As a college student, building our credit is a foundation to our financial success in the future.  Without credit, you’re not going to be able to get that home or car you want unless you pay cash.  With so many credit cards on the market, it’s hard to determine which one will work best for you. 

With the economic conditions we are facing today, it’s going to be hard to get approved for a credit card especially at a young age because a lot of lending institutions won’t want to lend to you because the companies themselves are watching what they are spending.

Let’s take a look at the top 2 credit cards in my opinion that are designed for a college student –

Citi mtvU Card – This card is my favorite out of all the credit cards out there that are geared toward students.  The thing I like the most about this credit card is that you can actually get rewarded for paying on time and getting good grades.

The card works in a very simple way.  You use your card at certain establishments and you get points depending where you spend it.  For example, if you spend a dollar a bookstore, you’ll get 5 points.  Once you get enough points, you can shop at Citi(r)’s online reward shop.  Here, you can get everything from gift cards to flat screen TVs, etc.  It really is a great deal.

In my book, this credit card gets a 5 star out of 5 star rating.

Discover(r) Student Card- The next card that I’m going to rate is the Discover(r) Student Card.  While, it’s not as good as the mtvU card, it still offers great rewards such as 20% cashback bonus(r) when you shop online as well as no annual fees. 

The only setback that I see when it comes to this card is that you’re going to see a higher APR but don’t let that scare you because as long as you pay your card off in full each and every month, you won’t have to worry about interest rates at all.

 In my book, this credit card gets a 4 star out of 5 star rating.

When you’re on the hunt for a new credit card, make sure that you look at all the banks online and not just settle for the first card that you see.  Once you get your card, use it properly and spend what you can afford.  As long as you pay the bill off in full each month, you’ll have nothing to worry about when it comes to fees!