With A-level results in the bag many students are preparing to head off into the big wide world of university.

Not only will most of them be fending for themselves, likely for the first time, approaching a life changing experience; they will also be entering into the land of credit.

With the new academic year soon approaching it's important that students are well equipped financially.

There are a number of banks that are offering student friendly accounts, loans and credit cards but it's vital that all this credit comes with the appropriate advice to ensure they are borrowing responsibly.

It's very tempting for a young student straight out of school or college to get carried away with all the credit available to him/her but they must be aware that it comes at a cost. Though student credit can come with less interest than others they will still have to pay for the luxury of borrowing.

A credit card can be a lifeline for a student in need of text books, lap top or other materials but with the temptation of living it up as a student its even more important to keep a lose eye on your spending.

Credit cards do come with the added bonus of purchase protection, loss protection, offer travel advantages and can help build or rebuild your credit rating. Though this can sometimes be more appealing than a loan you still have to be sure that you are aware of the good and the bad points. Be sure that you get the best deal for your requirements, it's very easy to be tempted by the extra benefits and incentives some cards may offer.

Compare Student Credit Cards.

If you are a college student, acquiring a college or student credit card is the easiest way to build a good credit history. Perhaps you have seen credit card applications displayed around campus. The application process is very simple, and most people are approved. Although obtaining a credit card is perfect for proving credit worthiness, it is essential to responsibly manage credit.

Advantages of a Student or College Credit Cards

Aside from the obvious advantage of establishing credit history, student credit cards are ideal for basic purchases. For the most part, college students are strapped for cash. Hence, a college credit card may be used wisely to purchase semester books and pay for other unexpected expenses that arise. Furthermore, some college students obtain a student credit card to purchase an inexpensive used vehicle.

On average, student credit cards have a low limit. Average credit limits are about $1,000. Credit card companies recognize that first time credit card users may become overly excited with seemingly "free money," thus, the limits are kept low. Low credit limits make student credit cards easier to manage. As you build credit, the credit card company will gradually increase your spending limit.

How to Use Credit Wisely

To avoid accumulating excessive debts, college students must resist the urge to buy whatever they want. In some instances, a college credit card company will approve students for a large credit limit. This is dangerous. Do not purchase items you cannot afford. By doing so, you will likely join millions of other people who are drowning in debt. Rule of thumb: payoff balances each month. This contributes to you remaining debt free.

How to Apply for a Student Credit Card

To get approved for a student credit card, college students must be employed. The application will request employer, income, school, and personal information. Moreover, the creditor will review your credit report. Prior to completing the application, you should read the terms of agreement. What is credit card's introductory rate? What will the rate be after the six month introductory period? Furthermore, what are the late fees, and is there an annual fee? Compare Student Cards and Apply.