Choosing the right credit card for a student can be challenging. We’ve got you covered with a comprehensive list of the best student credit cards available.
As a student, getting your first credit card can be an exciting step toward financial independence. But with so many options available, how do you choose the right one? Fear not, because we’ve done the research for you. In this article, you’ll find the best credit cards for students, along with the features, benefits, and rewards that make them stand out from the rest.
Best Credit Cards for Students
Discover it® Student Cash Back
One of the top student credit cards on the market, the Discover it® Student Cash Back card offers a 5% cash back bonus on rotating categories each quarter, up to a quarterly maximum when you activate. For all other purchases, you’ll receive an unlimited 1% cash back. As an added bonus, Discover matches all cash back earned at the end of your first year.
Key features:
- No annual fee
- 0% intro APR on purchases for the first 6 months, then a variable APR of 12.99% to 21.99%
- $20 statement credit each year for maintaining a 3.0 GPA or higher (for up to five years)
Chase Freedom® Student
The Chase Freedom® Student card is another excellent option for students looking to build credit. With a flat 1% cash back on all purchases and a $50 sign-up bonus after your first purchase, it’s a straightforward rewards card with no category restrictions.
Key features:
- No annual fee
- 14.99% variable APR
- Credit limit increases after 5 on-time monthly payments within 10 months of account opening
Journey® Student Rewards from Capital One®
The Journey® Student Rewards card from Capital One® rewards responsible credit habits. With this card, you’ll earn 1% cash back on all purchases, with a 0.25% bonus when you pay on time, bumping your total cash back to 1.25%.
Key features:
- No annual fee
- 26.99% variable APRAccess to a higher credit line after 6 months of on-time payments
Deserve® EDU Mastercard for Students
If you’re an international student without a Social Security number, the Deserve® EDU Mastercard is a top choice. It offers 1% cash back on all purchases and even covers your Amazon Prime Student membership (up to $59) for one year.
Key features:
- No annual fee
- 18.74% variable APR
- No SSN is required for international students
Citi® Secured Mastercard®
For students with limited or no credit history, the Citi® Secured Mastercard® is an excellent option. It’s a secured card that helps build credit by reporting to all three major credit bureaus. With a refundable security deposit, you can establish your credit limit and start building your credit score.
Key features:
- No annual fee
- 22.49% variable APR
- Credit limit determined by your refundable security deposit ($200 to $2,500)
Bank of America® Customized Cash Rewards for Students
The Bank of America® Customized Cash Rewards for Students card is tailored to your spending habits. You’ll earn 3% cash back in a category of your choice, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases.
Key features:
- No annual fee
- 0% intro APR on purchases for the first 15 billing cycles, then a variable APR of
- 13.99% to 23.99%
- Online banking and mobile app for easy account management
Wells Fargo Cash Back College℠ Card
The Wells Fargo Cash Back College℠ Card is another solid option for students who want to earn rewards while building credit. With this card, you’ll receive 3% cash back on gas, groceries, and drugstore purchases for the first six months and 1% cash back on all other purchases.
Key features:
- No annual fee
- 0% intro APR on purchases and balance transfers for the first 6 months, then a variable APR of 12.15% to
- 21.15%
- Access to Wells Fargo’s online tools and resources for credit education
Petal® 2 “Cash Back, No Fees” Visa® Credit Card
If you’re looking for a credit card with no fees and a simple rewards structure, the Petal® 2 “Cash Back, No Fees” Visa® Credit Card is a top choice. With this card, you’ll earn 1% cash back on all purchases right away, with the potential to earn up to 1.5% cash back after 12 on-time monthly payments.
Key features:
- No annual fees, no foreign transaction fees, and no late fees
- 12.99% to 26.99% variable APR
- Offers a credit limit of up to $10,000, depending on your creditworthiness
Conclusion
When choosing a student credit card, it’s essential to find one that aligns with your spending habits, financial goals, and credit-building needs. The cards listed above offer a variety of rewards, features, and benefits tailored to students, making them excellent options for anyone embarking on their credit journey.
Remember that responsible credit card use is crucial for building a strong credit score. Always pay your bills on time, keep your credit utilization low, and avoid carrying a balance whenever possible. By following these guidelines, you’ll be on your way to a bright financial future.
So, what are you waiting for? Start comparing these top student credit cards to find the perfect match for you, and begin your journey toward financial independence today.
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