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Student Credit Cards
_If your student son or daughter is heading off to college, consider equipping them with a student credit card to help make life easier on everyone.
There are many benefits in having a student credit card including the following important points for your consideration:
Safety: You don't want your student walking around campus with a wad of money in his wallet or her purse. Word will soon get out that they are an easy target and who knows what could happen.
Instead, have your son or daughter carry a student credit card to avoid being the talk of the campus - for all of the wrong reasons.
Convenience: Running out to the cash machine for money can be a problem as can wiring money to your student. When he or she needs the money, their student credit card can pay for books, a late night pizza, repairs to their car, and so much more.
No frantic 2 a.m. calls asking for money to pay a tow truck driver - their student credit card will have them covered.
Record Keeping: Yes, you'll want to keep tabs on the usage of the student credit card!
With monthly statements sent to your home you can review each bill and make certain that it is paid on time. As your student progresses through college you can give them more responsibility by allowing them to track everything and pay their bill.
Build Up Credit: Some student credit cards can be issued solely to the student without your name on the account as a co-signer. This can be a great way for your student to learn how to build up credit and establish a terrific credit score.
If you are seeking a student credit card for your son or daughter contact one of your current credit card providers to see what plans they have on hand.
Look for one that has no annual fee, a 25 day grace period for repayments, a low interest rate, and rewards to build up points for travel, airline miles - even cash back.
In the event that your student does not qualify for a student credit card you may be able to co-sign a card for him or her. In this situation your student's credit isn't being built up but having a student credit card is still a wise choice and a matter of convenience and safety nonetheless.
There are many benefits in having a student credit card including the following important points for your consideration:
Safety: You don't want your student walking around campus with a wad of money in his wallet or her purse. Word will soon get out that they are an easy target and who knows what could happen.
Instead, have your son or daughter carry a student credit card to avoid being the talk of the campus - for all of the wrong reasons.
Convenience: Running out to the cash machine for money can be a problem as can wiring money to your student. When he or she needs the money, their student credit card can pay for books, a late night pizza, repairs to their car, and so much more.
No frantic 2 a.m. calls asking for money to pay a tow truck driver - their student credit card will have them covered.
Record Keeping: Yes, you'll want to keep tabs on the usage of the student credit card!
With monthly statements sent to your home you can review each bill and make certain that it is paid on time. As your student progresses through college you can give them more responsibility by allowing them to track everything and pay their bill.
Build Up Credit: Some student credit cards can be issued solely to the student without your name on the account as a co-signer. This can be a great way for your student to learn how to build up credit and establish a terrific credit score.
If you are seeking a student credit card for your son or daughter contact one of your current credit card providers to see what plans they have on hand.
Look for one that has no annual fee, a 25 day grace period for repayments, a low interest rate, and rewards to build up points for travel, airline miles - even cash back.
In the event that your student does not qualify for a student credit card you may be able to co-sign a card for him or her. In this situation your student's credit isn't being built up but having a student credit card is still a wise choice and a matter of convenience and safety nonetheless.