Student Credit Cards

As a student, you’ll be targeted by credit card companies & banks like HSBC bank
Lloyds bank, Barclays, and Nat west bank offering tempting joining incentives
with the ability to buy lots of cool new stuff. However, you may end up paying
higher rates and having a debt on your hands that lasts well after you graduate.

Student prepaid creditcards works in much the same way as pay as you
go mobile phones, you have to top them up with credit before using them.
This is useful if you are on a budget with limited funds, or currently not particularly
good at managing your money, as you can only spend as much as you have put
on the student prepaid credit card and cannot become overdrawn.

Some Advantages of Student Prepaid Creditcards:
• No credit interest to pay like on a normal credit card
• No late payment fees
• They have the convenience of a credit card, eg; using it to pay for goods online or abroad.
• They are a good option if you have a poor credit history

Some disadvantages of a regular student credit card deals:
• High interest accruing on a monthly basis
• Possibility of getting in to debt
• CCJs against your name preventing you getting future credit
• Late payment fees
• Your credit history will still be taken into consideration after a credit check

A student prepaid credit card can help you to keep your debt in check by not
allowing you to go over the limit or running up huge credit card bills and interest.

Student Debt
Student financial advice
Student loans
Student Bankruptcy
Student Grants
Student Bank Accounts

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