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Showing 33 Cards
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Discover it® Student Cash Back
Discover it® Student Cash Back
- 18.24% to 27.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 18.24% to 27.24% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 2974% variable based on the Prime Rate Cash Advance APR
- 0% for 6 months from account opening date Intro Purchase APR
At a Glance
The Discover it Student Cash Back card is ideal for college students hoping to earn 5% cash back on rotating categories and 1% unlimited cash back on everything else. All the cash back they’ve earned at the end of their first year will automatically be matched by Discover.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- No annual fee, and no late fee on the first late payment. No APR change for paying late.
- Discover automatically matches all the earned cash back at the end of the first year, with no limit to the amount that is matched
- $20 statement credit when GPA is 3.0 or higher every school year for up to five years
- Cash back rewards can be redeemed at any time and never expire
- Earn 5% cash back on everyday purchases at different places each quarter, up to the quarterly maximum when you activate
- Earn 1% cash back on all other eligible purchases automatically
- 0% intro APR on purchases for 6 months
- Intro Purchase APR: 0% for 6 months from account opening date
- Regular Purchase APR: 18.24% to 27.24% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 10.99% for 6 months from date of first transfer
- Balance Transfer APR: 18.24% to 27.24% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Up to 5% of the amount of each transfer
- Cash Advance APR: 2974% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Late Payment Penalty Fee: None the first time you pay late. After that, up to $41
- Return Payment Penalty Fee: Up to $41
- You want to earn 5% back in rotating categories
- You plan on using your card to purchase products online
- You expect to earn a 3.0 or higher GPA
- You do't want to pay an annual fee
- You want a card with no foreign transaction fees
Sallie Mae Evolve Card
Sallie Mae Evolve Card
- 17.99% to 29.99% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 17.99% to 29.99% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 29.99% variable based on the Prime Rate Cash Advance APR
- 0% for 15 months from account opening date Intro Purchase APR
At a Glance
The Sallie Mae Evolve? Credit Card is a student credit card designed for recent college graduates, is a great way to earn cash back rewards while you build your credit score up from the ground. Earn 1.25% cash back on all purchases and you’ll automatically receive an extra 25% bonus on those rewards earned from your top two purchase categories each month, along with a generous introductory bonus offer.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Earn unlimited 1.25% cash back on every purchase, every day
- Earn a 25% bonus on cash back rewards earned from your top two purchase categories each month
- No annual fee
- 0% introductory APR on purchases for 15 months from account opening
- Intro Purchase APR: 0% for 15 months from account opening date
- Regular Purchase APR: 17.99% to 29.99% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 15 months from account opening date
- Balance Transfer APR: 17.99% to 29.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
- Cash Advance APR: 29.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each transfer, whichever is greater
- Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $39
- Return Payment Penalty Fee: Up to $39
- You don’t want to pay an annual fee
- You like the idea of earning unlimited 1.25% cash back
- You would like to earn a 25% cash back bonus each month on your top two purchase categories
- You will take advantage of a generous introductory purchase APR of 0% for 15 months
Clearview Student Platinum Mastercard®
Clearview Student Platinum Mastercard®
- 11.99% to 18.00% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 11.99% to 18.00% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 11.99% to 18.00% variable based on creditworthiness and the Prime Rate Cash Advance APR
At a Glance
Getting started and building credit as a student may seem difficult – there’s enough to worry about in college as it is, without worrying about building a credit profile on top of exams, football games and hanging in the quad. Luckily, the Clearview Student Platinum Mastercard makes building your credit easy while you spend your money on the things that matter most to you.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Emergency cash advance and card replacement
- Text alerts when the bank detects potentially fraudulent activity on your account
- 25-day grace period for purchases
- No annual fee
- Regular Purchase APR: 11.99% to 18.00% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 11.99% to 18.00% variable based on creditworthiness and the Prime Rate
- Cash Advance APR: 11.99% to 18.00% variable based on creditworthiness and the Prime Rate
- Cash Advance Transaction Fee: 3% of the amount of each cash advance
- Foreign Transaction Fee: 2% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $35
- Return Payment Penalty Fee: Up to $35
- You're a student who wants a card with no annual fee and low interest rates
- You will take advantage of a 25-day grace period for purchases
- You will use your new card to build your credit by displaying financial responsibility
- You want text message alerts when potential fraudulent activity is detected on your card
The Ohio State Voice Credit Card
The Ohio State Voice Credit Card
- 15.24% to 27.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 15.24% to 27.24% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 29.24% variable based on the Prime Rate Cash Advance APR
At a Glance
The Ohio State Voice Credit Card is one of three Voice Credit Cards issued by The Huntington National Bank, an Ohio-based lender. On the first $2,000 spent in a category of the cardholder’s choosing, the card earns 3X points. On balance transfers performed within the first 90 days, the card also offers a 0% intro APR for a year, no balance transfer fees, and no foreign transaction fees.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- No annual fee
- Select from one of 10 categories to earn 3X points for the first $2,000 in quarterly spending
- Earn 1X on all other eligible purchases
- 0% intro balance APR for 12 months after account opening
- Regular Purchase APR: 15.24% to 27.24% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 12 months
- Balance Transfer APR: 15.24% to 27.24% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either 3% of the transfer amount or $10, whichever is greater
- Cash Advance APR: 29.24% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either 3% of the advance amount or $10, whichever is greater
- Late Payment Penalty Fee: Up to $40
- You want the freedom to change your rewards category every quarter
- You plan to carry a balance and have excellent credit
- You're an Ohio State University fan or alumnus
- You don’t want to pay an annual fee or foreign transaction fees.
Bank of Missouri Visa® College Real Rewards Card
Bank of Missouri Visa® College Real Rewards Card
- 14.49% to 23.49% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 14.49% to 23.49% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 25.99% variable based on the Prime Rate Cash Advance APR
- 0% for 6 months from account opening date Intro Purchase APR
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Earn 1.5x rewards per dollar spent on eligible purchases
- 2,500 bonus rewards points after first purchase – equal to $25
- No annual fee
- $0 fraud liability
- Intro Purchase APR: 0% for 6 months from account opening date
- Regular Purchase APR: 14.49% to 23.49% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 6 months on transfers made within 186 days from account opening date
- Balance Transfer APR: 14.49% to 23.49% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
- Cash Advance APR: 25.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Foreign Transaction Fee: 2% of the transaction amount or foreign ATM advance transaction in U.S. dollars. 3% of the transaction amount or foreign ATM advance transaction in a foreign currency
- Late Payment Penalty Fee: Up to $40
- Return Payment Penalty Fee: Up to $40
- N/A
Sallie Mae Ignite Card
Sallie Mae Ignite Card
- 17.99% to 29.99% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 17.99% to 29.99% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 29.99% variable based on the Prime Rate Cash Advance APR
- 0% for 6 months from account opening date Intro Purchase APR
At a Glance
Students often have a difficult time finding a cash back cards that are a good fit for them, since it takes time to build credit history and many high-tiered rewards programs require excellent credit. However, Sallie Mae’s Ignite? Credit Card is a great cash-back option that will help students establish their credit while earning bonus rewards for responsible financial behaviors.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- No annual fee
- Earn unlimited 1% cash back on every purchase, every day
- Get a 25% bonus on your cash back rewards when you make 6 consecutive on-time payments
- 0% introductory APR on purchases for 6 months from account opening
- Intro Purchase APR: 0% for 6 months from account opening date
- Regular Purchase APR: 17.99% to 29.99% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 6 months from account opening date
- Balance Transfer APR: 17.99% to 29.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
- Cash Advance APR: 29.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $39
- Return Payment Penalty Fee: Up to $39
- You want to earn unlimited 1% cash back on all purchases and a cash back bonus for responsible financial behavior
- You don’t want to pay an annual fee
- You will take advantage of an introductory APR of 0% for six months after account opening
- You're a student, or someone looking to build their credit history
HSBC Cash Rewards Mastercard® Credit Card Student Account
HSBC Cash Rewards Mastercard® Credit Card Student Account
- 13.99% to 23.99% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 13.99% to 23.99% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 24.99% variable based on the Prime Rate Cash Advance APR
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- No annual fee
- No foreign transaction fee
- Earn 1.5% cash back on purchases
- No credit history required to apply for this card
- Regular Purchase APR: 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $10 or 4% of the balance transfer amount, whichever is greater
- Cash Advance APR: 24.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the cash advance amount, whichever is greater
- Penalty APR: 29.99% variable based on the Prime Rate
- Late Payment Penalty Fee: Up to $39
- Return Payment Penalty Fee: Up to $39
- N/A
State Farm® Student Visa®
State Farm® Student Visa®
- 16.74% to 24.74% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 16.74% to 24.74% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 25.99% variable based on the Prime Rate Cash Advance APR
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- No annual fee
- Earn 3 points for every $1 spent on insurance premium payments
- Earn 1 point for every $2 spent on eligible purchases
- Earn rewards while building credit
- Regular Purchase APR: 16.74% to 24.74% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 16.74% to 24.74% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $10 or 3% of the amount of each balance transfer, whichever is greater
- Cash Advance APR: 25.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up $38
- Return Payment Penalty Fee: Up to $38
- N/A
Comerica Visa® College Real Rewards Card
Comerica Visa® College Real Rewards Card
- 18.24% to 28.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 18.24% to 28.24% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 29.74% variable based on the Prime Rate Cash Advance APR
- 0% for 6 months from account opening date Intro Purchase APR
At a Glance
The Comerica Visa® College Real Rewards Card is a versatile rewards card for students looking to boost their credit score – and earn rewards at the same time.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- No annual fee
- 1.5X points on everyday purchases
- No cap on points, plus 5 years to redeem
- Visa Signature protection and perks
- Intro Purchase APR: 0% for 6 months from account opening date
- Regular Purchase APR: 18.24% to 28.24% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 6 months from account opening date
- Balance Transfer APR: 18.24% to 28.24% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
- Cash Advance APR: 29.74% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each advance, whichever is greater
- Foreign Transaction Fee: Up to 3% of the transaction amount in U.S. Dollars
- Late Payment Penalty Fee: Up to $40
- Return Payment Penalty Fee: Up to $40
- You already bank with Comerica Bank or have family that bank with them
- You want to have a six-month, 0% APR cushion to purchase books or dorm supplies
- You prefer to earn a flat-rate 1.5X points over confusing reward structures
- You do't want to pay an annual fee
Sallie Mae Accelerate Card
Sallie Mae Accelerate Card
- 17.99% to 29.99% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 17.99% to 29.99% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 29.99% variable based on the Prime Rate Cash Advance APR
- 0% for 15 months from account opening date Intro Purchase APR
At a Glance
The Sallie Mae Accelerate? Credit Card, designed for recent college graduates, stands out from other cash back cards because it’s the only credit card currently on the market that will reward you with a bonus when you use it to pay down a student loan. Earn 1.25% cash back on all purchases while you build your credit, along with no annual fee and a generous introductory APR offer.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- No annual fee
- Earn unlimited 1.25% cash back on every purchase, every day
- Earn a 25% bonus on any cash back rewards used to pay down student loans
- 0% introductory APR on purchases for 15 months from account opening
- Intro Purchase APR: 0% for 15 months from account opening date
- Regular Purchase APR: 17.99% to 29.99% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 15 months from account opening date
- Balance Transfer APR: 17.99% to 29.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
- Cash Advance APR: 29.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $39
- Return Payment Penalty Fee: Up to $39
- You want to earn unlimited 1% cash back on all purchases and a cash back bonus for responsible financial behavior
- You don’t want to pay an annual fee
- You will take advantage of an introductory APR of 0% for 15 months after account opening
- You are a student, or someone looking to build their credit history
You've viewed 5 of 33 credit cards
What Is a Student Credit Card?
A student credit card is a specialized type of card designed specifically for college students. It is an ideal option for those over 18 who are new to credit. While student cards offer reward points, interest-free periods, and introductory bonuses like other credit cards, they also have some key differences.
Why Choose a Student Credit Card?
Student credit cards can be a powerful and practical tool for financial success during your college years and beyond. As a student, you may be starting to establish your credit history, and a student card can provide a convenient option.
One of the primary advantages of a student credit card is that it allows you to start building a credit history at an early age. Establishing a positive credit history is crucial for your future financial life, including things like renting an apartment, getting a mortgage, or applying for a car loan. By responsibly using a student credit card, you can demonstrate to banks and lenders that you are a responsible borrower, improving your chances of obtaining better credit offers in the future.
How Do Student Cards Differ from Regular Credit Cards?
