You, like your classmates, have a lot to carry. But unlike your classmates, you don't stay up all night partying or sleep off small headaches caused by tests. No matter how tired you are, you have to walk two blocks to a convenience store and work for at least six hours. It seems like it doesn't matter how hard you try. You are still barely able to pay for school, and your student loans seem to get bigger and bigger with each term.
Whoever said that there are many things more important than money has obviously never been a poor student who has to work and go to school and barely makes ends meet. If you're a student and always worry about where you'll get money in case of an emergency, why not get a student Visa credit card? Since they were first made in 1950, credit cards have made it easier for people to buy things and pay for them. Even if you're a poor student on a tight budget, a Student Visa credit card gives you the same power.
Credit: A Quick Start
Before you get a student Visa credit card, you should know the basics about credit. When you get a loan for a house or car, look for a job, or, most importantly, apply for a credit card, you need good credit. Your credit history follows you everywhere, just like your shadow. Before you get a student Visa credit card, make sure to do these things. This will help you keep your credit record clean.
- Read the agreement for your credit card.
After that, there won't be a test. Still, you should read the agreement and learn the most important facts. There are annual fees, finance fees, the grace period, and the APR, which stands for the annual percentage rate. If you plan to keep a balance on your credit card account, you should look for a card with a lower APR.
- Pay off your debt before your grace period is over.
Do this to keep from having to pay interest. Imagine the grace period as a one-month loan. If you pay off the loan in a month, you won't have to pay any interest.
- Memorize your credit limit.
You have no reason not to know how much credit you can get. If you go over your credit limit and can't pay for it, you could be hit with stiff penalties, fees, and even have your card or account closed.
Choosing a Credit Card for College
Choosing a student Visa credit card is like picking a college course. You should first find out more about them and then choose the best one for you. Here are some popular cards from which you can choose.
Benefits of the Bank of America Student Visa Platinum include no annual fee and no need for a co-signer.
The Chase Platinum Student Visa Card with Flexible Rewards has perks like an introductory APR of 0% and no annual fee.
Citi Driver's Edge Visa Card benefits include no annual fee, rebates on purchases at gas stations, grocery stores, and drugstores, and a 1 percent rebate on everything else you buy.
Benefits of the Wells Fargo College Visa Card include no annual fee, low APR rates, customer service that is available 24/7, and free extra cards.
A student Visa credit card is more than just an emergency safety net. It is also a chance to get ready for financial independence in the future.
