student credit cards – Pennysaverblog

Credit Cards

The Benefits And Dangers Of A Student Credit Card

The Pros And Cons Of A Student Credit Card

There are plenty of ways that a student could benefit from obtaining a student credit card. It is a great way to begin learning how to properly budget your finances to avoid debt. At the same time, debt may be the very reason a student would want to avoid a credit card. It is known that many credit card companies wish to provide cards to student with the understanding that they would use it irresponsibly. That may not sound beneficial for the credit card company, but the truth is that a card user in debt is worth more to the credit card company than someone who pays their monthly amount without hesitation. The credit industry is very different than it once was.

September 21, 2012

Credit Cards

Student Credit Cards – Are They Important?

Students are often neglected with regards to getting any credit benefits from various lending or credit sources who are otherwise ready to offer credit to businessmen and other working professionals. But the students of today are the next generation and are our future. So its important to encourage and support them with the best available financial and credit opportunities so they can grow in their own fields and provide the best output for our country.

As such, student credit cards provide one mechanism for young people to establish credit as well as provide a financial back stop for education and living expenses while attending school. The cost of living today continues to rise, and the amount of money needed to finance an education, particularly secondary education and college education, is outpacing the rate of inflation by a considerable amount. Many parents cannot bear the entire financial burden of the academic costs for their children. Student credit cards provided by a variety of different banks, lending institutions and credit card companies provide significant opportunities for students to establish and build a credit history at an early age. Provided, of course, that the credit card is used with care and caution.

January 4, 2010