Key Takeaways:
- Discover it Student Cash Back offers rewards and benefits for students with no credit.
- Capital One Journey Student Rewards provides unique perks and cash back options for students.
- Citi Rewards+ Student Card helps students establish credit while enjoying various rewards.
- Bank of America Cash Rewards Credit Card for Students offers cash back incentives
- Discover it Secured Credit Card is a valuable tool for building credit with a security deposit.
What to Look for in a Credit Card for Students with No Credit
Before exploring the best credit card options for students with no credit history, it’s crucial to understand the key features and benefits to consider in a credit card designed specifically for this situation. By identifying these essential factors, you can make an informed decision and find a credit card that is the perfect fit for your needs.
Credit Limit:
The credit limit is the maximum amount of money you can borrow on a credit card. For students with no credit, it’s important to choose a card with a reasonable credit limit that aligns with your financial situation and provides the flexibility you need for day-to-day expenses.
Annual Fee:
The annual fee is a charge that some credit card companies impose for the privilege of using their card. As a student, it’s advisable to select a card with little to no annual fees, as this can help you save money and maintain a manageable financial burden.
Interest Rates:
Interest rates determine how much you’ll pay in interest if you carry a balance on your credit card. Given that you’re a student with no credit history, finding a card with favorable interest rates is pivotal to avoid accumulating high interest charges that could negatively impact your financial well-being.
Rewards and Benefits:
Rewards and benefits can be enticing features offered by credit cards that provide additional value beyond the basic functionality. Look for cards that offer rewards points, cash back, or other perks that align with your spending habits and priorities. This way, you can maximize the benefits while building your credit.
Pro Tip: Consider selecting a credit card that offers rewards in categories that are relevant to students, such as dining, entertainment, or online subscriptions. This way, you can earn rewards on your everyday expenses and make your credit card work for you.
Building Credit:
For students with no credit, a primary objective is to build a positive credit history. Look for a credit card that reports your payment activity to the major credit bureaus. This means that by using the card responsibly and making timely payments, you can gradually establish a strong credit profile.
Customer Support and Online Access:
Consider the availability of customer support and online access when choosing a credit card. Having easy access to manage your account, make payments, and receive assistance when needed can greatly enhance your overall credit card experience.
No Foreign Transaction Fees:
If you’re a student who plans to travel or study abroad, it’s beneficial to find a credit card that doesn’t charge foreign transaction fees. This feature can help you save money on international purchases and make your card a convenient and cost-effective travel companion.
By keeping these factors in mind, you can identify a credit card tailored to students with no credit history that meets your specific needs and objectives. And now, let’s explore the 7 best credit cards for students with no credit.
Discover it Student Cash Back
The Discover it Student Cash Back card is a top choice for students without credit who are looking for a credit card that offers attractive benefits and rewards. This section provides an in-depth review of the card’s features and highlights why it is a strong option for student cardholders.
Designed specifically for students, the Discover it Student Cash Back card offers a range of benefits that help students establish a strong credit history while enjoying rewards on their everyday purchases. Here are some key features of the card:
- Rewards Program: The card offers 5% cash back on rotating categories, such as gas stations, grocery stores, restaurants, and more. Students can earn up to $1,500 in combined purchases each quarter.
- Good Grades Reward: Students who maintain a GPA of 3.0 or higher can enjoy a $20 statement credit each school year for up to five consecutive years.
- No Annual Fee: The Discover it Student Cash Back card has no annual fee, making it a cost-effective choice for students.
- Freeze It®: This feature allows cardholders to freeze their account quickly if their card is misplaced, providing peace of mind and added security.
- Build Credit History: By using the Discover it Student Cash Back card responsibly, students can start building a positive credit history, which can benefit them in the long run when applying for future credit.
“The Discover it Student Cash Back card is an excellent choice for students without credit who are looking to start building their credit history while enjoying generous rewards. With no annual fee and attractive cash back rates, this card offers a winning combination for student cardholders.”
In addition to these features, the Discover it Student Cash Back card provides access to a range of valuable student resources, such as the Discover Credit Scorecard, which allows students to monitor their FICO® Credit Score for free.
