==== ====To Compare Credit Card Offers and Find the Card Thats Right For You, please visit:www.CreditResourceUSA.com==== ====Various people have different needs. So the credit card suppliers too have designed different typeof cards. Besides the normal credit cards, there are small business cards for small business andthen there are student credit cards which are designed especially for students.Now, what is different about the student credit cards?You could say not much, since all credit cards work in pretty much the same way and are used formore or less same purposes. However there are 2 main differences with the student credit cardsand these differences are on the 2 main aspects i.e. Credit limit and APR.The credit limit for student credit cards is generally very low. This typically ranges from $500 to$1000 per month. Some people might argue the reason for such discrimination. Well, the reason isvery clear and obvious. Most of the students applying for these credit cards have never used acredit card in their life so neither do they have a credit rating and nor the knowledge about creditcards. While the former is what the credit card suppliers look for before supplying the credit card,the latter is what the credit card holder would like to acquire. Both the purposes are met bykeeping a lower credit limit. The credit card supplier reduces the risk that they are taking byissuing a credit card to someone who has never used one and has no credit rating. Its good forthe credit card holder too since this reduces their risk of damage which can be caused by limitedor no knowledge of credit cards and by bad spending habits. Moreover, this credit limit would besufficient for the needs of a student in general.The APR on the student credit cards is generally higher than that on the normal credit cards.Again the reason for this is same as that for lower credit limit i.e. the credit card company or thecredit card supplier is after all into business and has to take steps to mitigate any possible risksincluding the risk arising from issuing a credit card to someone who is naïve in terms ofcredit card knowledge.The credit card companies might also keep some stricter terms and conditions on the studentcredit cards and generally require a parent or a guardians signature as a guarantor.Since credit cards are more of a necessity than a convenience in todays world, the student creditcards are much recommended, especially as a learning tool in getting the students prepared forthe life. Due to their inherent characteristics of low credit limit etc, student credit cards cannot leadstudents into a totally irreversible debt situation. Students should read all the instructions suppliedwith their student credit card. This first credit card will teach them how to protect themselves fromcredit card fraud, where all to use their credit card, how to control their spending, what the variousmembership benefits are etc. The earlier they learn these things the better it is.
Moreover, the student credit card will also help you in developing a good credit rating. Youshouldnt take the student credit cards lightly. If you overspend on your student credit card ordefault on your credit card bill payments, you will not only end up paying interest on your creditcard balance but also spoil your credit rating. Remember that a bad credit rating will not onlyhamper your chances of getting another credit card later in your life but will also lead to problemsin approval of your mortgage/car-loan applications etc.So student credit cards are a surely a good way for students to start with credit cards.Rudy Hadisentosa: CCN.com is a free online credit cards review and application website. We offercredit cards selection from visa,master cards, discover, american express and many others. Wehave quite some categories and hundreds of credit cards selection to fit your need. Apply for acredit card at CCN.com.Article Source:http://EzineArticles.com/?expert=Rudy_Hadisentosa==== ====To Compare Credit Card Offers and Find the Card Thats Right For You, please visit:www.CreditResourceUSA.com==== ====