Archive for December, 2008

Student Credit Cards and Cashless Lunch Payments

People apply for credit cards primarily for one purpose – to enjoy convenience and ease in their business transactions. Today, the concept of quick and easy transactions is now being introduced in schools and colleges in the US through the cashless payment systems.

If you’re not familiar with cashless payment systems, you may be surprised that this mode of payment does not involve cash at all. Students do not need to fall in a long anymore just to wait for their turn to pay. With this new payment system, students simply have their fingerprints scanned and check out with their lunches.

This new system uses biometric fingerprint scanners to identify and pull up the student’s account. Afterwards, the amount of purchase will be automatically debited from the student’s personal account so there’s no need to fumble for cash and wait for a change. Read more…

Student Credit Card Application

Student credit cards are especially created for college students who are trying to obtain credit for the first time. If you are a student, why should you apply for a student credit card? Primarily, student credit cards are tools for building personal credit history. But why should you establish your credit history while you’re still a student?

Why Students Must Establish Credit History

An individual’s credit report measures an individual’s credit worthiness. After you graduate from college, having a solid credit history to back you up will certainly work to your advantage. Potential employers and even prospective tenants would surely be more impressed if your credit report shows how you have been responsible in handling your accounts and dealings with your creditors. Obviously, it would be a lot easier to get hired for the job you want or get accepted for the apartment you want if you have a credit history. Read more…

The Different Types of Student Credit Cards

It is true that not all student credit cards are the same. This is why shopping around and comparing is important. Whether you’re a parent looking for a credit card for your college student or a student planning to apply for your own credit card, this article presents potential student credit cards that you may consider. Don’t forget to check out the full list of Terms and Conditions to learn more about each credit card’s rewards program.

The Citi® Upromise® Card.

This is credit card offers 1% of college savings on all purchases from any establishment, and 2% of college savings for gas purchases made at Exxon and Mobil stations. It also offers 10% college savings for purchases made at affiliated groceries and drug stores. It also comes with a 0% introductory APR on balance transfers for 12 months and has no annual fee. Read more…