In university, credit card advertisements are every where. The primary sweeteners aren’t even low interest rates or other credit card related issues. Instead, the enticements for credit cards are free pizzas and burgers. In my campus this is quite common. One would think it’s comical that college students would actually fall into this trap and sign up for a credit card. Just for a free pizza, university students apply for credit cards.
Although I frown upon this practice, I myself received my first card in a same method. We will talk about Chase Student Credit Card Review.
Chase offers college students a credit card called, Chase +1SM Student Master Card. Regarding the Chase Student Master Card, I have to say that I don’t have that much to complain but at the same time I don’t have much to applause for either.
When I first received my credit card, I was under the impression that it was a 0% APR for first 12(I may have mixed it up with Capital ONE). When I opened my first bill, to my horror it was 13.24%, which is very high. Because of this, I started being careful when it came to finances, as I already made one mistake in terms of assuming a 0% interest and can’t have any more surprises. I would usually pay off my entire credit card, instead of adding more debt.
One of the incentives Chase Student Master Card offers is the karma points. As an incentive, Karma points offered by Chase are pretty useless. Don’t consider Karma points as an incentive when considering for chase student credit card. The one thing I like about the credit card is the bill paying option, which is quite easy - I guess it is a lot easier given that I am active user of online banking. 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 waiting for the next credit limit increase.
It is a definitely nice to see your credit limit increased. The reason is it allows you to raise your credit score. I am interested in increasing my credit score rather than increasing my credit limit. My credit I have, and the less debt I have on it, the better the chances of increasing your credit score. The more the credit limit you have, the better it is. Other ways in paying for college.
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