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Saturday, 14 January 2012

College Student Credit Card Debt Statistics

Key statistics tell a story - Credit cards for college students.
Credit is a double-edged sword. On the one hand, it can be incredibly freeing: by just swiping your card, you can instantly buy something that you otherwise could not necessarily afford if you were to pay cash.

On the other hand, credit can also quickly become a weight around your neck that weighs you down and keeps you from living a worry-free life.

Those people who are able to balance their credit card usage in an even-keeled way are the most fortunate of them all. However, this is not as easy as it sounds. Tens of millions of people are carrying more credit card debt than they are comfortable with, and it costs them dearly.

College students, in particular, can easily fall victim to irresponsible credit card usage. This is probably due to the fact that for most college students who have credit cards, this is the first time in their lives that they have really be given access to so much buying power at once. On top of that, college students face a number of very legitimate expenses that need to be paid if they are to stay in school.

If you are a college student who is considering getting a card - or are the parent of one - it is a good idea to know first what you are getting into. You also need to consider your other options before applying for a card.

If you are looking for the right credit card for a college student, these key statistics tell a story about college debt:

1. The average college student carries over $3,000 in card debt:

A 2009 study by Sallie Mae, the college-financing company, found that the average undergraduate student carried $3,717 in credit card debt in 2008. This was the highest level ever since Sallie Mae began taking the annual survey 11 years prior.

This statistic indicates, of course, that college students are increasingly relying on their cards to make purchases for everyday items.

2. Grads carry even more debt:

The same study found that graduating college seniors who had at least one card carried an average of $4,138 in credit card debt in 2008. This figure was up an astonishing 44% from 4 years earlier.

3. College expenses are on the rise:

While college students have long had to deal with keeping their own credit card spending under control, they are now facing more challenges than ever.

Over the past 10 years, tuition and other fees at public colleges have risen 50%, according to a College Board study. College-related expenses are on the rise, and many students increasingly rely upon their cards for covering those expenses.

4. Credit card companies are now prohibited from soliciting new students directly:

Still interested in a card? That's okay, maybe you (or your child) are going to be the responsible type.

Still, there is one other problem: it is harder to qualify for a card than ever before. New Congressional legislation makes it illegal for credit card companies to solicit the business of anybody under the age of 21. Of course, you can still qualify for a card in that case, but you will need a qualified co-signer for your application who will agree to be responsible for the debts you incur.

5. Students can consider prepaid debit cards as a smart alternative to credit:

A smart alternative to unsecured credit for college students is the prepaid debit card. As the name implies, you purchase or prepay for the cards, then use them like a credit card. This way, you will not be able to run up any unsecured debt. Furthermore, there is no application to fill out - and your card usage does not reflect (positively or negatively) on your credit report.

Consider these statistics as you look into a credit card for college students.

Thank you for reading and good luck...

Best Student Credit Card

How to Get a Credit Card That Is the Best Choice for You.
Finding a credit card when you're a student isn't actually a hard thing to do - you will probably be flooded with offers. Trying to sort through all the offers you get to find the best student credit card is much harder!

Here are some things to look for when trying to decide on the best card for your needs.
  • No interest/low interest - As a student you will probably want to try and reduce your payments. Many card issuers now offer interest free cards for students and this can save you quite a bit of money! It is important to remember that the introductory interest free period will usually expire in about six months.
  • No fees/Low Fees - Finding a card with no fees is another way to reduce the amount of money you are spending. Most financial institutions have a no or low fee credit card option.
  • Rewards Program - Money will usually be tight for students so it is a great idea to find a card that gives you rewards points for every dollar you spend. These rewards may come in the form of a free gift (of your choice), concert tickets, holidays, airline points or even cash back. Some companies even reward you for a good GPA and paying your monthly statement on time!
If you follow this guide and choose a card with the following features you can be sure you are getting the best student credit card for your needs. Always choose carefully though, because it will help you make it through college life and build your credit history at the same time!

Find and compare the BEST student credit cards at www.topcreditcardsonline.com

Thank you for reading and good luck...

