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Student credit cards are specifically designed for first-time credit card owners, such as college students. It wasn’t until recently that student credit cards started to develop better features and programs such as tools to help students manage their credit and monitor their spending. Some of these programs even offer rewards for purchases that can be redeemed for statement credits, gift cards, merchandise, or even received as a check.
The best student cards should offer a combination of programs and features that benefit the first time credit card owner. Unlike prepaid debit cards, student credit cards work like an unsecured credit card because it allows you to build credit, while learning how to manage your credit for the first time.
Today, the best student credit cards are easy to find online and, luckily for you, the hard work is already done. Here are our suggestions for best student credit cards by our partners.
CompareWallet’s Best Student Credit Cards of 2014
Discover it for Students – The Discover it for Students Card is a mirror image of it’s consumer counterpart. This card will earn students the most cash back out of all student credit cards. Students will earn 5% cash back on select categories of purchases that rotate once per quarter and then you can earn 1% cash back on everything else. There is a 0% intro APR on purchases and an intro balance transfer APR of 10.99% for the first 6 months and the Discover it for Students Card has no annual fee.
Discover offers two more options for students. If cash back is more appealing to you than receiving 0% interest for the first 6 months on purchases, you may want to check out the Discover it for Students $20 Cash Back offer. If you’re interested in just earning cash back on gas purchases and for dining out a restaurants, check out the Discover it Chrome for Students Card.
Citi® ThankYou® Preferred Card for College Students-Earn 2,500 Bonus Points - This is great points credit card for students who plan enjoy their free time and plan to travel while in college. This student credit card will earn you 2 ThankYou Points per dollar spent on purchases made for dining at restaurants and on entertainment, and 1 ThankYou Point on all other purchases.
The best feature of this card might be the 0% intro APR on purchases for 7 months (one month longer than the next best offer). If you plan to study abroad or travel abroad during the summer, this card comes equipped with PIN-and-chip technology for an improved travel experience. No parental co-signer is required to open up a Citi® ThankYou® Preferred Card for College Students account and this card has no annual fee.
JourneySM Student Rewards from Capital One® - The simplest of all student cards, the Journey Student Rewards from Capital One offers a flat 1% cash back on ALL purchases. There’s a 25% bonus for paying on time each month, which means your cash back could be as much as 1.25% cash back. There’s no annual fee and the on-going APR for purchases is 19.8% variable. Cardholders will also get access to a higher credit line after making their first 5 monthly payments on time. Capital One was the first issuer I went to when I was looking to build my credit, so I can put the personal stamp of approval on the Journey Student Rewards from Capital One.
*Editorial Note: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.
*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.
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