A college student credit card is a plastic card issued by businesses that offer convenience and support when it comes to finances. Just like any other type of credit card, it is used to make purchases of goods and services. The main feature that differentiates this card from other cards is that it is specifically designed to cater to the needs of university learners.
Companies who issue a college student credit card allow clients to choose from three ways to file an application. These include filling out an application form in the nearest bank, applying by phone, or by submitting a form online. Since the easiest approach to do is through the Internet, a lot of people prefer to apply by searching for websites online and submitting an application. If you are a student or a parent who wants to apply for a card, you need to follow the steps discussed below.
Basically, there are five steps when requesting for a college student credit card online. The first step is to determine why you need a card and whether you can pay for the balance monthly. It is important to make sure that as an undergraduate, you still need to build your credit score.
Second, browse the internet and search for corporations that offer services. Since there would be numerous results when searching, you need to compare each of their interest rates, terms, and conditions. Also, look for lower fees and the greatest number of benefits provided. Third, click the link of the company you would want to get your card from. Fourth, fill out a form that asks for personal information including social security number. Most companies also ask for a copy of an enrollment form for school. This is needed so that a credit card company can verify the details encoded in the form and whether you are indeed a scholar. Lastly, you need to submit this form and wait for your card to arrive at your billing address once approved. In some firms, they reply immediately to inform you if your request to have a college student credit card is granted.
Meanwhile, it is significant to note that there are things that you need to consider first since the new credit card law that governs college student credit card applications becomes implemented. Provisions state that students below 21 years old can only get a student credit card if his parent or legal guardian is the primary cardholder. If a student does not have one, the person that will vouch for their credit must present an income statement before their application can be processed.