What kind of credit cards can students apply for?
College students can apply for credit cards. As long as you are over 18 years old, you can go to the bank to apply for a credit card. If college students want to apply for a credit card, it is recommended that they apply for it during the first semester. After all, many banks will have corresponding activities during the first semester. It may be smoother for college students to apply for a credit card at this time.
Of course, college students can go to a bank branch to apply for it themselves. They just need to pay attention to choosing the card type according to their own needs. For example, you can choose to apply for a card specially designed for young people, because most of these cards are ordinary cards, the application conditions are relatively simple, and it is easier to apply for them.
If you apply for a platinum credit card, it will be difficult to do so. After all, college students do not have formal jobs and therefore do not have a stable source of economic income. And a high-level card like the Platinum Card has high financial requirements for the cardholder. Naturally, when faced with customers such as college students with average repayment ability, the card is usually refused to be approved.
College students can also directly apply for a credit card online. The online application steps are simpler. You can log in to online banking on a computer or mobile banking or credit card APP on your mobile phone.
Types of credit cards
According to different card issuers, they can be divided into bank cards and non-bank cards
Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.
Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.
According to the different objects of issuance, it can be divided into corporate cards and personal cards
Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, military units, groups and other legal entities.
Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.
According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards
Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.
Gold Card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.
According to different repayment methods, credit cards can be divided into credit cards and quasi-credit cards
Credit cards. When the card-issuing bank provides bank credit, it is first used as an overdraft, and then repaid or paid in installments. Most of these cards are used internationally. That is to say, the way that cardholders are allowed to pay off their credit card accounts without deposits is "spend first, deposit later". Most of these cards are used internationally.
Quasi credit card. It is a credit card issued by a bank that allows you to deposit money first and spend later. When applying for a credit card, cardholders need to deposit a certain amount of money in the card-issuing bank for backup. Cardholders need to use the deposit balance as a basis when using the card. Overdrafts are generally not allowed.
According to the different circulation scope of credit cards, they can be divided into international cards and regional cards
International cards. An international card is a credit card that can be used outside the country of issue and is accepted worldwide. The five major overseas groups (MasterCard, Visa International, American Express, JCB and Diners Club) issued MasterCard, VISACard, American ExpressCard and JCB respectively. (JCBCard) and DinersClubCard are mostly international cards.
Regional card. A regional card is a credit card that can only be used within the issuing country or within a certain region.
Most of the various credit cards issued by commercial banks in my country are regional cards.
What are the credit cards that students can apply for
Some banks have launched exclusive credit cards for young people, such as Industrial and Commercial Bank of China Peony Student Card, China Construction Bank Long Card College Student Card, Agricultural Bank of China Excellent Card (Campus Edition), China Merchants Bank Young Card (Campus Edition), etc. If the student cannot provide proof of employment and income, and cannot guarantee normal repayment, the bank will still be cautious in reviewing the student's card application, but will also consider issuing a card to the student
In addition to applying for a parent's credit card as the primary card, the bank In addition to supplementary cards, you can also apply for the following credit cards:
1. Young card dual-currency credit card is a credit card specially targeted at college students. The application method is relatively simple. You only need to provide your identity information and your personal information. Proof of assets.
2. Peony Student Card is a dual-currency credit card product specially designed for college students and graduate students. Those who need to be in 211 key universities directly under the Ministry of Education or above, or those who have positions in colleges and universities can be considered.
3. Fantasy card is also a good choice. It is also a credit card for students. It also requires proof of enrollment and university cadres.
: Credit card is also called a credit card. A credit certificate issued by a commercial bank or credit card company to a credit-qualified consumer. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.
Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).
Bank card. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs. Not a bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.
What are the credit cards that college students can apply for
ICBC Peony Student Card, CCB Long Card College Student Card, Agricultural Bank of China Premium Card, CITIC Ioutiao Card, etc.
If students cannot provide proof of employment and income, and cannot guarantee normal repayment, banks will still be very strict in reviewing students’ card applications, so they will consider issuing cards to students. , some banks have launched exclusive credit cards for young people, such as Industrial and Commercial Bank of China Peony Student Card, China Construction Bank Long Card College Student Card, Agricultural Bank of China Excellent Card (campus version), China Merchants Bank CITIC I-Tiao Card, etc.
