Best Credit Cards For College Students
If you are a college student, you probably have heard of credit cards that offer consumers great travel rewards. Perhaps you are just starting to explore the benefits of using such a card. There are so many different options that you will find yourself spoiled for choice. You will be able to use your credit card for a traveling range of benefits including air miles, hotel upgrades, and rental cars. It is important to consider how much you actually use your credit card when reviewing travel rewards credit card reviews.
Some people think that any card with cash back or rewards for shopping are the best credit cards for college students. These benefits do make shopping convenient. However, they do not pay you back the full amount you are entitled to receive for your spending. This could leave you financially hurting if you do not take the time to review your expenses and compare the money you are being given with the actual cost of your purchases.
Not every travel reward credit card for students works out well. For example, one travel rewards credit card for college students offers five percent cash back on cruises but only offers standard airline tickets. The downside is that you are limited to booking one round-trip ticket each year. You are also required to cancel or change your ticket within a specified period of time if you change your departure date.
Many people are very excited about credit cards that feature low APR rates. Low APR rates are great because they keep the monthly interest rate at a minimum. Unfortunately, low APR rates do not cover everything, especially when it comes to extended credit lines. You will have to pay interest on all your credit card purchases, even if you have the lowest APR rate.
If you are hoping to increase your credit score and get approved for a standard credit card, one way to do so is to choose travel rewards credit cards over all others. These cards are typically issued by banks that also offer a variety of other cards. In fact, many of the major banks that issue these cards also issue several other major credit cards.
One of the main benefits of these travel rewards credit cards for students is that they allow you to spend money on airfare, hotels and rental cars at a significantly discounted rate. Even if you book a flight with a discounted rate, you can still benefit from the low APR. This is because your payments will likely be offset by the savings you earn. That said, you must read the fine print carefully and make sure that you understand exactly how much money you will be charged on your bill each month.
For students studying at an Australian university, one of the best credit cards for students is the Discover it Australia journey student credit card. With this card, you get to enjoy a 0% intro APR for the first year on your purchases! You can also earn up to a 10% cash bonus on all purchases made using your card. If you have trouble managing your credit cards at times, this is definitely the card for you as it offers a range of benefits.
The next time you are looking for a travel rewards credit card, take a look at the Discover it Australia journey student card. It offers great benefits, including the ability to enjoy an introductory 0% APR while you learn more about traveling to Australia. Plus, you can earn up to a 10% cash back bonus and get free airline tickets if you use your card to book your flights. What more could you ask for?