Student Credit Cards<br />START NOW<br />
Student Credit Cards<br />01<br />The main points you should know about student credit cards.<br />Key Points<br /><ul><li...
How to Protect Your Teenager from Credit Card Debt?<br />02<br />Tips on how to guide your teenager from their credit card...
Top 5 Tips for Teenager Credit Card Debt Protection<br />03<br /><ul><li>Use a debit card instead of a credit card to rest...
Restrict card limit to $300, $400 or $500. Westpac provides a student credit card for this.
Use a low interest card incase of over spending.
Review card usage after 3 months or particularly around key spending times like Christmas to determine if card is being us...
Always read the terms and conditions in the credit card application carefully</li></li></ul><li>How to Successfully Apply ...
Having a part-time or full-time job is not considered a prerequisite, as very often children ask their parents to pay thei...
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Student Credit Cards

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Student Credit Cards

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Student Credit Cards

  1. 1. Student Credit Cards<br />START NOW<br />
  2. 2. Student Credit Cards<br />01<br />The main points you should know about student credit cards.<br />Key Points<br /><ul><li>What are Student Credit Cards?</li></ul>Have a brief knowledge about the student credit cards.<br /><ul><li>How to Protect Your Teenager from Credit Card Debt?</li></ul>Tips on how to guide your teenager from their credit cards and avoid debt.<br /><ul><li>How to Successfully Apply for Student Credit Cards?</li></ul>Guidelines on how to apply for student credit cards for your children.<br /><ul><li>How to Get a Higher Credit Card Limit as a Student?</li></ul>Tips on how to get a higher credit card limit for a student.<br />
  3. 3. How to Protect Your Teenager from Credit Card Debt?<br />02<br />Tips on how to guide your teenager from their credit cards and avoid debt.<br />Teenagers when growing up want to access their money faster and make more considered decisions.<br />In most cases the card is just a safety net for the service provider although critical for the teenager to use the service. <br />Without a credit card they feel less independent and need to lean back on their parents.<br />
  4. 4. Top 5 Tips for Teenager Credit Card Debt Protection<br />03<br /><ul><li>Use a debit card instead of a credit card to restrict over spending
  5. 5. Restrict card limit to $300, $400 or $500. Westpac provides a student credit card for this.
  6. 6. Use a low interest card incase of over spending.
  7. 7. Review card usage after 3 months or particularly around key spending times like Christmas to determine if card is being used appropriately.
  8. 8. Always read the terms and conditions in the credit card application carefully</li></li></ul><li>How to Successfully Apply for Student Credit Cards?<br />04<br />Guidelines on how to apply for student credit cards for your children.<br /><ul><li>The bank needs to know your full name, occupation, residential address. If according to the rules of a particular bank, you are allowed to opt for a secondary credit card, you will have to mention the details of the secondary cardholder.
  9. 9. Having a part-time or full-time job is not considered a prerequisite, as very often children ask their parents to pay their bills whenever they fall behind on payments or have oversized balances.
  10. 10. If you are planning to opt for a student credit card, the credit card company would ask for a co-signer who would act as collateral, a form of insurance. This would be the person the company would fall back on if you were unable to repay the debt. This could be your guardian, parent, or any family member.</li></li></ul><li>Student Credit Card Application Procedure<br />05<br />Guidelines on how to apply for student credit cards for your children.<br />Get in touch with the bank and enquire about all the information needed<br />Give them all the necessary details<br />Outline your present financial details<br />Verify the entered details and submit the completed form to the bank<br />When your application has been approved, you will be awarded with a Credit Card. Thereafter a balance transfer facility will be activated for your use.<br />
  11. 11. How to Get a Higher Credit Card Limit as a Student<br />06<br />Tips on how to get a higher credit card limit for a student.<br />Credit limit is actually a pre-determined, preset limit, which acts as a boundary for all your expenses. If you surpass the given limit, you may have to shell out an obligatory penalty fee. <br /><ul><li>Prove your Creditworthiness
  12. 12. Get good in the good books of the banks by paying finance charges at least once every year.
  13. 13. Use your credit cards on a regular basis for increasing your credit limit. </li></li></ul><li>How to Get a Higher Credit Card Limit as a Student<br />07<br />Tips on how to get a higher credit card limit for a student.<br />Continued…<br /><ul><li>Always spend within the provided credit limit as this would denote you have the ability of controlling your expenses.
  14. 14. Always try to pay the full amount that is due on your credit card bill. Avoid making any late payments. </li></li></ul><li>Thank You<br />For Watching<br />

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