Choosing the best college student credit cards for yourself is your roadmap towards establishing good credit.
It’s never too early to start building your credit.
It can have lasting effects on your goals later in life.
Students may not realize how important their credit score is when they are still in school.
But it impacts many things – from getting approved for an apartment to landing a job.
For you to get into college can be your most exciting time in life.
But it will definitely cost you more than what you can take except you have enough money to spare.
College life is hard enough without the added stress of managing your personal finances.
The average cost of a college education is $30,000 per year.
But the costs don’t stop there!
You’ll need money for books, food, rent, and more – not to mention you may have student loans to pay off too!
One way to make life easier as a college student is by finding the best credit card available for students.
Best College Student Credit Cards are perfect because they offer things like cashback rewards programs that will give you money just for using your card each month!
Best of all?
They’re usually cheaper than other credit cards on the market since they’re made especially for those in school or still trying to find their footing financially.
The best college student credit cards are a great place to start, as it builds good credit.
However, it can further prepare you for future financial needs.
Best College Student Credit Cards not only help establish you as an adult in society.
In this article, we’ll explore some of the best options out there for college students who want to build their credit as soon as possible!
2021’s Best College Student Credit Cards
Here are the best college student credit cards option to choose from in 2021.
1. Discover it Student Cashback
The Discover it Student Cashback card is one of the best college student credit cards because of its high cash-back rates.
Earn a whopping $500 in cash rewards over your first year as a cardholder.
You will also be eligible for an unlimited amount every year after that just by using this card for all your purchases!
Best yet, you don’t need to carry a balance from month to month or pay any interest at all on purchases made with this card.
Discover It Card Details:
- Earn $500 in cashback (that’s equivalent to 15% back) during the first 12 months;
- Unlimited bonus cash rewards each year thereafter;
- No annual fee;
- Rate will be variable APR %APR%;
- Minimum late payment penalty = up to 25% then higher rate
More details about the credit card are on this page.
We hope you find it useful.
2. Secure MasterCard from Capital One
Capital One offers a credit card called the Secure MasterCard.
The best thing about this card is that it has no annual fee.
Best of all, you don’t need to have any income for an undergraduate or graduate degree either!
The Capital One Secured Mastercard has low rates and does not require good credit to be approved.
You can use your college student status as leverage because they want students to build their credit scores early on in life.
There are also some great benefits offered with the card like everyday cashback-earning rewards.
This is automatic when you use your card (up to 25% back).
Plus, if something ever goes wrong with your purchase, they offer more than just worry-free shopping guarantees.
College students will also receive a free FICO score.
An annual fee of $0 is just one more reason to choose this card!
Do you think the Secure MasterCard would be best for me?
If so, continue reading below to learn how it works and apply today or consult with your bank representative.
3. Chase Freedom Student Credit Card
The Chase Freedom® Student Credit Card comes with many benefits for students looking to build their credit.
However, this card is perfect for anyone who qualifies as a student and doesn’t have an established credit history yet.
In addition to that, the card comes with a bonus and reward for students after usage.
Most interesting, its low APR and your ability to upgrade its service to something more convenient.
That is why we consider Chase Freedom®’s student credit card as one of the best college student credit cards.
4. Journey Student Rewards from Capital One
This is another best option for college students looking for the best credit card with no credit.
It has a simple design and is very easy to use.
You can enjoy an intro APR of 0% on balance transfers for the first 18 months, qualifying purchases with no interest.
Plus it comes with all the great features you would want from a credit card like cash back rewards, chip technology protection, and more.
The Journey Student Rewards Card might have been designed just for students.
But its benefits are ideal for anyone looking to improve their score or simply get started in building good credit history quickly.
5. Deserve® EDU Mastercard for Students
The Deserve® EDU Mastercard is one of the best college student credit cards brought to you by Mastercard.
It is specifically for students with fair credit.
The card has an intro APR of 0% on balance transfers and purchases for the first 18 months you have it.
Plus no annual or monthly fees to worry about.
