Student Credit Card Balance Transfers

Student credit card balance transfers provide assistance to students with debts. Student credit cards usually carry high interest rates. High rates are levied because banks want to limit their risk of loss on students who generally have no credit history or rating. Very few students actually build a good credit rating.

Many students often find it hard to pay monthly installments and interest. They, therefore, opt for student credit card balance transfers. Under these offers, their accounts are transferred to a credit card with no interest. The zero percent interest is maintained for the initial nine to twelve months, after which the rate is restored to a predefined level. Student credit card balance transfers help students save some amount of money that can be used later to pay off debts.

Student credit card balance transfers take care of not only credit card balances but also other loans and installments. These loans are transferred through balance transfer checks. However, these transfers carry a transaction fee. Transaction fees are usually charged in terms of some percentage of the transferred amount. A large balance results in a substantial transaction fee, which can be disadvantageous to students who want to transfer large balances. Some banks fix the transaction fee at $50 or $75 to attract more customers.

Though student credit card balance transfers are generally attractive because of the zero percent interest, not all accounts can be transferred. If a student has very large outstanding balances on several high-interest credit cards, it may not be possible to transfer all of them to a single low-rate card. The student can transfer only a small portion of the outstanding balances. Information booklets on student credit card balance transfers mostly highlight only the attractive side of the offers. Important terms and conditions that limit the advantages are usually printed in fine print. Students usually fail to notice this information. So, it is imperative that a student thoroughly examine the terms before taking advantage of a student credit card balance transfer.

Balance Transfers provides detailed information on Balance Transfers, Credit Card Balance Transfers, Card Credit Interest Balance Transfers, Interest Free Balance Transfers and more. Balance Transfers is affiliated with Guaranteed UK Credit Cards.

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Student Credit Cards For Beginners

College students today spend a lot and do not keep a track of their expenditures. Such students find student credit cards very helpful. They are very useful and at the same time beneficial too. Before applying for this type of credit card, consider your financial needs.

Financial institutions give these credit cards to students considering individual financial requirements. Beginner credit cardholders after finishing all the formalities with financial institutions, you can start using the credit card.

Advantages and Rules:

A person needs to have a fix job and a stable income to apply for a normal credit card. This is not the case in terms of a student credit card. As the name suggest, student credit cards are mainly for students. The amount charged on this card is always lower than the regular credit cards.

You do not to be an employed individual to apply for such credit cards. There are no annual fees charged on these credit cards. People owning such types of credit cards have an access to certain other rewards and benefits given by the financial institutions. The best part of these cards is that, they are accessible online and hence you can manage your accounts online.

Internet is the best tool to purchase a student credit card. You can gather details from your friends or relatives before buying this credit card. You need to determine your needs before selecting a particular type of card. These cards are the first step in building good credit scores, which may help you in the near future. Next, you can use these good credit scores to purchase loans.

Rules

1. These credit cards are meant for college needs only.
2. Avoid unnecessary purchases.
3. Keep a track of your expenditure.

Next, ratings offered by credit card agencies are based on the first credit card of a student. Hence, make sure they do not cancel your first credit card. Credit card companies rate students on the duration of having their cards. This helps when you apply for a new card later on. If your credit history is good, companies may offer the best deals. It is also necessary that you maintain good credit standing right from the beginning. Hence, buy affordable things and pay bills on time, as they are helpful to maintain a good credit record.

If you find any strange figures on your bill, immediately report it to the fraud department. In addition, you need to pay more than the minimum balance to accumulate lower interest rates. A credit rating is very important, as it can either save your money or make you spend money. An individual with a good credit rating will get lower interest rate compared to a person with bad credit rating.

Do not open too many accounts at one time. People who make late payment fees regularly are considered to have bad credit history. The last and important step is to close the accounts that are not in use. These small tips help in maintaining an excellent credit history and helps in getting the best benefits for beginners through these credit cards.

Tom Tessin is an author for FINDcollegecards.com that is geared toward students looking for student credit cards or get more information on our student blog

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Student Credit Card Limits

If you're looking to apply for a student credit card, there are probably some things that you want to know about that you don't know about today. One of those things that you should look into is your credit line. Why is the credit line important to you? Well this is the limit you'll have when you make transactions with your credit card. If your line is $500, you're not going to be able to spend more than $500 until you pay your card off.

When it comes to students, credit card companies realize that you have little to no financial history and that's okay. The banks are willing to gamble because they hope in the long run that you'll be a lasting customer. Just because you get a card though doesn't mean you'll have a higher limit.

Typically, a student card will have anywhere from a $250 to a $1000 credit limit. This will depend on who you go through. Each company you go through is going to offer a different limit. Not only that, your history is going to play a role in the game as well. If you have a shady history with late bills and a lot of debt, you may not even get approved. If you have a squeaky clean history, you can count on getting the limits mentioned above.

Over time, as you use your card responsibly, you'll see your credit score rise. As your credit score rises, you're going to be able to get a higher credit limit. Sometimes you have to ask for an increase and other times, they will give it to you without even asking! In the end, it's up to you to use your card responsibly. As long as you pay it off in full, a limit won't really matter.

Tom Tessin is an author for http://www.FINDcollegecards.com that is geared toward students looking for a college student credit card

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First Time Student Credit Cards

Every student on campus needs access to additional money for those monetary items not covered by grants or scholarship. Students may have a debit card that is provided by their parents who put money in the account but most students need and use a credit card. We have heard about all the credit card scares and the phobia's suffered by some because of the economy but in reality using a card by students is indisputable way of obtaining extra cash.

There is no need to cut up your plastic card only use it properly not over spending and paying on your bill in a timely manner. There are many good reasons for you to obtain a card while you are a student. A student credit card gives you protection for your purchases, allows you to shop online, and provides you a cushion in case of an emergency. You need too remember that a credit is not free money like your grants and scholarships but it is money that you are borrowing that needs to be paid back.

Your credit card comes with a finance charge on the unpaid portion of your bill each month. You do need to be careful that this interest rate is not too high as some can be as much as 25%. Many times a company may charge you a yearly membership fee that ranges from $20 to $100 annually. Then of course there is a late payment fee which might cause your interest rate to increase if you are late often. You need to make sure that you are making payments in a timely manner and if possible early.

Tom Tessin is an author for FINDcollegecards.com that is geared toward students looking for a student credit card

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