Under the Credit Card Act 2009, getting a credit card as a student if you’re younger than 21, you need either, proof of financial freedom or a co-signer whose at least 21 years old. If you meet these obligations, you qualify for a student credit card, for a first-time cardholder.
Credit cards for students with no credit history
Applying for good credit cards for college students, including an international student credit card is important in the financial lifetime of any person and requires credit card tips for college students.
If you're a student who has previously never had a credit card, it's easy to be overwhelmed when you have to pick credit cards for college students with no job. It should be rather easy to get an approval but most likely won’t offer attractive rewards or very low interest rates, so it is recommended to compare a variety of student credit cards. The aim in selecting one of these student credit offers should consequently be to decrease the charged.
Therefore, as long as you remember to settle your bill on time every month, you will be able to build credit efficiently and work your way towards getting accepted for one of the best credit cards for students with no credit history what so ever. The first best credit card for college students therefore aims to entice new credit worthy customers with campaigns like cash sign-up gratuities, 0 percent into APRs and benevolent rewards programs.
As they come in two types - secured or unsecured, some questions like what is the best credit card for college students, how many credit cards should a college student have and can students get credit cards run through your mind. If you’re registered in school and in the market for a card, here are some of the recommended student cards.
First credit cards for students
Discover it for Students - earn 5% back on revolving extra categories of up to $1,500 in spending each quarter and 1% back on all other acquisitions, $0 annual fee. No late fee on your first late payment, no excess fees, no foreign transaction fees and no penalty APR if you miss a payment. Free FICO score, preliminary APR of 0% on acquisitions for 6 months and 10.99% on balance transfers for 6 months, and a ongoing APR of 13.24% - 22.24% flexible APR.
Citi ThankYou Preferred Card for College Students - receive 2 points per dollar spent on eateries, 1 point per dollar on all else. Earn 2,500 bonus ThankYou points after $500 expenditure within the first 3 months of affiliation.
Journey Student Rewards from Capital One: earn 1% back on every acquisition. Extra recompenses on cash back when you pay on time. It attracts zero annual fees and no foreign transaction fees.
Discover it Chrome for Students - matches all the cash back you've earned at the end of the first year routinely. 2% cash back at eateries and gas stations on up to $1,000 in combined acquisitions every quarter. 1% cash back on all your other acquisitions, good grades rewards and no annual fee. No penalty charges on first late payment or APR change for paying late. Get 100% U.S. based customer service and your FICO Credit Score for free on monthly statements & online. An on/off switch for your account that averts new acquisitions, cash advances and balance transfers.
Whichever card you select, try to apply for only one card as each new credit card request drops your credit score. When you own the card, remain within your credit limit to avoid excess fees and keep off cash advances, which charge interest immediately you receive it.
Lastly, pay your balance in full each month and if not possible, go for a low APR credit card instead.