Student Credit Cards

hi i just needed a little advice/ help on opening up a credit card. im just opening it up to build up my credit and was wondering since i got declined from the bank should I open a credit card from a department store or just something like a student credit card? thanks

If you are anything like me, you are tired of all the “experts” telling you how to pay money for college:

Take out a loan Apply for this scholarship Fill out the FAFSA Get this grant

While I am not against getting scholarships (I have quite a few), taking out loans bites. Why go into debt when we are trying to learn something to that’s supposed to make us rich? Usually after applying for scholarships, filling out the FAFSA, and taking out loans, ends still don’t meet.

The extra money has to come from somewhere. But my parents were not able to pay the bill. So before going to the street and shaking my beggar’s cup, I tried a few things…

I worked at part-time jobs. I even have a full-time job now (CoOperative education, working in a field related to my major), alternating between work and school every other semester for three semesters. This is an option, and the extra money has helped me, but it has also delayed my graduation.

Even all this money did not satisfy my needs. I’m still going to need a house after college, right? I’d like a big-screen television, and a new entertainment system would be nice too. Where is that money going to come from? How can you pay money for college now?

So I searched on Google. I know you’ve been there… searching anyway that you can on how to earn a spare buck. Well, I believe I have found the solution.

It’s called Internet Marketing. There are websites that create their own products and allow other people to sell their products for a portion of the profits. You signup, you get a website link to drive customers to, then you get them buy from that site. If they do, you get a share of the profits. But driving people to this website can be very difficult. Google Adwords can be used to advertise your site… but it is high-risk until you have the essentials down. You can try to place high in the regular Google search rankings, but that is very difficult as well.

This is where Wealthy Affiliate comes into play. Kyle and Carson, the owners of Wealthy Affiliate, actually started off as college students like us! Now they are 26-year-old self-made millionaires. And they are teaching us how to do it. I don’t worry about money anymore – I know the skills I am learning here have the potential to earn more than my college degree will make me!

So, while my recommendations go to Wealthy Affiliate, it does take a while to get down Internet Marketing basics.



By: Timothy A Scott

If you are not unlike the majority of college graduates that are out there then you probably have a multitude of college loan debt. College students have been accumulating more and more debt than ever before over the past ten years or so, and with the rising costs of attending college this trend doesn’t look to be slowing anytime soon. To pay off this debt the majority of college students have been taking into account the variety of repayment options that have been created to make paying back college loans a much easier process. If you can’t afford your college loan repayments right off the bat then you should not hesitate to explore some of these options before you allow your loans to fall into default.

The first options you should consider involve requesting a deferment or a forbearance from your lender. Each of these can postpone when you have to start making your college loan repayments for a certain amount of time, and you are typically given a preset amount of deferment and forbearance time with each kind of student loan you take out. It is always wise to exercise your deferment time before you go ahead and request a forbearance because the interest that accrues with a forbearance is capitalized onto the principle of your loan when the period is over.

Next you should think about refinancing your college loans with a consolidation loan. This can pay off the majority of your student loans, and it will leave you with one singular monthly payment instead of having to make multiple payments. If you can qualify for a low interest rate then you can save a lot of money by consolidating your student loans, and you can also benefit from the added convenience of only having to make one single monthly payment.

Other sorts of repayment options will depend on the various types of student loans you have, and the alternative repayment options that may be available to you. The more common options that most lenders make available include interest-only repayments, income-sensitive repayments, and graduated-repayment options. These options can reduce your monthly payment by a significant margin, and to put these into effect you simply need to contact your lender and request the specific kind of repayment that you want to exercise.



