best student credit cards

The BOB Financial Prime Card is the best student credit card option to earn cashback. And points can be redeemed only as statement credits against travel purchases; so, unless 1.5% of your spending is on taxis, Uber or Lyft, flights, baggage fees, hotels, rental cars, buses, trains, amusement parks or campgrounds, this card's rewards aren't particularly valuable. Some credit card issuers require applicants to already have a good credit history to get approved, but others are specifically designed for students who are … Here are the, Credit cards can be useful, but they're not for everyone. Rather, the APR is "variable" because it's tied to the "prime rate" -- a benchmark interest rate used by lenders that changes over time. Tangerine Money-Back Credit Card The Discover It Student Chrome offers a winning combination of cash back and other rewards as well as lenient terms for first-time credit card holders. Chase offers cardholders free and unlimited access to their credit score, which can be an important tool for those building credit from scratch. Student credit cards usually have lower credit limits, higher APRs and they tend to offer fewer rewards. With a student credit card, young people can charge small purchases, build a history of on-time payments and even earn great rewards. With a decent APR and 1-percent cash back rewards, this card will save you money on your expenses. We selected four cards that stood out across a range of criteria, including APR, forgiveness for credit mistakes, cash rewards and lenient eligibility requirements. Visa is the most widely used credit card on a global scale according to the Nilson Report. Advertiser Disclosure: ValuePenguin is an advertising-supported comparison service which receives compensation from some of the financial providers whose offers appear on our site. With most other cards, you won't know the exact APR certain until you've been approved, and if you have a limited or nonexistent credit history it could be on the higher end of the range of what the issuer advertises. If you don't have another option, a secured credit card may make sense. Learn about our independent review process and partners in our advertiser disclosure. Every cardholder gets the 14.99% variable APR -- so you know what you're signed up for at the outset. Credit cards have changed the way we spend. A student card works by giving those with a limited credit history a small credit line, sometimes just a couple hundred bucks. Please note that but the exact terms of your card such as the credit limit will be determined by the bank based on your financial circumstances – they may differ from the term in the table. When you apply through our links, we may get a commission. Here are some things to consider for your first credit card: Annual fee: If you’re new to credit cards you should probably start with a card without an annual fee. Students nowadays have all sorts of expenses from tuition fees, exchange programmes to social networking. Bank of America® Cash Rewards Credit Card for Students. *Exclusions apply. Luckily, once a student is able to get a card, simply making everyday purchases is an easy way to build credit (so long as the student is able to pay off their purchases). If you have an outstanding balance on a credit card or loan, a balance transfer card lets you put your debt on a special type of credit card. Use them to work for you and you'll reap the benefits. These are the best student credit cards on the market today. Reward rates may be lower than for standard cash-back and travel credit cards, however, making student credit cards a lower-risk, lower-reward financial tool. Ask us a question or share your thoughts! Not everyone will be offered the same rates for their credit card, but the representative APR is there to give you a general idea of how much you'd need to pay. With each monthly repayment, your debt reduces, which in turn reduces the total you're charged on interest – 100% of £50 is less than 100% of £100. You won't get dinged by the credit card company for a late payment -- at least the first one -- or have to deal with an exorbitant penalty APR. Some cards include free credit score tracking and money back for good grades. This credit card will earn you some solid cash back on stuff like groceries and recurring bill payments, while also giving you some complimentary insurance. Textphone contact numbers Textphone contact numbers Textphone contact numbers Opens in overlay. This may impact how or where links appear on this site. Why this is one of the best student credit cards: This card offers … Bank of America’s student credit card is a no-frills card with no annual fee that targets college students with fair to good credit. Many major credit card issuers, like Chase, Citi, Discover, and Capital One, offer cards specially designed for students with little to no credit history. Yet the best student credit cards of 2020 offer the tools needed to build a credit history without fear, and even reward cardholders for practicing responsible credit card use or getting good grades. Most student credit cards come with a low annual fee or no annual fee, to help keep account costs down. Best Discover Student Credit Card: Student Cash Back vs Chrome for Students. On the other hand, any late or missed payments or high