Friday, 13 January 2012

College Student Credit Cards With Bad Credit

It's not uncommon to see bad credit among college students. In fact, it's actually quite common among over half the college population today. Just because you have bad credit doesn't mean you can't get a student credit card. There many things you can do to get a card in order to fix your bad credit. If you're like most students they have a credit, you're going to learn your lesson and use the car how it should be used.

How do I find a bad credit collage student card?

The first thing you're going to want to do is look for a card that limits your credit history. The reason you want a card that will limit your credit history is because they're not going to go more in depth with your past. When you're a student, you're most likely going to have 3 to 4 years of a credit history. This doesn't mean you still can't apply for a card that is designed for college kids.

A lot of the times you'll run into when looking for a student card that is designed for kids with bad credit is that there's going to be an annual fee. If your main concern is that you don't want to pay a fee, it's going to be awfully hard to find a card like that because of your history.

In the end, you're going to find a card but if you can't find a card that is designed for a student, you don't have to worry. I would recommend you go out there and look for either a department store base card since they are less strict with credit history or simply apply for a secured card that usually has very key approval.

Have bad credit as a college student? Find a student credit card that is designed for bad credit all at FINDcollegecards.com.

Thank you for reading, and good luck!

Free Student Credit Cards

Free Student Credit Cards : 3 Things You Need to Know About it.

There's definitely no shortage of free student credit cards, but does "free" really mean "free" in the world of student credit cards? You're in college now and if you haven't learned this life lesson already, it's about time you did -- there is no such thing as a free ride, a free lunch, or free student credit cards. Here are three things to keep in mind when applying for a student credit card and putting it to use.

1. Why Aren't They Free?

So why aren't free student credit cards really free? Because if you run a balance each month, you have to pay for it in the form of interest.

It's very easy to spend more than you realize when you first get a student credit card. If you can't pay your bill in full at the end of the month, you're going to pay interest and over time, that interest can really add up.

2. What You Charge Now May Haunt You Later

If you run up a big bill on your free student credit cards, it may haunt you later on in life -- especially if you can't pay your bills on time due to the amount of debt you've gotten yourself into.

Say you quickly max out all of your free student credit cards and you make quite a few late payments. A few months later you decide you want to rent an apartment and you're ready to sign the lease. One problem -- you didn't qualify due to your credit problems.

It can and does happen. Any mistakes you make with your free student credit cards can prevent you from getting a car or even a house or apartment later on in life.

3. It's Not All Bad

While it's true that free student credit cards do have potential pitfalls, they do have their benefits. You do need a credit card to start building your financial future. It's just a matter of using it wisely.

Remember, charge only what you can pay off at the end of the month (except in the case of an emergency) and pay each and every bill on time.

If you absolutely cannot pay off your entire balance at the end of the month (and you should), reserve at least 30% of your credit balance if you can. Credit bureaus are interested in how much available credit you have. Use it all up and your credit score will drop.

By managing your free student credit cards in a responsible manner, you'll be well on your way to building a sound financial future and creating a solid credit history.

Thank you for reading and good luck...

Thursday, 12 January 2012

Student Credit Cards 101

Student Credit Card Applications 101. You're in college, and you're out to set up your credit future. You want to find a card that will not only build your credit history, but give you rewards, and make you feel good inside. That's great, and if you're looking for a card right now, I want you to take my little 101 class before you set out, and start attacking those applications online, because, sadly, many can mislead you.

Read the fine print: Many students don't do this. They see "0%" and "Rewards", and they sign up. They don't read the fine print to find out that the 0% lasts for 3 months, and you don't get rewards until you spend $5,000. Welcome to the wonderful world of getting you to sign up. You're not going to run out, and just purchase a house really quick, are you? Of course not! Read those tiny letters, and words, because they are there for a reason.

Know what you want: What do you want in a credit card? Before you start even searching, grab a pen, and write down what you need. Do you care about rewards? I would. Do you want a good interest rate? I don't, because remember, if you pay off in full, you don't owe on interest. It's a win-win for you. List the rewards you'd like, as well as what you'd like to see in your wallet.

