Intro: Best Credit Cards for Students with No Credit History
If you’re a student with no credit history and are wondering how to build it, applying for credit cards can be a good way to start. But which one should you choose? In this guide, we’ll cover which credit cards are best for students with no credit history, so you can find the perfect fit for your unique situation!
Top 5 Best Credit Cards For Students
Today’s student will be tomorrow’s consumer. As a result, many credit card companies specifically target students with enticing offers and low interest rates.
Although it might be tempting to go online and apply for a bunch of cards, remember that an inquiry into your credit report will lower your score! It’s best to hold off on applying until you are ready.
In addition, since most people won’t have much (if any) positive information in their history, they should try to apply as close to graduation as possible so they can start building a good track record right away.
The more time spent establishing a history of responsible credit use now, the better chances at securing good terms down the road when you need it most!
The Journey Student Rewards card from Capital One offers 1% cash back on all purchases, a sign-up bonus of $100, no annual fee and no foreign transaction fees.
It’s great for students who are just starting out and trying to build up their credit scores. Plus, it comes with a free FICO score.
BankAmericard Better Balance Rewards
If you’re just starting out and have a limited credit history, BankAmericard Better Balance Rewards is a great option. You won’t earn cashback but you will earn rewards that can be used to reduce your interest rate on all balances in your account, including your purchase balance.
It’s also important to note that BankAmericard Better Balance Rewards doesn’t charge an annual fee, making it one of our favorite cards for students.
Discover it® Secured
This card has no annual fee and offers a cash-back program. It’s geared toward those who don’t have any credit history but want to start building one, so it doesn’t require an annual fee or security deposit.
Those two factors help students establish a positive payment history and earn rewards as they use their card responsibly over time.
Citi ThankYou Preferred Card for College Students
The Citi ThankYou Preferred Card for College Students is an excellent choice for new grads or people who are just starting to build their credit.
It has no annual fee, and you get 2,500 bonus points (worth $25) after spending $500 in purchases within 3 months of opening your account.
You can redeem your rewards points at Costco, Kroger, Albertsons and other popular stores where you’ll find a wide selection of food items and household goods.
BankAmericard Cash Rewards Visa®Card
This card has no annual fee and a limited-time offer of $100 cashback when you spend $500 in your first 90 days as a cardholder. It is well suited to students since it does not require an established credit history.
You can also earn 2% cashback on gas and grocery purchases, and 1% cashback on all other purchases.
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