Poll
Student Credit Cards
Many young people apply for their first credit card when they become a student. It’s an opportunity for card issuers to attract a potential long term customer therefore they have designed credit cards to cater especially for students' needs. Read more...>
With no income or standing credit history behind them students will be issued their student credit card as part of a package that includes a student bank account.
Because there is less choice open to students, the interest rates on offer for student credit cards do vary. However, in general, they are higher than even the most competitive rates available on other cards.
The extra benefits associated with student credit cards usually take the form of incentives and ‘freebies’. These are generally based around student requirements such as discounts on meals, books or other items. Often students are likely to travel out of term time therefore some issuers offer travel insurance or other travel related incentives.
Top Tips
- The interest rate remains in place long after the ‘free gifts’ have gone, so make sure you know what it is and how much borrowing will cost
- Learning about everyday finance can start with student credit cards so take the time to compare the offers
- At the start of every new student year most high street banks make an effort to attract student customers so look around at what’s available.
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News
January 5 set to be busiest day for Balance Transfers
05-Jan-09
Day will see more than double the number of searches for ’Balance Transfers
Fairer terms from credit card providers
12-Dec-08
Credit card rates have not decreased with the base rate