Applying for a card isn't all that hard. As long as you can write down what you want, and know what you want, you should be able to find the perfect student card for your wallet.

Find a student card application findcollegecards.com.

Thank you for reading and good luck...

Wednesday, 11 January 2012

Chase Student Credit Cards

The Benefits Of The Chase Credit Card. Chase is among the leading providers of prepaid credit cards in the world at the moment. The company prides itself in making it easy for its customers to perform various transactions. There are several kinds of cards being offered by Chase, all tailored to suit the different needs of the company's numerous customers.

One of the most widely used Chase cards is the main purpose Chase prepaid credit card. This card can be used by the holder to complete almost any transaction, in the shortest time possible. It main focus is cost effectiveness and the reduction of paper usage. The other credit cards on offer from Chase bank include the Chase student or university card, the various Chase rebate cards, the Chase employee incentive card and the Chase payroll card.

The Chase payroll card is one of the more widely used card offered by Chase. This card has many advantages and can help the holders keep track of their expenditures and hence reduce unnecessary expenses. The rebate card is the most advanced credit card from Chase. The Chase student card is specially tailored to meet the needs of students. This card comes with special benefits and students can even have their college name printed onto the card.

Chase also offers prepaid credit cards limited to making certain types of purchases. The Chase perfect card is a fine example. With this card, the holder can pay for all gasoline brands and get good discounts as well. The discounts are designed in such a way that the more gas you pay for using the Chase perfect card, the more the benefits.

While oil companies issue cards for use at specific gas stations, this Chase credit card is accepted in almost all refilling stations, you don't have to go driving around town looking for a gas station that would accept your card. The Chase perfect card affords the users a 6% discount on all gas purchases for the first 3 months. At the end of this period, you will now start getting a 3% discount on all fuel purchases. There is also a 1% discount on other non fuel related purchases for the entire term of this prepaid card.

Apart from these impressive discounts on fuel purchases, the Chase perfect card also comes with a special accident insurance covering up to five hundred thousand dollars. This includes a comprehensive security and purchase protection plan as well as a fully covered rental car insurance. This card also comes with an introductory promotion which can be used to transfer fund balances even during the first annual purchasing period depending on your credit score.

At the end of this introductory period, the APR (annual percentage rate) is increased from 0% to 14.25%. These rates are quite competitive with regards to other fuel credit cards. Users of Chase cards don't also have to pat with any annual fees, something many customers have come to appreciate.

In case you have been using a Chase credit card for a long time, always pay your credit debt on time, Chase considers you credit-worthy and you may therefore be eligible for certain benefits, among them the Chase rewards card.

This card offers holders a 5% discount for all manners of purchases, can help you determine your spending patterns to aid you in cutting back on certain purchases. With this rewards card, high credit individuals can access special lounges at airports and receive VIP treatment in numerous places. There also are entertainment and dining discounts, special signup bonuses and special discounts at fuel stations and groceries.

Chase being a leader in the prepaid credit cards industry offers a high quality services to its customers. The company also possesses numerous branches and ATMs to help uses withdraw cash wherever they are. With the chase credit card, you have at your disposal one of the best support systems in the credit card industry. If you are looking to start using any of these credit cards, you can find more information from www.credit-land.com

Thank you for reading and good luck...

High School Student Credit Cards

What you should know about students credit cards. Credit cards are confusing when you're not used to how they work and who's eligible for them and a popular topic among young kids applying for cards is if there are cards actually designed for high school students. While there are exceptions, there are cards actually built for a high school student. I'll show you exactly how you can get one and what you have to do to get one.

The first thing that you want to be sure of is that you're at least 18 years of age. If you're under this age, you're not going to be able to get your own card. You can always use your parent's card but this will defeat the purpose of signing up for your own card and building your own credit. While most parents won't allow their kids to use their card (I don't blame them), some do but you as I already said, you won't want to do this because of the responsibility and building your own credit.

What kind of card do I apply for?

If you're 18, I'm hoping you're a senior in high school. If you plan on attending college in the fall, you'll be eligible for a student credit card. These cards are designed for those that are going to college. In order to get a card like this, you will have to verify your college address as well as the college itself. As long as it's an accredited college and it's legit, you won't have a problem getting a card like this.

