Introduction
In general, student credit cards do not provide the same benefits and privileges as “regular” credit cards. That’s fine; the major aim of student cards is to build credit in order to qualify for better cards later on. A decent student credit card will save you money and report to all three credit agencies; additional rewards are just icing on the cake.
Notable Credit Cards
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Discover it® Student chrome
At the end of your first year, Discover will automatically match all cash back you’ve earned! So you could convert $50 into $100. Alternatively, you may turn $100 into $200. There are no minimum or maximum expenditure requirements. It’s only a dollar-for-dollar match.
Each quarter, earn 2% cash back at petrol stations and restaurants on up to $1,000 in combined purchases. Plus, automatically get an unlimited 1% cash back on all other purchases.
There is no credit check required to apply.
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Bank of America® Travel Rewards credit card for Students
Earn an unlimited 1.5 points for every $1 spent on all transactions, with no annual fee or foreign transaction fees, and your points never expire. This student card has many of the same features and perks as the non-student version, including a nice sign-up bonus and a lengthy introductory APR deal.
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Capital One SavorOne Student Cash Rewards Credit Card
Earn up to 3% cash back on restaurants, entertainment, popular streaming services, and grocery stores (excluding superstores such as Walmart® and Target®), plus 1% on all other transactions.
Bonus for Early Spending: Earn $50 for every $100 spent in the first three months.
Earn 10% cash back on Uber and Uber Eats purchases, as well as bonus Uber One membership statement credits, through 11/14/2024.
Enjoy piece of mind knowing that you will not be held liable for unauthorised charges with $0 Fraud Liability.
There are no yearly fees, international transaction fees, or other hidden fees.
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Deserve® EDU Mastercard for Students *
Aside from being the self-proclaimed “best credit card for international students” (a title it lives up to, if only due to a lack of competition), this card also provides benefits to American students. A social security number, credit history, or a cosigner are not required for the Deserve® EDU Mastercard for Students*. There are no yearly or foreign transaction fees with the Deserve EDU Mastercard.
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Discover it® Student Cash Back
The Discover it® Student Cash Back card provides a one-of-a-kind combination of high earning rates and a welcome bonus not normally found in student cards. Cardholders can generate significant cash back if properly leveraged.
Earn 5% cash back on everyday purchases at various locations such as Amazon.com, grocery stores, restaurants and gas stations each quarter, up to the quarterly maximum once activated. In addition, earn an unlimited 1% cash back on any other transactions.
Conclusion
You should choose a student credit card that reports to all three credit bureaus: TransUnion, Experian, and Equifax. These businesses collect the data necessary to generate credit scores.
When you’re on a student budget, it’s great to avoid an annual charge. Cards created for those who are new to credit typically have higher interest rates, so it’s important to pay your payment in full each month to avoid paying interest
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