Top 2 Rated Cards:

Getting the Most Out of Student Credit Cards

Student credit cards, by its name alone are credit cards which are issued to students especially the ones in college. This card is the perfect way for students to start when building their credit standing. The credit card companies who are offering student credit cards believe that in a students working life, they will earn close to GBP 12,000. This big amount of money is what drove certain credit card companies to issue a piece of the plastic action to students.

When choosing student credit cards, these undergraduates must be able to know which card would work best for them, as well as the benefits they are entitled to once they get hold of the card of their choice. An excellent resource for learning about credit, comparing over 10 student credit card offers online is StudentCreditCards.com : student credit cards, credit cards for college students. An excellent read is the FRB - Federal Reserve Board site a Consumers Guide to Credit Cards.

Of course, as students, the first thing they consider when choosing their college student credit cards are getting exclusive benefits and discounts. They should choose a card that is filled with lots and lots of sponsor stores where they can get big discounts every time they make a purchase.

Another benefit these learners get when availing one of these student cards is that they get to build their credit history as early as possible to prepare themselves for future borrowings. There are student cards out there that require no minimum income or co-makers to apply.

Another benefit a student should be able to get when they apply for a credit card is security. Because these students in nature are very impulsive, they shop almost anywhere, including online. In view of this matter, they could apply for student cards with virtual account numbers. Virtual account numbers are account numbers that are generated in lieu of the students real account number. In this way, when they shop online, they would never have to give their real card number which gives them the security of getting their accounts stolen and suffer from unauthorized charges.

Students could also get some retail purchase protection benefits from their credit cards. This means the things they purchase should al least qualify for protection from accidental damage or theft. As we all know, students buy things that are more of a luxury than necessity so most of the muggers have their eyes on these students.

Because students are always on the go, the credit card they have to choose must have some travel insurance benefits. Usually, this travel accident insurance works by charging travel purchases to the credit card, and in case of a common carrier accident, a cardholder will automatically be covered with no extra cost.

Finally, the best student cards should have rewards points as benefits for students who aim high and study hard. Popular credit cards for students nowadays give out rewards points for student card holders who maintain a good GPA per semester. Sometimes, student cards would also include rewards points when these student card holders pay on time or when they did not exceed their credit limits. These are all the things students need to consider when choosing a credit card. Remember that this card and all its rules and guidelines are stepping stones to building good credit history and having a good future.
 

* Each credit card listing is believed to be correct at time it was last updated, however please check the issuer's site for definitive information.