5 Best Credit Cards for Students
It is never too early to start building your credit. As soon as you graduate you are going to want to have good credit so that you can get approved for some of the things that you are going to need credit for like a house or sometimes even a car. It is hard to get approved for a credit card when you have zero credit, which seems counter intuitive but that is why there are credit cards specifically for students. These are the top 5 in no particular order and why.
1. Discover it Student Cash Back
This credit card by discover has one of the best reward rates. It offers 5% cashback in rotating categories each month. Even if you are not making purchases within that category it offers 1% cashback. Another favorite feature is that it offers Cashback Match. Discover will match your cashback for the first year, so you receive double the rewards. No annual fees and a $1,500 spending limit per quarter.
2. Journey Student Rewards from Capital One
Journey Student Rewards offers 1% cash back on all purchases. If you pay on time it boosts the cash back to 1.25%. This is great for students who are learning to use a credit card because it creates an incentive to pay your statement on time in order to increase your cashback reward. Another great perk to this card is the fact that you can earn $5 a per month on select streaming subscriptions when you pay on time. This is perfect because you know how college students love their streaming services. No annual fees and you get to pick the date when your balance is due.
3. Petal 2 Visa Credit Card
This credit card is similar to other except for the face that when you make 12 on time monthly payments your rewards get a boost. Your cashback increases from 1% to 1.5% and you can earn up to 10% cashback from select merchants. These are great rewards and really help motivate making payments in full and on time. No fees, and up to 10,000 credit limits depending on current credit score.
4. Deserve EDU Mastercard for Students
Deserve offers one year of Amazon Prime Student on after spending $500 in the first three billing cycles with your EDU card. This is a great reward for students because Amazon Prime can be so valuable. Aside from that you also earn 1% cashback on all other purchases. They also have a referral program where if you refer a friend and they sign up you get $30 statement credit and referrals are unlimited!
5. Jasper Cash Back Mastercard
Up to 6% cashback by referring friends! With every friend you refer your rewards rate increases, and the percentage holds for a full year. Receive a $100 signup bonus and no credit history is required. The cashback is not limited to certain categories like some of the competitors.