Student credit cards – college credit cards for students
What is a student credit card? Student credit cards are cards designed for a college student who is new to credit. The best of this student credit card offers $0 annual fees, 1% cashback rewards in all purchases, and reports to all 3 major bureaus each month.
With this card, you can see that students are given the chance to save money and as well build their credit history. Of course, by the time you are due to graduate, you would have gone far enough. The shocking thing here is the requirements. Let’s see what it takes to get a student credit card approval.
Requirements for student credit cards
You don’t need to bother yourself so much because it takes just a few things to approve of you.
- Firstly, To get a student credit card, you must be at least up to 18 years old.
- The second is that you should have enough independent income to afford the monthly bill payments. Thus, it is usually around $10 for student cards.
Note: To build a good credit score and report, you must be up and doing. That is to say, you must be able to pay your bill on time to avoid maxing out your credit line. As far as you stay in this might, you will begin building a good credit that can even rent an apartment for you and even more.
So, therefore, if you are ready to do all these things, you should take out a good loan and save on insurance premiums once you graduate. Think of it, if you apply for a job after school that requires a security clearance, you won’t be stranded anymore because you already have plans that will cover for it.
Are you ready to check out for the best student credit cards for no credit, both secured and unsecured? Now is the time browsing for the best student credit cards with your application. Nevertheless, it is time to build credit at the lowest cost.
In case you need help with the proper recommendation of the best student credit cards, you can always count on us for that. We have here the list of best student credit cards we have discovered for you and their features. Again, all the cards here can be approved to you without credit. Credit card companies have students in mind and that is why they have mounted the stage for students despite the absence of credit history. Some students are financial independent, which can be profitable for banking institutions.
Let me tell you some secrete: If you want to qualify for the best student credit cards, you have to demonstrate independent income or assets needed to pay at least their minimum monthly bill. But if you don’t have this, it will require having your parents add you to their account as an authorized user to enable you to start building your credit process.
Best College Student Credit Cards
|Student Credit Card||Best For||Review Rating|
|Journey® Student Rewards from Capital One®||Cash Back for Students||5.0 / 5|
|Discover it® Student Cash Back||Bonus Rewards||4.7 / 5|
|Bank of America® Cash Rewards Credit Card for Students||Bonus Cash Back||5.0 / 5|
|Capital One® Secured Mastercard®||High Approval Odds for Students||5.0 / 5|
|Deserve EDU Student Credit Card||International Students||3.5 / 5|
|OpenSky® Secured Visa® Credit Card||No Credit Check||4.0 / 5|
6 Best Credit Cards for Students
Bank of America® Cash Rewards Credit Card for Students
This is the best student credit card on our list. Here are a couple of things to enjoy with this card.
- Firstly, $0 annual fee with limited or no credit
- Make $1,000 in online purchase within 90 days of creating an account and get an initial bonus of $200.
- Also, It offers an introductory APR of 0% for 12 months on the new purchases and also 0% for 12 months on balance transfer. This is with a balance transfer fee of 3% (min $10).
- Ongoing rewards are pretty good, whereby cardholders earn 1-3% cashback, based on the purchase category
Journey® Student Rewards from Capital One®
This is another student credit card that is best for students with no credit. In the same vein, It has no annual fee ($0) and offers students 1% cash back on all purchases, which is equivalent to (1.25% in months you pay on time). What else? This card has a $0 for a foreign transaction fees. Thus, this means that it can be accepted everywhere Visa card is used. Of course, this is a great advantage to grab. Today, you can save money and build your credit even as a student in the U.S.
Capital One® Secured Mastercard®
This card remains one of the best starter cards on the market. It has a $0 annual fee and yet, it offers high approval odds to people with limited credit. Of course, it is a partially secured card for the fact that the limit cardholders can receive is higher than the amount for security deposit they are required to place. The only thing here is that it has no rewards. Nevertheless, you can still build your credit with it, and it still reports your account information to the major credit bureaus monthly.
Discover it® Student Cash Back
This is one of the best credit cards for students because of the following:
- $0 annual fee,
- Also, 0% foreign transaction fee and great rewards.
- Earn 1-5% cashback purchases
- Also, Your first-year rewards will be matched
- Also, Get a bonus after your first account anniversary
- Intro APR of 0% for 6 months on new purchases
- Lastly, Available to applicants with limited or no credit history.
Deserve® EDU Mastercard for Students
Here is the best credit card for international students because it just takes only your passport and proof of a U.S bank account instead of Social Security. Thus, this makes it convenient for international students to make use of it. This card has a $0 annual fee, with 1% cash back rewards to every cardholder.
OpenSky® Secured Visa® Credit Card
This is one of the easiest credit cards you can get right now. Here, there is no a credit check for new applicants. But it requires a reasonable annual fee of $35. This is a secured credit card. Meanwhile, it makes it hard for students to spend more than they can afford to repay. Thus, the spending limit is the same as the amount of the refundable security deposit that cardholders suppose to pay when opening an account.
Conclusion: Here, you will notice that all of them have the benefit of easy to approve with no credit history. They also help you to do credit-building, and again, there are better rewards.
Most importantly, the interest rates in student credit cards are very low to start with even though it doesn’t stay for a long way.