Home » Finance

The Types Of Student Credit Cards

Jun 17, 2008
If you have just started going to college and you are new to the world of credit cards or you are seeking for a specific credit card, you may presume that you will be getting an uninteresting credit card that practically offers nothing. However, these days there are several student credit cards specially designed for students, which offer many options and rewards.

Student card companies like most of the credit cards do not overcharge the student crowd. From cash rewards to gas rewards, students are able to find student credit cards that suit their requirements.

A few deviations such as a low credit limit and a high interest rate are sometimes present in student credit cards. However, these improve over time when you show the credit card organizations that you are a dependable candidate. This is the reason for a credit score.

Nevertheless, before planning to apply for a credit card, a person needs to know the different types of student credit cards available, which particularly cater to college students.

Point Rewards System And Cash Back Bonus:

Majority of student cards a person looks at provides a point reward system. Many popular banks offer this reward system. The concept is relatively simple. A person acquires a point for every dollar spent.

These points are then turned in at a particular bank's online store. At this virtual store, an individual can buy just about anything ranging from televisions to gift cards. A person planning to apply for a student credit card certainly would want a card that provides something comparable to this, so that you acquire something for your money.

A cash back system is slightly different from the point system because in this system, a student attains money back in place of points. This is a beneficial system if a person prefers receiving a refund as a substitute for points and having to splurge them later.

A cash back system is extremely easy. The individual gets a particular percentage depending on the card. If the rate is one percent cash back, then the person gets one percent of the total bill back as a reimbursement.

Airline Miles And Auto Rewards:

Although the reward of airline miles is very rare, there are several student credit cards these days, which provide this type of reward. However, since many students do not travel by air, it is not that widespread among college students.

This system is a dollar per mile deal. A person attains an airline mile for every dollar spent. Most of the student credit cards, which focus on these rewards, tie up with an airliner. This means that a person can use those miles only with that airline.

The auto rewards are very popular among college students. This type of reward provides refunds on auto maintenance, gasoline fillips and more. These student credit cards are excellent if you travel a lot by road.

Thus, there are several rewards available these days. It is advisable that people apply for student credit cards that offer maximum rewards.
About the Author
Find a student credit card and more of Tom's work at FINDcollegecards.
Rating:
Please Rate:
(Average: Not rated)
Views: 155
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources