6 Best Credit Cards for College Students

6 Best Credit Cards for College Students - Finding Money For College

College students go through financial issues all the time. Students who are pursuing their studies in a foreign country often opt for loans, and paying the same can be hard. To get better opportunities and to study without any hassle college students need a good credit card that can help them move forward.

There are different types of credit cards available the well-known companies, but before you choose an option, it’s best to know about the best options. Here in this article, you will get to know about the 6 best credit cards for college students.

DISCOVER IT STUDENT CASH BACK

This card is perfect for college students as this have no annual fee so understudies can get better benefits while they study. The card offers two to four years of opportunity for credit building, and they can even earn rewards. To get this card you have to be at least 18 years old, and you have to be a permanent resident of the USA. Students can earn 5% money back from restaurants, gas stations, and Amazon.com. If you are a student you will get 1% money back from other purchases. One of the best things about this card is you won’t have to pay a foreign transaction fee, which is great for students studying in a foreign country. If you need financial support for dorm room and textbooks you will get the introductory 0% APR for the first 6 months of the card activation. After that, you have to pay 12.99% to 21.99% interest. It’s also important that you must pay the balance within time so that you won’t have to pay any late fees.

DISCOVER IT STUDENT CHROME

If you are looking for bonus rewards in several categories then this is the card for you. You will get a better rewards program with Discover it Student chrome. As a college student, you have to fill in gas for your car, or if you are eating outside with your friends at a diner it will give you 2% rewards on all of that. At a restaurant, you can earn up to $1000. Other than this in other places, you will get 1% cashback and this will be automatic. Like the previous card, this card has no foreign transaction fee which is best for students who are studying abroad. Similarly, the 0% introductory APR will help you pay for your dorm room fees and textbooks. You will get this benefit for six months after opening the card. After that, the APR will be 12.99% to 21.99%. You have to be a US citizen and 18 years old to apply for this card. Also, it’s recommended to pay the balance in full and within time so that you can avoid the late fees.

CHASE FREEDOM STUDENT CREDIT CARD

Chase offers a student credit card and this one also has good offers. You will get better bonuses and rewards with Chase, and this is a good first card for college students. The first benefit from this card is 1% cashback on all purchases you make, and then you can get the chance to win a $50 bonus if you make the purchase within the first three months of card activation. Additionally, you can earn $20 if you keep paying the balances on time for five years. This card allows students to have a credit limit increase when they maintain a pattern of payment. You will get a better opportunity to upgrade once you graduate, and for the application, you won’t require a credit report. The variable APR for this card is 14.99% which is affordable for students and new users. However, there are other cards that offer better rewards, and this card also charges a foreign transaction fee which is not ideal for studying abroad.

CAPITAL ONE PLATINUM SECURED CARD

College Student in Brown Coat Holding a Credit Card - Finding Money For College

This is a good first card for college students, and for this, you must have an ideal credit history. This is a secure card and for that, you must input a deposit, but at a fund of $49 to 4200 you will get a $200 credit line. Gradually you can get a credit limit increase and there will be an additional deposit for 6 months. You won’t have to pay the annual fee which is a plus point for this card. Although you will get Capital One Platinum Secured Credit Card is easy, approval is unsure. You have to show that you are able to pay your bills, and then you have to put down money for the deposit.

DESERVE EDU MASTERCARD FOR STUDENTS

If you can’t qualify for credit then this is the best card for you. If you don’t have an SSN or better credit history then you can apply for this card. College students who do not qualify for other credit cards will get a better chance with Deserve EDU MasterCard for Students. This card uses a personalized underwriting procedure based on different criteria. You will get one percent cash back on every purchase with an Amazon Prime subscription for one year. But this will be available when you spend $500 within the first three months. You will get a $30 credit when you refer this card to friends who are ideal for the card. You won’t have to pay the annual fee, and you can redeem the rewards on statement credit. Also, for this, you have to wait until the credit is $25 before you can’t redeem the rewards. You can always opt for another card that has an increased rewards rate.

CAPITAL ONE STUDENT CARD

This card offers the best features for college students only. You will get triple rewards in various categories, and you won’t even have to pay the annual fee. With the SavorOne Student Cash Rewards Credit Card you will get three percent money back on restaurants, groceries, movies, and earn 1% on every other purchase. You will not find these rewards with any other cards. However, if this is your first card then keeping track of the rewards might be difficult for you, whereas if the card offered a flat rate it will be easier to maintain. For a flat rate, you can opt for Quicksilver Student Card.

College Student Holding Credit Card - Finding Money For College

There are other college students’ credit cards like Journey Student Rewards Card from Capital One, Citi Rewards Student Card. You can also check the above-mentioned cards and find the one that is suitable for you.