I am a college student and want to know if I should apply for a college credit card or just apply for the regular ones. Is there some extra benefits or limitations of having a college credit card as oppose to the regular ones?
2006-12-26 06:14:07 · 9 answers · asked by christina 1 in Business & Finance ➔ Credit
college cards usually have lower limits. if you qual for a regular one, that should have better rewards offers like citibank or chase cashback rewards
2006-12-26 06:21:15 · answer #1 · answered by currious 4 · 0⤊ 1⤋
the main differences of having a student credit card from having a regular one is that of the apr on purchases, cash advance and balance transfers. student cc's usually are higher and the credit limit is not as high. although i know that you are a cardholder for 2 years now, still, it is a good idea to also be aware of its pros and cons, just a refresher before you do decide on getting another one. try checking out several offers before applying for one. there are credit card offers that have low to zero introductory rates.
2016-05-23 08:14:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
As a college student watch out for all credit cards. The average college student now graduates with over $4000 in credit card debt!! This is not a good way to get ahead. Make it your goal to only spend what you make.
2006-12-26 06:21:12 · answer #3 · answered by Anonymous · 2⤊ 1⤋
Nothing. They are both bad ideas. Colleges sell their name for big money to credit card companies and sell their mailing list also. This is really low of colleges doing this just for money.
40% of bankruptcy filings are by college age kids. What a shame the schools are putting kids in this situation.
2006-12-26 08:23:23 · answer #4 · answered by iraqiwildman 2 · 0⤊ 1⤋
The only difference is that college credit cards are easier to qualify for. Generally, you have to have a certain level of income and a certain credit score in order to qualify for a credit card. The college credit card is "set up" so you can qualify for one even if you have no credit, and no income.
2006-12-26 06:20:09 · answer #5 · answered by jseah114 6 · 1⤊ 1⤋
Generally the college ones have a lower interest rate and little or no fees. because yoiu are spending money and time on school, they don't expect you to be working 40+ hrs/wk. they are usually easier to get but they also have a lower limit as opposed to the regular ones.
2006-12-26 06:24:01 · answer #6 · answered by Starry Eyes 5 · 0⤊ 1⤋
Hi,
You should apply for college credit card because you don't have credit history.College credits card normally have low APR and sometime no annual fee.You can compare and check all types of credit cards here:
http://track.acclaimnetwork.com/apn_work/scripts/sclick.php?b2s=8790&SUBID=PARAM
2006-12-27 12:14:02 · answer #7 · answered by ez-mart 2 · 0⤊ 0⤋
The difference is that they offer you a lower interest rate, because they know that you probably will max it out and not make payments on time. This means your APR will end up being 200,000 %. Watch out.
2006-12-26 06:21:51 · answer #8 · answered by johnazio 1 · 0⤊ 1⤋
The difference are college card have higher interest rates, and are easier to get
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http://www.bestcreditrates.net
2006-12-26 13:02:02 · answer #9 · answered by bijan a 2 · 0⤊ 0⤋