One of the first things that most people think of when they hear about CITI student credit cards are the good things that come with them. But there are some cons as well. Before getting a CITI student card, you will want to research your options. You do not want to be taken advantage of. Find out what the best choices are for you and then get one of these cards.
The CITI student card is perfect for someone who does not have a long credit history or too much debt. CITI offers you a card that allows you to make purchases online. They do not allow you to use your regular Visa or MasterCard to make these purchases. It is all about you paying for your purchases with cash or with your credit card.
This type of student credit card is a great tool for anyone who needs cash to buy things but does not have any credit. The benefits are that it will teach you the basics of financial responsibility. CITI wants to get you prepared for a job search after graduation, so this is just another way for them to do this.
When you start your CITI student card program, you will want to make sure that you make your payments on time. This is your chance to learn how to handle money and learn what happens if you fall behind on a payment. It will take some time to build up your credit, but as soon as you do you can apply for a normal credit card. CITI does not recommend getting a normal card right now because there are so many bad cards out there and CITI could hurt your chances to get one.
Once you are a student, your spending power is unlimited. You will be able to get cash advances when needed. This can help pay for some unexpected items while in college, but will definitely not allow you to go out and purchase a new car right away. CITI does not make provisions for student debt, so you have to get a consolidation loan if you need to buy a car.
The best advice for using your CITI card while in college is to avoid going over your limit. This can be very detrimental to your credit. Make sure that you know how much money you have coming in each month before you go over your limit. If you have extra money at the end of the month, you might want to use it to consolidate your debt, but you do not want to blow all your money. If you do this . . . . . . too often it will damage your credit and this is not what you want to do at all.