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	GUIDE TO STUDENT CREDIT CARDS Learn all you need to know about student cards

GUIDE TO STUDENT CREDIT CARDS
Do you really need a credit card? The average student debt these days is estimated at around 13,500, with students having the option spreading the cost of there education as well as the cost of living expenses, iscreating a new craze for students. Without the need of having any previous credit history these student credit cards are fairly easy to get hold of. Many are also attracted by the extra features they come with such as dicounts at many retailers, low introductory rates and many more. Another great feature is the fact that you can build yourself a good credit history when used carefully, which can help if you decide that you want to get a loan or some other type of credit in the future. Why do banks offer students credit cards? You may ask why are banks offering students credit cards when normally if you wish to apply for a credit card you would need at least a good credit rating, so why are students getting these cards when they have no credit rating. The fact is simple really, they're taking a gamble.You see the average graduate would be expected to earn somewhere in the region of £150,000 more than the average person. So because they expect them to change bank accounts and more credit cards in the future the banks and other financial institions try to attract student to signing up with them early.They are just taking a risk on the chance that you decide to stay with them in the future. The benefits and drawbacks to a student credit card The biggest focus that these providers are keen on is making money from your custom by charging you interest charges on your balance, and the rates will be at higher rates than the average credit card. But this is fair enough when you you take into account the risk that they are taking with you. This is why they offer extra features for you for signing you gain great extras but lose out on the interst rates. The main you should concentrate on is making sure you pay off your balance in full every month. You should always shop about for your credit cards don't just go with the card that is offered with your account as this might not be the best deal for you. Although these cards are mainly aimed at attracting students its worth taking the time to compare credit cards on the market. There are someer that do not require a minimum regular income and you may also find that you earn enough working part time and during holidays to qualify so it's important to check out all the options, not just those aimed at students. Which Student Card Offers The best Overall Value For Money This is a very common question and there is no answer we can give as this depends entirly on your personal preferences. If your looking for a card that offers great discounts and retailer benefits then the barclaycard student card would most likely suit you. If you would like a credit that will help build you a nice credit rating increasing your chance of getting a big loan ormortgage in the future then the Vanquis credit card offers you the chance to do so. There many other great offers from some of the other leading UK providers such as Natwest and Royal Bank Of Scotland these providers offer great saving s at many retailers as well as some travel benefits.

GUIDE TO STUDENT CREDIT CARDS

Do you really need a credit card?
The average student debt these days is estimated at around 13,500, with students having the option spreading the cost of there education as well as the cost of living expenses, iscreating a new craze for students. Without the need of having any previous credit history these student credit cards are fairly easy to get hold of. Many are also attracted by the extra features they come with such as dicounts at many retailers, low introductory rates and many more. Another great feature is the fact that you can build yourself a good credit history when used carefully, which can help if you decide that you want to get a loan or some other type of credit in the future.

Why do banks offer students credit cards?
You may ask why are banks offering students credit cards when normally if you wish to apply for a credit card you would need at least a good credit rating, so why are students getting these cards when they have no credit rating. The fact is simple really, they're taking a gamble.You see the average graduate would be expected to earn somewhere in the region of £150,000 more than the average person. So because they expect them to change bank accounts and more credit cards in the future the banks and other financial institions try to attract student to signing up with them early.They are just taking a risk on the chance that you decide to stay with them in the future.

The benefits and drawbacks to a student credit card
The biggest focus that these providers are keen on is making money from your custom by charging you interest charges on your balance, and the rates will be at higher rates than the average credit card. But this is fair enough when you you take into account the risk that they are taking with you. This is why they offer extra features for you for signing you gain great extras but lose out on the interst rates. The main you should concentrate on is making sure you pay off your balance in full every month.

You should always shop about for your credit cards don't just go with the card that is offered with your account as this might not be the best deal for you. Although these cards are mainly aimed at attracting students its worth taking the time to compare credit cards on the market. There are someer that do not require a minimum regular income and you may also find that you earn enough working part time and during holidays to qualify so it's important to check out all the options, not just those aimed at students.

Which Student Card Offers The best Overall Value For Money
This is a very common question and there is no answer we can give as this depends entirly on your personal preferences. If your looking for a card that offers great discounts and retailer benefits then the barclaycard student card would most likely suit you. If you would like a credit that will help build you a nice credit rating increasing your chance of getting a big loan ormortgage in the future then the Vanquis credit card offers you the chance to do so. There many other great offers from some of the other leading UK providers such as Natwest and Royal Bank Of Scotland these providers offer great saving s at many retailers as well as some travel benefits.

GUIDE TO STUDENT CREDIT CARDS
Learn all you need to know about student cards

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