The right credit card for trainees .

Trainees earn little, which is why they often only receive a prepaid credit card. But there are some providers who offer trainees a “real” credit card. Age and creditworthiness play an important role in young people.

Apprentices: Advantages of a credit card

Apprentices: Advantages of a credit card

Some trainees are not yet of legal age or only have a low income. The question arises whether a credit card is of any interest. It definitely is because it offers numerous advantages.

When you are young you want to explore the world, but you have little money at your disposal. With the right credit card, you can withdraw cash free of charge worldwide and effectively reduce travel costs. Some training centers allow you to stay abroad for several months. Here, withdrawing money from the machine would cause unnecessary costs that you can cleverly handle with this card.

The credit card is also a good teacher: the cardholder learns how to deal with money because he has a limited credit line. In addition, when shopping online you can get the best bargains for which a credit card is required. It makes everyday life much easier and allows immediate payments, as the spontaneous flight booking requires.

Credit card models for trainees

Credit card models for trainees

In the past, there were only credit cards with a certain credit line. However, such a card can only be purchased from the age of 18, as it requires full legal capacity under the German Civil Code. This picture has changed and credit cards on a credit basis are also available.

Of course, the credit limit is significantly lower than that of a top earner. After all, trainees are young people who are not very familiar with money transactions. The banks also know this and set the appropriate standards. In general, it is somewhat more complicated for this group of people to obtain a classic credit card, since the credit line depends on the credit rating.

The prepaid model is recommended so that the trainee is not in debt. The necessary money is booked directly on the card and is available within a short time. A transfer can be done via online banking from your own checking account. In addition, a prepaid credit card is even available for trainees under the age of 14.

Services and conditions

Services and conditions

The money is needed elsewhere during the apprenticeship: Even as an apprentice, you want to spend a nice evening with your friends or treat yourself to a little something. Since the credit card must not swallow assets, which is especially true for expensive additional services.

An expensive additional insurance included in the credit card or other protection services are not necessary for trainees. Only health insurance abroad makes sense if you are often traveling. You can also forego discounts or discounts for events.

Credit card cost structure

Credit card cost structure

As a trainee, the focus should be on the fee structure. A free credit card with no annual or monthly fees is preferred. The cost of cash abroad should be cheap or even absolutely free of charge. Withdrawals may not exceed 2 percent of total sales. In addition, despite the low interest rate phase, the credit must have a fair interest rate.

All sales should be visible online – and please, without any extra costs. It goes without saying that bank statements or card payments are free of charge within the Good lender. The issuing fee for the card may not exceed 25 USD. As a rule, the daily limit is limited to a sum of 200 to 1,000 USD in order to avoid high levels of debt.

Trainee credit card: special features

The young trainee needs the credit card to pay bills. In addition, he would like to withdraw money cheaply abroad and travel safely. In contrast to business credit cards, the entire organizational part, with which the sales can be structured better, is eliminated. A simple interface is sufficient, with which you can understand the account management.

Financial institutions often advertise with a free checking account in combination with a credit card. If it is a fair offer, you should think about it. It is easier to manage finances with a provider. Sometimes some services from the premium card area are included. Since the providers know their target group, they advertise with extras such as 50 music downloads or similar specials.

Conclusion

Conclusion

Trainees can also benefit from the right credit cards. Here the lowest possible fees are important. Rather do without special services that you can book later.

These points distinguish the right credit card for trainees:

  • Prepaid model for minors
  • Available from 18 “real” credit cards
  • no annual or monthly fee
  • Withdraw cash free of charge
  • fair credit interest
  • only sensible additional service
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