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Credit Cards for Students with Bad Credit History/ with No Income

Credit Cards for Students with Bad Credit History/ with No Income:
To obtain a credit card without the proper credit history in near to impossible this is near to getting a job with no experience.  As the new graduates has to work for some time period with the low wage rate the same way the students are also entrusted by the banks for providing the credit.

This problem will be resolved after the students create their own good credit track record this is evaluated by the banks who provides the credit to the students. As according to the time the students will get the experience and they change their job according tom their experience basis and they start to demand high wage rate the same way the students good credit record build’s the good reference to the credit providing banks.

The banks provide the credit on the basis of the older credit repayment behavior adopted by the student. If particular student has paid the amount taken at the stipulated time period of the bank then this record becomes the reference sheet for the other banks it will be considered that the student will repay the amount on the timely basis as done before.

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In deed credit card provided to the student without the credit history is like taking a risk by the bank. The banks such as the HBS Orchard, First Premier and City Credit Card are the banks that provide the credit card facility to the students without the credit history but instead they do charge a high rate of interest on the amount compared to the other banks.

This is done because the banks are taking the risk of providing the credit card to the person with no credit history. This type of credit providing system is beneficial to the person without credit history. By this type of facility the person can built the good credit history and jump to other banks that provides credit at lower rate of interest.

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