Journey Student Rewards
Every parent wants their child to start out on the correct road to financial integrity. There are many ways to do this. In the old days or least when I was a kid you received a cash allowance. You had to make this money last for the week until your next allowance was due. If you had a conscientious parent, they would sit down with you and teach you how to govern the money that they were giving you. Not necessarily telling you what to spend the money on but the best ways to spend it and if you wanted something that was more than your allowance, they would show you how to save up for the prize you had your on eye on.
With the advent of technology things today have changed immensely. To date you need to teach your child how to use a credit card. A good way to do this is to have a credit card for your teenager. Or, if you are a teenager just setting out on your own and you will want to know what the best credit cards are for you since you have no credit history. May I suggest taking a look towards Capital One as your portal into the realm of responsible credit card use?
Capital one has many credit cards available for many different types of credit situations. They have a specific credit card for teenagers that take into account that you don’t have much of a credit history. This credit card is designed for teenagers and students and helps them build good credit.
Capital one has also looked at the fact that most teenagers and students use computers and cell phones more than any other age group. Therefore they have set up this credit card for teenagers and students to be able to customize text and email alerts for free so that they can stay on track with what they owe and how they’re paying. They even have added tools on their website to help you learn more about credit.
A great feature to this credit card geared towards teenagers and students is that it actually has a cashback reward program attached to it. You’ll receive 1% cashback on all your purchases plus a 25% bonus on the cashback you’ll earn each month you pay your bill on time.
This credit card for teenagers also offers zero liability for any fraud perpetuated against the credit card if it is lost or stolen.
The Journey Student Rewards credit card from Capital One for teenagers or students offers a 19.8% APR for purchases and balance transfers, which may not be as low as you can get on any other credit card if you have a regular one, but is a decent APR if you are just starting out. If you pay off the credit card prior to the end of the grace period than you will have no interest applied to the account. This is a very good habit to get into because it will keep you from overspending your budget. After this the fact there’s no annual fee with this credit card and you can easily gain cashback rewards without any extra expense.