Student credit cards are credit cards designed to meet the needs of students in college. These credit cards give you the chance to earn funding interest-free, even if it might be for a short time. In addition to this, student credit cards help you build a solid credit history.
A good credit history will aid you to get credit in the future. Here you will certainly find the best credit card for students if you are looking for a new student card. To learn how to manage and build a solid credit history Click Here.
Best Credit Card for Newbies
Discover it Student Card Review
- You get bonuses for having good grades each year.
- There is also a bonus if you’re a new cardholder.
This student card is good for students who are just using a credit card for the first time. If you don’t know your credit card, you can if you are a Discover it for Students card holder. Discover it for Students credit card offers to calculate and send to your credit score for free. One of the best things the credit card offers is there aren’t many fees which you have to pay.
Student card offers a 5% cash back on purchases you make using the card. The cash back is only granted when you make spendings in categories of purchases. These categories change every quarter of the year. Some categories involve making purchases on Amazon, at gas stations and restaurant.
However, when you make purchases in other categories, you get a 1% cashback rate. Should you be a new cardholder, at the end of the 12 periods of billing, you get your cashback matched. As a student card, it is expected to have perks designed for students. With this in mind, students can earn for themselves an annual of $20. You are only eligible to go this reward when you record an annual GPA of 3.0. Also, the student’s card doesn’t charge either an annual fee or a foreign transactions fee.
One drawback of the Discover it for Student card offer is the fact that you have to find cashback category to use every quarter. Keeping track of this change each quarter can be tiring as one might lose track of it. The card issuer is accepted globally so if you are traveling abroad, then you should take another credit card.
Best Credit Card for Partygoers and Socializers
Citi ThankYou Preferred Card Review
- Various ways to redeem points.
- There is no annual fee charged.
- A sign-up up bonus of 2500 points
If you are the kind of student who goes to hang out with friends and eats out, then this student card is for you. Citi thankyou Preferred Card for Student is a credit card designed for those like to mix up in any social group or gathering. These kinds of students benefit from the Citi ThankYou Preferred Card for College reward system. The worth of the rewards, however, depends on the way you decide to redeem the points.
When you make purchases on entertainments and restaurants, you get 2 thankyou points for every dollar spent. You also get a dollar when you spend on other items. The student card also gives you a sign-up bonus of 2500 points. You are eligible for these points when you make spendings up $500 within the first 90days.
These thankyou points you earn can be redeemed to pay off your student loan. The student credit card also charges no annual fee. Unlike some credit cards out there, there is no limit to the number of reward points you can earn. You can also use the card abroad as a result of the chip technology in the student card.
If you plan on using the card abroad, you should be aware that the card charges 3% foreign transactions fee. The value of redeeming points depends on the way you want to redeem them.
Best Credit Card For Responsible Students
Capital One Journey Card Review
- You can increase the line of credit allowed with the credit card.
- When you make repayments on time, you get a bonus each time.
The capital one student card helps you learn how to properly manage your credit card. The card has a reward system where you get rewarded when you repay on time. This serves as a reason why students should repay promptly. The student card has numerous benefits which appeal to any student in college.
It has a cashback reward system which any student can grasp. This will help you learn the basics of having good credit practices. You get an extra 0.25 on your bonuses when you repay your spending on time. There is also a 1% cash back bonus for purchases you make using the student card. One reason why we like this student credit card is that you can increase your line of credit.
This is only possible when you repay for first five purchases promptly. In addition to no annual fee charge, there also no foreign transaction fee. This student credit card is not limited to just students. Should you lose your student credit card, or have it stolen, your card will be protected by the fraud coverage. Journey Student Rewards from Capital One allows you to select your due date which is best for you each month.
The highest reward rate you get for using the card is 1.25% which by student card standards is quite low.