Looking for the top student credit cards? Discover the best options for students, including Discover it Student Cash Back, Capital One SavorOne Student Cash Rewards Credit Card, Capital One Quicksilver Student Cash Rewards Credit Card, Bank of America® Travel Rewards for Students, Citi Rewards+℠ Student Card, Deserve® EDU Mastercard for Students, and Wells Fargo Active Cash Card. Compare their benefits, rewards, and features to find the perfect fit for your needs.
Introduction
As a student, having a credit card can be a valuable financial tool. It helps you build credit, manage expenses, and gain rewards. However, not all credit cards are created equal, especially when it comes to students. That's why we've compiled a comprehensive guide to the top student credit cards available in the market today. In this article, we will explore the benefits, rewards, and features of the following cards:
- Discover it® Student Cash Back
- Capital One SavorOne Student Cash Rewards Credit Card
- Capital One Quicksilver Student Cash Rewards Credit Card
- Bank of America® Travel Rewards for Students
- Citi Rewards+℠ Student Card
- Deserve® EDU Mastercard for Students
- Wells Fargo Active Cash® Card
Whether you're a college student or a young professional starting your financial journey, this article will help you make an informed decision about the best student credit card for you.
Best Credit Cards for Students With No or $0 Income We Don’t Want You to Know About
Table of Contents
1. Discover it® Student Cash Back
Discover it® Student Cash Back is one of the top student credit cards available today. It offers a range of benefits and rewards specifically designed for students. Let's explore some key features:
- Cashback Rewards: With this card, you can earn 5% cash back on rotating categories each quarter, up to the quarterly maximum, upon activation. Plus, you'll earn 1% cash back on all other purchases.
- Good Grade Reward: Discover it® Student Cash Back encourages academic achievement by offering a $20 statement credit each school year if your GPA is 3.0 or higher, for up to five consecutive years.
- No Annual Fee: As a student, you want to keep your costs low. This card has no annual fee, helping you save money.
- Free FICO® Credit Score: Discover provides you with free access to your FICO® Credit Score, enabling you to monitor your credit journey.
With its rewards program and student-friendly features, Discover it® Student Cash Back is an excellent choice for students who want to earn cash back on their purchases.
Discover Student Loans: Full Detailed Analysis
Discovery Card: Unveiling the Power of Rewards and Convenience
2. Capital One SavorOne Student Cash Rewards Credit Card
The Capital One SavorOne Student Cash Rewards Credit Card is another fantastic option for students. It offers competitive rewards and benefits tailored to students' needs. Here's what you need to know:
- Cash Back Rewards: With this card, you can earn unlimited 3% cash back on dining and entertainment, 2% cash back at grocery stores, and 1% cash back on all other purchases.
- No Foreign Transaction Fees: If you're planning to study abroad or travel internationally, this card has no foreign transaction fees, making it a convenient choice.
- Credit-Building Opportunity: Capital One reports your credit card usage to all three major credit bureaus, helping you establish and build your credit history.
The Capital One SavorOne Student Cash Rewards Credit Card provides a range of rewards and benefits to cater to students' lifestyles and financial goals.
3. Capital One Quicksilver Student Cash Rewards Credit Card
If you prefer a straightforward cashback program with no category restrictions, the Capital One Quicksilver Student Cash Rewards Credit Card is worth considering. Here's what makes it stand out:
- Unlimited Cash Back: With this card, you can earn unlimited 1.5% cash back on every purchase, every day.
- Credit Steps: Capital One offers access to a higher credit line after making your first five monthly payments on time, allowing you to build your credit.
- No Annual Fee: As a student, avoiding annual fees is essential. This card has no annual fee, giving you more value for your money.
The Capital One Quicksilver Student Cash Rewards Credit Card offers simplicity and flexibility, making it an attractive choice for students.
4. Bank of America® Travel Rewards for Students
If you're a student who loves to travel or study abroad, the Bank of America® Travel Rewards for Students is designed with you in mind. Let's explore its key features:
- Travel Rewards: With this card, you can earn unlimited 1.5 points for every dollar spent on purchases. These points can be redeemed for statement credits to cover travel expenses.
