You should also make a note of the accounts you have and the relevant telephone contact information, which may be different than the U.S.-based number. ![]() This prevents your accounts from being frozen when your cards are used overseas, which otherwise could appear to suggest suspicious or fraudulent activity. 3 Compare student credit cards to find the one most suited for your spending needs.īefore your study abroad trip begins, you should contact your debit and credit card issuers to inform them of where and when you’ll be traveling. The Discover student credit card helps you build your credit history. If you charge sensibly and pay your bills on time, you’ll be building your credit history for life after college. 2 You build credit history even while abroadīuilding credit history is one of the main advantages to carrying a credit card and you’re not doing that if you’re using cash. With Discover cards, you’re never responsible for unauthorized purchases on your Discover Card account. However, many cards have fraud monitoring that may help detect fraudulent transactions. If you’re carrying cash and your wallet is stolen or lost, bid your money farewell. If you can, say, charge dinner on a card instead of having to find cash, that may be the most cost-effective solution. Cash can get lost and be difficult to change into local currency. Using a credit card abroad may save you some money if your credit card doesn’t charge foreign transaction fees. Credit can be cheaper than cashĭebit cards can come with hefty foreign transaction fees and international ATM fees. Consider these four reasons for why you should use a credit card while studying abroad. One way to help ensure your trip abroad is as hassle-free as possible: a credit card. Meeting new people, learning about new cultures, and taking in all the sights and sounds of your temporary home are all part of what make it such an adventure. Studying and traveling abroad may be one of the greatest experiences you can have while in college. Study abroad and credit cards: Best practices That’s up to $75 cash back each quarter! Plus, you always earn Cashback Bonus when you use your Discover card. 1 Another option is the Discover it® Student card, which allows you to earn 5% Cashback Bonus on up to $1,500 in different category purchases each quarter, when you activate. ![]() Plus, earn unlimited 1% cash back on all other purchases. If you’re a student with a Discover it® Student Chrome card, there’s no sign-up to earn 2% Cashback Bonus® at gas stations and restaurants on up to $1,000 in combined purchases each quarter, automatically. Hopefully these answers can help address any concerns and make you feel more confident about what, for some, is their first major financial choice as an adult. Several questions come up again and again from young credit card customers wondering about the process and benefits of a student credit card. Below, find some of the answers to help you take the right next steps for you. If you’re exploring using a credit card for the first time, you may have some questions about student credit cards. Otherwise, the card should work similarly to any other credit card. You do have to be a student to get a student credit card. Student credit cards can offer an opportunity to improve your financial literacy while earning rewards geared towards students. ![]() Using a student credit card may help people build a credit history. Student credit cards typically have benefits, like cash back rewards or access to helpful features. If you’re over the age of 18, have a source of income, and are enrolled in a college or university, you may be eligible for a student credit card from Discover.
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