Student Credit Cards For Life’s Emergencies


Your student son or daughter is heading off to school in a few weeks and everything is in place. You’ve seen to it that clothes have been purchased, a new laptop has been ordered, and that the student loan application has been approved.

student i.d.One thing still needs to be done: how will your child access money to pay for books, fees, and incidental expenses while away from home? An ATM card and/or debit card can be very useful, but what if an emergency comes up?

What About An Emergency?

Obtaining a credit card can be an excellent way to provide for emergencies. Instead of carrying around a bunch of cash or losing valuable time while you try to wire him some money, a credit card can help your student get out of a jam right away. Instead of receiving a call at 3 a.m. from the hospital emergency room asking you how you will pay for their treatment, your son or daughter can handle the problem on the spot and contact you later.

Compare Credit Card Offers

When shopping for credit cards, you’ll want to compare offers. Credit cards for students, especially those issuers who take your child’s current educational needs into consideration can be useful, particularly if they offer the following benefits to you:

  • Low or zero percent introductory interest rate.
  • No annual fees.
  • Rewards points toward airline miles or discounts at hotels, cash back, and more.
  • Electronic payment options and electronic statements.
  • Flexibility: a grace period to allow for your student to pay the credit card invoice monthly without incurring interest charges.

In some cases, student credit cards will require that you, the parent or guardian, co-sign for your child. Without your signature, most issuers will charge your student a higher interest rate if he has little or no previous credit. You can always negotiate directly with the credit card company to ensure that the rate you receive is the lowest one possible.

Managing Credit And Your Money

Of course, you will need to work out a plan with your adult offspring on credit card usage, budget, making payments, and more. Obtaining a credit card for your college student can be an education in and of itself, one that can help them build up their own credit while allowing them to make decisions on how credit is used.

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