How Student Credit Cards Are Different to Standard Credit Cards

The financial needs of every college going students are very unique. Students require money in order to buy X-Men movie text books, paying the college fees, etc. However, there are times when the students do not have enough money to fulfill their expenditures. dolls the growing number of extra curricular activities and extra fees for additional curricular support demands a lot of resource. A student credit card is a blessing in disguise for the students as it helps them in fulfilling all their expenditures and needs. It also helps in easing some of these last minute problems.

The young college going students are now being targeted by most of the credit card companies as they are those section of population having a habit of spending a larger amount of money. The process of obtaining a student credit card is really very simple as there are no legal formalities involved in obtaining them. The students have to fill up an application form and fulfill certain requirements of the bank. One of the significant benefit of student credit is that they carry a very nominal amount of interest rates.
It is vital that the students before applying for the card must have a proper knowledge about its rules and regulations. Sometimes the student credit 1962 Topps baseball cards are mistaken as any another standard credit card, but this is absolutely fallacious. The students cannot use the SCC like any other standard cards and if they do then they are digging a hole for themselves filled with lot of problems from which it is impossible to come out.
The students must first have to understand the differences between these two categories.
The following are some of the characteristics of the student credit card:

• A student normally must not be employed for obtaining it.
• Annual fee is not charged.
• Additional charges are not charged for managing the account on the Internet.
• A witness or signatory is not required.
• It offers certain rewards such as cash back if the debts are paid on the requisite date and time.
• A least amount of Annual Percentage Value (APR) is charged.

A standard credit card is completely different from the student credit card and the students must also acquaint themselves about some of the features of standard credit card, which will give them a proper view of the differences between the two cards. The characteristics of the standard credit card are given below:

• An individual must be employed for obtaining a standard credit card.
• An annual fee is charged by the banks for using their credit card services.
• Additional charges are charged for managing the accounts online.
• A witness or a co-signer is required.
• An enormous amount of Annual Percentage Value (APR) is charged.

Ashi, is the co-author of a dedicated blog on latest happening on credit card industry romance comics http://creditcardhelpline.blogspot.com/