If you are a student or about to become one, then you might be realising that the debt you will incur and the limited opportunity to work whilst studying means you will need to take out a credit card. This can be a recipe for disaster, but if you are careful with the card and pick the right package you can ease your financial troubles through university without getting into massive credit card debt.
The features and benefits
One of the best reasons to get a credit card is that you can spread the cost of your fees and payments over a period of time, leaving you with money to spare. The other advantages of student cards are that they are fairly easy to obtain. If you use your card wisely then you will build up a credit history that will help you to secure loans and mortgages more easily in later life. Student cards usually have very low rates to begin with and also offer discounts on the things students buy most, like books, CDs and clothes.
Why do banks offer these cards?
Banks offer these cards even though they know you have no regular income or means of paying the card back straight away because they are looking to the future. On average, graduates...