Chase Student Credit Card - Review of Sorts
Well, it has been a while since I have gotten myself a Chase Student Credit Card, and I have to say that I don't have that much to complain but at the same time I don't have much to applause for either. When I first got the card, I thought that it was 0% APR for first 12(at least I think it was or I mixed it up with Capital ONE), but I am being charged an APR of 13.24%, which is substantially high. Luckily for me, I have been careful while I have been using my credit card, and the next month I would completely pay off my credit card debt. An effective annual percentage rate (APR) of 13.24% is quite high, and I hope it comes down, but I guess I have to look into how that happens or switch to a much more traditional credit card instead of a student credit card.
The karma points or whatever the chase student credit card promises is quite pointless (at least from my experience) so, I wouldn't bother with it. The one thing I like about the credit is the bill paying options which is quite easy. I guess it is much more easier given that I already have a chase bank account, but the billing interfance is a lot simpler and easy and no one should have a problem paying bills on time with chase credit cards. Also, there seem to be regular credit limit checks, and I was upgraded from $300 to $800, and then to $1600, which is pretty good. Capital One on the hand which I had gotten before Chase Student Credit Card is still stuck at $500, and I wonder when my credit limit will be increased.
I am not interested in increase of credit limit to spend more, but rather to improve my credit score. The more debt I have to borrow is good, even if I don't borrow it. So, I would like to have as higher credit limit as possible. Chase Student Credit Cards are okay for any college students, but once you are done, it is better off that you move on to other credit cards which have a lot more incentives plus points that are worth a damn.
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due to financial struggles a lot of students nowadays rely on loans and credit cards to support their education and personal expenses. A lot of financial institutions are taking advantage of it by giving a high interests and extra charges which add the burden of those young ones. That's why it is important to learn managing purchases and controlling expenses.