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When you are in university, you see credit card advertisements just about everywhere. The primary sops aren’t even low interest rates or other credit card related issues. Instead, the benefits for credit cards are free pizzas and burgers. In my university this is quite common. One would think it’s funny that college students would actually fall into this trap and sign up for a credit card. Just for a free pizza, university students apply for credit cards.

Even though this practice is deplorable, I received my first credit card this way. We will talk about Chase Credit Card Review.

+1SM Student Master Card is offered by Chase Bank. Chase student card is an ok card, not too great, but not too bad either.

When I got my credit card, I thought it would be 0% APR. When I opened my first bill, to my horror it was 13.24%, which is very high. As I already made a wrong assumption regarding 0% interest, I started becoming careful when it came to finances. As such, I would pay off my credit card debt each month so that I won’t be burdened with too much debt right out of college.

Chase offers karma points as one of the incentives. Karma points offered by Chases are quite frankly useless. Karma points should not be an incentive when considering for a credit card. The one thing I like about the credit card is the bill paying option, which is quite easy - I guess it is a lot easier given that I am active user of online banking. It is easy to pay bills online and no one should have any problem in that regard. What’s even better is that you can link you checking account and savings account with your credit card, and just pay your bills from checking account to credit card. There also appears to be regular credit limit checks – I was started off with $300, and a few months later I my credit limit was increased to $800, and then a few months later to $1600. Now, I am waiting for the next credit limit increase.

It is a definitely nice to see your credit limit increased. The reason is it lets you get good credit scores. I am not really interested in increasing my credit limit to spend more, but to rather to increase my credit score as it depends on Debt to Credit Ratio. My credit I have, and the less debt I have on it, the better the chances of increasing your credit score. The more the credit limit you have, the better it is. Other ways to save money while in college.

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