It is easy for students to get a good deal when it comes to finding travel credit cards for students. Students tend to be more susceptible to fraud than the average consumer because of their lifestyle. Many students go abroad as college students or are only in high school. They don't have a lot of expendable income to fall back on when they come back home.
A lower risk in regard to fraud and theft thanks to the added fraud prevention that comes with many credit cards designed for the journey student. You earn points or cash back on all your travel expenses, making your purchases more cost-effective. Travel insurance, which includes car rental coverage if you ever get into an accident, as well as trip cancellation coverage if your trip is cancelled for any reason. The best part about being a journey student is that the benefits start right away; as soon as you hit the ground running.
There are numerous travel credit cards for students offering cash back or other rewards for the frequent traveller. Many offer air miles and even some offer bonuses for shopping in their hotels. These are the type of perks that cardholders earn by making purchases in the participating merchants. This means you are rewarded for shopping in a particular merchant's hotel room, restaurant, or other merchandise.
The way you get the reward depends on the kind of card you choose. Some cards are linked directly to the banks that issue them, meaning if you use your card at a participating hotel or restaurant you earn not only cashback but also bonus points and other incentives. Other cards require a purchase from a foreign transaction fee and then there are others that require a yearly fee and do not offer any kind of rewards for use in a foreign country.
Whether you use a travel statement credit card for purchases or if you have one at all, there are many options for you to earn rewards. If you like to take long journeys you may want a card with a one cent cash bonus for every dollar you spend. Others offer the option of a bonus point for every dollar that you charge to your account. A lot of travel cards offer double points for airline miles, and then others offer a redemption discount when you redeem your points for hotels and airfare.
When you compare travel mastercard and bank cards, you will probably find that banks have the better benefits. This is because they have access to more services and have less competition. Banks also have specific programs to help students pay for their college tuition. Mastercard on the other hand is a bank-based program run by Visa. They currently offer no interest grace period cards for students where you pay the whole balance at the end of your period, and then choose another card which has a higher interest rate for a grace period of between two to five years, depending on the bank.
The best travel credit cards for students will be ones that allow you to earn travel rewards. This would be an incentive to continue to use the card to make frequent purchases so that you will be able to earn the highest points possible. This way you can pay for the whole distance you intend to travel and not have to worry about foreign transaction fees. Some cards offer as much as five hundred points for a one way flight. However, you have to be careful to read all the details before you apply to maximize your earning potential.
Some of the things to consider when it comes to choosing these types of student cards are the incentives available, annual fees, and the foreign transaction fees. You can expect to pay annual fee of around ten dollars per year if you don't pay the balance in full each month. The foreign transaction fees will cost you up to two percent of your purchases. However, most of these annual fees are negotiable so you can find a card that offers a better deal. In addition, there are also some student cards that offer cash back or rebate bonuses in order to attract new customers. The best part is that most of these cards offer no annual fee, so even if you aren't planning to use your card that much, it's worth applying.