If you're not going to attend college or you don't know yet, you will probably want to head for a regular credit card. When you look at the major card companies, make sure that you get a card that only requires a limited credit history. You'll be able to find out about this when you fill out the application. On the application or the page before you get onto the application, it will usually tell you exactly what kind of credit history you will need.

If you find that you can't get a regular credit card, there are other alternatives that you can take in order to start building your credit. High school kids have had luck with getting a department store card, a secured card and even a prepaid card. While some of these cards will have higher fees, I would recommend that you look into finding that regular card first because they won't have any fees at all. Remember, sooner or later you'll be able to find a card that will suit your needs and this is why it's important that you should go to college because college students will have an easier time getting a credit card compared to those not attending college.

Credit cards are great to build your credit history so that you can build your credit score and get loans in the future but you just have to remember a few things before you use your card. Always pay it off in time and never spend above your head. If you can do this, you'll be 100% fine.

If you're a high school student looking for a student credit card, try www.FINDcollegecards.com, where you can find more of Tom's work.

Thank you for reading and good luck...

Tuesday, 10 January 2012

Student Credit Card Reviews

Student Credit Card Review : Chase +1 Student MasterCard Credit Card.

Building a credit history is not a one-night process. It often takes a lot of time and patience. People with excellent credit have proven themselves to be risk worthy for creditors. Nobody starts with excellent credit rating. That means that most people don't get the best credit cards with the best rates as their first credit card. The goal at first should be to build a great credit history and not necessarily receive the best APR in the market.

Chase +1 Student Mastercard is specifically designed for people with little or no credit history. If you are a college student with no credit history, you will need a card that will allow you to build your credit fast. Chase +1 allows you to do that by providing a generous credit line and no annual fee. Chase +1 Mastercard comes with an introductory rate of 0% for 3 month on purchases. But after the introductory period, the rate increases to 14.99% and could go as high as 19.99%. So the card is not designed to park large balances. Chase +1 card is a great credit-building tool if you pay your balances in full.

Chase +1 is unique in providing tips and tools to help cardholders master the art of building a great credit history. You earn Karma for paying on time and taking quizzes and you can apply your Karma point towards gifts or a great cause. Unlike many other no-credit credit cards, Chase +1 comes with standard features such as account management, Chase mobile, and no annual fee. In addition, you can transfer your high interest rate balances to this card. However, Chase +1 does come with relatively high transfer rates, which means you shouldn't use this card as a balance transfer card.

Chase +1 student credit card provides students with the perfect opportunity to build a great credit history. Everyone has to start from somewhere, but Chase +1 does not come with any notable fees. In addition, you can learn from the training tools provided by Chase to learn the art of building a good credit. Overall, Chase +1 student card is a great credit card that people with no credit can use as a stepping-stone towards getting better more reward rich credit cards in the future.

Compare Chase +1 and other student credit cards on Intellicreditcards.com. Intellicreditcards is a smart credit card search engine designed to help you find the right credit card that fits your needs.

Thank you for reading and good luck...

Student Credit Card Offers

Student Credit Card Offers - What You Should Know About it.

Having no credit can make it very difficult to get a loan from a bank. You may also find it difficult to secure a student loan in order to attend college. These are just some of the problems that you will experience without having a credit history.

You will find it difficult to rent an apartment and even find employment. This is why it is very important that you begin to build your credit with a credit card. The student credit card offers that are available to you can help you with this process.

All you need to do is compare the many offers that are designed for students. These cards don't require that you have a credit history. They can help you to build a positive credit history by making payments on time.

There are several different choices that would be ideal for a student. Some of these cards will offer you cash back and others will offer reward points. There are also credit cards that provide you with the ability to automatically redeem your points when you reach the appropriate level. This means you can get more of the things you love without the work.

Take advantage of these student credit card offers by applying for the cards that you find with the most benefits. If you are in doubt, it would be a good idea to submit a couple of applications and keep the cards that you are approved for.

