10 Credit Cards Every Student Should Consider
As a college student, you may be considering your first credit card to build your credit score and enjoy the benefits of having a credit card. With so many options available, it can be overwhelming to choose the right one. This article will outline ten credit cards that every student should consider.
1. Discover it® Student Cash Back
The Discover it® Student Cash Back card offers numerous benefits for students, including a 5% cash back on rotating categories each quarter (up to the quarterly maximum), a 1% rebate on all other purchases, and no annual fee. Additionally, the card issuer will match all the cash back you earn at the end of your first year automatically.
2. Chase Freedom® Student credit card
The Chase Freedom® Student credit card is designed for students aged 17-24 with a credit limit up to $1,000. The card offers a 1% cash back on all purchases and a $0 annual fee.
3. BankAmericard® Credit Card for Students
This card provides a 0% introductory APR on purchases for the first six months, followed by a variable APR of 13.99% to 23.99%, depending on your creditworthiness. The card also has no annual fee and provides a low credit limit, making it suitable for students.
4. Capital One SavorOne Student Cash Rewards Credit Card
This card offers unlimited cash back rewards, an intro bonus after spending a specified amount within the first three months of account opening, and a 0% annual fee. You can also earn 3% cash back on dining and entertainment, and popular streaming services, and 1% on all other purchases.
5. Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®
This card offers a rewarding program that allows students to earn miles for every dollar spent on purchases. Upon reaching the miles requirement, the student can redeem the miles for free flights from any airline using the AAdvantage® program.
6. Journey Student Rewards VISA® Credit Card from Capital One
This credit card is designed for students with no credit history or poor credit scores. The card provides a 1% cash back reward on all purchases, a $25 annual fee, and a low credit limit, but it reports to the three main credit bureaus, thus helping students establish their credit score.
7. Deserve® EDU Mastercard for Students
This card is designed for international students who may not have a credit history or a Social Security Number (SSN). The card provides a credit limit up to $4,000, 1% cashback rewards on every purchase, and no deposit is required.
8. Self Mastercard®
This secured credit card offers a credit line up to $2,000 for students with no credit history or poor credit scores. The card reports to all three credit bureaus, helping students establish their credit score, but it has a $35 annual fee.
9. Petal® 2 “Cash Back, No Fees” Visa® Credit Card
This card offers cash back rewards, 1.5% on all purchases made every two weeks, and 1% on other purchases. The card has no annual fee and provides a low credit limit but reports to all three credit bureaus.
10. OpenSky® Secured Visa® Credit Card
This secured credit card offers a credit line up to $3,000 for students with no credit history or poor credit scores. The card reports to all three credit bureaus, helping students establish their credit score, but it has a $35 annual fee.
Remember, it’s essential to use a credit card responsibly, pay your bills on time, and avoid maxing out your credit line. Choose a credit card that suits your needs and build your credit score for your financial future.