It also comes with 24/hr customer service in case you need help at any time as well as a low interest rate on all cash advances (APR 19.24%).
To get your Deserve® EDU Mastercard APPLY HERE!
6. Citi Rewards+℠ Student Card
The Citi Rewards+℠ Student Card is one of the best college student credit cards brought to you by Citibank.
It’s specifically for students that have fair and good credit.
Plus it gives a nice sign-up bonus (25,000 points) after spending $500 in the first three months.
As a College student, you will get 0% APR on balance transfers within 90 days of opening your account with them.
In addition, there are no annual or monthly fees.
So, you don’t need to worry about paying anything extra if you decide to apply!
To get more details click HERE!
Why you should get a card in your own name
It is better to apply for a college student credit card with your own name to establish your history and credit score.
A card in your name will boost your credit score and further create more opportunities for you after college.
If, and when you graduate from college, you will be able to qualify for the best credit card offers.
Just because of your good credit while being an undergraduate student in college.
How to avoid high interest rates and fees
College students can be eligible for several credit card offers.
But these cards may carry higher interest rates or fees that make them less desirable.
When you’re searching for the best college student credit card offers.
It’s important to look at all features of what credit cards offer before making your decision.
Several factors could affect whether or not a particular offer is worth its weight in gold:
- The annual fee charged by the issuer;
- Whether there is an introductory APR period on balance transfers and purchases;
- How much cashback is offered as part of reward programs?
Check Out: Cheapest Masters Degree In The USA
Tips on how to make the most of your card
The first thing to look after is that some cards offer cashback as part of their reward programs.
When you’re looking for the best college student credit card offers
It’s important to ask what rewards are offered and how much they amount to decide if a card is worth your time.
Secondly, use your own judgment when deciding whether or not an annual fee is worthwhile but make sure that any benefits outweigh the cost.
If it doesn’t, then don’t choose this particular credit card offer just because it has a lower interest rate.
Lastly, consider signing up for more than one credit card with different features so you can get access to all of them
Always make use of the one that seems best at the time.
Pay off your balance every month and don’t carry a balance from month to month, or else interest will build up quickly and make it harder to get rid of debt later in life
Ways to save money while in school or after graduation
Money-saving should be a practice for every college student.
One way is to sign up for a rewards credit card that can also offer benefits such as cashback, flight miles, or points towards hotel stays.
Another most important way to save money while in school is to get a paid internship or job on campus.
However, some organization internships come with free school tuition and even some salary.
With this, you should have extra cash with you and saving will be a better option for you.
Having the ability to work on-campus means saving money so consider applying at your university’s career center when opportunities arise!
Compare the different types of student credit cards
Before choosing any credit card, you need to compare the different types of student credit cards.
First, determine what type of card you need.
Some students may want a rewards card, while others will be satisfied with the basics.
Pre-paid debit cards are also an option for those who don’t qualify.
The following things are what you should consider when comparing a college student credit card:
- Annual fee- This is a required fee for using the card.
This can be waived if it’s paid in advance or as part of your monthly payments so read the fine print before applying!
- Figure out what your needs are before choosing a card
- Decide how much you want to spend on your card each month
- Understand the terms and conditions of the cards before signing up for one
Final Thought on the Best College Student Credit Card
The Discover it Student Credit Card is a good choice for students who want cashback rewards
If you don’t need to carry a balance.
The Capital One Journey Student Credit card offers no annual fee and 0% APR on purchases and balance transfers.
However, the Citi Simplicity student credit card has an introductory offer of 0% APR on new purchases for 6 months
Students can also take advantage of the American Express Blue Cash Preferred.
you will be offering 3% cash back at supermarkets and 2% cashback at gas stations
There are many other college student credit cards available as well that may be better suited to your needs.
Remember, if you have a bad or poor credit score, some banks will charge high interest rates or even deny you.
This can be because they won’t consider lending to someone with low-to-no income history
In summary, we would love to hear from you regarding this publication and how helpful is the article to you.
Lastly, which college student credit cards will you use?
Let us know in the comment!