Money is that basic essentiality that enjoys the same level of importance from well paid professionals to amateurish students who are just setting sails to their career. Easy transaction measures appear as the foremost criteria for most modern day money related matters.
People from every walks of life and ranging from every profession prefer carrying money in the form of plastic money or cheap credit cards. The cashless systems of payment and buying experiences have spurred this need for most people. While the usability features of cards can be understood from the view point of the office goers, the students undergoing studies do also face a number of advantages. This the reason why various financial institutes have already started issuing cards particularly aimed at students.
What’s in Store?
A student credit card over time can help a student to;
- Earn his or her own reward points on every transaction undertaken
- The availability of interest-free financing on a short term basis.
- A clean history of money and card transactions helps a student to avail loans in the future without much hassle.
- Insurance premiums too would get charged low.
However as it should be of mention here, just being a student of any college does not enables a person to be eligible for availing a ‘student’ card. He or she must have adequate access to income along with a clean history of monetary transactions minus the involvement of unpaid credits. Recent laws have underlined the age of ‘student’ card holders to be 21.
Moreover the user of a ‘student’ card has to pay a basic depository amount which would then count as security money. If a card user fails to pay his or her bill, the security money would then compensate for it.
Plenty to Choose From:
The cards aimed at students and available in the market are various. These cards score over each other through the offerings as well as individual features.