Chances are that if you attend Uni, or are at the age to, you’ve been deluged with offers to apply for your pre-approved student credit card. If they haven’t landed in your postbox, you’ll find all the major credit card suppliers and banks vying for your attention at the freshers faires when you start your year. Is there really a difference between a student credit card and a regular low interest credit card – other than all the free swag you can get if you apply for at the faires?
The answer is both yes… and no. A student card is rather like a regular card on stabilizers – helping to keep you steady while you get the hang of managing your newfound financial independence. It’s designed with features that make it appealing and especially useful to a student who is just starting off on building a credit history. Generally, they carry a relatively low APR (annual interest rate) and have very small credit limits – usually between
