Student pre-paid credit cards
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So what are student pre-paid credit cards? Well basically they are cards which you put cash on so that you can then use them abroad and in shops which only take credit cards. They also help you to budget and not get in debt as you are only spending what you have (you can also get your mum and dad to put some cash on for you), which helps you to manage your finances. We recommend picking a card with minimal fees (if possible no fees!) because we don't think you should have to pay to have the card. 'Pay As You Go' options tend to have no monthly management fees which is great but you've got to weigh this up against transaction fees charged. We don't have any information or advertisements for credit cards on the site because we think credit cards can get you into more debt as you're spending money you don't have as a student (which is against the idea of the site). The last thing you want to do as a student is rack up even more debt and have the worry of paying credit card bills every month, it can also make managing your finances earlier and it's easy to say "I'll put it on the card" when you're pissed. We think that pre-paid cards can be a good alternative to credit cards for students. |
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What cards are out there?
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Well basically they are cards which you put cash on so that you can then use them abroad and in shops which only take credit cards. They also help you to budget and not get in debt as you are only spending what you have (you can also get your mum and dad to put some cash on for you), which helps you to manage your finances. We recommend picking a card with minimal fees (if possible no fees!) because we don't think you should have to pay to have the card. 'Pay As You Go' options tend to have no monthly management fees which is great but you've got to weigh this up against transaction fees charged.