When I started college in 2002, I did not own a credit card. I traveled 1,300 miles from home and was given a $2,000 per year allowance by my parents, which was to last me the year. I supplemented this allowance with two jobs while at college and even with multiple revenue sources, I still found ways to spend more then I earned … so I decided to sign up for a student credit card.
In 2002, the options of finding credit cards online were limited, and Bank of America was pillaging the University of Miami, giving away free T-Shirts for credit card applications! I gladly sold my soul for a shirt I would never wear and this was the beginning of my $250,000 debt mountain I would take 10 years to overcome.
Today, the best student credit cards are much easier to find and luckily for you the hard work is already done.
Citi® Dividend® Card for College Students- The best cash back credit card for students today, the Citi Dividend Card for College Students dishes out bonus cash back on select categories each quarter like department stores, travel and more, and 1% cash back on all other purchases. The best feature of this card might be the 0% intro APR on purchases for seven months (one month longer than the next best offer). No parental co-signer is required to open up a Citi Dividend Card for College Students account and this credit 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, no annual fee and the variable APR on purchases is 19.8%. 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.
Citi Forward® Card for College Students- The Citi Forward Card for College Students is for those students that are focused on their schoolwork, while spending a little extra on entertainment. No cosigner is required and cardmembers earn 1 point per dollar on all purchases. 100 ThankYou Points can be earned each billing period that you pay on time and stay under your credit line. Card holders may be eligible for an APR reduction on purchases when using credit wisely.
Discover it for Students – The newest of student credit cards, the Discover it for Students is a mirror image of it’s consumer counterpart. 5% cash back is earned on select 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 six months (which is a nice added feature for a Discover credit card) and the Discover it for students has no annual fee.
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*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.