Building credit history while at college is actually a good move. You may be able to establish your credit faster and graduate with a diploma and good credit score. Tere are different ways to start building your credit and getting a student credit card is probably one of the best. Best Credit Cards for Students.
Best Credit Cards for Students 2020. Best credit cards for college students.
Discover it® Student Cash Back – Best Credit Cards for Students
- Rewards on All Purchases
- Bonus Offer: Yes
- Intro APR on Purchases: 0% (6 months)
- Regular APR: 19.49% Variable
- Annual Fee: $0
| • No annual fee | • Statement credit: good grades |
| • Up to 5% cash-back | • Generous first-year bonus |
Highlights: Start building your credit history with this card that pays generous cash-back on rotating categories. If you are on a tight budget, the cash-back you earn will be a welcomed gift. You can earn Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically. Plus, Discover will match ALL the cash back you’ve earned at the end of your first year, automatically. There’s no signing up. And no limit to how much is matched. .
Need a new laptop or wondering how you’re going to afford textbooks? If you are planning a big purchase and want to pay it off interest-free over time, this card offers an intro APR of 0% for 6 months.
Good Grades Rewards: Spending time at the library pays with this card. Earn up to $100 total in a statement credit through this program by earning a $20 statement credit every school year you have a GPA at 3.0 or higher (up to 5 years total).
Nice to have: Get a Credit Scorecard that includes your FICO® Credit Score for free. Monitor your credit building progress easily with the valuable tools on this card. You won’t be punished with a late fee on your first late payment.
Extra credit: Discover makes your first credit card easy. Redeem your rewards for cash in any amount, at any time and your cash back never expires. Use your rewards instantly at Amazon.com checkout too. Got a question? 100% U.S. based customer service is available 24/7. If you are studying abroad, there’s no foreign transaction fee.
Final grade: This is an amazing card for college students. There’s a robust line-up of features and perks that Discover created just for you.
Discover it® Student chrome – Best Credit Cards for Students
- Rewards on All Purchases
- Bonus Offer: Yes
- Intro APR on Purchases: 0% (6 months)
- Regular APR: 19.49% Variable
- Annual Fee: $0
| • High cash rewards at gas stations and restaurants | • Statement credit: good grades |
| • No annual fee | • Free FICO® Credit Score |
Highlights: This is a great choice if you drive or eat out often. Discover will reward you with Earn 2% cash back at Gas stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.. That means extra cash in your pocket to spend any way you want. Plus, Discover will match ALL the cash back you’ve earned at the end of your first year, automatically. There’s no signing up. And no limit to how much is matched.
Charge your textbooks at the school bookstore and you’ll automatically earn cash back. If you want to pay off your purchase over time with no interest, take advantage of the intro APR of 0% for 6 months, then 19.49% Variable.
Good Grades Rewards: Earn up to $100 total in a statement credit through this program by earning a $20 statement credit every school year you have a GPA at 3.0 or higher (up to 5 years total).
Extra credit: If you misplace your credit card, freeze your account in seconds with an on/off switch on the mobile app and website. No late fee on first late payment. No foreign transaction fees. Free FICO® Credit Score. $0 Fraud Liability. Redeem your rewards for cash in any amount, at any time and your cash back never expires. The list of features seems endless on both Discover student cards.
Final grade: This top card offers many of the same valuable benefits on Discover it® Student Cash Back . Both Discover cards are winners in the student credit card category. If you spend on gas and dining out, this may be the better choice for you.
Journey® Student Rewards from Capital One® – Best credit cards for college students.
| • No annual fee | • No foreign transaction fee |
This no-frills card offers 1% cash back on all purchases; 0.25% cash back bonus on the cash back you earn each month you pay on time.
Take note: This card comes with a steep 26.99% (variable) interest rate. That is almost double the base rate of the Discover cards. For students who might not pay their bill in full each month, the Discover cards offer better terms.
Final grade: The high interest rate is a drawback. The rewards rate is lower than the top rate on other student cards. College students can earn higher cash-back on gas, restaurants and category spending with one of the Discover student cards. There’s no first-year sign up bonus (like you can get with the Discover cards), no introductory 0% interest period and no extra benefits like free credit score, good grades bonus, or forgiveness on first late payment fee. Discover gives college students more robust features on their cards.
About Cards: Best credit cards for college students.
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