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 on all purchases, and reports to all three major bureaus each month.
With this card, you can see that students are given the chance to save money and build their credit history. Of course, by the time you are due to graduate, you will have gone far enough. The shocking thing here is the requirement. Let’s see what it takes to get 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 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 long as you stay in this area, you will begin building 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 it.
Are you ready to check out the best student credit cards for no credit, both secured and unsecured? Now is the time to browse for the best student credit cards for 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 the best student credit cards we have discovered for you and their features. Again, all the cards here can be approved for 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 financially independent, which can be profitable for banking institutions.
Let me tell you a secret: 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.
The 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 an EDU Student Credit Card||International Students||3.5 / 5|
|OpenSky® Secured Visa® Credit Card||No Credit Check||4.0 / 5|
The 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, a $0 annual fee with limited or no credit
- Make $1,000 in online purchases 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 new purchases and 0% for 12 months on balance transfers. 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 the months you pay on time. What else? This card has a $0 foreign transaction fee. Thus, this means that it can be accepted everywhere a 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 because the limit cardholders can receive is higher than the amount of 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, there is a 0% foreign transaction fee and great rewards.
- Earn 1-5% cashback on 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, it is available to applicants with limited or no credit history.
Deserve® EDU Mastercard for Students
This is the best credit card for international students because it just takes 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 for every cardholder.
OpenSky® Secured Visa® Credit Card
This is one of the easiest credit cards you can get right now. Here, there is no 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 are supposed to pay when opening an account.
Conclusion: Here, you will notice that all of them have the benefit of being easy to approve with no credit history. They also help you build credit, and again, there are better rewards.
Most importantly, the interest rates on student credit cards are very low to start with, even though they don’t last for a long time.
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