Credit Card Resources Reloaded

Capital One Student Credit Card

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Capital One® No Hassle CashSM for Students

Establish Credit—Save For Your Next Big Purchase

• More cash back—25% annual bonus on the cash you’ve earned during the year
• No catch—1% cash back on purchases you make from day one
• No limits—No limit on cash back
• No Expiration—Rewards won’t expire for the life of your account
• Great savings—At Capital One Saving ZoneSM on Yahoo! Shopping
• Don’t forget—0% APR on purchases until June 2008

Capital One® Platinum Card for Students

• Exclusive savings: up to 40% off featured deals and 10% savings on everything else at Capital One Saving ZoneSM on Yahoo! Shopping (Learn More)
• Online account service and 24/7 customer support
• Additional safety on your puchases, thanks to extended warranty program
• 24-hour Roadside Assistance with lock-out service, towing, and flat repair
• $100,000 Worldwide Automatic Travel Accident Insurance
• Collision, Damage, and Loss Insurance on rental cars
• Emergency card replacement or cash advance if your card is lost or stolen

Citi Student Credit Cards

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Citi® Bronze® / AAdvantage® MasterCard® for College Students

Having a credit card without rewards is like flunking arithmetic. Or worse, failing to earn American Airlines AAdvantage® miles with every purchase you make. Which is why the only card to have is the Citi® Bronze®/AAdvantage® card because before you know it, American Airlines will take you just about anywhere in the world.

• No annual fee for your card and free membership in American Airlines AAdvantage® program
• Earn 1 AAdvantage® mile for every $2 you spend – up to 25,000 miles per year*
• No blackout dates on AAdvantage® award travel*
• AAdvantage® miles may never expire*
• $0 liability on unauthorized charges
• Access to credit education tips and tools
• No minimum income or co-signer required
• Special Student Deals

Citi mtvUTM Platinum Select Visa Card

Apply for the only card that pays off big for earning good grades and using credit wisely.

• 0% APR* for 6 months on purchases, cash advances and balance transfers
• Earn 5 ThankYou Points® for every dollar you spend at restaurants, bookstores, record stores, movie theaters and video rentals stores
• Earn 1 ThankYou Point for every dollar you spend on all other purchases
• Earn 25 ThankYou Points for paying on time
• Earn 250-2000 ThankYou Points twice a year for maintaining a good GPA
• Redeem points for gift cards, MTV events, and airline tickets
• No balance transfer fee with this offer
• No Annual Fee

CitiPlatinum Select Card for College Students

• 0% APR* for 6 months on purchases, cash advances and balance transfers
• $0 liability on unauthorized purchases
• FREE Online Account Management
• No minimum income or cosigner required
• No balance transfer fee with this offer
• No annual fee

Citi Dividend Platinum Select Card for College Students

• No Cosigner or Minimum Income Required
• Free Online Account Management
• Citi® Identity Theft Solutions
• Citi® Photocard option
• The Lost Wallet® Service
• Credit Education Tools

*See Card Terms and Conditions

Citi® Driver’s Edge® Card for College Students

School’s Hard. Getting This Card Is Not.

• 0% APR* for 6 months on purchases, cash advances, and balance transfers
• Earn rebates towards any car, new or used
• Build your credit history
• Free online account management
• $0 liability on unauthorized purchases
• No annual fee

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Credit Cards and High School Students

The Federal law doesn’t provide any restrictions about issuing credit cards to minors. In fact, credit card companies consider teen-agers as a very profitable market. Most credit card companies often require a co-signer when a minor applies for a credit card. When a teen-ager reaches the age of 18, he has the right to sign-up for a credit card on his name even without a cosigner.

Are Student Credit Cards an Advantage?
Some parents feel that providing their kids with credit cards while they are still in high school help them learn about money early in life. With proper guidance and support, obtaining a student credit card can help young people learn about how to handle their finances properly.

A student credit card is a great way in establishing a credit history in preparation for their future. Some credit card companies refuse to grant credit card approval for those without a credit history. But with the help of a parent as a co-signer, it will be much easier to get a credit card.

Or a Disadvantage?
On the other hand, a young person with a student credit card can also get into trouble. The convenience that a student credit card can bring may lead to uncontrolled spending. With just one swipe of the card, they can purchase an item easily at any time. Eating out in restaurants with friends is also just as convenient. They can easily do so without bringing with them any cash.

The problem comes when it’s time to pay the bills. At the end of the month, their billing statement may reveal that they have spent more than their alloted monthly budget. It is also a possibility that a student who does not think about his spending for the past month has already exceeded his allotted credit limit.

The Role of Parents
With this in mind, it is very important that the students themselves realize the value of credit and how to use credit cards to their benefit. Parents play a big role in helping their kids understand that credit cards should not be used like cash. Instead, every time they use their credit card to buy something, they should already plan out on how to pay back that purchase. Students must be reminded that serious thinking must be done before they use their credit card to make a purchase.

