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Best Credit Cards for in 2017 in Terms of College Student Loans

Discover it for Students

The cards we’ll tell you about today can be beneficial for students who want to build a great credit score while studying at schools.

General overview of the cards:

Discover it® for Students

The best student credit card for those students who have never applied for any credit yet – Discover it® for Students:

Discover it for Students

  • You’re not expected to pay any fee.
  • The credit score to have if you want to get the card amounts to 630-689 points.
  • The rate of your reward: 1.00%.

Citi ThankYou® Preferred Card for College Students

Citi ThankYou® Preferred Card for College Students

The best student credit card for those students who like various kinds of entertainments – Citi ThankYou® Preferred Card for College Students:

  • You’re not expected to pay any fee.
  • The credit score to have if you want to get the card amounts to 690-719 points.
  • The rate of your reward: you get 1 bonus point for each dollar spent.

Journey® Student Rewards from Capital One®

Journey® Student Rewards from Capital One®

The best student credit card for responsible students – Journey® Student Rewards from Capital One®:

  • You’re not expected to pay any fee.
  • The credit score to have if you want to get the card amounts to 630-689 points.
  • The rate of your reward: 1.00%.

If you’ve never applied for a credit card, you may think that it’s quite easy to get a student credit card. Actually, many students believe this. They think that if they got enrolled in a college it automatically qualifies them as being eligible for a student credit card. In fact, it’s not so. A student should have some income at least if he/she wants to be approved for the card. If you don’t have any income yet, you may consider applying for a secured card. Bear in mind that such like cards require you to put a deposit on a card each month.

Overall, a student card is a great option if you need to start establishing a good credit history.

The best student credit card for those students who have never applied for any credit yet – Discover it® for Students

Discover it for Students

General information concerning the card:

  • Special APR Offer: no interest applies on the purchases made within the first 6 months. The rate for the balance transfer operations carried out within the same period of time amounts to 10.99%.
  • Standard APR varies from 13.99 to 22.99%. Cash Advance APR amounts to 25.99% but is also a subject to changes.
  • No annual fee that you’re expected to pay.
  • Special Offer: At the end of the 1st year of you using the card you’ll automatically get cash back for each dollar spent during the period of time.

More information on the card:

  • You’ll get a cash back at the end of the 1st All the sum spent during this period of time will be taken into account.
  • You’ll get a cash back of 5% for the purchases made on Amazon and Target. The offer expires in January 2018. The total sum you can get cash back on is $1,500. For all the rest purchases made with the card the cash back of 1% applies.
  • Reward for the best students: You’ll get $20 cash back each year while studying under the condition that your GPA is at least 3.0.
  • You don’t have to pay any fee for using the card. In case you fail to pay off on time, there won’t apply any Penalty APR.
  • If any problems occur, you can contact the customer support service that’s based in U.S.
  • You can get Credit Scorecard for free. You’ll also get FICO® Credit Score. You’ll able to get additional information concerning the number of recent inquiries and other useful information.
  • You get alerts each time you visit suspicious websites. The feature is new. There is a special monitoring system that looks out for the websites that are dangerous to visit.
  • If you want to prevent any new purchases, cash advance and balance transfer operations, you can use the Freeze It® feature.
  • Once the “bonus” period is over, the standard APR that will apply amounts t0 13.99-22.99%.
  • If you want to get more information concerning the rates and other terms, click on the “APPLY NOW” button.

Advantages

The main advantage of the card is that you have a chance to get 5% cash back on the sum up to $1,500 each quarter of a year. In order to get it, you need to activate bonus categories each quarter of a year. All the rest purchases you make with the card will bring you 1% cash back. There is no Penalty APR. This is very beneficial to students in case they fail to find the necessary sum of money to pay off.

Disadvantages

If you’re going to travel with this card you may face some problems. The thing is that Discover card isn’t accepted all over the world. Besides, if you forget to activate bonus categories, you won’t get any cash back.

Conclusion

Overall, this card is a great option for students who want to start building credit score and learning to take the responsibility for credit.