By: Marcus Coleman

Parents your child is off to college and you are concerned about their financial well-being. On campus there are agents trying to get you to sign-up for a credit card for your child. You are wondering which credit card is the best one and what limits should you set. Now you need to remember your student is no longer child and very capable of making their own decisions about a credit card. Then you know again that your student might not yet be prepared to have a credit card. What a dilemma! What should you do? First relax take a couple of deep breaths and perhaps go for a cup of coffee with your child. Take time to discuss exactly what the credit card is going to be used for and when it will be needed the most. Then determine with the budget plan you already put together just exactly how much credit is going to be needed. You will discover in most cases a credit card is best used to help your child control their budget.

Now that you are planning on getting a credit card for that purpose then you can determine the type of credit card that best suits their need. There are several selections such as unsecured, secured, debit card, or a prepaid card with the logo so your student can use the card just about anywhere. You plan on putting the money out for the card or is your child going to be paying for their own line of credit? If you are planning on putting money into their account on a monthly basis then a prepaid card is the best solution and cost effective otherwise an unsecured card is the next best choice.

You are trying to get the best deal possible for your credit card and wanting to have perks included makes good sense. Credit card companies make plenty of money for the privilege of letting you use their services. This makes it very easy for them to allow you to have perks. When you do apply for a credit card look for one that offers you rewards.

One of the most popular types is when they give you air miles. Many people who travel like this perk the best. Whenever you use the credit card to buy something or buy airline tickets the credit card company will issue points to your account that you can use for airline miles. When you get enough miles to use for such a trip then all you need to do is book your flight and use your airline points instead of cash or credit card charge. Since the credit card company already has on record your travel mileage then it is very easy to get the ticket to any destination you are seeking.

The next best type of credit card is those that give you cash back for the spending of your credit card on products and services. Discovery is one of the first credit card companies that started this program but now other companies like MasterCard and Visa offer the same perks if you wish to have that type of charge card. Many people prefer actual cash back as opposed to airline mileage or points to use to buy merchandise.

The other type of perk is the point system for using your credit card. Banks are now using this system instead of the traditional give you a toaster for opening up a new bank account. This system works very well with other retail businesses as well. The idea is whenever you use your charge card to make a purchase that you will receive points. The point system usually comes with a catalog of products like suitcases, DVD players, clothes, kitchen products, and many other types of merchandise that require so many points in order to get the product. You earn your points until they add up to the amount you need to get whatever product that you like.

The credit card companies know full well that people like this type of promotions and that is why they use these perks in order to people to use their cards. The fact is they earn a lot of money from you with fees and interest rates when you use their card. The credit card companies gain even more when you constantly use your credit card. Credit card perks are really not perks at all just another method to get new users and keep the old users using the card and paying out more for fees and interest.

I have a debt with the student loans company in the UK, taken out between 2002 and 2005.
I’ve heard that if I live in a foreign country for a number of years my debt can be cancelled. Is this true? How does it work?

i recently opened a student credit card with my bank, chase, i have 0 apr untill december so i was woundering how much would my min. balance be if i but $100 dollars on it?

I’m looking around for a good credit card to help build up my credit in the next year to help for later on when buying a car, and for now when I buy a dell laptop which I need good credit for the monthly payment option.

What’s one that doesn’t cost a lot, is good for a freshmen college student, and offers the best plan.

(Note: This credit card will mainly stay in my moms freezer unless its an emergancy and I’d like to keep good credit so no cards with pricey payment plans)

thanx!
Does wachovia offer credit cards to their users of their bank or a line of credit as you say.

Recently, I applied for a CitiBank Student Credit Card. I did a lot of research, and it was by far the best credit card for students. Anyway, I was denied because I apparently have a bankruptcy and whatever else on my credit file. However, I know it is a mix-up with my credit file and my fathers, because this has happened before with TransUnion and Experian, and those two companies were more than willing to help. Now it comes down to Equifax for the CitiBank card, and they are impossible to talk to unless I pay money for a credit report. I have called many numbers for Equifax and only get a machine. Now I am getting very angry because this is impossible to resolve because I can’t talk to the people I need to. What can I do?

Where can i apply online and get a same day instant approval student credit card? ThaNKS!