When do you actually need a credit card as a student and don't you have to pay a lot of fees for it? We want to address these questions in this article and clarify how you can apply for a fee-free Visa credit card.
Why a fee-free Visa credit card?
With your matriculation certificate you benefit from a free one at many banks Current account for students including debit card and attractive bonus offers. A credit card is not always included – but do you actually need them for student life?
That depends on your lifestyle. Do you travel a lot or do you plan to? Semester abroad with Erasmusplus or another Stay abroad , so can paying with the classic debit card a German bank quickly expensive become or simply don't work . In this case, a credit card makes sense. You can apply for this at your bank - but there are often fees for this. But there are also credit cards that don't linked to a checking account and do not require an annual fee. Just for one Such credit cards are worthwhile for a semester abroad without you falling into an expensive contribution trap.
But also at Online shopping A fee-free Visa credit card can be advantageous. If you spend a lot of time on the Internet and primarily shop online, you can use a credit card pay quickly and easily – also in international shops.
Infobox Difference between debit card and credit card : The debit card is linked to your checking account and the account is debited immediately. With a credit card, a credit limit is granted and payments are usually billed collectively at the end of the month. If there is not enough money in the account, the provider grants a short-term loan. However, interest will be charged on the repayment.
What should you pay attention to when choosing a credit card?
You should pay attention to the following when you have one Apply for a free Visa credit card and especially want to get by without expensive fees when abroad:
- Is there an annual fee?
- Does a minimum turnover have to be achieved?
- What fees apply for cash withdrawals outside the EU?
- What fees apply for payments in foreign currency?
- Is the credit limit limited?
- Is the credit card linked to a checking account?
- Where can the card be used?
- How is billing carried out?
Awa7 Visa – the credit card that plants trees
A fee-free Visa credit card that we can recommend to students is Awa7 . This is not linked to a checking account and comes without annual fees and minimum sales out of. With that you can Withdraw money worldwide for free and Pay in foreign currency without any fees . The credit limit is €2,500 and is interest-free for the first 3 months. You can easily set your desired rate via the smartphone app and the billing will be done automatically by direct debit from your checking account.
And the best: With Awa7 you can Apply for a fee-free credit card that also plants trees ! Because for every new customer, 10 trees are planted. For every €100 spent, another tree follows. Ideal for everyone sustainability is close to the heart.
Reading tip: You can find them here 5 best credit cards for students in comparison
Final assessment
Finally, we would like to give you our final assessment and weigh up the advantages and disadvantages that a credit card has for students.
Advantages of a fee-free Visa credit card for students
- Credit cards are accepted all over the world : This means that students can remain liquid even during their semester abroad
- (Fee-free) cash withdrawals abroad
- (Fee-free) payments in foreign currency
- Bridging financial gaps : Yours Salary doesn't come for another week, but the rent is already due? You can also pay with a credit card if your checking account is in the red
- Pay conveniently and easily when shopping online
Disadvantages of a fee-free Visa credit card for students
- Limited credit limit : for students in a manageable range, usually under €1,000
- Confusion of finances : Danger of losing track of finances and spending too much money and getting into debt
- If the credit limit is overdrawn, some of the credit will be charged high interest rates at
Conclusion
In our opinion, a fee-free Visa credit card is particularly useful for students if they spend a lot of time abroad. A credit card allows you to be able to pay worldwide. If you make sure to choose a card without fees, there will be no extra costs.
Image sources: Many thanks to ignartonosbg ©pixabay.de and ©awa7.de
