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The much anticipated college life begins with the challenge of living on your own. The previously spoon fed utilities provided by the guardians, flip side and fall in to the category of expenses. Managing resources becomes a crucial demand of successful survival. The previous generation of undergraduates sufficed this requirement with ordinary credit cards. Those credit cards had not been designed to facilitate students and followed the same measures for students as for the adult credit card holders.

Fortunately the Student Credit Cards are way more targeted and unburden the financial load of student life. These cards are specialized to meet the demands of a student in charge of his/her own finances. Aimed to help the student settle down their debts after the heavy deposit of semester fees, these credit cards also inculcate the value of proper credit division.

To encourage the spirit these cards offer a number of fringe benefits. These are mainly in the form of reduced APR and bonus points awarded for prompt payments or for confining to the assigned credit limit. Along the customary rewards, the majority of Student Credit Card holders also enjoy reimbursements, which are reaped on various expenditures most likely to incur to a student. This means that the credit card holder gains points every time he utilizes the card. These points can be redeemed with cash, which is transferred to your account as a small percentage usually 1-3 percent of your overall spending or gifts and prizes. However the prizes that are offered as redemption tend to be more exciting and could range from a complimentary mug to an airline ticket. The best part of the deal is that these cards offer points at purchases that you are already going to make and at places most anticipated to be a frequent disbursement spot for students, for example book stores, gas stations, movie theaters, super markets, drug stores and restaurants. Some credit cards even provide the opportunity of earning point via a good GPA.

Student credit cards have untangled the monetary complications of the already hectic student life. With the ease of chipping out plastic for money every time an expanse is at door-ranging from a night out with friends to a pile of books for upcoming exams- supported by constant e-mail and text back up information on credit condition, the whole deranged student economy falls neatly in one piece of plastic, that is the student credit card. The on going process of improving credit, an essential for standing eligible to the executive credit cards in future, can start as soon as you attain a student credit card which is a simple procedure.

However it is important to understand that at the end of the day you are still liable for the spending. The credit card doesn’t release you from the duty to pay for what you purchase. It liberates the burden of having cash on yourself around the clock and enables you to enjoy a swift expenditure cycle throughout the month but out doing your credit limit and paying late does instigate a fee and increased APR. Student credit cards indeed revolutionize the experience of college life and the newly found freedom provided if handled with prudence. See also, student credit cards.

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