Applying for a Student Credit Card
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If you wish to apply for a student credit card then there are a few things that you need to be made aware of. As a student having a credit card may be a necessity but it is essential that you are smart about it. Read on for some relevant information that you need to understand before you apply for student credit card.
If you wish to apply for a student credit card then there are a few things that you need to be made aware of. As a student having a credit card may be a necessity but it is essential that you are smart about it. Read on for some relevant information that you need to understand before you apply for student credit card.
APRs vary from one credit card to another. APR stands for annual percentage rate. In simple terms it is a number that is used to express how costly credit is on a yearly basis or to put it under way, how much it will cost you to borrow money. Under the law all credit card companies must disclose their APRs to those applying to open an account with them.
When you apply for a student credit card look for one that has as low a rate as possible. There are plenty of types of credit cards for students that come with a zero percent APR.This kind of card is definitely in your best interests.
If you already have a credit card and are not aware of what the APR is then take a look at the area at the bottom of your next statement. If the rate you are paying is high then it is perfectly within your rights to attempt to negotiate a lower rate. However if the lender is not willing to negotiate then look for a lower rate student card and make the move. While you are at it make sure the new card has no annual fees. You are a student after all and therefore the less money you have to pay out the better!
As you prepare to apply for student credit cards find out if it comes with bonuses. Some credit cards geared towards students offer bonuses that are worth taking a closer look at. For example, you could receive a cash-back bonus on gas when you fill up your car or make food purchases. These types of bonuses are ideal for students because when you charge purchases on your cards you are actually making money. This is particularly the case if you pay off your balance every month.
There are still other student credit cards that offer bonuses that are analogous to rewards For example, you can find cards that offer a points system for air travel rewards. These kinds of bonuses can come in very handy when you want to fly home for Christmas or go somewhere warm for your spring break. When you apply for a student credit card find out what it has to offer you. If the offer suits you then go ahead and apply. If it doesn’t then look to what other cards have to offer.
Instant Student Credit Card Approval- What You Need to Know
Having a credit card when you are in college is imperative. Being responsible in how you use it is important but knowing that you have it in the event of an emergency or unforeseen circumstances brings peace of mind. As a college student you are not likely to have wads of cash lying around when you need it most! That is where a credit card comes in handy.
A student can apply for instant student credit card approval by way of the internet. The application is secure so safety is not something you need to concern yourself about. Always look for the symbol of a padlock at the website. As well check the link for the website when you begin to fill out the application. If it starts with https instead of http then you are on a safe and security verified website. You can breathe easy!
The instant approval that you desire is either sent to your e-mail address as soon as it is ready or else it is generated online right in front of you. The response you receive after applying will either be that your application has been approved or it has been declined. There are also instances where the instant student credit card approval will require more information to process your application. Some people’s applications are more straightforward than others. This is dependent upon your occupation, income level, credit history and other factors. If you have excellent credit then your response of an approved application will arrive sooner. There are certain circumstances that can cause a delay in the instant approval application process however. These are dealt with on a case-by-case basis.
Receiving instant approval for a student card works much the same way that it works for other cards. Here are the requirements:
· You must be 18 years of age (check the age requirement where you live)
· You must be either a college student or a graduate student
· You must have a valid Social Security number (if you reside in the United States)
· You must provide your full name, date of birth (DOB) and your citizenship or permanent residency
· You must provide your home address , telephone number and e-mail address
· You must give details about the school you attend (name, city, state or province)
· You must provide enrolment details such as which year you are in and whether you are a full time or part time student
· You must provide information about any job(s) you currently hold
· You must give relevant information about the bank account you have (and what type it is- checking or savings)
· You must give your billing address(if it differs from your home address)
Instant student credit card approval is best when it comes with low interest rates, a sufficient grace period and a good credit limit. Search online to find out what offers are available for you as a college student.
