Best College Credit Cards: College students ideally do not have much of an experience with credit cards. In fact, handling a credit card is an art in itself. That is exactly why we thought of sharing the details on some of the best college credit cards or the good credit cards for college students.
The purpose of getting a credit card early in your life is all about improving the credit score. The right way to improve your credit score is to make the right payments right in time. If you, as a student want to build your credit score, make sure that you are opting for the right credit cards that specifically focus on timely payments.
A few Best Credit Cards for Students
Well, now that you are aware of why you need to have a credit card as a student, it would be a good idea to check out a few excellent options for the best credit cards for students. Please note that the cards we would be listing do not have any preferential order and any random order would be applicable.
1. Deserve EDU Student Credit Card
The card is specifically designed for use with international students. You do not need to have any social security number or previous credit history. You just need to be 18 years of age, be a student, and have an account in any US bank.
The reward points aren’t impressive, but it offers you a few excellent features that would make it one of the best credit cards for college students. You get a year of Amazon Prime Student membership and 1 % cashback on all transactions. The card is specifically designed for first time credit card users. It should be one of the excellent options for those of you who have no credit history.
2. Citi Rewards + Student Card
If you are someone who tends to make frequent purchases while your purchases tend to smaller in nature, the Citi Rewards+ Student Card should be an excellent and the best student credit card you can opt for. The round up feature offered by the card should be yet another excellent option.
The round up feature would mean for each of the purchases you make, your points would be rounded off to the next 10 points. Thus while a spend of $2 lets you earn 10 points, while a purchase of $21 will help you earn 30 points. That would provide you access to accelerated reward points. The card also has one of the strongest reward points for the gas stations and supermarkets.
3. The Petal Cash Back Visa Card
The Petal Cash Back Visa Card is yet another great option for the best college credit cards. Of course, it isn’t your typical student credit card and thus involves a few prerequisites before you can opt for the card. The card is designed for users who do not have a significant credit history.
You would be able to apply for this credit card even if you have no credit history. Once you have established a timely pattern for payments, you would earn cash back to up to 1.5 percent. What makes it one of the best credit cards for college students is that it does not attract any annual fee or foreign transaction fees. Purchases at select merchants earn you cashback to up to 10 percent.
4. Citi® Secured Mastercard®
As the name itself should indicate, the Citi® Secured Mastercard® should be one of the best student credit card options. With no annual fees, you would find it a great choice for practically all your needs.
If you want to get this credit card, you are expected to make a deposit from $200 to $2500. This deposit will be equivalent to your credit limit. If you show regular payments for a period of 18 months, Citibank returns your deposit (subject to certain conditions) and you would continue using your credit card like any of the unsecured and regular credit cards.
5. Wells Fargo Cash Back College Card
The Wells Fargo Cash Back College Card is one of the excellent options for an assured benefit and can be a great choice as a good credit card for college students. The credit card offered by wells Fargo would be yet another huge option for the students. Without any doubt, this is one of the best credit cards for the student requirements.
You would get access to a 3% Cash Back on Gas, Grocery, and Drugstore Purchases for the First 6 Months, thereafter you get an unlimited 1% Cash Back for a continuous period. It has been designed to be one of the best credit cards for students one can opt for in the US.
Why is it important to get the Best Student Credit card?
Building a credit score is extremely important for a wide range of reasons. A good credit score right in the beginning would make it one of the prominent options in the long run.
A good credit score can be helpful for a variety of reasons and we would definitely recommend opting for the best credit cards for college students for the following benefits –
- For Borrowing money –
A good credit score translates into a better opportunity in borrowing money. Whether you are checking out the options for a credit card, car loan, or home loan, you will find that a good credit history would be a great option.
- Renting a home or apartment –
When you submit an application for renting an apartment or renting a home, you will need to provide your credit score.
- Starting a new Business –
Creditor would look for information on your credit score when providing you access to new credit. It would also be important for getting new business credit.
There are several reasons you would need to have access to the best credit score. Getting the best college credit cards will ensure that you will get access to an enhanced credit score. Make sure that you have opted for the best credit cards ever. The cards outlined above should ideally help you pick the best options.