Mortgages

Student Credit Card

credit card Whilst the thought of credit card debt is not something we aspire to it is worth remembering that a healthy finanacial trail is invaluable when it comes to buying a car or your first property. Your credit history is very important as checks will be made by any lender or department store.Some student credit cards offer money off in certain shops, but these are sometimes the same shops in which you'll get discounts with your NUS card. If this isn't the case and the discounts on offer are ones you'll take advantage of, a student credit card could still be a good deal for you.

There is another option avialable for students where you take out a secured credit card. It works along the lines of a debit card where you put money into your credit card account as a guarantee that if you fail to pay your bills the credit card provider will be paid, at least in part, because the credit card limit is determined by how much is deposited onto the card. So this is not like a debit card where you can only take out what is on the card but the credit limit works within a ratio of what is already deposited.

 

student credit cards When looking for a student credit card don't restrict yourself to just student cards because if you have a part time job or work during your holidays you may reach the required mimimum income requirement (or the card issuer doesn't have an income requirement at all) to apply for a standard credit card where there are often promotional incentives with low interest rates.

There are also cards that work in much the same way as top up cards for your phone. It works by parents topping up a credit card, it allows the parents to keep spending within limits but also allows a certain flexibility with the student.

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