Colleges and Student Credit Cards
Credit Card advertisements practically float around everywhere in college. Most of the times, the credit card offers do not even revolve around low interest rate or other perks related to the credit card. Instead, they offer pizzas and burgers for applying for credit cards. This practice is quite prevalent in my college campus. It is comical to think that college students of all people would fall into this trap. Free pizza ads in university are quite effective, and a lot of students apply for credit cards this way.
Although I frown upon this practice, I myself received my first card in a same fashion. We will talk about Chase Credit Card Review.
Chase offers college students credit cards known as +1SM Master Card. Regard the Chase credit card, I don’t have much to complain, its an OK credit card.
As my Capital One credit card had a 0% offer, I thought Chase would have the same rate as well. When I got my first bill, I cam to know that my APR was 13.24%, which is too high. As I already made a wrong assumption regarding 0% interest, I started becoming careful when it came to finances. As such, I would pay off my credit card debt each month so that I won’t be burdened with too much debt right out of college.
Chase offers karma points as one of the incentives. As an incentive, Karma points offered by Chase are pretty useless. Karma points should not be an incentive when considering for a credit card. As I am active user of Chase’s online banking service, paying bills online is one the most important plus points for me. The billing interface, which is one of big plus points for me is simple and easy, no one should have any reason to complain for not being able to pay online. You can link your checking account with your credit card account. There also appears to be regular credit limit checks – I was started off with $300, and a few months later I my credit limit was increased to $800, and then a few months later to $1600. Now, I am hoping my credit limit will increase.
It is a definitely nice to see your credit limit increased. The reason is it helps in improving my fico credit score. I am interested in increasing my credit score rather than increasing my credit limit. The lower debt you have compared to your credit limit, the higher the chances of you increasing your credit score. So, having as high a credit limit is definitely a good thing. Other ways save money in college.