Archive for October, 2008

Acquiring Student Credit Cards – What You Need to Know

Okay, you’re finally off to college and you’re applying for your first student credit card. Do you have any idea about how credit cards really work? Researching on some of the most important credit card terms will help you understand credit cards better. Let’s talk about some of the most frequently used terms you will encounter when applying for a credit card:

APR. APR or the annual percentage rate is the interest rate that the credit card company charges on your account each time you fail to pay off your monthly balance. This means the lower the APR of the credit card, the better it would be on your budget. Read more…

Build Your Credit Rating with Student Credit Cards

Before, students can’t just open a credit account without a cosigner. Credit card companies do not extend credit to students because they’re considered as high risk. Yet today, credit card issuers have opened their doors to the student market. To keep up with competitors, most credit card companies today offer credit cards that are especially designed for students.

How to Build Your Student Credit Rating

One of the advantages of having a student credit card is being able to establish an early credit history. Even while in college, you can start building your credit in preparation for the future. Applying for a student credit card is easy and most do not even require a cosigner at all. In fact, this would be the only time you can get approved for a credit card without a credit history or a job. Read more…

Advantages of Online Student Credit Card Application

Not long ago, all credit card applications are done manually. You would need to fill up a document and personally visit your bank to submit your credit card application. Today, modern technology has tremendously changed the way business transactions are done including credit card applications.

Most banks today offer online banking where individuals can access their accounts straight from the web. Even applying for credit cards have been made easier. Simply by filling up a credit card application online and pressing the submit button, all one has to do is wait for his application to be reviewed online and get a quick approval. Read more…