Student credit card for BOFA or others?
I want a student credit card but I am still in high school. Senior, actually. In order to get a student credit card, must I be enrolled in college first or what? Cause I want to start building my credit by the time I enter school in the fall of 2008.
You don’t ‘need’ a credit card. You don’t even ‘need’ good credit if you use your money wisely. If you save up for things and pay with cash (even for a car or house… *gasp*, I know), then you’ll never need ‘good credit’.
And one of the other posts said that you need it to buy things online… but you can use your debit card.
check out here you are able to compare all major credit cards side by side on rates, fees and rewards which give you cash back, miles or gas and other items, no matter what kind of credit you have they will make sure you get the rigth credt card for you. just go under student credit cards and they will give you different choices.
Usually you have to be 18 to have a credit card of your own, student card or otherwise. In the meantime, if your parents have a credit card, you can ask if you can be added as a second cardholder on their account.
Finances are a real problem during student life. Part of it is because of day to day college expenses but the major factor is increased cost of education. Very fact, that a lot of things demand our attention during student life, budgeting is automatically not on the priority list.
Help from parents or a part time job or some tuitions could arrange the much needed money to some extent but, more and more students are now relying on a student credit card to fund their college expenses.
As the name suggests, a student credit card is specially designed for students and is very different from your regular credit card. Because it may be the first time for college students to apply for a credit card, most credit card companies designed their student credit cards to be a form of secured credit cards.
It will help a student to avoid accumulating high amounts of debt because of reckless spending. If you need groceries, or that recommended book but you don’t have the money for it, then it may be time for you to use your student credit card. It is good if you start learning good financial habits from your student life itself. Don’t use the card to pay for everything and anything. Use it judicially or it will land you in a debt to repay after the college finishes.
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