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Student Credit
Card | Top Companies: This Week's Reviews |
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| Services Offered:
Student credit card |
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| Company Overview:
Discover is a leader in the credit card industry, and
has been since 1986 when they were first established.
They work with two different payment networks to process
transactions. Their PULSE network is associated with
over 4,400 banks and more than 260,000 ATMs worldwide. |
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| Our Review:
Discover is a great company. All of their credit card
products are top-rate, and they have some amazing
customer service, too. The website they set up is very
professional, and makes applying for a card really
simple. Plus, they’re a nationally known company, so you
know that you can trust them. |
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| User Review:
Discover student credit card offers were ones that I
didn’t think I qualified for. However, I took the time
to fill out an application, and was pleasantly surprised
when I was approved. The card has a great rate, and even
a rewards program that offers me cash back when I use
the card. I love it! |
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| Services Offered:
Student credit card |
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| Company Overview:
Bank of Internet has many different credit card
products, including student credit card offers. They
were founded in 1999, and were the first online-only
bank and lender available. Today, their assets top $1
billion, and they are a leader in the internet banking
industry, offering various loans, credit cards, and
banking services to consumers nationwide. |
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| Our Review:
Bank of Internet has always been a favorite of ours.
They have so much to offer, and you really can’t beat
the fees and interest rates they have, which are super
low. The website is really easy to use, and the customer
service is top-rate, which you would expect from a
company like this. All in all, definitely worth checking
out for a student credit card. |
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| User Review:
Bank of Internet offered me a student credit card that
had a much lower interest rate than anything else I had
applied for. I was a little confused by some of the
stuff on their website, but once I figured it out, I was
good. I love the service I got, and the card itself is
great, too. |
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| Services Offered:
Student credit card |
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| Company Overview:
AccountNow was founded in 2004. They use a service where
consumers can build credit just by paying their bills on
time, and reporting that to credit agencies. The company
serves over 40 million consumers that aren’t eligible
for credit cards or bank accounts, and their services
are all FDIC-insured, so that your prepayment money is
safe at all times. |
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| Our Review:
AccountNow offers a great service. Not everyone needs an
unsecured credit card, and they serve the needs of those
who want a prepaid card for various reasons. It doesn’t
matter if they are trying to control spending or giving
the card to a teen, because they serve a lot of uses.
The website is pretty simple to get around, and the
application forms are easy, too. |
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| User Review:
AccountNow is a prepaid company, and I wasn’t sure that
was what I wanted. However, as a college student, money
is tight, so only being able to spend what I could
afford was very helpful. Now I’m out of college, and I
don’t have huge credit card bills like most of my
friends, which I’m thankful for. |
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| Services Offered:
Student credit card |
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| Company Overview:
Credit Axis has a network of over 80 lenders to provide
credit card options to all consumers. They do not turn
down consumers with bad credit, and they offer
information and resources for all types of credit cards
and loans. They were established in 2003, and have
helped millions of consumers since then. |
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| Our Review:
Credit Axis has great products. Especially when it comes
to students who have no credit or a lot of student loans
on their tab, finding a credit card can be tricky. This
company offers something for everyone with a simple
website, easy application forms, and excellent customer
service. |
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| User Review:
Credit Axis didn’t care that I had defaulted on my car
loan or that I had no other substantial credit beyond
that. They were still able to get me a credit card so
that I could establish good credit and get back on track
while I was finishing school. |
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Other Top Companies for
Student Credit Card : |
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Interest Rate Secrets and Tricks: |
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Whenever you’re
looking for a loan or a credit card with a low interest
rate, you should take the time to make sure that you’re
actually getting a low interest rate for a period of
time and not just for a short time. For example, a card
might come with 0% APR to start with, but after 3-6
months, you’ll need to know what the APR will increase
to. For example, if after 6 months, it goes up to 18%,
then the card that offers a flat interest rate of 12%
from the time of acceptance is actually a better card to
have. It all depends on what you need, though. By taking
the time to check out these different options, you’ll be
much more informed about interest rates. Keep in mind,
also, that a credit card or loan company can raise your
interest rate at any time, based on the creditworthiness
that you have and any changes that take place. For
example, if you suddenly default on your payments, you
might notice that your interest went from 12% up to 29%,
which is usually the default rate on most cards. In this
case, you need to stop spending and start paying so that
you can get the card paid off in a timely fashion,
improve your credit, and then ask for an interest rate
deduction from the credit card company. A credit card
company doesn’t have to tell you that they’re increasing
or lowering your rates, either. That’s why you need to
check your statements very carefully for special notes
and information. If you have good credit and become a
loyal customer, you’ll be rewarded with interest rate
reductions and higher credit limits. If, however, your
credit gets worse during the time that you have a card
or loan, you’ll likely have credit limits reduced and
interest rates increased. To keep tabs on this, you need
to read all of your credit card statements carefully so
that you know what is going on. Keep these things in
mind when it comes to interest rate issues, and you’ll
be better prepared to get the most from your credit and
lending needs.
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Student Credit Card : Tools |
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