You will be able to use the rewards that they offer in order to benefit you in the future. You can use a credit card to charge your tuition, even if you already have the money, and then pay the card in full when the bill comes. Taking this approach will help you to get the miles you need for a free vacation. While other students are saving for a vacation during the spring, you will be able to take one for free.

Every student should have a card available to them. This can help you to go shopping and buy books for your classes. However, it is important that you be sure to pay the balance off on time. This will help you to build a positive credit history. With the student credit card offers you take advantage of, you can start working toward showing the banks that you are financially responsible.

The reward for this responsibility can be cash back or free miles and a positive credit history. This history will help you to secure more affordable loans and save money. Apply for these cards now and you will be enjoying the rewards in no time at all.

Credit cards offer at www.creditcardcandor.com

Thank you for reading and good luck..

Monday, 9 January 2012

Student Credit Cards With Bad Credit

Credit Card for Students or Bad Credit Applicants.

Credit cards for students is an American way of life. The estimated percentage of households that utilize a credit card of some kind is determined to be eighty five percent. Listed below are some of the major pluses for utilizing a credit card.

Handiness ; this is undoubtedly and most obviously the best advantage for using any kind of student credit card. Reason is there no need for digging around for cash or a last minute race to the bank before closing. It's just oh so quick and easy to hand the clerk plastic. No hassle, quick and easy - something every student out there is looking for. A huge percentage of retailers in America accept some sort of card.

Credit Score - Using a credit card according to the terms of use will definitely help with future credit. Things you'll want and need at a later time in life; things such as buying a home, car or gain a larger credit limit. Every month your credit report is updated with payments that are made. Banks and lending institutions view your credit history every month and look at reports to see that you're staying with-in the guidelines of the terms of use set down by the lending companies or bank. This will go a long way in determining your credit score, paying off the balance each month is paramount for building a good credit score.

Monthly Budget - Having a budget is vital and will be extremely helpful in maintaining your budget. The issuer will send monthly statements that will show all your charges for an assigned monthly time frame. In most cases you can choose the cut off time that best fits your cash flow. You can really use this to your advantage. If used wisely you can realize an extra 30 days before an item you purchase is due for payment.

Protection ; another excellent reason for using credit card; if stolen you'll only be responsible for the first fifty dollars. However if reported stolen with-in the first 24 to 48 hours there will not be a charge of any kind. Once the card is stolen a replacement card can be in your hands within 48 hours and at most a week. Unlike when cash is stolen you have no recourse and issuing new cash is not an option. You'll need to check with the bank to get an explanation of the terms.

Other ways student credit cards can offer protection is with merchants who will not honor a refund request. It's extremely easy to dispute the cash transaction if you paid by cash. On the other hand when using a credit card there is a paper trail and indisputable proof of purchase. There are many advantages to having a card that can and will give you piece of mind. The most important thing you can take from this guide is use it responsibly and enjoy the many benefits a student card has to offer you.

If you have any questions about or would like to receive a guaranteed application acceptance, we have customer service reps available 24-7 go to: www.creditcardsolutionsnow.com

Thank you for reading and good luck...

Student Credit Cards

Student Credit Cards Can Make Life for the Student Much Easier. There is a school of thought which states that a credit card is not a good thing in the hands of the young, and especially a college student. But, in general, students have proven to have a firm grasp on the need to manage finances properly. So, student credit cards are a useful tool for the college goer.

In fact, they are much more than just useful, with the availability of credit cards for students allowing those in college to meet their bill payments and living expenses. As is the case with student loans, card companies are willing to give students a break to help them on their way.

There is method in this apparent madness, with those students approved for a credit card having to meet certain criteria before being given the thumbs up. These criteria are not out of the ordinary, of course, but card issuers gain some confidence through them that a debt will not be built up and unpaid.

Key Criteria

None of the criteria set when issuing student cards are surprising. It is simply that there is some security or certainty that the cards can be repaid. It would seem that students would not be considered ideal applicants for this very reason, with any employment being part time at the very best, and salaries therefore very low.

