The 9 powerful benefits of student credit cards


A credit card offers great convenience and advantages! There are truly AMAZING advantages that credit cards have over other methods of buying. Student and other types of credit cards are an awesome tool for managing money. Check out this list of benefits:

1) ideal for internet and phone purchases, 2) convenience and speed, 3) a good payment history builds up your credit rating -- vital for adulthood, 4) your monthly statement is a permanent spending record with the time, place and price of every purchase, 5) most cards feature a no-interest "grace period" for paying the past month's balance, 6) many issuers offer rewards such as perks, discounts, cash-back, extended warranties, fraud protection, travel protections, insurance on purchases plus other benefits, 7) card payments are extremely convenient with online options offered by most issuers, 8) worldwide acceptance, and 9) a credit card can save you in emergencies.

It's hard to get all that with cash, check writing or debit cards. Small wonder that credit cards are becoming standard equipment for travelers, along with a cell phone.

Among many reasons for students to have at least one credit card, the most important is SAFETY. When calamity strikes and you're far from home -- with minimal cash, a low bank balance, and nobody will take a check -- the credit card is a lifesaver. Sometimes, a credit card may be the only way you can reserve a hotel room or rental car.

Cards for college students

Student credit cards (also known as student rewards cards) offer choices and rewards tailored to students' needs and lifestyles. Just like non-student cards, many have a zero-percent interest introductory period and no annual fee. Some student cards let you use your own photo image for extra security. One card rewards you for maintaining a good GPA.

Other popular credit cards

Depending on your needs, you might instead choose from gasoline credit cards (also known as gas cards or gas rebate cards) which offer money back on fuel purchases and other rewards. These will be popular for the foreseeable future.

Another favorite is rewards or cash back credit cards (or "cash rebate credit cards"), which feature cash rebates, air miles, points or merchandise. Over the course of a year, the card rewards can really add up.

Low interest credit cards, feature a zero or low introductory interest rate. Be sure to you understand how long the introductory rate lasts.

Be a prudent user of credit

When you apply for credit cards, understand the schedules & fees and read the fine print.

Don't skip a payment or be late, as this triggers fees and penalties -- and can hurt your credit, rather than building it up.

Always guard your card and account number from thievery. Write down the card issuer's toll-free phone number where you can find it in an emergency. Immediately report a stolen or lost card.

Where to begin?

Here you can view and compare top credit card offers in major card categories and find the best credit card deals. Online credit card applications make it a snap to apply.

Do your own comparison and choose what's best for you. There are even credit cards especially for bad credit.

The advantages and benefits of credit cards are enormous, but so are the responsibilities. Use your card wisely. Don't overspend -- REPEAT -- DON'T OVERSPEND. When you're far from home attending college, it's easy to get carried away in all kinds of situations. But this is a chance to build up your credit, not ruin it -- so be smart with your student credit card.

Good luck, and make those grades!

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Note: This site is not connected with the United States Government nor any educational funding entity. Disclaimer: Financial decisions should be weighed according to each individual's circumstances. This article gives basic information about student credt cards, sometimes known as student rewards cards, student rewards credit cards or colege studnt credit cards, and reflects the opinions of the writer, and should not be interpreted as financial or legal advice.