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What you need to know about student credit cards



NEW YORK – December 10, 2021 – (Newswire.com)

iQuanti: Many students have little or no credit or score history. If you fall into this category, you might be wondering how to get a credit card to start building credit when you don’t have one.

This is where student credit cards come in. These cards are similar to regular credit cards, but with lower limits and easier chances of approval. Read on to find out what student credit cards are in more detail and how to get credit cards for students.

What is a student credit card?

Student credit cards are designed to help students begin to build their credit score and history. They tend to be easier to obtain than other credit cards because most applicants will not have a lot of credit to work with.

Student credit cards tend to have lower credit limits than other cards, but many allow you to earn Cash Back on purchases. Ultimately, these credit cards provide you with a great opportunity to make timely monthly payments to increase your credit while you are a student. By the time you graduate, you may be able to qualify for more advanced credit products.

How to get a credit card as a student

Confused About How To Get A Student Credit Card? Here are a few tips :

Look for the right cards

Do your research on credit cards that are marketed as student cards. You can often do a quick internet search to find many options. Next, make a list of potential cards so you can track your options. Ideally, find credit cards that offer good rewards. These types of cards can help you when you are on a student budget.

Be pre-qualified

You don’t want to apply to all the cards on your list. This will lead you to rack up some tough inquiries which can damage your credit and hamper your ability to get future cards.

Instead, get prequalified from credit card issuers first. This process involves giving issuers some basic personal information. The credit card company then provides you with an estimate of the terms for which you are likely to qualify. You will only undergo a gentle investigation, so that your credit score will not be damaged. From there you can choose the card with the best terms and apply.

Consider finding a job

Without credit, lenders can look at your income to determine the likelihood of you paying your credit card bill. So, getting a part-time job in college can help you qualify for more card deals.

Find a co-signer

A co-signer is a trusted friend, relative or family member who signs their name on the card with you. By signing up, they agree to pay your credit card bill if you are unable to pay. Having a co-signer can increase your chances of getting a credit card approved, as it can make the credit card issuer more lenient when making an approval decision.

Build Your Credit With Student Credit Cards

The sooner you start working on your credit score, the better – and this is what makes student credit cards great potential tools for students. Plus, you can learn how to use credit cards wisely to maximize rewards and avoid debt.

Just make sure you do your research and get prequalified for a few offers. Follow this process and you can get a head start on your credit journey.

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What you need to know about student credit cards