As soon as students step foot on college campuses they are bombarded by credit card companies who have erected funky teen-targeted promotional booths, and are distributing free caps, t-shirts and water bottles all in an attempt to entice students to sign-on for their company's credit card. The lure of being able to purchase online and over-the-phone, in addition to credit limits far greater than the amount of money they have in their bank account is very attractive, especially to those who have left home for the first time, and have new found freedom. The credit card seems like the only available option, however it is not; the smarter option for the next generation is a Visa Debit Card.
Although credit card debt is an unsettling topic to discuss, it is essential that pre-college teens are educated about the pros and cons of credit cards and the intricacies of exactly how they work and potential traps. If properly informed about alternative money card options, students could save themselves from a bad credit report, not to mention debt they could be paying off long past their graduation ceremony. Students who opt for alternative options such as a Visa Credit Card could use their time at college to build a good credit history, which will become very important post graduation when applying for an apartment or financing a vehicle. Some employers even peruse credit reports as part of their promotion process. A Visa Debit Card allows users to do everything they can do with a credit card except spend money they do not have. They are surprisingly easy to apply for and the only pre-requisite is that users are over 18.
A study conducted by credit reporting company Experian, using data from 3 million college students credit records, over a 5 year period indicated that credit card debt has risen 24% from 2001 to 2006, to an average of $5,781. In addition, students have an average student-loan debt of $14,379, equating to a total average debt of $20,160 by the time they graduate. Using these figures, if students abolished their credit card and opted for a smarter solution such as a Visa Debit Card, which limits them to spend only the money they have, they could decrease their total debt by 28.6%.
Visa Debit Cards look exactly like credit cards, but they help the user manage their money more wisely. When researching for a reputable Visa Debit Card, potential cardholders should look for a card with minimal start-up costs like the card offered by www.CleverCash.com that has no fee for card delivery, no fee for card orders, no fees for maintenance and no fee for inactivity. Cardholders can also use their Visa Debit Card at over 5000 locations worldwide, have 24/7 access to their own online account and they don't need a bank account. It is also important to ensure the Visa Debit Card select can be frozen instantly if the card is lost or stolen.
To limit the amount of debt college-students graduate with, it is recommended that credit cards are avoided and Visa Debit Card adopted. This way, students still have the convenience of shopping online and over-the-phone without spending money they do not have. The Visa Debit Card sets college students up with the option of graduating with minimal debt, a good credit record and their degree.
College Students Make Money
When you finally head off to college, a whole new world opens up for you – a world that is totally unlike anything you previously experienced. You can now go where you want, do what you want and have total freedom over your life. You are finally on your own and the experience is a great one. Heading to the dorm for the first time to live on your own, meet hundreds of new and interesting people and join as many clubs, frats, sororities or other groups as you desire. Yes, the doors of society have now finally opened for you, and it is time for you to take control of your life and make your own decisions without the helping hand of your parents. With so many things out there to see and do, many companies have recognized that the newfound independence of the college student is one which can be tapped into for extra financial resources. So, for students from all walks of life who are looking for great deals on products as well as new and exciting ways of getting from place to place, there are millions of different opportunities to explore to make the most out of your college experience.
Since most college students are over eighteen when they enroll, the first offer that they will probably receive is for a student credit card. Student's credit cards are a real crapshoot, as some will give you great deals and valuable rewards while others are completely worthless and will not give you any incentives no matter how much money you spend. All too often, people looking for students cards will be sucked into a nightmare of credit fees, high rates and debt galore, so be sure to read all of the information about a potential credit card before you fill out the paperwork. Also, around this time, you will probably be presented with multiple students loans which can help you pay for your college tuition and housing fees. These are great, but remember that you will have to pay them back sooner or later and interest will usually start piling up the month after you graduate with your Bachelors.
While most people think of credit cards and loans when they think of students, there are a multitude of other different products and companies which also give students great incentives and discounts. The student store at your college is a great place to find all kinds of deals on everything from a student's desk to a student's phone to students' software for your computer. Some of the larger universities even have in house computer stores so you can purchase your very own Apple or Dell laptop if you need a computer for your schoolwork.
As far as travel is concerned, there is really no better time to set out on your own adventure to discover the world you live in. From study abroad programs to special deals on student's flights, you can see the world for a price that is totally unheard of. If you are a college student with a disability, even cheaper rates apply if you book through your school's office for students with disabilities. All in all, from student's insurance to travel to all of the necessities to make your educational experience flow completely smoothly, there is a deal for just about everything if you are a student. If there is something out there you want to purchase, simply bust out your student credit card to purchase whatever it is that you want with your very own student discount. The possibilities for what you can save on are practically endless – and you can even pay for it all with the excess cash from your low interest student loan.
Both Christopher Golding & Tangopang are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Christopher Golding has sinced written about articles on various topics from Debit Credit Card. About the Author:Christopher holds a Bachelor of Business majoring in International Finance and runs a successful Debt Resolutions Consultancy Company based out of New. Christopher Golding's top article generates over 2400 views. Bookmark Christopher Golding to your Favourites.
Tangopang has sinced written about articles on various topics from Colon Cleanse, Home and Lawn Mower. Tangopang runs an IT and Education consultancy. More resource at http://www.centrexcampus.com. Click. Tangopang's top article generates over 27100 views. Bookmark Tangopang to your Favourites.
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