Because student cards are designed with the college student in mind, they typically have different credit and income requirements, rewards, and sometimes fees versus traditional credit cards. Here are how regular cards and student credit cards differ:
Student credit card | Other credit cards | |
---|---|---|
Target Audience | Specifically designed for college students | Generally for individuals with established credit history and higher credit scores |
Credit Requirements | Lower requirements for credit score and credit history | Typically require a higher credit score and credit history |
Age Requirement | No specific age requirement, but issuers usually require cardholders to be at least 18 years old. | No specific age requirement, but cardholders are typically required to be at least 18 years old. |
Credit Limits | Lower credit limits due to relaxed credit restrictions | Higher credit limits due to stricter credit requirements |
Benefits | More lenient credit requirements, beneficial for those new to credit cards | Offer better rewards and perks due to the higher credit requirements |
Credit Building | Helps students build credit history and score | Often used by individuals with established credit history to earn rewards and manage expenses |
Financial Power | Provides enough power to purchase textbooks, dorm snacks, and other college necessities | Offers greater purchasing power and flexibility for various expenses and purchases |
Benefits of Student Credit Cards
Student credit cards offer a range of benefits for students who are looking to build their credit history and manage their finances responsibly. Here are some key advantages of using student credit cards:
Establishing Credit History
Student credit cards allow students to establish a positive credit history, which is essential for future financial endeavors such as applying for car loans or mortgages. Because student cards have lower credit requirements, they provide access to unsecured credit for a population segment that might otherwise miss out.
Teaching Financial Responsibility
These credit cards encourage responsible financial habits by requiring students to manage their spending, make regular payments, and stay within their credit limit, thus helping them develop a strong foundation in handling their finances.
Serving as Emergency Funds
Student credit cards can act as a financial safety net in case of unexpected events, providing students with peace of mind and a backup plan for emergencies like car repairs or medical expenses.
Rewards Programs and Perks
Some student credit cards offer access to rewards programs, cash back rewards, or other perks that help students save money on their everyday purchases, allowing them to stretch their budgets further and make their money work for them.
Security Measures
Many student credit cards come with features that safeguard against unauthorized purchases and provide protection in case of identity theft, ensuring that students can use their credit cards with confidence. Credit cards provide an additional layer of fraud protection versus debit cards, making them a great option for security-conscious students.
How to Choose a Student Card
With so many options available, choosing the right student credit card can be overwhelming. Here are some factors to consider when making your decision:
- Annual fees: Some student credit cards have annual fees, while others do not. Consider whether the rewards and benefits offered by the card justify the fee.
- Interest rates: Look for a competitive card, especially if you anticipate carrying a balance on your card. Lower interest rates can save you money in the long run.
- Credit limits: Different student credit cards offer different credit limits. Consider your spending habits and choose a card that provides a credit limit that suits your needs.
- Reputation and customer service: Research the credit card issuer’s reputation and read reviews about its customer service. A reliable issuer with good customer service can make your experience with the card more pleasant.
- Additional benefits: Some student credit cards offer additional perks like purchase protection, extended warranties, or travel insurance.
Things to Consider Before Getting a Student Card
While student cards sound impressive, there are limitations to these credit cards. Here are some critical things you need to consider before applying for a new student credit card:
High-Interest Rates
Student credit cards often have higher interest rates than other types of credit cards, which can lead to significant interest charges if the balance is not paid in full each month.
Credit Limit Restrictions
Student credit cards typically have lower credit limits than regular credit cards, which may restrict purchasing power. These reduced credit lines help students gain experience with credit at a much lower risk level but might impact your available credit for larger purchases, like books, each semester.
If You Are Under 21
While student credit cards have lower credit and income requirements, they might still be out of reach for applicants too young to establish a personal income. If you’re under 21 and don’t have your own income, you will need a parent or trusted adult to co-sign for you on your credit card application.
What Is a Cosigner?
A cosigner is a person who signs a credit card application with someone and agrees to take on the burden of their debt if they are unable to make their payments. Essentially, a cosigner acts as a guarantor for the credit card application, providing reassurance to lenders when dealing with risky applicants, such as students.
Benefits of Having a Cosigner
Having a cosigner can make student credit card applicants more attractive to lenders. It also opens up opportunities for more enticing credit card offers that they may not have qualified for otherwise. These offers can include rewards credit cards, such as cashback or travel rewards cards, which can help students save money on everyday purchases or even trips back home during the holidays.
The CARD Act of 2009
The CARD Act of 2009 is a federal law that mandates certain requirements for individuals under the age of 21 who wish to obtain a credit card. According to this law, there are strict limits on the amount of credit available to individuals in this age group, as well as regulations on the marketing practices of credit card lenders. These regulations were implemented to protect students who may lack the financial education necessary to make informed decisions.
Under the CARD Act, individuals between the ages of 18 and 20 must provide valid proof of independent income to cover their credit card obligations. This income must be separate from any financial support they receive from their family, such as allowances or birthday presents.
