Best College Student Credit Cards
If you are in college, have a good grasp on your finances, and are looking for a credit card to build credit and get rewards, here are the top Student Credit Cards to choose from. It’s important that you have a good budget in place so that you are able to pay off the balance on your card every month. If you don’t always pay the balance, you will be charged interest.
The Capital One Platinum for Young Adults is made specifically for people with limited credit history. There are no annual fees or balance transfer fees. The Capital One No Hassle Rewards for Young Adults is also for people with limited credit history, but you can also get 1% cash back and a 25% bonus on whatever cash you earned the year before. There is no limit for cash back rewards and they don’t expire.
CitiBank has three cards for college students. The Citi mtvU Platinum Select Visa Card for College Students starts out with 0% Intro APR for the first 6 months and no annual fee. You can earn Thank You points and redeem them for gift cards, airline tickets, and more. You can get 5 Thank You points for virtually every dollar you spend, points for maintaining a GPA, and for paying you bill on time. Finally, you can get a 10% discount at mtvshop.mtv.com and the MTV Store in New York City.
The Citi Platinum Select Card for College Students
is ideal to begin building your credit. You get 0% APR for the first six months and no annual fee. You don’t need a minimum income or co-signer and there is $0 Liability on Unauthorized Charges. Finally, there is the Citi Dividend Platinum Select Card for College Students. You get all the benefits of the Platinum card plus 1% to 5% cash back. Also, they offer a free online account management and bill payment service to help keep you organized.
Discover Card offers the Discover Student Tropical Beach Card for college students. This card offers 0% interest on purchases for 6 months, and no annual fee. With a 5% cash back bonus on select purchases and 1% on everything else, you can actually earn money with this card. Build your credit history with this card.
Whichever card you choose, make sure you pay all your bills in full on time. This is the one thing that will be the difference between thousands of dollars in credit card debt when you graduate and being debt free. Focus on school and keep control of your finances now.