Student Credit Cards
It has become common these days for student to possess a credit card. While they are at the University or College, they are approached by a number of these credit card companies who try to entice these people to apply for a card. They offer a lot of free gifts like T-shirts, bags, fancy mugs, pen sets etc in return for the student to sign the credit card form. Student credit card has its own advantages and disadvantageous. It all depends on how you make use of them. Let us analyze what the advantageous are in making use of these credit cards.
When you go out shopping you neednít be worried about the amount of cash that you have in your pocket. With your credit card you can always make your purchases and repay them at a later stage. Especially these days it is not advisable to carry heavy cash in your pocket. It gives easy access to both cash and credit. You can even spend above the credit card limit up to a certain percentage offered by your credit card provider.
Some of the providers even offer cash back facility. They give back a certain percentage of the amount that you spend which is credited back into your credit card account. Some of them offer reward points as against the cash back facility. These cash back or reward points generally range from 1% to 5% depending upon the purchase type and depending on the credit card company. Reward points are also given for maintaining good record of payments being made promptly on time. It is always advisable to go through the details of the company offering the credit cards and their rewards and choose the best amongst them. With your reward points you can exchange it for various items like cameras, cell phones etc.
A number of dealers do come up with purchase plans like you could buy the items now and pay for them at a later date. You can make use of this facility only if you hold a credit card. Some of the credit card companies offer free travel insurance if you purchase the ticket with your credit card regularly. Even reward points or cash back can be used to get air tickets. Some credit card companies do come up with exciting offers specially for the students.
Earlier days, applying for credit cards were done manually. You had to get a form from the provider, fill it up, visit the bank and submit the same. But these days with the advance of technology you can apply for a credit card online. All credit card transactions can be done online. It has become so simple that all you have to do is fill up the application forms online, enter all the necessary details and submit it with a click of a button. You can also wait for them to review your application and get back to you within minutes. Technology has taken us so far.
