Compare Credit Cards for Students

There are so many companies offering credit cards for student, so which card do you pick? This is the time to put your researching skills to work. First on the agenda is to comparison shop. Start off by comparing a few credit cards that you want and choose the one that offers you the best deal. Don’t choose a credit card because the company offers instant approval or zero interest. Take the time to research and read the fine print before accepting any offer. A few minutes spent reading the fine print could end up saving you from running in to financial problems down the road. And if an offer sounds too good to be true, it probably is. So again, don’t get overly excited by the eye-catching bold print until you’ve taken the time to read the fine print.

Benefits of Credit Cards for Students

• No annual fee
• Cash back on eligible purchases
• No cosigner required
• Earn bonus points for having paperless statements
• Earn points for having a good GPA
• Apr reduction on purchases
• Cash bonus for direct deposit
• Free online bill pay
• Free direct deposit
• And much more

Use Credit Wisely

Did you know that college students carry a large credit card debt before graduating from college? Way before graduation, many college students have already established credit and have debts waiting to be paid. Some students have bad credit already and this is not good. So to avoid the risk of getting into debt or bad credit before graduation day, use your credit card wisely, preferably to build a good credit history. Credit cards for students if used responsibly can be a great benefit.

Managing Your Wells Fargo Student Loans:

Here you can manage everything pertaining to your Wells Fargo Student Loan, from the application process to the repayment process.

• Apply for student loans
• Manage your student loan online
• Make payments online
• Set up automatic payments
• Change personal information
• View online statements
• Defer or postpone payments online
• Consolidate your student loans

Wells Fargo College Combo Checking and Credit Card

The College Combo is designed particularly to meet the needs of busy college students, and the college credit card is a perfect way to establish and build good credit for the future.

• College credit card
• Savings, checking and CDs

Wells Fargo Education Loans for Students

Wells Fargo Educational Loans allow you to finance your education and reach your educational goals.

• Wells Fargo Collegiate Loan
• Wells Fargo Education Connection Loan
• Wells Fargo Student Loan for Parents

Wells Fargo Auto Loans

Students can simplify the car buying process by applying for a Wells Fargo car loan. Wells Fargo offers competitive rates, quick loan approvals, car buyers’ assistance and customer discounts.

• Auto refinancing
• Car loans

Wells Fargo Campus Card Program

A Wells Fargo Campus Card is an official campus ID card and a debit card combo in one. With a Wells Fargo Campus Card, you only need one card to gain access to campus facilities, use as a student ID, withdraw cash at ATMs, and make purchases at participating merchants. Any purchases made with this card will be automatically taken out from your Wells Fargo checking account that is linked to your card.

Two Different Types of Wells Fargo Campus Card Programs:

• 1. Wells Fargo Campus Check Card – This is an official campus identification card which can be used on campus as well as off campus. You can use the Wells Fargo campus check card to make internet purchases, make purchases anywhere there is a Visa debit cards logo in addition to make Wells Fargo ATM transaction.
• 2. ATM/PIN-Based Campus Card – This is also an official campus ID card which can be used on and off college campus to make PIN-based purchases and to take care of Wells Fargo ATM transactions.

With the many financial services offered by Wells Fargo, students can focus more on their education knowing that their in good hands and being confident that everything they need to reach their educational goals can be achieve with Wells Fargo financial services.

The Internet

The Internet is basically your one-stop-shop for credit card deals. You can find a credit card to suit every need on the Web. So you may want to start your search online first. However, when applying for a credit card online, make sure that you are dealing with a legitimate company you can trust and make sure the site is legit as well.

Credit Union

Credit Unions are known for offering better rates, so you might want to consider checking them out and find out what promotions on credit card they have to offer you.

Club Members

Sometimes your membership with a particular club can get you the best deal on credit cards. There are a variety of member-specific cards on the market, so see if the club you belong to have anything to offer.

Renegotiation on Your Current Credit Card – See what’s in your wallet

Many credit card companies are willing to offer special deals and incentives to retain you as a customer. Give them a call, they might drop your rate or give you added perks just to keep you as their customer.

Student Credit Card Tips

• To get the best deals on student credit cards you will need to shop around and compare various credit cards. Make sure you read through the terms and conditions to determine which card will give you the highest rewards on your purchases.
• Look for a credit card that offers a 0% introductory rate. However, be careful once the introductory expires, student credit cards charge a fairly high APR, from 12.99% and up, so choose wisely.
• College credit cards offer great advantages if you pay the balance in full every month.
• Avoid using your credit card as a supplemental student loan.

