Student Credit Cards

The trouble with life today is that a student loan just won't go far enough so most students opt for getting a credit card or two to get extra spending power. Some of the best student credit cards on the market place offer great low rates and a few freebies along the way.

Choosing a student credit card

If you're looking for student credit cards you should look at all the card providers before making a decision on which card issuer to apply to. Some offer cash back others offer to help your credit rating longer term so when you complete university you can still get on with your life.

Most major banks offer cards such as Egg, Barclaycard, Capital One, Natwest, HSBC, Halifax and Virgin Money. Compare rates, money back offers and balance transfer rates.

Best Student Credit Cards

Most banks only offer a credit limit of £500 because they know you will spend it and also know that you won't be able to pay any of it back until you get a job -- even part time jobs are vital as the interest rates on cards are far higher than any student loan you'll get (or even a normal personal loan from a bank.)

Even with interest rates at an all time low the interest rate is still as high as 20% although some credit cards especially made for students can be as low as 14% but still many times higher than other types of loans.

These days most banks charge a 3% transfer fee, which, although isn't free is better than paying 16% APR and is a great way to manage credit card debt and most balance transfers last for 12 months. So that's like getting a loan for 12 months at just 3% !

Don't be swayed by flashy gimics like pink coloured cards or shop discounts as it's the interest you are paying and how much credit limit you receive which is most important when apply for a student credit card.