Credit card?

what is deffrence between student credit card and secured card?|||a student credit card is specially designed for students and is very different from your regular credit card. Because it may be the first time for college students to apply for a credit card, most credit card companies designed their student credit cards to be a form of secured credit cards.


A secured credit card requires that you deposit money with the issuing bank, and the bank will issue a credit card in the same amount for your use. Secured cards are guaranteed to be approved, because the bank has your deposit money in case you do not pay your balance. A secured credit card for bad credit operates much like a regular credit card. You receive a monthly statement, and you pay your minimum monthly payment or the balance in full each month. You are charged an interest rate, annual fee and possibly other fees for a secured credit card account.





It will help a student to avoid accumulating high amounts of debt because of reckless spending. If you need groceries, or that recommended book but you don't have the money for it, then it may be time for you to use your student credit card. It is good if you start learning good financial habits from your student life itself. Don't use the card to pay for everything and anything. Use it judicially or it will land you in a debt to repay after the college finishes. Apply online for a best student credit card at: http://www.credit-card-gallery.com/Stude鈥?/a>|||You can visit http://www.debteraserzone.com and find very useful tips and several articles on credit card related matters.

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|||a secured card is usually backed by a CD. let's say you have a $500 limit. the creditor will purchase a $500 CD for you which is basically the security or collateral for the card. you pay for that CD over time, as well as any purchases you make. if you default on the card, the lender cashes in the CD and gets (most of) their money back. a student credit card has no collateral. they usually start with a lower credit limit and are designed for students to build credit. i recommend a student card, used sparingly, and paid on time to build credit.|||If you apply for secured credit card http://www.apply-online-credit-card.info鈥?/a> you should deposit 100%-200% of your credit limit. If you have bad credit history secured credit card is reasonable decision, it helps avoid high fees and build good credit history.


Student credit cards are unsecured credit cards: http://www.bestcreditoffers.co.uk/Studen鈥?/a>|||Don't have any credit card. Pay cash and stay out of debt!