If you are a college student, you know how expensive books, movies, and courses are. And if you only work during the summer holidays, you may be looking for a way to extend your income during the cold winter months. Fortunately, a student credit card can help. Find low-interest rates and favorable terms, and you can pay for your discounted billing when you make money for your summer work.
To get a student credit card, follow these guidelines:1. Find cards to compare them.
It is easier than you think. Credit card companies often set up tables and booths at college shows. You can even find tracts or applications near the compass. And you can always find a student credit card by searching online. Make sure the cards you are thinking of are student cards. Student credit cards usually have soft credit points and credit history conditions, and often have lower interest rates.
2. Choose the best ones.
Not all credit cards are created equal! Since your student loan card is the first, educate yourself a bit about the terms and jargon you will encounter. Choose one with a lower interest rate, as that is the "additional" amount your credit card will add to your monthly balance. Look at the long-term grace period, too, which is the amount of time you have to make the payment before the interest starts to accumulate. Other things to look for are a card that does not have an annual fee and a down payment late.
3. Apply! Simply complete the application
on paper, online, or over the phone - and answer the questions on the form. You will need to show all the basics, such as your name, current address, and phone number. You will also need to provide them with a "permanent" address and phone number. The application will include lines of information about your school, your school address, your registration status, and your graduation year. They will probably ask about your bank accounts and work.
If you are currently employed or have large savings account in your bank, the chances of having your credit card - the largest balance you can hold on your card - will be higher. But even if you only have a summer job, you should still be able to get $ 500 - $ 1,000 in credit.
