Category Archives: Credit Cards

Student Credit Cards FAQ

Student credit cards can be a great way to start a student down the path of financial independence and becoming a responsible adult. Many parents of students decide to open up credit card accounts for their children or to add them to their own personal accounts. But, another great option is to help the young adult get his or her own personal student credit card.

Why Should I Get a Student Credit Card?

Since a student credit card is in the young adult’s name, it helps to start building credit. The longer a person’s credit history, the better his or her credit score. Therefore, the earlier a person can start building that credit history, the better. Conversely, college student with access to his or her parent’s account can adversely affect the parent’s credit rating if large debts are accumulated. So, not only do credit cards for college students help them build a credit history and learn financial responsibility, it also protects the parents.

Why do Credit Card Companies Offer Special Student Credit Cards?

Obtaining your first credit card can be difficult, particularly if you want to get a decent APR. Credit card companies realize the value of a college education and assume that a student with limited credit history is more likely to responsible with paying back credit card debt than a person who is not working toward a solid future. In addition, student credit cards are a great investment for credit card companies because many people tend to feel a sense of loyalty toward their first credit card. Therefore, credit card companies are hoping to establish a long term relationship with students by being their first card.

Do Student Credit Cards Have Benefits?

Besides the inherent benefits of teaching the student responsibility, many do have additional benefits. Some do have rewards programs and cash back programs. Yet others provide discounts in places that are meaningful to students, such as bookstores. Not all credit cards for college students have these benefits, however, so it is important to compare all of the cards closely before deciding which one you want.

What are the Different Kinds of Student Credit Cards?

When it comes to credit cards for college students, you have two main options: secured or unsecured. Secured credit cards for college students are ones that money is paid up front in order to use, which makes these cards more like debit cards. Many college students and their parents prefer this type of card because it is still in the student’s name, it is reported to the credit bureaus, and the parents can provide the young adult with a regular “allowance.” In addition, there is no chance of building up a terrible debt with a secured credit card because a line of credit is not extended.

Unsecured student credit cards are like traditional credit cards in that a line of credit is extended to the student. These cards offer more freedom because payments do not have to be made up front. They are also convenient for the college student if he or she requires loans to help get through school. On the other hand, these student credit cards need to be monitored closely to ensure the student does not get into a debt that is impossible to overcome.

Are There Any Differences Between Student Credit Cards and Traditional Cards?

Sometimes, a guardian needs to co-sign for a student credit card, which is not the case with traditional credit cards. In addition, student credit cards generally offer a lower credit limit than other cards. Often, these credit limits can be as low as just $ 500 or $ 1,00. Student credit cards also can have higher interest rates than traditional credit cards, though not necessarily higher than the APRs on other credit cards geared toward those with a limited credit history.

For more on student credit cards, Robert Alan recommends that you visit CreditCardAssist.com.

Instant Approval Credit Cards – Frequently Asked Questions

Instant approval credit cards online are becoming increasingly popular among consumers. In a fast-paced society, the speed of an instant approval credit card is sought after by many individuals. But, it is important to understand as much as you can about instant approval credit cards before you choose to apply for one.

What are Instant Approval Credit Cards?

Instant approval credit cards are those that can be approved within a matter of seconds. To qualify for one of these instant approval credit cards, online applications are completed on a secure website. Using the information gained from the application, the credit card company can determine instantly if you qualify for a credit card.

Am I Guaranteed to Get an Instant Approval Credit Card?

No. Instant approval credit cards are not secured credit cards. Therefore, they still need to look at your credit history in order to determine whether or not you qualify for a credit card. If you have a poor credit history, you may be turned down for an instant approval credit card. Whether or not you receive credit approval depends on the guidelines followed by the credit card company and your personal credit history.

Can I Still Be Approved, Even if it’s Not Instant?

Yes. Instant approval credit cards sometimes need more information than what can be gained instantly in order to decide if they will approve your application. In this case, they will send you a notification letting you know that your application is being reviewed further. In this case, you will generally still know whether or not you have been approved for the credit card within a week or two, which is still much faster than non-instant approval credit cards.

Can I Start Spending Immediately?

No. Although instant approval credit cards can tell you within seconds whether or not you have been approved for an instant approval credit card online, you will have to wait to physically receive the credit card before you can start using it. Usually, your instant approval credit card will arrive to you within a couple of weeks, which is still much faster than traditional credit card application that typically take six to eight weeks.

Are There Any Differences in the Way Instant Approval Credit Cards Look?

No. Instant approval credit cards look the same as any other credit card. No one but you will know it was an instant approval credit card.

Are There Any Drawbacks to Instant Approval Credit Cards?

Maybe. Some instant approval credit cards do assess a processing fee for the convenience of receiving instant approval. If this concerns you, shop around for an instant approval credit card that does not assess these fees. There are plenty of options available. Furthermore, you might want to reconsider applying for an instant approval credit card if you do not have a need to get the card right away. If you can wait to receive the card, it better to apply for a traditional credit card in order to avoid paying unnecessary fees.

Do Instant Approval Credit Cards Have the Same Benefits as Other Credit Cards?