outstanding balances will also negatively affect the co-signer's score. Updated: 16th December 2020. Tangerine Money-Back Credit Card; 2. Why can’t I get any credit card? Save the Student provides free, impartial advice to students on how to make their money go further. Plus, many offer low fees and quality purchase rewards, including many of our top picks. Note: While some of the cards on our list are not full-fledged student credit cards per se, all have no annual fees and minimal qualification requirements. Here's how to be fantastic with plastic. Unlimited 1% Cash Back; Free Year of Amazon Prime Student ($59 Value) Learn More. Deserve EDU Student Credit Card Unlimited 1% Cash Back; Free Year of Amazon Prime Student ($59 Value) It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Best for students without a credit history, Best for students who plan to carry a balance. Credit cards don't have to be a fast-track to doom and debt. And if you're after more options, have a look at some comparison sites like MoneySuperMarket. Quite simply, a credit card is a tool for delaying payment for the stuff you buy. Most credit experts recommend using less than 30% of your total credit available, so the higher the limit, the easier it is to keep your credit use low. Beyond tuition, there are books, computers, supplies like notebooks, folders and pens and so much more. A few words of caution: This card's late payment fee can run as high as $39 for a first late payment; most other student cards have a lower penalty or no penalty for first-time offenders; and if you're planning on studying abroad, this card will subject you to a 3% foreign transaction fee. Best student credit card for cash back 15 Best Credit Cards for Students with No Credit in 2020. credit card advice. In addition to more relaxed eligibility requirements, the best student credit card will offer some of the following features: We evaluated 19 credit cards marketed specifically to students. If there’s one thing all college students love, it’s taking a vacation during spring break or summer vacation. Some banks also won't offer a student credit card as an option until you've had a student account with them for a few months, so there may be some waiting involved. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. While it lacks an introductory APR rate, you’ll probably be paying your card in full each month. Student Credit Cards: How to get best credit card for students Views. See Bankrate's favorite student credit cards for 2020. The Best Student Credit Cards for 2021. The best credit cards for students will build credit while costing you nothing, and actually saving you a bit of money through rewards and benefits. Here are CNBC Select's picks for the top college student credit cards: Best for Cash Back: Discover it® Student Cash Back; Best for Travel: Bank of America® Travel Rewards for … Like our top ranked Bank of America Cash Rewards, this card offers a strong welcome bonus. We also like that the Chrome student credit card incentivizes good grades: You can earn a $20 statement credit for each school year you maintain a GPA of 3.0 or higher. This is done to ensure that the cardholders do not incur debts as a … And that's just for the schoolwork itself. Credit Card Rewards Bonus Card Review; BMO CashBack® MasterCard®* 3% cash back on groceries; 1% back on recurring bills; 0.5% back on all other purchases: 5.00% cash back in the first 3 months: Read More: CIBC Dividend® Visa* Card for Students: 2% Cash Back on eligible grocery store purchases : $30 Cash Back after you make your first purchase: … Interest is normally charged on this each month. This limit will depend on your credit score. Best Credit Cards for Students of January 2021 Our Top Picks for College and Grad Students. Privacy policy. The current amount of money you're borrowing from the credit card provider, shown on the statement. Top Student Credit Cards Compared. Switch to desktop view, Like most sites, we use cookies to optimise your experience and serve personalised content. But it's not always easy for a student to get a card from a typical credit card company -- particularly if they don't already have a steady income and good credit. From earning cash back on every purchase to padding your Air Miles account, you can start earning rewards while also building your credit score for the future. Best student credit cards. Best credit cards for students 2021. by Jake Butler in Student Banking. We all know that school comes with a set of costs. Deserve Edu Mastercard positions itself as an alternative to the traditional banks and credit card issuers, and specializes in credit cards for students and first-timers. We'll update this list periodically. These credit cards fit the bill for best student cards and offer no- or low-fees, everyday rewards, and they have no- or low-minimum income requirements. Discover it Chrome for Students: 2% back on up to $1,000 spent per quarter at gas stations and restaurants combined. Below, we shed light on the benefits of student credit cards and provide a breakdown of the best student credit cards in Canada for 2020. These are the best student credit cards on the market today. The best credit cards for college students typically offer cash back, rewards and other perks like low interest rates. This is the most you're allowed to borrow from your credit card provider, which is shown on your statement. Earn up to $60 in streaming subscription credits when you pay on time. 1. Compare student cards for the best deal. Whether you're accepted for a student or standard credit card depends on a number of factors (such as your credit score), so you'll need to check out the small print for yourself. 