ICBC Peony Student Card. The application conditions are that you must be over 18 years old and have full capacity for civil conduct. The first contact person must be a parent or spouse. You must go to an outlet with your ID card and student ID card. Online application is not supported. And you must have a certain deposit in ICBC or your parents as a guarantee for the repayment. The credit limit is 500 yuan for undergraduate students, 1,000 yuan for master's students, and 2,000 yuan for doctoral students. The longest interest-free repayment period is 56 days, and repayments can be divided into 3-24 months. Peony Student Card is an international credit card product specially designed by the Industrial and Commercial Bank of China for college students and graduate students. The annual fee is waived in the first year, and cardholders can reduce the annual fee for the following year by swiping the card three times or spending over 3,000 yuan. In addition, ICBC will also provide credit reports to students with good card-holding records.
CCB Long Card College Student Card.
As long as full-time undergraduate students over 18 years old can apply for a CCB college student credit card, remember to bring a copy of your ID card and student ID card. Relevant statement materials are also required to apply for the card, which must be filled in and submitted by your parents or relatives. The credit limit is 1,000 yuan for undergraduates, 3,000-5,000 yuan for masters, and 5,000 yuan for doctoral students. The longest interest-free period is 50 days, and repayment can be divided into 3-12 months.
Agricultural Bank of China Premium Card. There is no guarantor or deposit required for the secondary card. You only need to provide your student ID card (freshmen who have not received a student ID card can use the admission notice instead) and a copy of their ID card to apply for the card and enjoy the discount of points for swiping the card. The credit limit is generally 500 yuan, with a maximum of 2,000 yuan. Provides an interest-free repayment period of up to 56 days, and currently does not provide installment repayment services.
CITIC Baitiao Card. The special function of CITIC Baitiao Card is that it cooperates with JD Baitiao to help students develop personal credit records while they are in school. Moreover, CITIC Baitiao Card can provide cardholders with an interest-free period of more than 80 days, and users of JD Baitiao can also enjoy 30 days of interest-free period. Cardholders who swipe the card or withdraw cash once will be exempted from the annual fee in the first year, and swipe the card or withdraw cash 5 times to be exempted from the annual fee in the following year.
What kind of credit card is easy for college students to apply for?
If college students want to apply for a credit card, it is generally not recommended to apply for a high-level platinum card that has high application thresholds and strict requirements on the applicant's economic income level. , and regular cards and gold cards with lower application thresholds are more suitable for application.
Unless your family is very wealthy, you already have a lot of assets in your name, and your economic level is really high, then it is no problem to apply for a platinum card.
Of course, most people recommend applying for a general card first. Everyone needs to pay attention to the fact that many banks have campus credit cards specially launched for college students, as well as youth credit cards for young people. For example, China Merchants Bank's YOUNG card (youth version), Bank of Communications' Y-POWER card (campus version), China Construction Bank's JOY card (student version), etc. You can also specifically choose such cards to apply.
However, the initial limit of a credit card is not expected to be high, and some campus cards may have an initial limit of zero. But don’t worry too much. The card limit is not static. As long as you pay attention to accumulating good credit in the future, the bank will naturally increase the limit.
Extended information:
Can college students open a credit card?
College students can apply for a credit card, as long as they are 18 years old or above and have full capacity for civil conduct. Many banks have also launched exclusive credit cards specifically for college students, such as China Construction Bank’s JOY card (student version), Bank of Communications Y-POWER card (campus version), China Merchants Bank YOUNG card (campus version), etc.
Of course, the applicant must have good credit. If the credit is not good, once the bank finds that the applicant has credit problems during the approval process, it will naturally refuse to approve the card.
Everyone needs to note that since most college students do not have stable financial income, the credit card limits they get are generally not high, and some provide an initial limit of zero, so they need to save money first before spending. Unless the student's family is wealthy and he has a lot of assets in his name, then it is possible to get a high-limit credit card.
If a college student is under 18 years old, he or she cannot apply for a main credit card. It is recommended that you wait until you are 18 years old before trying to apply; or if your parents have a credit card, you can also apply for your parents' credit card first. supplementary card to use.
That’s it for the introduction of credit cards that college students can apply for.