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M$2 Answers
Student credit cards are still credit cards so you still do get the same benefits you get from regular credit cards. Student credit cards will affect your credit history and that's why it's beneficial for students to help build their credit early. These credit cards are also a good way to introduce to students the importance of fiscal responsibility.
Credit limits for students are usually around $5,000. That's more than enough for a student considering you can have 2 or more credit cards. Having that much money for a student does have its risks. Students in a lot of cases have been left in large debt at the start of their careers. So while student credit cards can be beneficial there are also potential risks that need to be considered, http://www.ehow.com/list_6670315_disadvantages-student-credit-cards.html.
Hope that helps.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
Student credit cards can offer convenience, give an opportunity to build credit and learn responsibility.
Student credit card can teach one responsibility in spending and paying bills on time every month. Students should learn to be prudent, spend responsibly and avoid overspending.
It can give young adults a chance to build a credit and when they graduate from college, since he has already established credit this will help him/her buy a car and rent or own a house.
Student credit cards also offer rewards by giving points or cash back. These can help student buy items they need like text books, school supplies or plane tickets.
A student credit card with a co-signer usually has a credit limit of $1,000.00
You can red what more information about student credit cards at:http://www.mmpersonalloans.com/student-credit-cards/
http://hubpages.com/hub/Bad-Credit-Cosigner-Credit-Cards-With-1000-Limit
sources:
http://www.ehow.com/facts_5814399_benefits-student-credit-cards_.html
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