The best student credit card for those students who like various kinds of entertainments – Citi ThankYou® Preferred Card for College Students

Citi ThankYou® Preferred Card for College Students

General information concerning the card:

  • Special APR Offer: no interest applies on the purchases made within the first 7 months.
  • Standard APR varies from 15.49 to 25.49%. Cash Advance APR amounts to 26.24% but is also a subject to changes. Pay attention to the fact that there is a Penalty APR that can reach up to 29.99%.
  • No annual fee that you’re expected to pay.
  • Special Offer: If you manage to spend $500 during the first 3 months, you’ll be rewarded 2,500 bonus points.

More information on the card:

  • No annual fee to pay.
  • You’re rewarded 2,500 bonus points if you manage to spend $500 during the first 3 months after you open an account.
  • The bonus points you are rewarded can be redeemed at thankyou.com. There is a wide variety of options concerning the redemption.
  • You earn twice as much bonus points when paying with the card for the meals at restaurants and various kinds of entertainment.
  • You can earn 1X points on all other purchases you make with the card.
  • The number of the points you can earn is not limited. They won’t expire for as long as your account is active.
  • The Chip Technology implemented in the card means that your card is accepted all over the world. You can travel to any country you wish with the card.

Advantages

There is no annual fee you’re expected to pay and quite an amazing Special Offer for those opening the account.

Disadvantages

If you are going to study abroad, the card is not the best option. The thing is that you’ll be charged 3% fee on the total sum of any transactions carried out abroad. The value of the rewards varies depending on the redemption option you choose.

Conclusion

The card is ideal for those who enjoy eating out or going to movies. However, the system of the rewards’ redemption is not that good. Depending on which redemption option you choose, the value of the rewards changes.

The best student credit card for responsible students – Journey® Student Rewards from Capital One®

Journey® Student Rewards from Capital One®

General information concerning the card:

  • Special APR Offer: No offer for this card.
  • Standard APR amounts to 24.99% but it can vary. Cash Advance APR amounts to 24.99% but is also a subject to changes.
  • No annual fee that you’re expected to pay.
  • Special Offer: If you pay off on time during the first 5 months, you’ll be offered a higher credit line.

More information on the card:

  • Apart from 1% cash back you get for all the purchases, you’ll get additional 1.25% if you manage to pay off on time.
  • The rewards you earn never expire. The card implies no limits in terms of the rewards you can earn as cash back.
  • Pay on time to get approved for a higher credit line.
  • You don’t have to pay extra charges for the transactions carried out while travelling.
  • There is a special security system that’s activated in case you lost your card or someone steals it from you.
  • You are free to choose monthly due date to pay off.

Advantages

The card allows you to get rewards for just paying off on time. There is no annual fee and you can increase your credit line if you manage to pay off on time during the period of the first 5 months.

Disadvantages

Actually, there are more beneficial cards offering students rewards at a higher rate.

Conclusion

The system of getting rewards is quite clear. Besides, you can get your rewards for just paying off on time. Since you don’t have to be a student to be approved for the card, you can apply for it if you’re interested in an average credit.

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Comments: 6
  1. Anna Thomas

    Hi, I’ve recently checked my credit score and was deeply amazed. I’ve never had my own credit card so I definitely shouldn’t have any score. However, the service showed that I had a certain score. Could anyone explain me how this is possible?

    1. Martin

      Hello, Anna. There are several explanations to your situation. You may be an authorized user on your parent’s account or one of your parents could take a loan in your name.

  2. SallyQueen

    I tried applying for Capital One, but got rejected. I was approved for Discover It card almost immediately after I applied for it. I don’t recommend anyone applying for the BOA credit card because there are monthly fees to pay.

  3. Jocelyn

    I like the Discover card. I get twice as much cash back for gas and it’s really great for me because I’m a regular client at gas stations.

  4. Rupert

    I currently have 3 cards that my parents recommended me to get. I’m a college student, but I live at home with my parents, so I don’t have to pay for renting an apartment. I got my first credit card when I was 15 and my dad was the guarantor. I managed to pay for it with the money I earned. Now, I want to open an account without the help of my parents. I earn approximately 5,000 dollars during the year I study and 3,000 during the summertime. I got approved for Citi and Discover but rejected for Capital One. Could anyone tell me the reason?

    1. Kathryn

      Hello, there. It’s quite difficult to come up with certain reasons because each bank has its own conditions under which you qualify for a card. If you want to know the exact reason, you’d better read the information on the official website of the emitting bank that rejected you.

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