Due to the challenges faced by individuals under the age of 21 in proving sufficient income to cover potential credit card debt, it can be difficult for them to be approved for anything other than basic credit cards or secured credit cards. However, students also have the option of using a parent, guardian, or other trusted loved one as a cosigner to increase their chances of approval.
Tips for Getting the Most Out of Your Student Credit Card
To make the most of your student credit card, consider these tips:
- Use your rewards: Take advantage of the rewards and benefits offered by your student credit card. Redeem your rewards regularly to maximize their value.
- Track your spending: Monitoring your spending habits can help you stay within your budget and adjust as needed. Many student credit cards offer online tools or apps that can help you track your expenses.
- Review your statement: Review your credit card statement each month. Look for errors or unauthorized charges and report them immediately.
- Upgrade to a regular credit card: Once you graduate and establish a positive credit history, you may be eligible for a regular credit card with even more benefits and rewards. Consider upgrading to a card that aligns with your future financial goals.
When to Sign Up for a Student Credit Card, and When to Choose a Different Course
If you’re a student with a source of income but don’t have an extensive credit history, student credit cards may be your best option. Not only are you more likely to qualify for a student credit card in these situations, but you’ll also be able to start building up your credit score. Demonstrating your creditworthiness through responsible use of a student credit card will make it easier for you to qualify for major purchases, such as a vehicle or real estate, in the future.
When considering student credit cards, look for ones that offer cash back or points for purchases in categories where you already spend money, such as shopping in bulk at a local wholesale club. Also, consider cards with debt forgiveness and no annual fee. While it may be challenging to navigate life on your own at first, having the right student credit card will help you graduate to bigger and better cards in no time.
Mistakes to Avoid
While student credit cards can be beneficial, it’s important to be aware of common mistakes that students often make. Avoiding these mistakes can help you maintain a healthy financial situation:
- Maxing out your credit card: Using up your entire credit limit can negatively impact your credit score and increase your debt burden. Aim to keep your credit utilization ratio low.
- Making only minimum payments: Making minimum credit card payments can result in high interest charges and a longer time to pay off your debt. Always strive to pay more than the minimum amount due.
- Ignoring your credit card statements: Failing to review your credit card statements can lead to missed errors or fraudulent charges. Make it a habit to check your statements regularly and report any discrepancies.
- Applying for multiple credit cards: Opening multiple credit card accounts can make it difficult to keep track of your spending and payment due dates. Stick to one or two credit cards and manage them responsibly.
FAQs
There are plenty of questions that pop up about college credit cards. Here are some of the most commonly asked questions:
- Student cards are similar to other credit cards. These cards differ in that they are meant for college students. Because of this, student cards require specific information. Some of this information is the same as what all credit card applications require:
- A Social Security Number is required whenever you apply for a credit card. Despite this, some applications have no impact to your credit score.
- Proof of enrollment is another requirement for many student cards.
- Income or savings information might be required.
- Some issuers require a student card applicant to have a student loan with the bank.
- Students are required to be 18 years or older to get a student card.
- Yes. Student cards are an excellent option for establishing a good credit history. Student versions of credit cards offer lower interest rates than secured cards. These varieties of cards also provide rewards, cash back, and other perks.
- Most credit cards come with an easy to use app, which allows you to track your spending, set automatic payments, or even check your credit score in minutes. Other cards offer good grade discounts, free subscriptions (like a free year of Amazon Prime student), or other on-campus perks.
- International transaction fees are charges for using your credit card for purchases outside the United States. These charges can be in foreign countries or even non-U.S. websites. Each bank charges a different fee, with some having no foreign transaction fees at all.
Conclusion
Student credit cards can be a valuable tool for building credit and learning responsible financial habits. By choosing the right card, understanding credit scores, and using your card responsibly, you can unlock the power of student credit cards for financial success. Avoid common mistakes, manage your debt effectively, and take advantage of available resources to maximize the benefits of your student credit card. With careful planning and responsible usage, your student credit card can set you on the path to a bright financial future.
Editorial Disclosure – The opinions expressed on BestCards.com's reviews, articles, and all other content on or relating to the website are solely those of the content’s author(s). These opinions do not reflect those of any card issuer or financial institution, and editorial content on our site has not been reviewed or approved by these entities unless noted otherwise. Further, BestCards.com lists credit card offers that are frequently updated with information believed to be accurate to the best of our team's knowledge. However, please review the information provided directly by the credit card issuer or related financial institution for full details.