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How do I obtain a student credit card?

I want to know how I can obtain a student credit card as a college student. Just recently, we have been enlightened on the importance of having and using a student card. I’ve always thought that parents are to be solely responsible for their children’s financial needs as long as they are students but I’m beginning to realize the effects of that thought. So, I’d like to know a little more about how to get credit as a student and also how to obtain the best mastercard for students, thank you!

Naomi Doyle

in Student Loans

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Ralph Lopez on June 25, 2018

Obtaining a student credit card is not such a difficult task as long as you are ready to have one. You know, it is one thing to obtain such a card and it is another thing to use. Being in possession of a credit card is not enough proof to show that you are financially responsible; however, having a student credit card that works occasionally is. The rationale behind having a student credit card is to prepare you for the future because whether you like it or not, you’re going to face a whole lot of responsibilities as an adult. By that I mean there are so many dues you may have to pay from time to time, fees, charges, debts and so on. Credit cards are generally designed to show the whole world how financially responsible you are and believe me, it is better not to obtain a card at all than to obtain it and put at the corner of your room. Having a good credit history tells a lot about you and how well you can handle your financial obligations. Now before I move further to tell you about how you can get credit as a student, you need to be certain that you are prepared for it. The good thing is you don’t need a lot of money before you can get your own card. As a matter of fact, I’ll encourage you to start with a small account so that you can make gradual and steady progress in it and the credit card agencies can see how well you’re doing. So let’s get started:

  1. Age:  the required age for obtaining a student credit card is 18 years so if you are less than 18, you should only look forward to your 18th year birthday when you’ll be eligible enough to acquire one. Before then, I’ll advise that you ask questions or know more about how to obtain and use one. Again, if you are below 21 and wish to obtain a credit card, you must be able to provide proof of your financial autonomy or other legacies to show that you will be able to repay your debts.
  2. Ensure that you are an authorized user of another’s credit card: in this case, it could be your parents or some other close relations. Once you are added as an authorized user of another’s credit card, you avoid the responsibility of paying the credit card balance as well being entitled to certain other benefits. One of such benefits is that even when faced with low credit or insufficient history or credit report, being an authorized user of another’s credit card can help build up your own credit since the account or credit history may reflect on yours. Just make sure he or she is making all the necessary payments.
  3. Find the best students master-card: while trying to obtain the best credit card for students, you should bear in mind that credit cards come in different forms, rates, charges, special features, and benefits. I’ll advise that you choose cards that come with student rewards and low interest. This will enable you to earn cash-back for every purchase you make as well as other exclusions.

You can read up more on the subject here: https://www.discover.com/credit-cards/resources/apply-student-credit-card . 

Roger Moore2 years ago

Having a student credit card is the first step towards financial independence and maturity. Building credit as a student simply shows that you’re interested in growing your finances which is really good. So much has already been said about how to obtain credit as a student. During my college days, there was no such thing as a credit card; people paid their bills in cash which only reflected in a paper report held by the appropriate agency and if any proof was needed, they had a way of getting it. Trust me; your generation is very blessed. That said, I never really took up any financial responsibility in college; I felt I was just too young to know how to handle money but believe me, I was just so wrong. The earlier you understand how to be responsible financially the better. It’s not an obligation anyways; it’s just for your own good. To get your students card, all you have to do is apply to the agencies responsible for it. 


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