Student credit cards are designed for students that either have bad credit, or those that are looking to build credit for the first time. Compare the cards listed below and you're going to find that many of the cards listed on the page are for those attending college. As long as the applicant is attending college, has no credit history and is a legal citizen of the United States, there is a good chance that you can get approved for a card. Before you apply for a card, be sure to understand all the credit card terms such as the APR, the fees applied to your card, the benefits and more. There are a lot of things to know before you set out and swipe your card for the first time. Failing to know how a card works can lead to many disasters down the road such as debt, a bad credit score and more. All cards listed below report to the major credit bureaus, as well as accepted nationwide at millions of location since they hold prominent names such as Visa, MasterCard and more.
To learn more information about these cards, one can read the reviews on each and every card. These reviews are unbiased and can explain the pros as well as the cons involved with the card. On top of that, underneath each card, you’re going to not only find the APR, but you’ll find the introductory period (if there is one), the annual fee as well as any other information that you want to know. If you don’t like the cards that you see on the front page, simply click the link on the bottom for more cards offered by other banks such as Bank of America, Citi and more.
- Earn bonus cash back each quarter on new must-have categories– like department stores, travel and more, with enrollment
- Earn a full 1% cash back on all other purchases
- Free enrollment each quarter for new categories that earn additional cash back.
- Manage your account online, on your tablet or on your Smartphone
- No Annual Fee
- Designed to help students build good credit with responsible use
- Access to your monthly credit score, plus an interactive tracking tool to help monitor your credit
- Customizable text and e-mail alerts to help keep you on track
- Get 1% cash back on all purchases, plus a 25% bonus each month you pay your bill on time
- No annual fee
- $0 Fraud Liability if your card is lost or stolen
- No Cosigner required
- 5 ThankYou® Points for every $1 you spend at restaurants and on entertainment; 1 point per $1 on all other purchases.
- APR reduction on purchases when using credit wisely
- 100 ThankYou Points each billing period that you pay on time and stay under your credit line.
- A card designed to help those new to the U.S. establish credit and earn cash back
- Build credit with responsible use -- plus automatic reporting to the three major credit bureaus
- Get 2% cash back on travel purchases
- Earn 1% cash back on all other purchases
- No foreign transaction fees
- No annual fee
Benefits of a Student Credit Card
Helps Establish Credit. One of the biggest benefits of a student credit card is that it's going to help newcomers to the credit world establish credit. Since most don't have a credit history at a younger age, these cards are not only going to help build credit for the future, it will also help assist with getting a better credit score so that the lowest loan rate is secured for things such as a house and car.
No Annual Fees. Most of the cards that are on the market today have little to no fees. In fact, most of the cards listed above on FindCollegeCards have next to no annual fee, making them worry-free cards. As long as your bill is paid off in time, no cardholders will have to worry about interest rates nor will they have to worry about an annual fee.
Great For Budgeting. A credit card is a great way to compile all your bills onto one card. Not only is it a great way to pay off all your bills each and every month in one payment, most cards can help you get rewards. Why pay your bills any other way when with a credit card, you can get rewards?
Good For Emergencies. There are going to be times as a college student when you're going to need some sort of money for an emergency. Since most students don't have a stockpile of cash lying around the house, this card can come in handy for purchases such as books, food and even rent.
Get Rewards. Most student based cards today help students receive rewards on each and every dollar spent. This is a great way to not only purchase things you already were going to purchase, it's also a great way to get rewarded for it.
What Determines your Limit?
The purpose of a credit card is to allow a company to “credit” you a loan for a certain period of time. Along with this credit card comes the “credit limit” How is the credit limit determined? Follow us through this article as we explain.
Credit Card Hype
No matter where you go today, it seems as if people are trying to get you to sign up for a credit card. When you turn on the television, there are countless advertise- ments promising this or that, telling you why their credit card is better than all the others.
When you turn on the Internet it’s the same story turn on the internet it’s the same story. The nice thing about the Internet, though, is the fact that you can read all the fine print that the credit card companies so conveniently rush through in the commercials on the television.
Below is a chart of credit report scores. Credit report scores are important when it comes to applying for a credit card. To find out what your credit report score is, please click on the link below.
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10 Tips to Know
When picking out a student credit card, there are some things that you should look out for before making an informed decision. Listed below are a few tips to consider when applying for a card.
#1 The Annual Fee: Ensure that the credit card itself doesn't have an annual fee. This fee is going to be applied to your statement annually no matter how often you use the card.
#2 The Rewards: Highly consider a card that has rewards. This way, when you swipe the card, you're going to be able to get points, cash back, or whatever the card may have. Be sure to dig deep into the application to learn more about the rewards.
#3 The Interest Rates: Remember, as long as you pay your bill off in FULL, you won't have to worry about interest rates. While an interest rate (APR) may be important to you, it shouldn't be higher up on your list.
#4 The Reviews: Ensure that you're getting a card that has high notes online. FindCollegeCards tries our best to locate the best cards on the market. They are issued by many known, reputable banks such as Discover, Citi and more.
#4 The Intro Rate: Don't be fooled by the introductory rate on many credit cards. You're going to find that many credit card companies love to introduce 0% intro rates and more. Keep in mind that these rates won't last for an enternity. Be sure to know how long your intro rate is going to last.
#5 Pay Your Bill in Full: When you pay your bill in full, the interest rate shouldn't effect. Make it a habit to pay your bill in full so that you don't have to worry about that pesky APR. If you decide to carry a balance, be sure to know how the APR is going to effect your balance.
#6 Credit Limit: Most student based cards are going to have a lower credit limit. The reason this is, is because you haven't set a history yet. As time goes on, the credit limit should go up.
#7 Read the Fine Print: Credit cards can be very tricky. Make sure that you know the terms and you read the fine print. By doing so, you're going to be able to better understand the card. While there are a lot of little snippets here and there, it doesn't hurt to sit there and read it.
#8 Budget: A credit card isn't fake money, nor is it monopoly money. Try your best to budget your card. At first, you may want to write down what you're spending or even access your account via a mobile application. By doing this, you're going to be able to manage your finances appropriately. Trust me, you don't want to get yourself into debt.
#9 Pay on Time: This is probably one of the most important ones. Never miss one payment. Even if you can't pay the bill, you're going to want to attempt to pay the minimum. Most credit card companies are more than generous when it comes to the minimum payment. If you miss a minimum payment, you may find that it will start to ding your credit score.
#10 The Limit: Never go over the credit card limit. This is another thing that not only is going to bring on fees, but you're going to also find that this can just dig you more into debt as well.