Rewards Program Highlights
One of the standout features of the Discover it Student Cash Back card is its rewards program. Let’s take a closer look at the rotating categories and how students can maximize their cash back earnings:
| Rewards Category | Cash Back Percentage | Quarterly Maximum |
|---|---|---|
| Gas Stations & Ride-Sharing | 5% | $1,500 |
| Grocery Stores | 5% | $1,500 |
| Restaurants | 5% | $1,500 |
| Amazon.com | 5% | $1,500 |
| All Other Purchases | 1% | N/A |
As shown in the table above, the Discover it Student Cash Back card offers a generous 5% cash back on select categories, allowing students to earn substantial rewards on their everyday expenses. By utilizing these rotating categories strategically, students can maximize their cash back earnings throughout the year.
In conclusion, the Discover it Student Cash Back card is an excellent choice for students without credit who are looking to build a positive credit history while enjoying valuable rewards. With its attractive benefits, no annual fee, and student-focused resources, this card provides a strong financial tool for student cardholders.
Capital One Journey Student Rewards
When it comes to credit cards designed specifically for students with no credit history, the Capital One Journey Student Rewards card stands out as a top contender. This card offers a range of unique benefits and rewards that make it an excellent choice for students looking to establish a strong financial foundation.
A Tailored Approach to Student Credit
The Capital One Journey Student Rewards card is specifically tailored to meet the needs of students who are new to credit. This means that even if you have no credit history, you still have the chance to get approved for this card and start building your credit score.
One of the standout features of the Capital One Journey Student Rewards card is the ability to earn cash back on every purchase. This feature can be a great incentive to use your credit card responsibly while also earning rewards that can add up over time.
Building Credit While Earning Rewards
By using the Capital One Journey Student Rewards card responsibly, you can begin building a positive credit history while also enjoying the benefits of a reward program. Every time you make a purchase with your card, you have the opportunity to earn cash back, which can be a valuable bonus for students managing their finances.
In addition to the cash back rewards program, the Capital One Journey Student Rewards card also offers other perks that cater to students. These may include free credit score tracking, tools to help you understand and improve your credit, and access to a mobile app that makes managing your account on the go effortless.
The Key Benefits of the Capital One Journey Student Rewards Card:
- Earn cash back on every purchase
- No annual fee
- Access to credit-building tools and resources
- Free credit score tracking
With its tailored approach to student credit and the valuable benefits it offers, the Capital One Journey Student Rewards card is undoubtedly an excellent choice for students looking to establish credit and enjoy rewards along the way.
Citi Rewards+ Student Card
When it comes to credit cards for students without credit, the Citi Rewards+ Student Card is a compelling option to consider. This card offers a range of benefits and features specifically designed to support students in building their credit while enjoying various perks.
Benefits
The Citi Rewards+ Student Card comes with several benefits that make it an attractive choice for students. One of the key advantages is that it rounds up your purchases to the nearest 10 points, allowing you to earn rewards faster. Additionally, the card offers a generous welcome bonus and provides access to exclusive events and experiences.
Rewards Program
The rewards program offered by the Citi Rewards+ Student Card is designed to cater to the needs and preferences of students. Cardholders earn ThankYou Points for every dollar spent, which can be redeemed for a wide range of options, including travel, merchandise, gift cards, and even student loan payments. This flexibility gives students the opportunity to make the most out of their rewards.
Special Features
What sets the Citi Rewards+ Student Card apart from other credit cards for students is its unique features. One such feature is the ability to earn 10% points back for the first 100,000 ThankYou Points redeemed every year. Additionally, the card has no annual fee, making it a cost-effective choice for students who are just starting to build their credit.
“The Citi Rewards+ Student Card is a great option for students looking to build their credit while enjoying valuable rewards and benefits. Its innovative rounding feature and flexible rewards program make it a standout choice for students without credit.”
