Student Credit Cards

Students may find it hard to be accepted for credit. Income can be unreliable when you are juggling studies with a part-time job and social life, it can be difficult to manage cash flow. Any student can experience times where it is vital to access extra funds in order to cover an unexpected cost. That is where Student Credit Cards steps in. With criteria aimed specifically at students, with a capped credit limit and a low income minimum.

Using the table below, you can compare areas such as purchase rate, period, balance transfer and the representative APR. The interest rate on student credit cards can be a little higher than on a regular credit cards; this is to be expected and accounts for the fact that a student is a slightly higher risk to the lender. Before taking a student credit card, students could consider whether there are other ways to access funds without risking further debts.

COMPANY	ISSUER	REPRESENTATIVE APR	CREDIT LIMIT	REBUILD CREDIT	CHIP & PIN	CASH BACK	BALANCE TRANSFER	NEW PURCHASE	APPLY
RBS Student Credit Card		18.9% Example Representative Example Assumed borrowing of £1,200; Rrepresentative 18.9% APR (variable); Standard interest rate for purchases: 18.95% p.a. (variable) Address: 36 St Andrew Square, Edinburgh EH2 2YB.	£500	No	Yes	No	No Balance Transfers.	Standard Purchase Period.
	Royal Bank of Scotland Student Mastercard with host of discounts available. If you pay your balance (and your previous month's balance) in full and on time each month you'll enjoy up to 56 days' interest free credit on all purchases.								Services Services Student Credit Card Advantages Advantages 1. Credit Card available for all students. 2. Discounts on products with HP UK, £5 Firebox voucher, 15% off everything at iWorld.co.uk, Free DVD rentals by post. 3. Interest-free period every month. Disadvantages Disadvantages 1. Balance Transfers on Student Credit Card accounts are not permitted. 2. Maximum credit limit of £500. 3. 18.9% APR is high.
Natwest Student Credit Card		18.9% Example Representative Example Assumed borrowing of £1,200; Representative 18.9% APR (variable); Standard interest rate for purchases: 18.95% p.a. (variable) Address: 135 Bishopsgate, London, EC2M 3UR.	£500	No	Yes	No	No Balance Transfers.	Standard Purchase Period.
	Natwest Student Mastercard with host of discounts available. Maximum £500 credit limit. Discounts – save on brands like HP, Lonely Planet and Firebox.com. If you pay your balance (and your previous month's balance) in full and on time each month you'll enjoy up to 56 days' interest free credit on all purchases.								Services Services Student Credit Card Advantages Advantages 1. Credit Card available for all students. 2. 10% off all products with HP UK, £5 Firebox voucher, 15% off everything at iWorld.co.uk, Free DVD rentals by post. 3. Never miss a credit card payment, and avoid late fees. Disadvantages Disadvantages 1. Balance Transfers on Student Credit Card accounts are not permitted. 2. Maximum credit limit of £500. 3. 18.9% APR is high.