Credit card helps users to build credit, meet everyday expenses in life and also make convenient payments. Getting an understanding of How credit cards work will enlighten you on all the benefits of having one credit card over a debit card. Understanding how credit card works provide useful insight into managing your debit card more responsible.
Credit card is a small card issued by the various banks, that allows the cardholder to any whatever he or she buys online or offline, such as goods purchased, online shopping, and money withdrawal. A cardholder (user) can also borrow money from respective banks for some limit. The user should return the money at the stipulated date and time agreed with the bank.
Travel Credit Card for Student
When it comes to credit cards, many people want no annual fees, others want flexible payment terms, while some seek out low-interest rates. Below are the most interesting credit cards for traveling and groceries.
Citi secured credit card
This credit card facility offers students reasonable APR and low fees. Citi secured credit card features a high credit limit and its good choice with students for bad or poor credit. A secured credit card has some similarities with that of a debit card facility. If you open an account with a financial company such as a bank, you will be asked to secure the credit line with cash. You deposit into a separate account that covers the credit limit on the card.
State farm student credit card
State farm student credit card gives you 3 points for every dollar you spend on insurance premium with up to annual with a total of $4000 in redemption. The credit card facility called ‘student visa’ released by the insurer (state farm) helps you to reduce the premiums on your home insurance.
Petal cashback credit card
Petal chiefly designed this card for those people who like traveling and groceries. The financial company doesn’t market the credit card directly to the student. However, the card is suitable for students with no credit history looking forward to building their FICO.
Citi reward + student credit card
This credit card is ideal for students who spend on groceries and gas. Citi reward offers a rewards points system for card users with a 10% bonus in the first 100,000 points you redeemed every year. You can also get double points for purchasing groceries and gas at participating retailers.
Capital one secured credit card
This credit card offers students credit- building benefits provided that they use the card responsibly. Capital one secured credit card Is another credit card facility that is Worthy of menti9 on. Since there is an annual fee on this credit card, you can actually raise your credit limit by making an additional deposit to secure the credit line.
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