Points to Ponder for Teens Applying for a Student Rewards Credit Card

Without a guide, teenagers may have a hard time choosing from all the credit cards for students in the market. If want a credit card for student with rewards, then you’ll be glad to know that there are issuers that offer reward credit cards especially for college students.

Below is a guide that you can use before signing up for a student rewards credit card:

Which Type of Reward Suits Me? Reward programs vary from – Cash Back, Gas Rewards, Travel Rewards, and more. No matter how attractive the reward program may seem to be, you want to consider if it matches with your spending and lifestyle.

For instance, a lot of people are attracted to Frequent Flyer Miles credit card because they want to get the chance to fly for free. However, if you are an occasional spender, it can take you a very long time to get the free flight. If the card imposes a blackout date, you may not even get rewarded at all.

Matching a student reward credit card with your lifestyle is the key to enjoying the incentives it offers. Instead of focusing on the possibility of getting reward, be more realistic, and think about how you can benefit from your reward credit card without waiting for a very long time.

Read Full Article: Points to Ponder for Teens Applying for a Student Rewards Credit Card

Student Credit Cards: First Step To Becoming Financially Responsible

How do we teach our children, especially teens, to become responsible enough to handle their own spending? Some say that simply telling kids to be financially responsible is enough. However, is it not better to let them experience it first-hand?

One way of letting your children handle their finances is by giving them a credit cards for students.

Importance of Having A Student Credit Card

A student credit card is one way to build credit. This is great for teens since they can establish their own credit history while in high school or college. Credit history is important when applying for a loan or even a job. Having a good credit score will help immediately sends out a good impression to potential lenders and employers. They can also learn some of the basic finance skills they can make use of in the future.

Owning a credit card is convenient for college students, especially those who stay in boarding schools, away from home. With a credit card, they won’t have to always ask for cash from their parents each time they need to pay for something (i.e. projects).

Another advantage of having a student credit card is that students working during summer breaks can. pay off their bills from their personal earnings. This experience will teach them about the value of hard work and frugality.

Read Full Article: Student Credit Cards: First Step To Becoming Financially Responsible

Easy Steps When Applying For A Student Credit Card

Students, especially those who are in college, sometimes face financial difficulties due to the rising costs of books, tuition fees and materials for projects. It is really expensive to go to college but education is very important.

For college students who work during summer, student credit cards can be of great help. You can use your credit card to purchase items or pay tuition fees when cash is not readily available.

A helpful tip: The best time to apply for a student credit card is now. Why? A New Credit Card Law is passed and will take effect on February 22, 2010. It does not stop students from getting a credit card, however, it makes student credit card application and approval a bit more difficult.

Applicants who are under 21 years old must have a primary card holder. The New Credit Card Law also prohibits credit card companies from marketing their products on campuses or 1000 feet within any campus and even school-sponsored events.


Read Full Article: Easy Steps When Applying For A Student Credit Card