- No Foreign Transaction Fees: When you travel internationally, this card doesn't charge foreign transaction fees, saving you money on each purchase.
- Credit Building: Responsible use of this card helps you establish and build your credit history, setting you up for future financial success.
Bank of America® Travel Rewards for Students offers an excellent combination of travel benefits and credit-building opportunities for students who love to explore the world.
5. Citi Rewards+℠ Student Card
The Citi Rewards+℠ Student Card is designed to maximize rewards for everyday purchases. Let's dive into its features:
- Round-Up Points: This unique feature automatically rounds up to the nearest 10 points on every purchase. For example, if you make a $2 coffee purchase, you'll earn 10 points.
- ThankYou Points: You can earn 2X ThankYou® Points at supermarkets and gas stations for the first $6,000 per year and then 1X points thereafter. Plus, earn 1X points on all other purchases.
- Credit Limit Increase: After making your first five monthly payments on time, you may be eligible for a credit limit increase, helping you build your credit.
The Citi Rewards+℠ Student Card offers an innovative rewards structure that maximizes your points on everyday spending.
6. Deserve® EDU Mastercard for Students
The Deserve® EDU Mastercard is designed specifically for international students and those with limited credit history. Let's explore its features:
- No Social Security Number Required: International students can apply for this card without a Social Security Number, making it accessible and inclusive.
- Amazon Prime Student Offer: Cardholders are eligible for a 12-month complimentary Amazon Prime Student membership, providing various benefits and discounts.
- Cash Back Rewards: This card offers 1% unlimited cash back on all purchases, helping you save money on your everyday expenses.
The Deserve® EDU Mastercard for Students is an excellent option for international students and those starting their credit journey.
7. Wells Fargo Active Cash Card
The Wells Fargo Active Cash® Card offers straightforward cashback rewards with no category restrictions. Here's why it stands out:
- Unlimited Cash Rewards: With this card, you can earn unlimited 2% cash rewards on purchases, providing consistent value on your everyday spending.
- Introductory APR: Enjoy an introductory 0% APR period for purchases and balance transfers, giving you some financial flexibility.
- Cell Phone Protection: Pay your monthly cell phone bill with this card, and you'll have up to $600 protection against covered damage or theft.
The Wells Fargo Active Cash® Card offers simplicity and generous cash rewards for students seeking a reliable credit card.
5 Best Cash Back Credit Cards: Maximizing Your Rewards
Frequently Asked Questions (FAQs)
What are the key factors to consider when choosing a student credit card?
When choosing a student credit card, consider factors such as rewards programs, interest rates, annual fees, credit-building opportunities, and additional benefits like no foreign transaction fees.
Can international students apply for student credit cards?
Yes, some student credit cards, like the Deserve® EDU Mastercard, are specifically designed for international students and do not require a Social Security Number.
How can a student credit card help build credit?
Using a student credit card responsibly by making on-time payments and keeping credit utilization low can help students build a positive credit history over time.
Are there any student credit cards with no annual fees?
Yes, several student credit cards, including Discover it® Student Cash Back and Capital One Quicksilver Student Cash Rewards Credit Card, have no annual fees.
What is the importance of a good credit score for students?
A good credit score is crucial for students as it can impact future loan approvals, rental applications, and even employment opportunities. It demonstrates financial responsibility and opens doors to better financial options.
Can student credit cards offer cashback rewards?
Yes, many student credit cards offer cashback rewards on purchases, allowing students to earn rewards on their everyday expenses.
Conclusion
Choosing the right student credit card is an essential step toward building a solid financial foundation. The top student credit cards mentioned in this article, including Discover it® Student Cash Back, Capital One SavorOne Student Cash Rewards Credit Card, Capital One Quicksilver Student Cash Rewards Credit Card, Bank of America® Travel Rewards for Students, Citi Rewards+℠ Student Card, Deserve® EDU Mastercard for Students, and Wells Fargo Active Cash® Card, offer unique benefits and rewards designed to cater to students' needs. Consider your spending habits, rewards preferences, and credit-building goals to find the card that best suits your requirements. Apply for the top student credit card that aligns with your financial goals today!
6 thoughts on “Best Student Credit Cards: Discover the Best Options for Students in 2024”