Discounts: some student credit cards also come with exclusive discounts that can help you to save money while you’re studying, such as a Tastecard which offers discounts at restaurants or a Railcard that gives you a third off most rail fares in England, Scotland and Wales.
Spreading the costs of purchases: you can buy something today, then repay the money over several months.
Disadvantages can include:
Debt: If you fail to keep up with the monthly repayments, you can land yourself in debt. If you don’t pay off the balance in full each month, then you can also find yourself paying high interest rates. This can negatively impact your ability to apply for credit in the future.