Yes, you can still use a student credit card after you graduate, but the card may no longer have the student-specific benefits and rewards.
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Yes, you can still use a student credit card after you graduate, but the card may no longer have the student-specific benefits and rewards. It is important to check with the credit card company to see if your card will automatically convert to a regular credit card upon graduation. The credit limit on your student credit card may also change after graduation.
According to NerdWallet, “Some student credit cards may be a steppingstone to other cards from the same issuer. If you’re in good credit standing with your issuer, you may be able to upgrade to a card with a higher credit limit or more rewards after you graduate.” So, having a student credit card and using it responsibly can also help you build credit for your financial future.
Here is a table outlining some important differences between student credit cards and regular credit cards:
| Student Credit Card | Regular Credit Card |
|---|---|
| Typically designed for younger people or students | Available to anyone who meets credit eligibility requirements |
| May have lower credit limits | May have higher credit limits |
| May have fewer benefits and rewards compared to regular credit cards | May have more benefits and rewards |
| May have higher interest rates to offset the risk of lending to students with limited credit history | May have lower interest rates for those with good credit history |
Overall, if you have a student credit card and are approaching graduation, it is important to understand the terms and conditions of your card. Check with the credit card company to see if your card will automatically transition to a regular credit card and if there are any changes to the credit limit or benefits. By understanding the differences between student credit cards and regular credit cards, you can make informed decisions about your financial future. As Bill Gates said, “It’s not your salary that makes you rich, it’s your spending habits.”
See the answer to “Can you still use a student credit card after you graduate?” in this video
According to credit expert John Ulzheimer, students can convert their student credit cards to non-student versions after graduation. This can result in an increased credit limit and more rewards associated with the card. Additionally, converting may help credit scores by lowering the balance-to-limit ratio. Ulzheimer advises choosing a card with no annual fees and rewards like cashback, statement credit, or airline miles for greater usability and financial rewards.
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When you graduate from college, your student credit card won’t change—at least not on its own. You can continue using it or trade it in for a card with better rewards and benefits.
After you graduate, you can keep using your student credit card—especially if you like its rewards program, APR, or fee structure. Besides, the card may be very similar to an equivalent non-student card that your credit card issuer offers.
Student cards also tend to have lower credit limits. Sometimes, when you graduate, your card issuer could reclassify your account so it’s no longer tagged as a student account. But your card will still continue to work.
You don’t have to cancel your student credit card after you graduate. In fact, it’s better that you don’t. While some credit card providers let you keep using your card as before, others prefer reclassifying your card to reflect that you are no longer a student.
If you have a student credit card, a couple of things might happen when you graduate. The most common is the lender will let you keep your student card open as long as you want. If your student card has everything you are looking for in a credit card and you keep using it, you may very well just decide to keep it.
Bank of America customers, who are become eligible to apply for student credit cards once they turn 18, can stick with the payment method post-graduation if they choose (provided, of course, their account is in good standing.)
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Also, What happens to student credit card after graduating?
Sometimes, when you graduate, your card issuer could reclassify your account so it’s no longer tagged as a student account. But your card will still continue to work. In a lot of cases, your card issuer will roll your account into the non-student version of your student card.
Moreover, How long is a student credit card good for?
Response: Credit card companies will let you hold on to a student card for as long as you want. In fact, keeping the account open is a smart strategy for strengthening your credit score—along with continuing to make payments on time and paying off your balance each month.
Beside this, Can graduate students get student credit cards?
Answer will be: Even graduate students with limited credit history can get approved for most student credit cards. Graduate students with good credit or better have the best credit card options, though, as you might expect.
What happens to Capital One student card when you graduate?
What happens to my SavorOne Rewards for Students card when I graduate from school? Although you are graduating, your Capital One SavorOne Rewards card stays with you. You’ll still keep all the same rewards and benefits on your card.
What happens to a student credit card after graduation? The answer is: Once you graduate, you can keep using your student credit card, cancel it or request an upgrade.
Thereof, How do I handle my student card after graduation?
As a response to this: Here are three ways to handle your student card after graduation. After you graduate, you can keep using your student credit card—especially if you like its rewards program, APR, or fee structure. Besides, the card may be very similar to an equivalent non-student card that your credit card issuer offers.
Likewise, Do I have to leave my student credit card behind? You don’t have to leave your student credit card behind when you graduate from college. Credit card companies will let you hold on to a student card for as long as you want.
In this way, Do discover student credit cards automatically upgrade after graduation?
Discover student credit cards automatically upgrade to a similar credit card after graduation. There are advantages to keeping your student card after graduation, even if you plan to get a new one. Learn what information you’ll need to inform your card issuer of after you’ve graduated and how to retain rewards you gained on your student card.
Then, What happens to a student credit card after graduation?
Response: Once you graduate, you can keep using your student credit card, cancel it or request an upgrade.
Moreover, How do I handle my student card after graduation?
The response is: Here are three ways to handle your student card after graduation. After you graduate, you can keep using your student credit card—especially if you like its rewards program, APR, or fee structure. Besides, the card may be very similar to an equivalent non-student card that your credit card issuer offers.
In this regard, Do I have to leave my student credit card behind?
You don’t have to leave your student credit card behind when you graduate from college. Credit card companies will let you hold on to a student card for as long as you want.
Also, Do discover student credit cards automatically upgrade after graduation? As an answer to this: Discover student credit cards automatically upgrade to a similar credit card after graduation. There are advantages to keeping your student card after graduation, even if you plan to get a new one. Learn what information you’ll need to inform your card issuer of after you’ve graduated and how to retain rewards you gained on your student card.