Credit Cards For Students – Paving The Way To Your Financial Future
Once a person turns 18, a world of new opportunities really opens for him or her. One of those is credit. However, it can be an uphill climb to go from no credit to good credit. For those teens and young adults enrolled in college and needing to establish credit, credit cards for students from major companies are an excellent choice.
Income requirements are more lenient than standard credit cards, and the actual cards usually look no different than its traditional counterparts. Sometimes college enrolment can be verified online; sometimes sending in proof of enrolment is required. Credit limits usually start out around $500 to $1,000, and with responsible use and on-time payments, a college credit card is a great start to a successful financial life.
Most of us, when we were growing up, wanted to ride a bike. The problem was however, that we were too small to reach the pedal. So we would have either been given tricycles first, or small bicycles with training wheels. In this case, credit card for students will act as the tricycle or small bicycle with training wheels, preparing students for their financial future.
College students can apply online just like other potential consumers. No minimum income is required however, nor is a co-signer (an adult with established credit who acts as a guarantor for the card.)
There are a number of credit cards for students currently available for online application. Some of the features include the ability to earn cash back in a number of ways of up to 20%, no annual fee, guaranteed $0 fraud liability and much more.
Discover Card also offers a student product. While not every merchant accepts Discover in general, it is still extremely popular and an excellent choice. The introductory interest rate is zero percent for six months and no annual fee. After the introductory period, the APR is 15.74 percent.
Discover Card for Students also offers nine different card styles and up to one percent cash back on qualified purchases. There are also other rewards and cash back programs offered, and any benefits do not expire as long as the card stays open and current.