If you own a student credit card, be aware of the dates when you should be paying off your balances. Even if your parents are helping you to pay your bills it is crucial that as early as now, you learn the responsibility of paying your debts on time. Once you finish school, you will have the sole responsibility of paying your debts. By learning how to use your credit card wisely and putting it into practice, you won’t have a hard time managing your finances later on.

Student credit cards can be an advantage or a disadvantage for students. It will all depend on whether they will use their student credit card wisely and prudently.

Posted By:Samantha Wilson

Tips for the First Time Credit Users

Posted By admin:Samantha Wilson

College students are a huge market for credit card companies. Students need to build their credit history and getting a student credit card is one of the easiest ways to do so. Are you planning on applying for a student credit card too? Do you already have a credit card in your name? Whether you’re a student or a first time credit card holder, let this article give you some tips on how you can use your credit to your most benefit.

Read your credit card agreement. In reality, not many credit card applicants take the time to read their credit cards’ Terms and Conditions in full. As a first time credit card applicant, make it a habit to read the fine print before signing up for anything. Why is it crucial to read the fine print? Because the true costs of your credit card are disclosed here. What you see in the ads are only the best features of the credit card, the actual conditions are explained in the Agreement and it is up to you to find out.

Set your monthly budget. As a student, practice effective budgeting or money management starting now. This will greatly help you in handling your finances in the future. Set a definite amount for
you to spend each month and make sure that you have enough to set aside for your debts, credit card payments and for your savings. Every month you should be putting something away in savings. If you can’t put something away in savings each month then you are living outside of your means and you need to take a hard look at your spending habits.

Pay off your credit card balance in full each month. Make it a point to pay back your monthly credit card balance in full to avoid paying the interest. There are some credit building companies that say its good to leave a running balance on your credit card because it will encourage the credit companies to increase your credit limit. I don’t know how true that is. I’ve had cards that I have paid off each month that have given me regular credit line increases. What matters most in building your credit history is how you use your available credit and how timely you are in submitting your payments.

Stay within your credit limit. Staying within your credit limit means more than just not going beyond your allotted credit. Financial advisers recommend not using more than 30% of your available credit if you want to keep your credit history in excellent standing. This habit will not only protect your credit history, it will also protect you from the risk of incurring more debts than you can afford.

Check your credit card statements regularly. It is your obligation as a credit card holder to check the accuracy of your account statements. If you find errors or unauthorized charges in your account, call your credit card issuer immediately. If your credit card company provides online access to your account, take advantage of this feature by checking your account on a daily basis. Doing so will also alert you about your due dates of payment.

Use your credit card with caution. Credit cards are meant to be financial tools when you need them. Nevertheless, credit cards are not supposed to be used without careful consideration. Before charging a purchase to your credit card, ask yourself, do you really need to make this purchase? Can you pay back your balance by the end of the month? Is it a necessity or just a want? How will this purchase effect my monthly budget?

Student Credit Cards: Your Companion In Your Studies

A recent study conducted by the Georgetown University Credit Research Center shows encouraging results about students and student credit cards. According to this report, 87.9 percent of students in college manage their student credit cards effectively.

Unlike in the past years, this study has proven that college students are now more aware about their responsibilities as credit card holders and this is shown by the fact that most college students pay off their monthly balances in full. Overall, the average balance in a college student’s account is $552 which is just one third of the average balances of the general population.

This is certainly a good news and hopefully, this trend will continue and improve in the coming years. More and more young people today are becoming aware of the importance of having a student credit card especially when they enter college. With the help of information available online, students are learning the basic points on how to use credit cards while protecting their credit at the same time.

It is true that one of the challenges about owning a student credit card is controlling spending. Many students have developed debt problems because they continue charging purchases on their student credit cards and paying only the minimum each period. Because student credit cards are so convenient to use on shopping, many people- including adults, tend to forget the consequences of not being able to repay their balances on time. But this can be prevented if a student practices self-discipline and determination in keeping the use of credit cards in perspective.

Of course, aside from convenience, the main purpose of acquiring student credit cards is to build credit. But a credit history will not be of much use if all that is contained in one’s credit report are unpaid debts and past due bills. If you’re a student, always remember that protecting your credit history is just as important as establishing it.

Credit cards for students are now accompanied by options that help students manage their finances more easily. Banks send out monthly statement of accounts by mail, but now, students also have the option to check their account at any time just by going online. This way, even when they’re too busy with their classes and projects, they can still take a few minutes from their time and check on their account.

Another great provision is the liability fraud protection that most credit card companies offer. This is important for college students if they incur unauthorized charges in their account. Carrying a credit card instead of cash is also a safer way to buy things or pay bills. In case their credit card is misplace or stolen, a student can call the bank right away to freeze the account.

Finally, many student credit cards now give students the opportunity to earn bonuses or incentives from their purchases. Discounts from selected merchants and establishments also make a big difference in helping students save their monthly budget.

About the Author

Samantha Wilson is a consultant for credit cards for students. For years she has written student credit cards articles that would help build student credit.
Copyright 2008

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