Are you a college student looking for a credit card that suits your needs? With so many options available, it can be overwhelming to choose the best one for you. Lucky for you, the Reddit community has done some research and has come up with some great suggestions. In this article, we’ll explore the best credit cards for students, as voted by Reddit users.
What to Consider When Choosing a Credit Card
Before diving into the best credit cards for students, it’s important to know what to look for. Here are some factors to consider when choosing a credit card:
Credit Score
As a student, you may not have established credit yet, so it’s important to look for credit cards that are designed for those with little or no credit history.
Annual Fees
Some credit cards charge annual fees, which can add up over time. Look for cards with low or no annual fees.
Rewards
Credit cards often offer rewards such as cashback, points, or miles. Look for cards that offer rewards that match your spending habits.
Interest Rates
Credit cards often charge interest on balances carried over from month to month. Look for cards with low interest rates to avoid paying high fees.
The Best Credit Cards for Students, According to Reddit
After analyzing various Reddit threads, we’ve compiled a list of the top credit cards for students.
Discover it Student Cash Back
This credit card is specifically designed for students and offers cashback rewards on purchases. The card has no annual fee and offers a $20 statement credit each school year for good grades. Discover also provides free access to your FICO credit score, which can help you track your credit progress.
Capital One Journey Student
The Capital One Journey Student credit card is another excellent option for students. The card has no annual fee and offers 1% cashback on all purchases. Additionally, the card offers an incentive to pay on time by increasing the cashback rewards to 1.25% for on-time payments.
Bank of America Cash Rewards for Students
This credit card offers cashback rewards on purchases, including 3% cashback on a category of your choice (such as gas, online shopping, or dining) and 2% cashback on grocery purchases. The card has no annual fee and offers a $200 cash rewards bonus after spending $1,000 in the first 90 days.
Citi Rewards+ Student Card
Citi Rewards+ Student Card is designed for students with limited credit history. The card offers 2X ThankYou points at supermarkets and gas stations for the first $6,000 per year and 1X ThankYou points on all other purchases. Additionally, the card rounds up rewards to the nearest 10 points, which can help maximize your rewards.
Chase Freedom Student
This credit card offers cashback rewards on purchases, including 1% cashback on all purchases and 5% cashback on certain categories (such as groceries or streaming services) on a rotating basis. The card has no annual fee and offers a $50 bonus after making your first purchase.
Conclusion
Choosing the right credit card as a student can be a daunting task, but with these options, you can make an informed decision. Remember to consider your spending habits, credit score, and the rewards offered before making a decision.
FAQs
- What is the best credit card for students with no credit?
- The Discover it Student Cash Back and Capital One Journey Student are both great options for students with no credit.
- What credit cards offer rewards for students?
- Many credit cards offer rewards for students, including the Discover it Student Cash Back, Capital One Journey Student, Bank of America Cash Rewards for Students, Citi Rewards Student Card, and Chase Freedom Student.
- Are there any credit cards with no annual fee for students?
- Yes, all of the credit cards mentioned in this article have no annual fees.
- How can I improve my credit score as a student?
- Paying bills on time, keeping credit card balances low, and limiting credit inquiries can all help improve your credit score.
- Can I apply for a credit card as a student with no income?
- It can be difficult to get approved for a credit card with no income, but some credit cards may consider your student loans or part-time job as income.