|
The Best Student Cards
More and more student cards are becoming available that help students
manage their money and provide parents convenience. Besides student
credit cards there are now prepaid credit cards that offer convenience
and can save hundreds of dollars a year. Below are some of the benefits,
tips and resources for students having their own card.
Traditional Ways to Send Money
There are now many more financial products available for students
to receive and manage their money. Traditionally, students have
received money via checks, money orders, and Western Union to name
a few. Student credit cards, online banking, and prepaid credit
cards offer better alternatives and many more features. Better yet
these services cost a lot less and are a lot more convenient than
the traditional ways of sending money. No more paying high money
transfer fees, waiting for checks to clear, or check cashing fees.
Student Credit Cards
In the last couple of years more and more student credit cards have
become available as an alternate to sending money or for the student
to maintain a checking account. These cards offer a lot of advantages
such as card perks and eliminates money transfer fees. With Visa
and Mastercard now being accepted everywhere, a student does not
really need a checking account or even a need to carry cash. The
disadvantages of credit cards is the temptation to accumulate debt
and even maxing out the card so it becomes unusable.
Online Banks & Check Cards
In the past, bank checking accounts were a student's first introduction
to managing their finances. This was a very tedious and hap-hazard
process for a student to balance the checkbook and avoid bouncing
checks. Online banking now allows the student and even the parent
to manage the finances online. Checking accounts are updated in
real-time or at least once a day. Additionally, the student can
access his bank account at school or at home. Most banks now offer
online banking and a Mastercard / Visa debit card for their customers.
Internet banks offer the best perks and ways to earn more money
than traditional banks.
Prepaid Debit Cards
Prepaid cash cards are great for students to receive and manage
their money. These cards do not require a credit application, but
have all the benefits of a credit card without the debt worries.
Prepaid cards carry the Mastercard or Visa logo and are accepted
much the same way as a credit card or debit card with the Mastercard
or Visa logo. This means that students can use the card to shop
on the Internet, shop in local stores, pay bills, and receive cash
at ATMs. Parents or students have several options in funding prepaid
cards to include using their cash, checking account, mastercard,
or even direct deposit.
|
| Student Credit Cards Links |
|
|
