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They Are All Over Campus: Student Credit Card Kiosks

They are all around campus right? These stands where they give you a frisbee or a water bottle if you sign up for a credit card. You sign up for one because it is the ultimate piece of plastic to have as a student.

Without taking a look at the details university students fill out the form without hesitation. Be careful of signing up for just any card because you may be shooting yourself in the foot from the get go financially.

Keep An Eye On The Credit Card APR

The person at the stand will tell you that the card you are signing up for has a 0 percent introductory rate. The students eat it up as if it were the 2nd coming of Christ. Once the introductory rate expires it jumps to its normal APR which if you’re not paying attention can be pretty steep for new cardholders.

These types of credit card providers are all over campus trying to woo students into getting you to sign up for a card with them not knowing the true consequence of using one.

By going online to compare credit card rates you put yourself in a much better position than other students who blindly go for freebies. The introductory APR and the ongoing APR is listed for each card along with additional details that will assist you in making the right decision during the credit card apply process.

Other Credit Card Benefits You May Not Know About

By taking your search to compare credit cards online you will have a huge list of credit cards to choose and apply for. All the details laid out for each card along with additional benefits that they may offer.

Many credit cards nowadays also have a points system or a rewards program which gives users the ability to rack up points to trade for gift certificates or other perks whenever they use their card.

Carrying Several Credit Cards?

To use these benefits strategically you can apply for more than one card and use specific cards for specific situations (one card for gas rewards and one card for airline miles). Save your credit card company contact info in your cell phone or keep it handy just in case your credit card gets stolen or becomes lost. A new card will be shipped out to you once you have notified the credit card company. You also will not be held responsible for the charges on the card made by someone else.

Specific Cards May Carry A Yearly Fee

There are also credit cards out there that charge yearly fees to its users. The cards with yearly charges may have additional benefits that set them apart from other credit cards on the market.

In most cases you may not need a card with all the additional perks being that you are a university or college student at the moment.

Don’t Overspend and Keep Track Of Your Credit Cards

Things that parents normally had to do for their sons or daughters such as booking a flight or paying for items are all done with a credit card. Now students can apply for a solid credit card and have that freedom. Once you apply for and receive your new credit card do not allow your spending to get out of control. You have got to stay disciplined in how much you spend and keep track of it.

Some people may start using their new credit line impulsively and when that happens it could lead to debt where they are unable to pay the entire balance back.

Do Not Be Late On Paying Your Credit Card Bill

Your credit history is like a report card and if you pay your credit card bill late even one time it shows a negative record on your account. With just one late payment on your credit card your APR / interest rate can double.

Keeping a pristine credit card history is vital to protecting your financial welfare. Take a look at the details of several (not just one) credit card offers, compare credit card rates and make an educated decision on the right student credit card for you.

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Orchard card bank credit cards are a popular choice among people in the US due to higher approval rate even for those people with bad credit scores. HSBC (Hong Kong and Shanghai Banking Corporation) owns and offers Orchard Credit Cards among its credit card offers.

The bank was established in 1865 to oversee the large trade booming around that time between China, India and all around Europe. Being one of the largest banks in the world and ranked within the top 10 banks in America HSBC has over 8000 branches in nearly 90 countries around the world. In terms of international trade HSBC holds a lot of experience.

There are 4 main types of Orchard card offered to customers by HSBC. If you require only a simple credit card for daily use the Orchard Bank Classic Card will suit you fine. Even those who have bad credit are able to submit applications for this card which can assist them improving their credit situation. It also has a reminder online which will help you keep track of payment deadlines so you do not miss your payments.

Orchard Bank Online Ecosmart Cards is the second type of credit card available to customers. People that are interested “green” products will prefer this credit card over others. You can help conserve the environment by signing up for online statements instead of paper- based ones. Rewards are also offered to you whenever you use the card. The rewards are green products friendly.

The third card on offer is the Orchard Bank Visa Card, which are primarily for people with bad credit and want to repair their reports to get higher marks. Once you start paying your credit debts on time, credit reporting bureaus will start improving your credit reports because they are automatically supplied your debt payment status every month.

If you don’t have a credit status or have been blacklisted as a result of bad credit behavior then the Orchard MasterCard is just designed for you. To secure your card you may need a small deposit but they offer higher approval rates than most credit cards on the market.

The application process to Orchard Bank is catered to the individual in that they will choose the best credit card for each credit card application submitted to them. You will be presented with Orchard Bank’s suggested Orchard credit card of theirs along with their terms and conditions for it. If you accept those conditions you will be well on your way to completion of an approval for an Orchard Bank Card.

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There are those out there that are a little weary about credit cards and their usage. People have had negative experiences with the usage of their credit card while others have really enjoyed the perks that they receive. For university or college students having a credit card is incredibly convenient and may be a necessity when making payments for certain items. Here are some details to look for.

Low APR Credit Cards:

There are a variety of options out there but you should consider low APR credit cards as a necessity. In terms of a student credit card, an Annual Percentage Rate of under 16% is a great rate for those applying for a brand new credit card for the first time. If you end up getting a higher rate on your credit card make sure you are paying off your bill each month to avoid high interest rate charges. Always compare the APR that is being offered to your from multiple credit cards if possible.

Compare Credit Cards & Fees:

Each credit card issuer will have specific fees affiliated to each card. Fees include: Late Payments, Annual Fees (depends on the card), Interest Fees, Increases in APR for Late Payments. Fees associated with a particular credit card must be considered alongside its APR.

Best Credit Card Rewards:

Another nice benefit of certain credit cards is the perks that go along with using them. Some credit card offers allow cash back while others allow you to rack up points to receive items and there are also airline credit cards which give you airline miles. You can consider getting a card that offers these benefits. With credit cards that offer points as a reward they can add up with each use of the card and over time you can exchange them for items within their catalog. With each dollar spent on your credit card you will receive a specific amount of points. Sometimes you’ll receive double points when you spend at specific locations.

Student Credit Card Research:

Make sure that you scrutinize each card in detail. Have an idea of what you really need in a credit card before applying. Everything becomes a lot easier when you know what type of credit card you are looking for. With your credit card application you can feel confident with your decision.

There is a market out there specifically catering to college and university students. Take the initiative to list out what you are looking for in a credit card. You will find that it is a lot of fun to use credit cards and quite a convenience to have.