If the cardholder can use the credit card flexibly and store and spend it for a period of time, the issuing bank may increase the credit card limit. Once the credit card has a quota, the cardholder can not only overdraw the consumption, but also borrow cash in advance.
When the cardholder accumulates a certain credit record and applies for a credit card again, the approved credit limit may be higher, and it is no longer a zero credit card. If the amount of the second credit card is higher, it can also help to increase the amount of the first zero credit card.
Once a credit card has a credit limit, the cardholder needs to remember to repay it on time to avoid overdue and affecting his personal credit record. Bad credit records will have an impact on future credit business.
In short, students may get a zero credit card when applying for a credit card. By using credit cards flexibly and establishing a good credit record, you can increase the credit card limit and enjoy more uses of credit cards. However, cardholders need to pay attention to timely repayment and maintain a good credit record.
Is there an annual fee for student credit cards?
No. Because there are no restrictions on student credit cards, or only some restrictions, banks usually provide annual fee reduction during the validity period. Of course, some banks also reduce the annual fee for the first year of student credit cards. If they spend six times, they can reduce the annual fee for the next year. At this time, students must reduce the annual fee by swiping their cards.
To sum up, most students' credit cards have no annual fee. Even if they charge an annual fee, they can reduce it by swiping their cards.