Using Student Credit Cards to Build Positive Credit History
College life might be the most crucial moment of a person’s life. But most of us consider college life the most memorable and exciting one. During this stage, we learn a lot of things that we could benefit from in the future. This is also the time where we start building our own career to push through life. One way to start this is by using a student credit card and building positive credit history.
In countries, such as Canada, the UK, and the US, building good credit is the most important thing in a person’s life. When you have positive credit history, you could buy a house and lot, cars, and many other things that you and your family want and need through loans with the best interest rate. Bad credit history would give you a hard time seeking for a job and would even force you to get bad credit credit cards. Thus, building positive credit history is very essential in your future. So, why not get a student credit card and start as early as now?
To start, find a bank that gives students the opportunity to own a credit card. A lot of banks do offer student credit cards. As a matter of fact, these banks do not give interest for about six to twelve months. This is actually a very good offer because you can buy anything and pay for them without interest.
In addition, most banks offer incentives like cash back for every purchase you make. This means that you would be given reward points for each purchase and with these points collected, you would be able to get various rewards, such as PlayStation gadgets, television sets, or even concert tickets.
By using your card continuously, you are not only taking advantage of the incentives but obtaining positive credit history as well, which is the real incentive. The agency would keep track of your credit history records, like paying your credit on time, having a good experience with your student credit card expenditures, and the like. Remember to use your card wisely and effectively and you would eventually be able to build positive credit history.
Even with all the incentives offered by the banks, do not use your student credit card on useless things if you do not want to be like those unlucky people who end up getting credit cards for bad credits.