Student visa credit card
Students are fast becoming a soft target for almost all credit card issuing companies these days. One of the primary reasons is that this sector is proving to be one of the highest expenditure groups. Year after year, total expenditure in this sector has been exceeding all speculations. In view of this extravagance, most banks and other financial organizations, including leading companies like Master Card and Visa, have introduced many types of student credit cards.
This article throws light on the types of student visa credit cards introduced by the credit card company, Visa for students. These cards enjoy increasing popularity among students.
The first type of student visa credit card is the VISA Edge Card (Maestro) for college going students. The foremost feature of this card is that it provides the credit card holder with the facility of 0% APR, which is continuous for 6 months if you are taking advance cash. However, this scheme is for the early six months, while the standard purchase APR is 18.24% for six months. If you prefer ATM balance transfers and other cash transactions, then the APR is 0% for six months. You can also avail discount (up to 5%) on purchases at gas stations, grocery and shopping malls and various supermarkets across the world.
Apart from the Maestro Visa card, another type of student visa credit card is the VISA Driver Card. The core endorsing facet of this student visa credit card is that apart from giving a similar 0% APR on the cash advances for six months, it also provides the credit card holders with a 0% APR on intro purchases and balance transfer transactions for six months. It provides 18.24% APR on standard purchases. Like the Maestro Card option, it also provides 3% rebate on all purchases made at gas stations, drugstores and all supermarkets across the country. These rebates and discounts are strong points of the companys promotional strategy.
Platinum Visa Card is another option. The services of this card are similar to the maestro card. Only difference is that it doesnt require any co signer or a minimum account balance on the part of the credit card holder. Thus, students find this card easy to obtain as compared to the other type of credit cards. You must know that all these student visa credit cards have no annual fee for the students to pay. It doesnt sound that difficult to obtain a credit card now, if youre a student, does it
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