Credit Cards for Students [Credit Cards]
November 25, 2007, 09:46:57

The following article addresses students who wish to have a credit card and will show the differences between available options and the requirements to apply for Student Credit Cards.

One of the options is the Bank of America Student Visa Platinum Plus Credit Card.

You will receive $25 statement credit after qualifying transactions. The bank will charge you no annual fee and there is no need for a cosigner. Bank of America offers you the ability to manage your account online with total protection features. In order to qualify for such a credit card you must be at least 18 years old, a US citizen or a permanent US resident. You will receive a series of benefits if you get a Student Visa Platinum Plus card, such as travel and emergency assistance and automatic auto rental insurance. If your card is stolen and you notify the bank, there will be a zero liability fee. Another benefit this card offers you is that you can request additional cards without any extra charge.


Another credit card option which is intended for students is the Discover Student Credit Card.

The bank will charge you with 0% interest of purchases made in the first 6 months.
You will receive a 5% Cashback bonus for some popular services you pay for with the credit card (such as travel, movie or restaurant expenses). Of all the other purchases, you will receive a 1% Cashback bonus. If you use the cashback bonus in the 70 brand name partners’ stores, you will double the Cachback bonus. The bank will charge you no annual card maintenance fee and will offer you an easy to use online account management tool. Using a Discover Student Credit Card helps you build up your credit history and there is a $0 fraud liability guarantee. The APR (annual percentage rate) for the Discover Student Credit Card is 16.99%.

Citi mtvU Platinum Select Visa Credit Card is a different type of credit card option which you can choose if you are a student.

If you use the credit card for purchases, cash advances and balance transfers in the first 6 months, the bank will perceive a 0% APR (annual percentage rate). This type of credit card offers you a ThankYou Point loyalty system. You can use the ThankYou Points to receive gift cards, attend MTV events or buy airline tickets. You earn 1ThankYou Point for every dollar you spend on purchases, 25 ThankYou points if you pay the debts on time and you do exceed the credit limit and from 200 to 2000 ThankYou Points each year if you maintain a good GPA. Spending money in bookstores, record stores, movie theatres, vide rental stores as well as restaurants will give you 5 ThankYou Points for every dollar spent in these locations. The bank does not perceive any annual fee and no balance transfer fees.
If you use this card in MTV stores (the MTV Store in NY City for example, of the MTV online store), you will get a 10% discount on entertainment and music products and merchandise.

If you are a student who needs a credit card you can see there are some options which applies specifically to a Student Credit Card that can be beneficial to you while going through school. While most student card programs are very similar you should always do the research as to which credit card will be fit your needs.

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