Why do you need Student Credit Cards

More and more often people are using credit cards to pay their bills, including rent, gas, utilities and of course their shopping, as time has changed more people simply feel safer using plastic than cash. Many credit cards offer fraud protection now, so if something does happen and their card is lost or stolen then they wont pay for it. Credit card protection is the first of the various things you want your card to offer, being safe and protected is smart. 

Parents find that they feel more secure in their children heading off to college if they have something to fall back on such as a student credit card. Parents can keep track of the monthly expenses and also know that if something does happen then their children are not stranded. It is also a good way for students and their parents to connect as they go over the do’s and don’ts. 

Student credit cards and college credit cards are specifically geared towards young adults as they leave home and take a real step towards their future. The companies that offer them know that they are trying to build a solid credit history and offer first time credit cards. They have added features to help avoid credit card debt that many other credit card offers wont. 

When you ask the question why do you need student credit cards, the answer is simple, as young adults grow they need a card that can grow with them and that is what these cards do. Many of them have a good Intro APR and then a time period that allows the user to get used to having a credit card. There are things that you can do make this transition easier, such as setting a spending limit and sticking to it. Putting money away each pay period and add in a percentage of the future APR until you have reached that amount. This will help you to become accustomed to the new rate and also teach you more money management skills. Some also use the extra money they have saved to be extra special to themselves, and even applied it towards a trip that normally they wouldn’t have been able to afford. 

Having a credit card of any form doesn’t mean that you can simply spend when you want and not face the consequences later on. It means that you are showing to yourself and the world that you can be a responsible adult.