Comparison table
| Card | Benefits | Rewards Program | Special Features |
|---|---|---|---|
| Citi Rewards+ Student Card | Generous welcome bonus Access to exclusive events and experiences | Earn ThankYou Points for every dollar spent Redeem points for travel, merchandise, gift cards, and student loan payments | Round up purchases to the nearest 10 points 10% points back for the first 100,000 ThankYou Points redeemed each year No annual fee |
Overall, the Citi Rewards+ Student Card offers a comprehensive package of benefits, a rewarding rewards program, and unique features that can help students establish their credit and enjoy a range of perks. If you’re a student looking for a credit card that combines value and flexibility, this card is definitely worth considering.
Bank of America Cash Rewards Credit Card for Students
If you’re a student looking for a credit card that offers cash back rewards, the Bank of America Cash Rewards Credit Card for Students is definitely worth considering. This card provides a range of features, an attractive rewards structure, and various benefits that make it an appealing option for students with no credit history.
One of the key features of the Bank of America Cash Rewards Credit Card for Students is its cash back program. Cardholders can earn cash back on every purchase they make, allowing them to save money while building their credit. The card offers bonus cash back in popular categories such as gas, dining, and groceries, providing even more opportunities to earn rewards.
In addition to its cash back program, the Bank of America Cash Rewards Credit Card for Students also offers a range of benefits. These include no annual fee, which is particularly beneficial for students on a budget. The card also comes with access to online and mobile banking, making it convenient for students to manage their finances on the go.
Furthermore, as a Bank of America cardholder, students can enjoy the added peace of mind that comes with Bank of America’s security features and fraud protection measures. This ensures that their transactions and personal information are safeguarded.
Why Choose the Bank of America Cash Rewards Credit Card for Students?
When considering credit cards for students with no credit, the Bank of America Cash Rewards Credit Card stands out for several reasons:
- Competitive cash back rewards program
- No annual fee
- Access to online and mobile banking
- Security features and fraud protection
By choosing this card, students can not only start building their credit history but also enjoy the benefits and rewards that come with responsible credit card usage.
“The Bank of America Cash Rewards Credit Card for Students offers a competitive cash back rewards program and a range of benefits, making it an excellent choice for students with no credit.”
Now let’s take a closer look at the rewards structure and potential cash back earnings that students can enjoy with this card:
| Category | Cash Back Percentage |
|---|---|
| Gas | 3% |
| Dining | 2% |
| Groceries | 2% |
| All Other Purchases | 1% |
Note: The cash back percentages apply to the first $2,500 in combined gas, dining, and grocery purchases each quarter. After reaching the $2,500 threshold, the cash back percentage for these categories reverts to 1%. All other purchases remain eligible for 1% cash back.
Discover it Secured Credit Card
The Discover it Secured Credit Card is an excellent choice for students with no credit history who are willing to put down a security deposit. This card provides an opportunity to build credit while enjoying the benefits of a traditional credit card.
Benefits of the Discover it Secured Credit Card
- Rewards Program: Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Plus, enjoy unlimited 1% cash back on all other purchases.
- No Annual Fee: Unlike many secured credit cards, the Discover it Secured Credit Card has no annual fee, helping to keep costs low while building credit.
- Security Deposit: To open this card, a security deposit is required. The deposit acts as collateral and determines the initial credit limit.
- Automatic Reviews: Discover will regularly review your account to see if you qualify for an unsecured credit card. After seven months, you may be eligible for an upgrade.
- Access to Credit Education: Discover provides online resources and access to Credit Scorecard, where you can monitor your credit score and track progress over time.
| Discover it Secured Credit Card | |
|---|---|
| Annual Fee | No Annual Fee |
| Security Deposit | Varies, minimum $200 |
| APR | 22.99% Variable |
| Rewards | 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Plus, unlimited 1% cash back on all other purchases. |
| Credit Limit | Secured credit line matches the amount of your security deposit, up to the amount approved. |
By using the Discover it Secured Credit Card responsibly, students can establish a positive credit history and lay the foundation for future financial success. With its rewards program, no annual fee, and access to credit education resources, this card offers an ideal solution for students interested in building credit while enjoying the benefits of a credit card.