Yes. No two credit cards, whether they are instant approval credit cards or traditional credit cards, are the same. Therefore, they do not always include benefits such as travel insurance, purchase protection, and extended warranty coverage. Nonetheless, there are plenty of instant approval credit cards available with desirable benefits such as those found on traditional credit cards.

Can I Participate in a Special Rewards Program with Instant Approval Credit Cards?

Yes. There are instant approval credit cards available that offer special cash back and rewards programs to cardholders. If you are interested in participating in one of these programs, browse through the many instant approval credit cards available in order to find one that best suits your lifestyle and needs.

For more on instant approval credit cards, Robert Alan recommends that you visit CreditCardAssist.com.

Enjoy Endless Benefits of Mbna Credit Cards

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Bank card not just supply you fast financial resources but great deals of other benefits also. These advantages are so advantageous for that you can additionally conserve loan due to them which normally individuals are unaware of. It is a common misunderstanding among masses that charge card just provide financial obligations with high passion prices leading them to financial obligation problems as well as unbalanced financial resources. Well if you are not utilizing your bank card carefully and also intelligently then exactly how you could condemn your charge card for that. Utilizing the bank card needlessly, purchasing everything with it, exceeding your credit line while shopping, not paying off debt in a timely manner, acquiring credit score card with high APR, annual charge, and also security cost as well as over limitation fee will only add on to the financial debt problem instead of helping you to make your life easy as well as hassle-free.

You ought to pick such a charge card which agrees with to your demands as well as aid in sustaining them rather of making them worse. A perfect card is the one which has low yearly percentage price on it; do not burden your financial debt with unnecessary charges as well as charges and supplies added benefits too in addition to giving you cash on easy terms, much like an mbna on-line credit scores card.

Get cash money back on every purchase: mbna master cards feature cash back chances for their individuals assisting them to save their bucks. Money back is done not via benefit points but directly providing you discount on all your acquisitions done to acquire gas, groceries as well as various other items whose price keeps altering throughout the year. The loan conserved from cash back is transferred to your savings account right on the moment when you swipe your card.Avail all cashless facilities: charge card is the only method to avail all those facilities and solutions where payment is not done with money like booking trip tickets, resort reservations, purchasing anything over telephone or via on-line shopping sites. You can use mbna bank card anywhere to purchase any type of item or commodity. Reduced rate of interest as well as nothing else costs: while taking financial debt from the credit rating card company they will bill you rate of interest which could be extremely high with some of them. If you intend to make use of low interest rate as well as nothing else added fees like yearly fee then you ought to look for mbna credit scores card.

To find out more on bank card as well as to get them go to amex Canada Source: MBNA Canada

What’s wrong with using credit cards if we pay them off?

What’s wrong with using credit cards if we pay them off?
Josh in Indianapolis uses a credit card for the rewards and pays it off every month. Is it really that bad? Dave answers and gives his reasons.

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Amex and Mbna Credit Cards For Travelers

For a business professional traveling is essential regarding invite new customers for company. Gone are the days when individuals accustomed get company from about the city easily. Now they should go around the whole world by themselves to chat and engage brand-new companies and clients to make their company global and increasing their get to into the worldwide market. Within travelling helps plenty, if done in the proper way sufficient reason for safety measure.
While packing your baggage for the business tour you need to make certain you carry-all the papers and documents in an independent folder in order to keep them safe and intact. While happening a trip to a new location or a unique country, individuals usually think of carrying as much money as possible. They’re unaware of the expenditure carried out in that country or destination. If by chance you lose your cash, the real problem starts. Because of this that you ought to have a credit card issued by Amex Canada or mbna Canada.
Both these credit card issuing organizations supply synthetic cash for tourists with lots of vacation benefits. When you carry a traveler’s bank card on trip it will also help you to make repayments quickly in other nation without fretting about the foreign currency. These plastics assist you in different way in accordance with their particular type. Below are a few traveler’s plastic cards:
American express Canada cards for travelers: US express is some sort of renowned company which provides high credit limit cards for business and elite class men and women. They give you plastic money to business professionals traveling for business, to enable them to enjoy their particular remain in various other country. You will get vacation points which may be used to obtain airfare tickets, hotel bookings and also to get discounts on various merchandises. You do not have to be concerned about the card becoming acknowledged, as United states express is acknowledged every-where nowadays.
Mbna credit cards for travelers: the same as American express MBNA is also a very famous name in the wonderful world of credit cards. Obtained various types of credit cards for pupils, entrepreneurs, people, and for regular buyer. For travelers they will have possibility Privileges MasterCard that may supply points for each deal done through this card. These reward things can help make hotel bookings in a variety of countries.
If you would like know more about these cards or like to reserve any one of them then visit credit4canada.com.

To learn more just give it a look: Amex Canada and mbna canada

Credit Cards for Dummies

Credit Cards for Dummies

Parents, teachers, share this with all your kids! Don’t take the title too seriously. Here are just some tips for those of you who are new to the world of credit cards. It’s NOT free money. Stay away from debt!

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The Bottom Line: Credit Cards

The Bottom Line panel talks credit cards. What you need to know about how many to have, how to use them and who’s really ringing up the cash.
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