However, some banks now opt for a free student credit card .
Credit cards with no or low annual fee
The credit cards are of course not all cheap. As a beginner, you have to look carefully to see which cards give which fees. For example, for most executions, there are fees when cash is withdrawn. How high these are or what interest must be paid on the repayment should be compared in advance exactly. Looking through the jungle of fees can also be very challenging for young people, so the question arises:
The credit cards are of course not all cheap. As a beginner, you have to look carefully to see which cards give which fees. For example, for most executions, there are fees when cash is withdrawn. How high these are or what interest must be paid on the repayment should be compared in advance exactly. Looking through the jungle of fees can also be very challenging for young people, so the question arises:
Are credit cards really such a good idea for students?
For one thing, the student credit cards do not offer any real financial advantages in terms of conditions for many banks. In principle, a student carries the same risks as a normal credit card. In addition, especially young people first have to learn to deal with a financial framework. And if this is limited, this must also be taken into account. But over time, you learn to handle it. Even acquisitions must be planned long-term, if the financial scope is low. The experiences you make are certainly not detrimental to your future life.
For one thing, the student credit cards do not offer any real financial advantages in terms of conditions for many banks. In principle, a student carries the same risks as a normal credit card. In addition, especially young people first have to learn to deal with a financial framework. And if this is limited, this must also be taken into account. But over time, you learn to handle it. Even acquisitions must be planned long-term, if the financial scope is low. The experiences you make are certainly not detrimental to your future life.
Advantages of student credit cards
Nevertheless, especially when abroad when renting a car or booking hotel rooms must always be paid by credit card. Many students travel around during their studies and are simply dependent on these means of payment. Here, cards such as the CS Visa World Card, Barclaycard Visa or DKB VISA Card offer an exception. They allow students to buy and have the necessary flexibility abroad on fair terms.
Nevertheless, especially when abroad when renting a car or booking hotel rooms must always be paid by credit card. Many students travel around during their studies and are simply dependent on these means of payment. Here, cards such as the CS Visa World Card, Barclaycard Visa or DKB VISA Card offer an exception. They allow students to buy and have the necessary flexibility abroad on fair terms.
What do students need to look for when purchasing a credit card for students?
Anyone who chooses to use a credit card should keep an eye on the following fees and compare providers: renewal fees, overseas fees, cash collection costs directly at the ATM, and interest on installment payments. These costs are crucial, so that students with a low financial budget do not get bogged down and are already in debt after graduation.
We recommend the Barclaycard for Students , which does not require an annual fee in the first year (then 12 Euros per year) and offers a 1,000 Euro immediate credit limit. In any case: Good thinking and research sufficiently beforehand.
Anyone who chooses to use a credit card should keep an eye on the following fees and compare providers: renewal fees, overseas fees, cash collection costs directly at the ATM, and interest on installment payments. These costs are crucial, so that students with a low financial budget do not get bogged down and are already in debt after graduation.
We recommend the Barclaycard for Students , which does not require an annual fee in the first year (then 12 Euros per year) and offers a 1,000 Euro immediate credit limit. In any case: Good thinking and research sufficiently beforehand.
0 Comments
Post a Comment