Petal 2 Visa Credit Card
Designed with students in mind, the Petal 2 Visa Credit Card is an excellent choice for individuals with limited or no credit history. This card offers unique features and benefits that can help students establish and improve their credit while enjoying the convenience and rewards of a credit card.
“The Petal 2 Visa Credit Card is an ideal option for students seeking to build their credit score while having access to a range of credit card features and rewards.” – Financial Advisor
One of the standout features of the Petal 2 Visa Credit Card is its innovative cash back rewards program. Cardholders can earn cash back on every purchase, with higher cash back percentages on select categories. This allows students to earn rewards while making everyday purchases, helping them save money and build their credit at the same time.
In addition to its rewards program, the Petal 2 Visa Credit Card offers other benefits that are particularly attractive to students. The card has no annual fee, providing a cost-effective option for students looking to establish their credit. Furthermore, the card offers credit limits up to $10,000, providing students with the purchasing power they need while still maintaining responsible credit usage.
Key Features of the Petal 2 Visa Credit Card:
- Unique cash back rewards program
- No annual fee
- High credit limits up to $10,000
- Built-in financial tools and budgeting features
- No foreign transaction fees
- Flexible payment options
- Access to credit education resources
The Petal 2 Visa Credit Card is a powerful tool for students who want to build their credit wisely. By using this card responsibly and making payments on time, students can demonstrate responsible credit usage and establish a positive credit history. Whether it’s for everyday purchases or emergencies, the Petal 2 Visa Credit Card provides students with the financial flexibility they need.
State Farm Student Visa Credit Card
For students with no credit history, the State Farm Student Visa Credit Card offers tailored features and benefits to help them on their financial journey. With its student-centric approach, this credit card is designed to meet the unique needs of students while providing valuable insurance benefits.
One of the standout features of the State Farm Student Visa Credit Card is its comprehensive insurance coverage. Cardholders can enjoy rental car collision damage waivers, travel accident insurance, and emergency card replacement and cash disbursement in case of lost or stolen cards. These insurance benefits provide peace of mind to students, ensuring they are protected from unforeseen circumstances.
In addition to insurance benefits, the State Farm Student Visa Credit Card also offers convenient and user-friendly features. With online and mobile banking access, students can easily manage their finances wherever they are. They can set up automatic payments, track spending, and receive alerts to stay on top of their credit card activity.
Another appealing aspect of the State Farm Student Visa Credit Card is its rewards program. Cardholders can earn points on every purchase that can be redeemed for merchandise, gift cards, travel, or statement credits. This allows students to make the most out of their everyday spending and enjoy rewards for their responsible credit card usage.
Key Features of the State Farm Student Visa Credit Card:
- Comprehensive insurance benefits, including rental car collision damage waivers and travel accident insurance.
- User-friendly online and mobile banking access for easy account management.
- Rewards program that allows students to earn points on every purchase.
”The State Farm Student Visa Credit Card offers a perfect combination of insurance benefits and convenience for students with no credit history. Its rewards program also provides an additional incentive for responsible credit card usage.”
Overall, the State Farm Student Visa Credit Card is an excellent choice for students looking to establish credit and enjoy valuable perks. With its tailored features, insurance benefits, and rewards program, this credit card can contribute to a student’s financial growth and provide them with a solid foundation for their future.
| Pros | Cons |
|---|---|
| Comprehensive insurance coverage | No introductory APR offers |
| User-friendly online and mobile banking access | Annual fee may apply |
| Rewards program for earning points | No balance transfer offers |
OpenSky Secured Visa Credit Card
For students with no credit who may have difficulty getting approved for a traditional credit card, the OpenSky Secured Visa Credit Card can be an ideal solution. This secured card is designed to help students establish or rebuild their credit while enjoying the benefits of a credit card.
The OpenSky Secured Visa Credit Card works by requiring a security deposit, which becomes the credit limit for the cardholder. This deposit acts as collateral and reduces the risk for the card issuer, making it easier for students to get approved. The card reports to all three major credit bureaus, allowing students to build a positive credit history over time.
With the OpenSky Secured Visa Credit Card, students have the opportunity to responsibly manage their credit and prove their creditworthiness. By making timely payments and keeping their credit utilization low, students can improve their credit score and open doors to better credit opportunities in the future.
