Credit cards Watch

Najmo nur
Badges: 7
Rep:
?
#1
Report Thread starter 4 weeks ago
#1
I recently turned 18, im planning to work for a year while studying on my own, can i apply for the student credit cards or im i not considered a student?
0
reply
2spooky4u
Badges: 8
Rep:
?
#2
Report 4 weeks ago
#2
(Original post by Najmo nur)
I recently turned 18, im planning to work for a year while studying on my own, can i apply for the student credit cards or im i not considered a student?
No, apply for a normal credit card.
0
reply
Etomidate
Badges: 15
Rep:
?
#3
Report 4 weeks ago
#3
This is seriously not what credit cards are for and this is a fantastic way to enter your adult life trapped in a cycle of high interest debt.
0
reply
FolkPixie
Badges: 8
Rep:
?
#4
Report 4 weeks ago
#4
Don't do it.
Only get a credit card when you have the income to support it and only use them as a kind of "advance payment" for things you can definitely afford to pay off when the bill comes. You don't want to start your adult life stuck in a cycle of debt and low credit ratings.
1
reply
claireestelle
Badges: 22
Rep:
?
#5
Report 4 weeks ago
#5
If you get one just use it for small payments and pay it off in full at the end of the month unless it has a 0% period on it, that will help boost your credit history
0
reply
Najmo nur
Badges: 7
Rep:
?
#6
Report Thread starter 4 weeks ago
#6
Thank you this was incredibly helpful, i come from a low income family and money is never talked about, i'm just trying to gain as much information before i get a credit card.
(Original post by FolkPixie)
Don't do it.
Only get a credit card when you have the income to support it and only use them as a kind of "advance payment" for things you can definitely afford to pay off when the bill comes. You don't want to start your adult life stuck in a cycle of debt and low credit ratings.
0
reply
Etomidate
Badges: 15
Rep:
?
#7
Report 3 weeks ago
#7
(Original post by Najmo nur)
Thank you this was incredibly helpful, i come from a low income family and money is never talked about, i'm just trying to gain as much information before i get a credit card.
And this is one of the reasons that “low income” families stay as low income, because they have a tendency to only have access to very expensive lines of credit.

Credit card debt is very expensive, and if you have no income, that debt is going to compound and grow faster than you can pay it. You will gain debt on the debt.

If you live within your means or get a part time job, there is no reason for you to need a credit card.
0
reply
Etomidate
Badges: 15
Rep:
?
#8
Report 3 weeks ago
#8
(Original post by Najmo nur)
Thank you this was incredibly helpful, i come from a low income family and money is never talked about, i'm just trying to gain as much information before i get a credit card.
And this is one of the reasons that “low income” families stay as low income, because they have a tendency to only have access to very expensive lines of credit.

Credit card debt is very expensive, and if you have no income, that debt is going to compound and grow faster than you can pay it. You will gain debt on the debt.

If you live within your means or get a part time job, there is no reason for you to need a credit card.

It’s also a bad point in your life to get one. You’ll be finding new found freedom and be in an environment that encourages you to spend on nights outs. It’s very easy to put it on a credit card as an impulse and worry about it later.
0
reply
FolkPixie
Badges: 8
Rep:
?
#9
Report 3 weeks ago
#9
(Original post by Najmo nur)
Thank you this was incredibly helpful, i come from a low income family and money is never talked about, i'm just trying to gain as much information before i get a credit card.
I'm from (and am in) a low income family myself...I've never hada credit card and Im 30 now....a small arranged overdraft at the bank someimes to help me through the last few days before payday.
But the best advice i can give you is to work out what money you receive and what you can afford and then stay within your means as best you can x
0
reply
NoTearsLeftToCry
Badges: 21
Rep:
?
#10
Report 3 weeks ago
#10
lmaooooo her username 😂😂
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts

All the exam results help you need

1,029

people online now

225,530

students helped last year

Do you have grade requirements for your sixth form/college?

At least 5 GCSEs at grade 4 (65)
14.54%
At least 5 GCSEs at grade 5 (69)
15.44%
At least 5 GCSEs at grade 6 (84)
18.79%
Higher than 5 GCSEs at grade 6 (180)
40.27%
Pass in English and Maths GCSE (21)
4.7%
No particular grades needed (28)
6.26%

Watched Threads

View All
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise