Student MasterCard Credit Card Comparison

There are myriads of student mastercard credit cards available in the market but it is up to you to select the perfect student mastercard credit card for your self. You can now easily apply for your student mastercard credit card online through the internet. The process of selecting the right credit card for your self includes searching for the various offers, then comparing the offers to see what suits your needs and then finally applying for it.

The Discover student mastercard credit card is a top choice amongst students. It offers 5 percent cash back on home improvements, gas and other every day purposes and 1 percent cash back bonus on all other purchases. In addition to that it also offers 5 to 20 percent cash back bonus on creditcards. com’s online shopping site. Then there is the Citi Forward student mastercard credit card which offers a 2 percent purchase APR decrease if you stay under your credit limit while spending and pay your bill on time three times consecutively. It also rewards you with 6000 bonus points on 50 dollars worth of purchases made in the first three months and 5000 points on signing up for paperless statements within those three months. You also get 5 points for every I dollar spent on food, dining, music and books and 1 point on other purchases. You also have to pay 0% APR for the initial 6 months. The Citi mtvU Platinum Select student mastercard credit card which not only offers 0% APR for the initial 6 months but also 25 reward points for staying within the credit limit and paying your bill on time. In addition to that you get 5 ThankYou points for every dollar spent on food, record store and bookstore and 1 point for all other purchases.

Although the Discover credit card is popular amongst students for its attractive returns, the Citi Forward and the Citi mtvU are much better options for students as they help keep a check on the purchases that you make and help in keeping a control on your bills.

Advantage for student mastercard credit card

Being a student comes with a lot of responsibilities. You have to rush back and forth to class, shuffle books and wear a lot of different hats! Another thing is that you have to learn to exercise real world money management, oftentimes on a tight budget. One sure way to drain your budget is by carrying cash. Plus it's not very safe to carry cash these days with all the thefts going on. This is why many people prefer plastic instead. Everybody has a credit card these days. Heck, most places won't even let you book a hotel, car rental, or flight without some type of card. So you've got to get with the times - quick!

One way to do this is with a student mastercard credit card. For one, MasterCard is one the largest most reliable card brands in the World. Whether you're on campus or on spring break, you will be able to use your card safe and securely. These cards are very reliable and widely accepted Worldwide. Another benefit of a student mastercard credit card is that your funds are FDIC Insured - protected against unauthorized purchases and thefts. You can rest assured knowing your funds are safe.

Lastly, one very strong benefit is that it can help you establish or build your credit history. You may not realize it now, but credit is definitely something that you'll need in the "real world". One of the biggest mistakes that you can make as a student is to finally graduate and step out into the real world - only to realize you have No Credit. Even employers review credit history these days, so you just gotta have it! Practicing real world money management and building a solid credit history is one of the strongest advantages of owning a student mastercard credit card.

Student MasterCard credit card

Student MasterCard credit card – The Student Choice?

Is the Student MasterCard credit card the students’ first choice? The answer seems to be a resounding yes, at least if the fact and figures on the ground are anything to go by.

For one, the remarkably huge number of MasterCard credit cards for students being offered by the various vendors strongly suggests that there must be some demand for them, with one online directory showing what must be dozens of MasterCard credit cards for students on offer. Secondly, the fact that the said MasterCard credit cards for students typically have no annuals fees charged on them (which is very unlike other types of credit which are usually charged what can often turn to be quite hefty annual fees) means that anybody with some sort of legitimate studentship anywhere will be almost certain to opt for the Student MasterCard credit card when given the option of either taking it or taking an ‘ordinary’ credit card – which is typically charged the said annual fees, with absolutely no extra value to the credit card holder for the money so paid as an annual charge. Third is the fact that the MasterCard credit cards for students typically come with an easier application and approval procedure than an ‘ordinary’ credit card, whose approval is usually preluded by a deep dig into the applicant’s past, often at the applicant’s own cost. Most MasterCard credit cards for students, on the other hand, are affairs whose application is something you can get done with in a matter of less than an hour (even if you are slow at filling forms, online or otherwise), with the approval process typically taking a few days at most.

Finally, there is the even more alluring fact that the various vendors of the Student MasterCard credit card will typically charge significantly lower interest rates on the said MasterCard credit cards for students as compared to ‘ordinary’ credit cards, with the idea behind the lower interest rates on the student credit cards being to lessen the cost of credit for students who are normally people of quite modest means; since the typical college course calls for the student taking it to either resign from work or at least reduce their working hours if they are to cope with the college-work burden.