If you're new to the credit card world and you simply started up college or you're just searching for that particular credit card, you may think at first that you'll get a boring credit card that offers nothing for you personally. What you're going to find out is that there are plenty of credit cards out there designed for students that offer lots of rewards and options. Like most charge cards, credit card companies don't rip from the student crowd. From gas rewards in order to cash rewards, you'll be able to locate cards that fit your needs. Several differences you may see in the charge card are the slightly higher interest rate and low borrowing limit. This of course can be improved with time when you prove to the credit card issuers that you're a responsible candidate. This is actually the purpose of a credit score. Before you make an application for your credit card, you should know what type of cards that are out there that suits college students. Point Rewards SystemA m
ost of the cards you'll probably look at provide a point reward system. A popular reward system if Citi Bank's Thanks Network. The concept is fairly easy. Every dollar you spend, you'll get a point. These points then can be turned in at Citi Bank's online shop. At this virtual store, you'll have the ability to purchase just about anything. From present cards to TV's, they have everything. If you're going to apply for credit cards, you will definitely want a card that offers something such as this so you get something for the money. Cash back BonusLike the stage system, a cash back system is really a little different because you'll receive money-back instead of points. This is a pleasant system if you would rather just get a rebate instead of getting points and needing to spend them later. A cash back system really is easy. Depending on the card, you will get a particular percentage. If your rate is 1% cash return, you'll receive 1% of your total bill back like a refund. Airl
ine MilesThis type of reward is extremely rate but there are student charge cards out there that offer this kind of reward. Even though it's not that popular among university students because not that many students travel, it can be rewarding if you need to do travel a lot. This system is actually a dollar per mile deal. Every dollar spent, you will receive an airline kilometer. Most credit cards that focus on airlines are tangled up with an airliner. This means that those miles is only going to be good on that airline. Auto RewardsThis is most likely a reward that many college students can use. This type of reward offers refunds on gasoline fillips, auto maintenance, and much more. On the market today, Citi Bank offers credit cards that will actually reward you for each mile driven. This can be great should you tend to travel a lot. As you can observe from the above list, there are lots of rewards available out there. If you are going to apply for a credit card, most people
will recommend that you obtain a card that gives you rewards. It certainly is better to get something instead associated with nothing.
Tom Tessin is a good author for FINDcollegecards. com that is geared toward students buying Student Credit score Card.
View this post on my blog: http://creditcard.valuegov.com/types-of-student-credit-cards/
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