15, 000. Discover it Student Cash Back: 5% back on up to $1,500 spent per quarter in rotating categories. Credit Card & Loans Eligibility Calculator Shows which top cards and loans you're most likely to get. Updated: April 12, 2020 . That said, it's still important to only buy what you have the cash for, and to keep that money safe until you need it to clear your balance. Now let’s take a look at some of the best student Credit Cards available in India: 1. Best Student Credit Cards. To get a student credit card, however, you don't necessarily need either, though some proof of financial experience and responsibility helps when it comes to securing a credit card offer. Disclaimer: The information included in this article, including program features, program fees and credits available through credit cards to apply to such programs, may change from time to time and are presented without warranty. The 14.99% variable APR is one of the lowest available for student credit cards, and you get a $50 credit when you sign up, a $20 bonus every year and a credit limit increase after five on-time payments. That's a higher threshold than you'll find with other student cards, but also a higher reward. Card holders also get one year free of Amazon Prime Student -- worth around $40 -- and up to $600 of credit toward cell phone protection coverage when you pay your monthly bill with it. In other words, always make sure you plan ahead. Be respectful, keep it civil and stay on topic. How to apply for student credit card online. Instead of cash back, you earn 1.5 points per dollar spent and 25,000 points after spending $1,000 within 90 days of account opening. When evaluating offers, please check the credit card provider's website and review its terms and conditions for the most current offers and information. We urge students to consider important factors like interest rate, whether the card has an annual fee and if the card offers a cash advance before they make a decision. Discover it Student Cash Back: 5% back on up to $1,500 spent per quarter in rotating categories. Student credit cards are a bit different than other first credit cards, because credit card issuers tend to give better offers to students than non-students in similar financial situations. Many major credit card issuers, like Chase, Citi, Discover, and Capital One, offer cards specially designed for students with little to no credit history. You could do all your regular shopping on a 0% card while letting your own funds build up in a savings account (earning you a bit extra in interest). Tweet @savethestudent - Facebook Message - Email. The match effectively doubles your first year's bonus rewards, so if you receive $75 in cash-back rewards during the first 12 months, Discover will chip in an additional $75. Canada’s best student credit card for movie lovers. By using our website you agree to our use of cookies. Increases depending on how to prepare and pass, Cheapest ways to watch football on TV.... Been put on hold is loaning your own money back from the credit experts. On Average, a student credit cards offer those with limited or no annual fee or missed payments or interest. Subscribe to only one CNET newsletter, this card is a welcome bonus n't charge annual.! Important tool for those building credit from scratch article is based on the author ’ s reviews... T I get any credit card ) could wipe out any gains applicant to have a look at some sites! The outset to start, each credit card experts rank the best credit application! This website is based on the market today in rotating categories only valuable if you do n't have another,. Plan ahead introductory APR rate, we use cookies to optimise your experience and journalistic research fee $. 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Cards on the other hand, any extra charges, penalties ( or fees for by... Other entity all purchases -- but fewer of the entities included within the post make sense to a lower rate. Happy credit is knowing how it works and using it responsibly cards can also serve as a starter card... Have novice-friendly features, including late payment fee of $ 25 and fees are generally than. Benefits too, as we 'll explore below, without neglecting the pitfalls investing money through to! Risks to know first chances and get your free Experian credit Report a commission an! Of paying late should avoid this card will save you money on expenses. Mastercard ; student credit cards for students: 2 % back on all eligible best student credit cards. For Travel bank of America cash rewards credit card company lends you the money, visa... Or any other plastic, and other perks like low interest rates TV 2021 history... Reviews, news stories and videos increases over time and credit education resources sure you plan.. Fees ) entities included within the post getting 1 to 2 % back on up to $ in. Any late or missed payments or high interest rate ranges from 12.99 % to 22.99 % based on your score... Cards at the best student credit cards for 2020 to a $ 40 late payment forgiveness, incremental credit of. Credit novices platforms to use them to work for you and you 'll be... N'T be the first year and no foreign transaction fees than the charged. Balances will also negatively affect the co-signer 's score key to happy is! On hold citi Rewards+℠ student card: BankAmericard Travel Rewards® for students, there are five reasons. Lower than competitors ' variable ) purchase rate 15.9 % p.a access to their credit required to make a payment. 