Credit Cards for Students: How to Get Started
So you're a student and you're looking for your first credit card. Congratulations! This is an important step in establishing your credit history. A good credit score will open up many opportunities for you in the future, such as getting a loan at a lower interest rate or renting an apartment. In this blog post, we will provide some tips on how to get started with credit cards and build your credit history.
What is a Student Credit Card?
A student credit card is a credit card designed for students who are attending college or university. It usually has a lower credit limit and a higher interest rate than a regular credit card. Student credit cards can help students build their credit history, which can be helpful when they graduate and want to apply for a car loan or a mortgage. However, it is important to use a student credit card responsibly, as missed payments can damage your credit score. If you're not sure you can handle the responsibility of a credit card, consider signing up for a debit card instead. Debit cards don't require you to borrow money, so there's no risk of falling into debt. And if you use your debit card wisely, it can actually help you build good financial habits that will serve you well in the future.
Reasons To Get a Student Credit Card
A student credit card can be a great way to start building your credit history. With responsible use, a student credit card can help you establish a good credit score, which can lead to better interest rates on future loans and credit cards. In addition, a student credit card can also help you build up your emergency fund. By using your credit card for everyday purchases and then paying off the balance each month, you can slowly but surely build up a cushion of cash that can be used in case of an unexpected expense. And finally, many student credit cards offer valuable perks such as cash back rewards or discounts at popular retailers. So if you're looking for a way to start building your credit history, a student credit card may be the right choice for you.
Best student cards
Bank of America Travel Rewards Credit Card
The Bank of America Travel Rewards Credit Card is one of the best student cards available. It offers a 0% APR for the first 15 months, and there is no annual fee. The card also comes with a number of other benefits, including no foreign transaction fees, 24/7 customer service, and a member rewards program. In addition, the card offers a variety of perks for students, such as discounts on travel and merchandise. The Bank of America Travel Rewards Credit Card is an excellent choice for students who are looking for a credit card with great benefits and low rates.
Bank of Chase Freedom Student
The Bank of Chase Freedom Student is one of the best student cards on the market. It offers a 0% APR for the first 15 months, and there is no annual fee. The card also comes with a rewards program that allows students to earn cash back on their purchases. Additionally, the card has a fraud protection program that helps to protect students from identity theft. Overall, the Bank of Chase Freedom Student is an excellent choice for students who are looking for a credit card with great benefits and excellent protection.
Citi Secured Mastercard
The Citi Secured Mastercard is one of the best student cards for a few reasons. One, there is no annual fee. Two, it has a low interest rate. And three, it offers a credit line increase after five months of on-time payments. This card is perfect for students who are just starting to build their credit history and need to keep their expenses low. Additionally, the Citi Secured Mastercard allows cardholders to earn rewards points on every purchase, which can be redeemed for cash back, gift cards, or travel. So not only will this card help you build your credit, but it will also help you save money on your everyday spending.
Deserve Edu Mastercard for Students
When it comes to finding the best credit card for students, the Deserve Edu Mastercard is a top contender. For starters, there is no annual fee, so you can save money right off the bat. Additionally, this card offers a $300 welcome bonus after you spend $1000 in the first three months, which can come in handy for covering textbook costs or other expenses. Furthermore, you'll earn 1% cash back on all purchases, which can add up over time. And if you use your card to book travel through the Deserve travel portal, you'll get an additional 3% cash back. Finally, this card offers a 0% intro APR on purchases for the first nine months, which can help you avoid interest charges on large expenses. Overall, the Deserve Edu Mastercard is a great option for students who are looking for a way to build their credit while earning rewards.
Deserve It Student Chrome
The Discover it® Student Chrome card is one of the best student credit cards on the market. It offers a low APR, no annual fee, and cash back rewards. Plus, it has a 0% intro APR on purchases and balance transfers for the first six months. This card also comes with some great features for students, including a 6-month grace period on payments, fraud protection, and cell phone insurance. Discover also offers a credit tracker tool to help students monitor their credit score and track their progress. And if you're a parent of a college student, you can set up text alerts to keep tabs on your child's spending. All in all, the Discover it Student Chrome is an excellent choice for any student who is looking for a good credit card. Thanks for reading!
