Promotion of Credit Cards in Colleges
Credit Card offers 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 perks are usually burgers or pizzas. This is very common in my college campus. It is amusing to think that university students of all people would fall into this trap. The reality is that a lot of students do get drawn by free pizza ads, and for the sake of having a pizza, fill out credit card applications.
Even though this method is deplorable, I received my first credit card this way. We will talk about Chase Student Credit Card Review.
Chase offers college students a credit card called, Chase +1SM Student Master Card. Chase student card is an ok card, not too great, but not too bad either.
As my Capital One credit card had a 0% offer, I thought Chase would have the same rate as well. After I received my first bill, I came to know that I was being charged an APR of 13.24%, which is substantially 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.
One of the incentives Chase Student Master Card offers is the karma points. Karma points offered by Chases are quite frankly 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. What’s even better is that you can link your credit card account with your existing chase bank 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 seeing when my credit limit will increase.
Having your credit limit increased is definitely a bonus. The reason is it helps in improving my fico credit score. I am much more interested in having my credit score increased rather than having my credit limit increased. My credit I have, and the less debt I have on it, the better the chances of increasing your credit score. So, having as high a credit limit is definitely a good thing. Other ways save money in college.