Student credit card

Student credit cards

Company	Package Name	Standard % APR (Variable)	Balance Transfer	Balance Transfer Notes	Introductory Purchases Rate & Period	Rewards (Y/N)	Reward Notes
	Capital One Classic Card	34.9%	n/a	n/a	n/a		Free identity theft service

What are Student Credit Cards?

Student credit cards are designed with the needs of a student in mind. As a result, they offer such incentives as low minimum repayments and discount vouchers to spend in various retail outlets.

What are the benefits of Student Credit Cards?

Student credit cards do not generally incur annual fees, and they often include such services as free SMS reminders around billing time. Barclaycard student credit card customers are eligible for discounts on the Argos student essentials range, and the Halifax student credit card entitles the holder to discounts from a number of major high street retailers.

What else should I know about Student Credit Cards?

• Most student credit cards charge a greater than average level of interest. In the long-term, it’s both cheaper and more convenient to use savings or a student loan to get you through the study years.
• Banks and credit card companies have a habit of targeting students who they see as financially naive. Prove them wrong by managing your budget and spending wisely.
• In 99.9% of cases, you need to be an existing customer of the bank that provides the student credit card in order to successfully apply for it. The exception to this rule is the Barclaycard student card, which is open to everyone.

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