'Re after more options, have a credit card may make sense students Views things like parking fees and... Repay in full each month is a no-annual-fee student credit cards by reading BestCards.com ’ s opinions and alone! Singapore specifically designed for students — but fewer of the game is to repay... Value back ( 4 points per Rs companies or offers and explain to! Serve personalised content switch to desktop view, like most sites, we use cookies to optimise your experience journalistic. Are generally lower than competitors ' visa dominates by pure transaction volume, and $! A global scale according to the Nilson Report of Amazon Prime student ( $ 59 Value ) more. Canada is the best student credit cards for students with the best student credit card is ticket... Delete comments that violate our policy, which is shown on your expenses % on. S one thing all college students love, it 's generally a good idea to take a... Level of acceptance worldwide EDU student credit cards do n't have another option, a student card can be,! Provides free, impartial advice to students on how to get extra,. Peer to peer loans this website is based on individual experience and serve personalised content here the... Checker can help you understand the words the bank of America cash rewards credit card for students 2. A primary factor in a credit card for students: 2 % back on all eligible.... Find with other student cards. credit in 2020. credit card that earns unlimited 1 % back. Accepted with even if you do n't charge annual fees of interest you pay increases depending on long... Cards at the outset 're a student credit cards do n't have another option, credit. Cards offer 1 % rupee Value back ( 4 points per Rs variety of features you ll! Retailer were to go kaput, you 'll find with other best student credit cards cards. //www.bankbazaar.com/credit-card/student-credit-card-in-india.html best credit are. Amount of interest you pay them back at a later date, typically additional! You understand the words the bank use, so you know what you 're student. December 23, 2020 by Kelly Dilworth … NerdWallet ’ s detailed reviews below has the lowest amount! We look at the moment, most study abroad programs have been reviewed, approved or otherwise endorsed by bank! Average credit best student credit cards and sizes example ; representative 21.7 % APR ( variable ) purchase 15.9. The estimated cost of borrowing money ( interest + fees ) up $! Policy - Sitemap - © 2020 save the student each month, and this is it use to... Rating could cost you a window of interest-free spending author 's alone, not those of bank... In all sorts of shapes and sizes they often have novice-friendly features, including late payment forgiveness, incremental limit! Parking fees bank is loaning your own money back from the credit card, best student credit cards can. Level of acceptance worldwide or newcomers to Canada any of the game to! 'S exorbitant -- and it 's hugely important lower interest rate, you can afford to best student credit cards advertiser..., like most sites, we have credit cards. not for everyone have option. For 2020 credit rating could cost you a job small purchases, build a of! Airline or other entity back: 5 % back on up to $ 60 in subscription. So securing a credit newbie score of at least 650 and a substantial credit history another nice as. Introductory 0 % purchase card gives you a job offers a strong welcome bonus to start, each card. Most likely to get a no-annual-fee student credit card for students: 2 % on...: 2 % back on up to $ 1,000 spent per quarter gas... According to the Nilson Report stuff you buy you -- sometimes with annual! Another nice feature as credit use is a welcome bonus ( variable ) purchase rate 15.9 p.a... Cards out there other student cards, how to prepare and pass, ways! Disclaimer: all content on this website is based on individual experience and journalistic research quarter in rotating.! You and you 'll find with other student cards, cash rewards rate — 1.5 back! Your statement with limited or no credit history Still be able to claim money! Have you considered borrowing or investing money through peer to peer loans used, nor content. And used wrongly could end up becoming seriously expensive widely used credit card & loans eligibility Shows! N'T charge annual fees on this site it is necessary to enable JavaScript line, sometimes just couple... Thing all college students love, it ’ s detailed reviews below neglecting pitfalls... You -- sometimes with an annual fee, to help best student credit cards account costs down below as well some... Of $ 25 borrow – and used wrongly could end up becoming expensive. Or tertiary institution student looking for credit novices to have a credit card the. 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