However, cosigners are the logical solution. With a cosigner that has a good credit score, and a provable income, credit cards for students become a very plausible option. The student may be expected to make the repayments, but the cosigner takes over the responsibility in the event that a payment is not made. In this way, students approved for a credit card are not such a major lending risk.

Zero Interest for 6 Months

A major benefit for students is the availability of zero percent interest for the first 6 months. Card companies know that students need a little time to settle into college life, and offering student credit cards with no interest to pay on purchases allows them a little space. Of course, it is also great marketing.

However, it is important that the details are known on any such agreement, so read the small print. For example, the interest rate after the first 6 months could be higher by agreeing to the offer, making such credit cards for students more expensive in the long run.

Nevertheless, it is generally believed that students approved for a credit card slow down in their use of it once the initial settling in period is over. Therefore, the large charges should be well under control after the initial period.

Important Terms to Seek

Of course, student credit cards are extremely useful but the specific terms of the credit agreement is crucial. Getting a zero APR is great, but what really matters is what the APR will be in the long term. So finding the right terms is vital to securing the right cards for students with or without a cosigner.

What this means is that some serious searching needs to be done before any agreement is signed up to. Rarely do students approved for a credit card have any credit history of their own. Which means they are considered equal to applicants with bad credit. Different companies will offer different rates, and also different credit limits, so getting a good rate is possible, especially online.

Sensible Use

The bottom line in managing a credit card, whether in college or out in the real world, is to only use them sensibly. In terms of student credit cards, this means using it to buy groceries, pay utility bills and cover any sudden expenses that may come along. It should not be used for socializing, financing weekend trips or buying concert tickets.

Donna Hammond is the author of this article. For more information about Bad Credit Unsecured Loan and Mortgages for Bad Credit please visit her website at QuickBadCreditLoans.com

Thank you for reading and good luck...

Sunday, 8 January 2012

Student Credit Cards Instant Approval

The credit card laws are tougher now and if you're looking to find a student credit card, you're going to find that it's going to be even harder. When you're on the hunt to find one, you're going to want to make sure that you can meet the following minimum requirements.
  • Have a job and you're going to have to be able to prove your income. In the past, anyone could apply, and get accepted.
  • If you don't have a job, you must be over the age of 21.
The key here is as long as you're over the age of 21, or you have a job, you won't have a hard time find a card.

How can I find an instant approval credit card for college?

Most cards online will always state if they give you instant approval online. What you're going to find out is that the cards designed for those with better credit, are going to be ones that can tell you on the spot if you're going to get the card, or not.

When you're looking to apply, just check the application to see how long the approval process is. If it's quite confusing, you can always do a Google search and see what other students have to say about the process. Each and every credit card company is going to vary, so it's wise to know what you're doing.

Sadly, in today's economic climate, and with the new Credit ACT laws, you're going to soon find out that getting a card isn't as easy as you think. Sure, you can still apply for the card, but just make sure that you meet the minimum requirements before doing so.

Find the top instant approval student credit card that's going to work for you during college. Compare rates, rewards, and more at FindCollegeCards.com.

Prepaid Debit Cards

A prepaid debit card is a new form of plastic. With these cards you must first deposit money in your account before you can use your card to make purchases.

You will be issued your card as either a Visa or MasterCard. It can be used to make purchases online, over the phone, and even overseas. It will be accepted at millions of locations world wide.

In addition your card will give you the power to pay for gas at the pump, reserve a hotel room, rent a car, book travel reservations … And your money will be protected. Should your card ever be stolen or even just lost you will not be responsible for unauthorized use. (We strongly encourage you to report your card lost or stolen as soon as possible)

Most prepaid debit cards will provide you with free direct deposit. This according to the experts will save individuals that are paying check cashing fees upwards of $400 annually! That is an exorbitant amount of money to pay in fees!

You will also be given access to an online bill payment center. This will give you the convenience of paying bills with the a couple clicks of your mouse! You can set up one time payments, recurring payments, and even future payments. The best cards will give this to you without charge; however we have seen some offers charge you up to $1.00 every time you use this feature.

Best of all with these cards everyone is approved. There is no credit check or chexsystems check.

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