Benefits of Student Credit Card:

Credit cards for students offer many benefits in addition to providing easy access to cash and credit. They enable you to earn a variety of fun and exciting rewards on your expenditures. They also allow you to start building a good credit score (http://www.studentloaninfo.org/blog/credit-score) which is a plus. Other great features may include:

• No annual fee
• Free online account access
• Express cash
• Earn rewards points
• Transfer balances fee-free
• Free alerts
• 24/7 customer service
• And much more

Credit card companies are always changing their ‘deal of the day’, so keep your eyes open, do your research and when an opportunity to get the best student credit card deals arises, take advantage of it – don’t let it slip away!

Frugal Credit Card Use by College Students

Now some of these suggestions may seem extreme at times but all have been proven to be the one that saves many students from financial collapse. Though some of these savings may be minimal at times, they can add up to significant sums by the end of the year. Some of these suggestions include:

• Credit card Points: To encourage business, many supermarkets offer point reward programs to shoppers when they shop using their credit card. Students can target these supermarkets and make them their prime source for getting their supplies while at college. These points usually go toward some form of reward during the year. These supermarkets may also contribute a small percentage of your purchase by credit card to an account to assist in your tuition fees.
• Buy used books online: Buying used books from sites such as EBay can save student credit card users a huge sum of money each semester. These used books are usually at a small fraction of the price of a new copy. Your credit card is one of the most flexible means of making these purchases online.
• Buy slightly soiled clothes: No one will know if you are wearing slightly soiled clothes. Many clothing stores sell these soiled clothing at significant discounts. Armed with a credit card, students can purchase some strong high quality clothing at knock down prices that can last them for years. Students may even gain points on their credit card due to the transaction as many stores do this to clear out their stock.
• Coupon Searching: Many stores offer coupons to individuals who shop using their credit card. Product manufacturers provide these coupons as a part of their marketing strategy. Stores tie these coupons to credit card purchases as a security measure with the aim of reducing the amount of loose cash present at the store. Students can then cash in these coupons to buy their product.
• Paying off your credit card in full: Every month try to clear all purchases made with your credit card. This trick gets credit card companies to pay you to use their credit card. In addition, only charge the card with amounts you know you can pay off easily and clear your payments at least 10 days prior to the due date. If you pay your credit card bill online, each month you will also save yourself the stamp duty.

Friends what do you think about these easy credit card guidelines to save quick bucks? I know some you might not agree with us completely, in that case share your thoughts and help us with some more solutions through your comments.

Stay Tuned

Guidelines for Student Credit Cards

Discussed below are few points that will help you understand issues involved in choosing a credit card and also about its usage.

• Choose the Best Card – Choosing a card that bears your University name need not necessarily be the best card. It is common for card companies to attract with introductory low rates, please do not be deceived. Rates soar up very soon. If the card has high annual fees, it means huge burden later. Never go for it.
• Know the Card Details – Before choosing a card know what it has to offer. Adequate research is a must to get the best card. Websites like cardratings and msn’s moneycentral help you choose the right card with their expertise discussions on various cards featuring their pros and cons.

• Goodies Don’t Really Help – Cards often come with a lot of goodies. Wait! They really do not mean any benefit to you. Things like reward programs, freebies are offered just to get you trapped. Be careful these cards normally come with high interest rates, which you tend to overlook with the gifts and benefits claimed to be offered. More often, the perks offered may not be valid for the spending levels of your card.
• One at a Time Please – If you wish to juggle too many cards. Word of caution! Please do not! Your credit score will be in great danger. Opening and closing cards just to enjoy the benefits or offers leave a black mark on your card statement. Use one card at a time. Remember it is a Student Credit Card and even if you intend to open atleast give it a year’s gap.
• Read your Bill – Going through your bill really helps. To know your limit, making note of the card closing date every month, helps you monitor your expenses, not to overshoot them in a single month. Also you get to know the interest rates charged on over due payments.
• Do not Spend More – Consider using your Student Credit Card at its minimum. Use credit cards are only a learning experience at this point in time. Learning to manage your personal finances begins from here. Ideally speaking you should not spend more than 1/3rd of your eligible spending limit. Try to use the card responsibly and learn to make the best use of it.
• Say no to Cash Advances – Does your card offer cash advances? Remember it is no income for you to draw as and when you want, it is an expensive liability to be repaid. If you need money it is better to do job hunt than going for cash advances.

Hope the guidelines stated above help you understand the meaning and usage of credit cards. Please be responsible with them and learn to handle them.