Student Credit Card Application Online - Get The Facts

Student Credit Card Application Online - Get The Facts
By Morgan Hamilton

Getting approval for a student credit card application online has never been easier. Credit cards for college students are unique financial instruments in that they are basically designed to give credit to people with no credit history or meaningful employment. It pretty much flies in the face of everything that the credit card companies stand for.

But for banks and credit card issuers like Chase Manhattan and Discover Card, the upside is enormous in relation to the risk they take. For every student that defaults on their credit card debt, the credit card companies know that there will be many times that amount that will become long term customers. And long term customers in the credit card industry translates into big bucks.

The college campuses that blanket the United States have indeed become fertile hunting grounds for the card issuers. And when you think about it, it isn't at all hard to figure out why. Our colleges represent the best and brightest young minds amongst us. And those bright young minds are going to be gainfully employed, hopefully, in the very near future.

When seeking a student credit card application online make sure you know the terms and conditions set forth in the offer. That means doing your homework to make sure you don't get caught with any nasty (read expensive) surprises. Because students typically don't have a credit history, the credit card companies will often charge higher interest rates.

They do this in part to mitigate their risk, but they also do it because they can get away with it. They know full well that your choices are limited because of your current financial situation. In short, they got you by the short and curlies and if you let them, they will pull. So don't let them. Your college student credit card should be a valued ally, not your nemesis.

Here's how to make it work for you. Are you ready for it, this is real ground breaking stuff... do not charge more than you can afford to pay back and make sure you pay off your monthly bill in its entirety every month. Earth shattering, original advice isn't it? Of course it isn't, but if students would only follow these simple rules then paying high interest rates and accruing debt will not be an issue.

Not only that but you will also begin to establish that all important excellent credit rating, that by the time you graduate and apply for an auto loan and a mortgage, you will be oh so glad you have. Also, when you see on a student credit card application online that it has annual fees, look elsewhere at other offers. We don't work for these credit cards, they work for us.

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Student Credit Card Application Online - Get The Facts

Best Student Credit Cards 2010

Best Student Credit Cards 2010
By Tom Tessin

It's another year, and you're probably wondering what cards are out there that are going to be best for you. Since there are so many, it's going to be hard to choose from, I can understand that. Now, keep in mind that 2010 is going to bring some new rules to the credit card industry.

What you're going to find out is that with a student credit card, you're either going to have to prove your income, or you're going to have to have a co-signer. This co-signer can either be your parents, relatives, or potentially a friend. If you have a job, and you can prove to the credit card company that you can pay this card back off, you shouldn't have a problem.

Now, here are the best student credit cards of 2010...

Discover: Discover has a great line of cards. They have both the student card, as well as the open road card. They both have fantastic deals in terms of rewards, and no annual fees. It makes it great for any student looking for his/her first card.

Citi: Citi bank also has a great line as well. The Forward, and MTVu card are both 2 of my favorites. You can earn rewards, as well as get rewarded for being a good card holder. Pay off your card on time, and stay under your limit, and you're going to get rewarded.

These 2 major companies are the 2 that I highly recommend in the year 2010.

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Best Student Credit Cards 2010

Student Credit Card Debt - Are You Ready to Consider Debt Relief As a Student?

Student Credit Card Debt - Are You Ready to Consider Debt Relief As a Student?
By Lisa Archer-Jones

Getting your first credit card as a student is fun. However the fun gradually gets converted to debt. Students are at a right age and frame of mind to understand how to deal with their finances. Unfortunately they are not learning how to remain debt free. They are on the contrary getting into debt with their credit cards. Student credit cards are actually meant to be used only for educational purposes. But the students use them for goodies and other luxuries and get into debt.

If you are a student and have got into debt or are on the verge of getting into debt then it is time for caution. Here is precious to keep you away from debt or obtain debt relief. Choose your path to financial freedom.

The fist thing is do not fall for a credit solution. Don't merely sign up to get a free gift. You must search for a good credit card rather than the credit card finding you. Before signing go through the terms and conditions and understand them. One card is good enough to meet most of your needs. You need not go for an additional credit card. Do not even think in terms of 3 to 4 cards.

Exercise caution while flashing your card. You must know what your paying ability is. Buy only what you can pay for. The fastest way to build your debt is to buy beyond your means. Also make it a point to make the entire payment. If you do not pay the balance in full interest charges and late fees start growing.

Never go in for a cash advance. Taking such advances will get you into debt faster. Always stay within your credit limit. Do not use more than 30 to 40 percent of your credit limit. And lastly never give your card to your friends. These rules will give you substantial debt relief.

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Student Credit Card Debt - Are You Ready to Consider Debt Relief As a Student?

College Student Credit Card Debt

College Student Credit Card Debt
By Jes B

College student credit card is nothing more than a marketing term aimed at the college going populace and their financiers: usually parents or legal guardians footing the bill. It basically works like any credit card: it needs an initial deposit, its credit limit has a severely low ceiling, and it carries very high interest rates plus hidden fees.

Unfortunately, when a college aged person acquires such a credit card, (or when their guardians acquire it for them,) debts become inevitable. In a 2006 study, it is said that at least 98% of graduating college students had college student credit cards, and that the average debt per student is $2,700. About ¼ of college student card holders owe the system more than $3,000, and that 10% of them have a bill amounting to more than $7,000.

Most of the time, the acquisition of these credit cards are based on the guardians' needs to help their wards become financially independent. Regrettably, the cards eventually become financial traps to hapless college students.

College student debt is a staggering problem these days, but very much avoidable. A student has to be responsible enough to know how to use such a credit card and to use it with the thought that ALL credits should be paid in due time. Many young people seem to think that a one is a license to go crazy at a store or at the mall - and that unless the credit card was specifically denied by an establishment, they can just shop, shop, shop to their hearts' content.

Others are simply surprised by the accumulation of the credits on their bills - small incidental expenses, a few times a day, can actually result in a long list of financial dues. Other cases are complicated by the fact that these "credits" are added to a list of student loans.

Laying the groundwork for financial independence should start with re-educating the person acquiring the card about the limits and pitfalls of owning any credit card. First of all, the person in question should understand that credit means purchasing goods, products and services without immediate payment; but there will be inevitable payment soon enough.

That person should also understand how penalties for late payment of dues (or non-payment of dues termed debt) and interest charges can add a hefty amount to existing credits - which should still be paid under any condition. And lastly, college student debt is 100% avoidable, if only the students responsibly keeps track of all their expenses and meticulously repays them back when the time comes.

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College Student Credit Card Debt