Credit Card Study

General
What are Credit Cards
Advantages of Credit Cards
Applying for a Credit Card
Children and Credit Cards
Credit Card Terms and Fees
Credit Cards - The Right Tool for Merchants
Credit Cards as a Credit Instrument
Credit Cards Codes and Numbers
How Many Credit Cards are Enough
How to Select the Right Credit Card
Interest Rates for Credit Cards
Online Credit Card Usage
Risks of Credit Cards
Using Credit Card Overseas
Where to Use a Credit Card
Zero Rate Credit Card or Not

Major Credit Card Issuers
Wamu credit cards
American Express Credit Cards
Capital One Credit Cards
Chase Credit Cards
Citi Credit Cards
Diners Club Credit Cards
Discover Credit Cards
Mastercard Credit Cards
Visa Credit Cards

Credit Cards and Debt
Avoiding Credit Card Debt
Bad Credit and Credit Cards
Credit card debt consolidation
Credit Card After Bankruptcy
Credit Cards and Credit History
Getting Out of Credit Card Debt
Filing For Bankruptcy
If a Credit Card Issuer Sues You
The Optimal Credit Card Balance
Credit Card Debt Refinance

Credit Cards and Fraud
Avoiding Credit Card Fraud
Credit Card Fraud Protection for Merchants
Famous Credit Card Frauds
Famous Credit Card Law Suits
How Credit Card Issuers Cheat
Merchant Credit Card Fraud
Protect Your Card
What to Do in Case of Identity Theft
How Consumers Cheat

Types of Credit Cards
Business Credit Cards
Debit Cards vs. Credit Cards
Low Interest Credit Cards
Rewards Credit Cards
Secured Credit Cards
Student Credit Cards
Types of Credit Cards
Unsecured Credit Cards
Zero Credit Cards

Contact Us
Disclaimer
Contact Us

Student Credit Cards

Student credit cards are intended to help high school and university students obtain some credit and a good credit history. In some cases student credit cards are secured by a deposit and in this case they fall into the group of secured credit cards but more often that not student credit cards are of the unsecured type. Also, even if your student credit card is secured in the beginning, many issuers will agree to convert it to unsecured a year or so later.

Student credit cards, as the name implies, are issued to students in high schools, colleges and universities. Generally no employment is required in order to obtain a student credit card but this varies from issuer to issuer. As a whole, the requirements an applicant needs to meet in order to be issued a student credit card are not as strict as the requirements for standard credit cards. In some cases, especially with credit cards for high school students, the card can be issued as an extension to a parent's credit card.

Student credit cards can be issued even if the applicant has no job. Because of this, there have been cases when people, who can't obtain a credit card in other ways, enroll into community colleges just to get a credit card. While this is perfectly legal, it could have a negative impact on your future credit history, so you'd better don't do it.

Generally, student credit cards are not difficult to obtain. Also, it is possible to get a student credit card that offers great terms – low interest rates, low or waived fees, credit limits over $1,000 and so on. So, as with all types of credit cards, when you plan to apply for a student credit card, take the time to research the available options and make an informed choice rather than rush to grab the first offer that arrives in your mailbox.

If you can't manage to find only one great offer, you might be tempted to apply for several student credit cards at once. This is not particularly wise because having a bunch of them might prove too much of a burden, as far as charges and rates are concerned. Actually, having more than three student credit cards is a way too much.

Although this applies to all kinds of credit cards, but for student credit cards it is even more important, read carefully the fine print in your Card Holder agreement. You might not be fond of reading boring legal stuff but it pays to do it because if there are some special penalty clauses or any kinds of traps, you need to be aware of this in advance.

Since you most likely do not have any credit card experience yet, it is really vital that you pay attention to all important clauses in your agreement, especially to those that regulate penalties for late payments or for going over the limit. You might be new to the world of credit cards but there is a really important lesson to learn – use your credit card wisely. Your student credit card is your start in life and you wouldn't like to start your credit history with failure, would you?