Student Master credit card – An overview

MasterCard started its operations way back in 1966. It is engaged in processing payment requests between banks of purchasers as well as banks of merchants. It offers debit as well as credit cards. In 2006, its name changed to MasterCard Worldwide. It has entered into the college campuses too as a result of which student Master credit card has become popular among students and youngsters.

There are many credit solutions that will try to get your business or retain your business by offering various incentives. However don’t fall into traps as there are hidden costs that cause your bills to escalate when you use plastic money unwisely.

Given below are few financial tips to use your student Master credit card better and in a judicious manner –

Irrespective of whether you are using a prepaid student credit card or just a credit card, the rules that you need to follow to keep your bills within your reach are almost the same–

1. Prepare a budget

Depending on how much you’re earning each month and your expenses, assign your cash. Make sure you don’t spend more than what you earn.

2. Be regular with your bills

Whether it is your tuition fees or your credit card bills pay them regularly and within the specified time. It will reflect that you are financially responsible. It will also have a positive impact on your credit.

3. Don’t stagger your payments

When you are using plastic money, you are required to make a minimum payment every month. Make sure you pay your dues in full. If possible try to pay little more than the minimum. In this way you will be able to pay off your dues faster.

4. Check your credit report and financial statements regularly

When you receive your bank or financial statements every month, go through it carefully and try to find out if there are any errors. If you find one, fix it at the earliest. The same applies for your credit report.

How will you get a student Master credit card online?

Prior to applying for one, assess your requirements. There are many factors that you need to take into account before applying for a student credit card. Some of them are as follows –

* The annual fee
* Standard rate of interest
* Rate of balance transfer
* Whether you can use the card globally
* Annual Percentage Rate (APR)
* Any other fee as applicable
* Its online security etc



Select the student Master credit card product; fill up the qualification form, fill in the required fields, go through the application form to check for errors and submit it.

In case you are not comfortable applying for the credit card online, you can visit any issuing bank and get hold of one.