6 Reasons Why Every International Student Needs A Credit Card

No matter which country you choose for your higher education, finances are always the most essential element. With the passage of time, education loan has surely played a pivotal role in making overseas education affordable, but at the same time, we cannot deny the fact that the introduction of credit cards has made it easy to manage the petty expenses during overseas education, which might have been a hassle otherwise. Gone are the days when credit cards used to be a necessity for the employed or business class people only, these days credit cards have become a requisite for the students aspiring to pursue an overseas education. If you are also an aspirant looking forward to pursue your further education abroad, let’s see how a credit card is a must have thing for you. Secure Transactions Transactions made through a credit card are more secure as compared to those made through a debit card. In case of in-person theft or loss, where a debit card puts your cash assets at risk, a credit card is much safer and can be easily blocked. Adding to the advantage, you can easily disconnect with the credit card in case your information is compromised. Building a Credit history Credit history is an important part of your economic success, just like income and savings. Borrowing small and large amounts from the bank and then repaying it back on time helps you build up a credit score, which reflects your accountability and further helps you a lot in case you need some loan in the future. It depicts that you are capable and responsible enough to pay back the borrowed amount on time. Unforeseen Situations Expenses such as medical emergencies, auto repairs or plane tickets can be a big hassle in a student’s life. Thus, in order to overcome any such unforeseen situation, a credit card can be your helping hand and also offer you the time and flexibility of a billing cycle to get your finances in order without being at a loss for necessary cash. Collateral Deposits A few services such as car rentals, hotels, and cell phone companies etc often insist on submitting a credit card while signing up. This is called collateral, which is something of value that can be used as a security deposit. Using a credit card for such security deposits help you avoid losing access to cash. Financial Independence Sometimes, financial imbalance can create a hassle in your life. Situations, like waiting for your salary or waiting for a wire transfer to hit your account, may test your patience and leave you in a chaos of temporary financial crisis. In such situations, a credit card is a blessing that can help you curb with the problem by helping you manage your everyday expenses, which you can easily pay back once you receive your payments, thereby making you financially independent. Unexpected Charges A few items such as cell phone plans, bus passes, and electronic toll booth readers are subject to unexpected charges. To add to it, transportation passes often require you to maintain a balance that is automatically refreshed through your registered card in case of insufficient balance. Caught by such miscellaneous unexpected expenses, you can find yourself unexpectedly without cash, thus credit card can be extremely helpful to help you survive through such situations. Student Testimonials “I would like to thank my counselor for helping me to choose Sheridan College and helping me for my visa process. I rate Edwise 10/10, not just because you'll helped me reach Canada but also because the effort was worth it and I feel happy and satisfied. I secured a job as well on campus. Any queries about the college or studying in Canada, contact Edwise. I once again thank you very much!!” Name: Ganesh NeelanjanmathrnCountry: CanadarnUniversity: Sheridan College “It was a great experience with Edwise. I would like to thank to entire Edwise team for their Support when i was stuck and lost the hope. You People are doing great Job. Thanks Once again.” Name: Bhavana B. SrnCountry: USArnUniversity: Syeacuse “Great help by my counselor right from choosing the correct university, program to application process and visa application. The whole process went smoothly because of counseling from Edwise.” Name: Pooja KalernCountry: AustraliarnUniversity: University of Sydney rnEdwise Overseas Education Consultant We at Edwise streamline and personalize the process for each student irrespective of the destination, institution, course or any level of study. Our team of experienced professionals will provide you individual attention and exceptional guidance throughout your process of application. We provide assistance related to course selections, admission, visa, bank-loan and scholarships. We also host University delegates for direct student interaction and all these services are provided free of cost. We have established since 1991 and have been maintaining strong networks with over 575 universities in 16 countries, hence giving us a unique insight into the finest educational establishments worldwide. Start your education overseas with valuable information on everything you need to know about studying abroad from study permits, temporary resident visas and how much it costs, to finding a program. Do visit your nearest Edwise branch and choose your university carefully under our expert guidance and ensure that you have all your paperwork in order. Once you apply, and the wait is over, you can really begin to look forward to not only studying in a beautiful and vibrant country, but also to a life experience quite like no other.