Credit Cards for College Students

What credit card is right for a college student?

credit cards for college student

If you are in college you may wondering about the opportunities present for credit cards for college students. There are good reasons for a college student to get a credit card such as preparing a history of good credit and also having more spending money for college. There are also a number of choices present for any college student seeking to get a credit card. The various credit cards can all be comparable in their scope of benefit, so it may really take some shopping around to decide which credit card may be best for you. Credit cards are very serious investments so it is worth remembering that you must pay your bills on time or else suffer financial consequences. Debt can be dangerous to get into so don’t get a credit card unless you are ready for added responsibility in your life.  Down below I will mention some available options for credit cards for college students.

Discover it Chrome Card for College Students

The Discover it Chrome Card for College Students is one available option for college students seeking a credit card. Averaged from over 600 reviews this card has received a 4.8 rating. With this card you can get 20 dollars cash back each year your grades are over 3.0 GPA for five years. You can also earn 2 % cash back on gas and restaurants up to 1,000 dollars in purchases each quarter. There is also 1% cash back  on all other purchases. Discover will also match back any money that you make at the end of your first year automatically. Your account will have an off and on switch so that you can freeze your account in case you lost your card, this feature will be able to save you much anxiety in the case you lose track of where your card is. This card comes with  a free Fico credit score available on monthly payments. There is also no annual fee for the card. This card is loaded with great features and should definitely be one of your first choices if you are a college student looking to get a credit card.

Citi ThankYou Preferred Card for College Students

Another one of the credit cards for college students is the Citi ThankYou Preferred Card for College students. One great feature of this card is the 2500 bonus points you receive after you spend 500 dollars within your first three months of owning the card. These bonus points are almost enough to cover a textbook. The user of this card will receive two ThankYou points per dollar on purchases at restaurants and entertainment, and one point per dollar on every other purchase. The ThankYou points never expire and you can earn an unlimited amount. There is also no annual fee for this credit card. There is 0% APR for the first seven months of using the card. After  that the variable APR will be from 15.49% to 25.49%  based upon credit worthiness. There are also travel reward points available on this card. This card also comes with a feature called Citi Private Pass that allows you to purchase special offers on music, sports, and dining. The card also has EMV chip technology to aid in global accessibility of the card.

Wells Fargo Cash Back College Card

The benefits to this card may not appear as outstanding as the previous two cards, but this card is still worth considering. There is no annual charge for choosing this card. And there is also 0% APR for the first six months of using the Wells Fargo Cash Back College Card. After that period there will be an APR of 12.15% to 22.15% based on credit worthiness. There is a 3% cash back rewards on gas, grocery, and drugstore purchases for the first 6 months and 1% cash back on all other net purchases. This card also comes with emergency card replacement features. The Wells Fargo Cash Back College card also has roadside dispatch features in case your car breaks down and you need assistance. There is a zero liability program with this card to assure protection against any and all unauthorized purchases when reported promptly. When this card is linked to a checking account it can also utilize overdraft protection features. There are also rapid alert features that come with the card that quickly notify you in case there are any unauthorized purchases.

Journey Student Credit Card

The Journey Student Credit Card is another available option regarding credit cards for college students. Averaged from  over 4,500 reviews, this card received a 4.6 rating. With this card you can receive 1% cash back on all purchases. Paying back on time can boost that to a total of 1.25% for that month. Rewards will never expire as long as your card is still active. After making your first five  month’s payments with the card you have access to a higher credit line. There is no annual fee with using this card. There also no foreign transaction fees when traveling abroad. From the starting of using this card there is an APR of 24.99%. The ARP may also change depending on market conditions.  The features on this card are not as remarkable as other cards, but this card is still worth considering since there are such good reviews about the card.


Final Thoughts

Getting a credit card in college can be very beneficial in terms of building credit that can help for later securing a mortgage or a loan. There are a number of available credit cards for college students that come with different features. There is the Journey Student Credit card that comes with 1% cash back on all purchases with an increase to 1.25% for on time payments. There is the Wells Fargo College Cash Back Card that has 3% cash back on a variety of purchases for the first six months. And there are still plenty other choices available for a college student looking for a credit card. Just remember that having a credit card is a big responsibility. Paying off a credit card promptly can increase credit, but missing payments can mean big problems. Whichever your choice regarding credit cards, think well into the matter and make a mindful decision if you are thinking about getting a credit card.