Student credit cards come in a variety of forms. But, there are two primary forms in which a student credit card can be found. The first is an unsecured student credit card while the other is a prepaid debit card. Understanding the differences and the pros and cons of each will help you to better determine which is best for you.The Unsecured Student Credit CardAn unsecured student credit card is like a traditional credit card. With this...more
Just as the term itself suggests, student credit cards are credit cards meant exclusively for students, many of whom are yet to earn a documented income with employment. Credit card issuers are mindful of students and their credit challenges so they make accommodations for students when building student credit card offers specifically. Typically, the only constraint when applying for a student credit card is the age of the student, and as...more
The innovative spending idea for the Gen-next is a Student Credit Card. Popularly knows as cards or the Plastic money these open a gateway to financial freedom to the contemporary youth. On one hand student credit card also provide an opportunity to an adolescent to start building up his credit profile but on the other hand these are known to generate a vicious circle of debts and money short falls. Various companies and banks offer lucrative schemes to lure students to opt for credit cards. These offers vary as low interest rates; cash back rewards, no annual fees, etc.Various credit card companies have specifically launched student credit card towards the adolescent and youth. This card offers a bonus towards financial freedom and an opportunity to live independently away from the parents. Many parents also open bank accounts and also provide supplementary card to their kids to offer independence of expenditure. Most of the student credit cards require parents consent to offer a credit limit. Student credit cards provide low credit limit as the students usually do not have credit ratings plus credit companies often suffer non-payment and bad debts problems with students. Due to...more
A host of low interest credit cards is already in the e-marketplace favoring those with a revolving credit - in other words, those who carry a monthly balance. The interest rates on these cards tend to be around 10% while the rates on normal cards could be as high as 16% to 18%. The interest rates offered on these low interest credit cards could be...more
What is the concept of a balance transfer credit card? To put it simply, making 0% interest balance transfers from one credit card to another is a great way of answering the age-old conundrum: how to have your cake and eat it too. You have nothing to lose - but to gain you have a bundle of money that could have disappeared while you paid high...more
Credit card debt consolidation is most talked about term these days. No one can deny Americans are experiencing severe financial hardship. Present recession in America has created Job losses and underemployment in turn has decreased peoples earning power. On the Other end credit card companies, looking to cover up losses, have raised interest rates, lowered spending limits and increased minimum monthly payments. After declining the value of U.S. currency, American is facing difficulty for living their life peace fully. Survey says that most of the people in USA are under cover of debt further majority of problem for the debt arises due to the Credit Card Debt. Debt consolidation service is the best option for those people who file habitat due to bankruptcy or due to credit card debt. Some important step for stay away from credit card debtCheck your credit report in detail, review it for accuracy & your personal credit scoreReview past statements, try to prove one's worthiness as a customerBe regular in your monthly pay back, never avoid paying minimum amount.Do not use more than one credit card or prefer any extra credits Plan your monthly budgets correctly and Increase your...more
A great number of lenders do have a tendency to check the credit history, prior to the availing of the loans. This implies that those with severe credit disputes will have a tough time extracting funds in the form of external monetary assistance....more
For years, American consumers have racked up massive debt. As it stands, there is over $2 trillion in outstanding credit card debt. That's massive. While the average consumer is sweating out his share of that debt, most want to completely...more
Financial transactions using cash will be a part of museum one day. Use of checkbooks for the same purpose is already on the wane. Debit cards and credit cards have elbowed them out. With the rise in online transactions credit card has taken the...more
When applying for low interest credit cards, you may think you know what you are looking for. After all, it seems pretty clear. The lower the APR, the less money you will have to pay, right? In reality, this is not always the case. In fact, one...more
If you want to get out of debt, you must begin by changing your habits. With a few simple steps, you can easily free yourself from the financial burden of credit cards. Keep in mind how you got in this situation, so that it doesn't happen...more