Some key features of the OpenSky Secured Visa Credit Card include:
- No credit check required for approval
- Flexibility to choose the security deposit amount, starting from $200
- Reports to all three major credit bureaus
- Potential credit limit increase with responsible card usage
- Online account management for convenience and control
- Visa benefits such as fraud protection and roadside dispatch
The OpenSky Secured Visa Credit Card offers students the opportunity to establish and improve their credit while enjoying the benefits of a credit card. It is a valuable option for students looking to build a strong financial foundation for their future.
Conclusion
After careful evaluation, these 7 credit cards provide valuable options for students with no credit history. By using these cards responsibly, students can successfully build their credit while enjoying various benefits and rewards. It is essential to thoroughly assess each card’s features and rewards programs to ensure they align with your financial goals.
Remember, establishing a solid credit foundation early can have long-term benefits, such as lower interest rates and increased borrowing power. Consider factors like cashback rewards, insurance benefits, and the ability to transition from a secured card to an unsecured card when selecting the right credit card for your needs.
Additionally, it’s important to use credit wisely and make timely payments to avoid unnecessary fees and build a positive credit history. With these credit cards, students can take control of their financial future while enjoying the perks and advantages that come with responsible credit card use.
FAQ
What are the best credit cards for students with no credit?
The top 7 credit cards for students with no credit are Discover it Student Cash Back, Capital One Journey Student Rewards, Citi Rewards+ Student Card, Bank of America Cash Rewards Credit Card for Students, Discover it Secured Credit Card, Petal 2 Visa Credit Card, and State Farm Student Visa Credit Card.
What should I look for in a credit card for students with no credit?
When selecting a credit card for students with no credit, consider factors such as low or no annual fees, rewards programs, cash back options, credit-building features, acceptance at various merchants, and additional perks like insurance benefits or low APRs.
Why is the Discover it Student Cash Back card a good option for students with no credit?
The Discover it Student Cash Back card offers features tailored to students without credit. It provides cash back rewards, a rewards match for the first year, no annual fee, and access to the Discover Credit Scorecard, helping students build credit while earning rewards.
What makes the Capital One Journey Student Rewards card a great choice for students?
The Capital One Journey Student Rewards card is designed for students with limited or no credit history. It offers cash back rewards, no annual fee, access to a higher credit line, and tools to track and manage credit progress.
Why should I consider the Citi Rewards+ Student Card for students with no credit?
The Citi Rewards+ Student Card provides benefits such as round-up rewards on purchases, no annual fee, points for every purchase, flexible redemption options, and a low introductory APR, making it an attractive option for students building credit.
What are the advantages of the Bank of America Cash Rewards Credit Card for Students?
The Bank of America Cash Rewards Credit Card for Students offers cash back rewards, no annual fee, a bonus for making timely payments, potential credit line increases, and the ability to redeem rewards for cash, statement credits, or gift cards.
Why is the Discover it Secured Credit Card suitable for students with no credit?
The Discover it Secured Credit Card allows students to make a security deposit to establish a credit line. It offers cash back rewards, a rewards match for the first year, access to the Credit Scorecard, and opportunities to transition to an unsecured card.
What makes the Petal 2 Visa Credit Card a good option for students without credit?
The Petal 2 Visa Credit Card is designed for individuals with limited credit history, making it a suitable choice for students without credit. It offers cash back rewards, no fees, no security deposit required, and the ability to build credit through responsible use.
What are the features of the State Farm Student Visa Credit Card?
The State Farm Student Visa Credit Card is tailored to meet the needs of students with no credit history. It offers benefits such as cash back rewards, no annual fee, insurance coverage for mobile devices, and the opportunity to earn rewards on everyday purchases.
Why is the OpenSky Secured Visa Credit Card a valuable option for students with no credit?
The OpenSky Secured Visa Credit Card is an ideal solution for students with no credit who may have difficulty getting approved for a traditional credit card. It requires a security deposit, reports to major credit bureaus, and helps students build credit responsibly.
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