Reviewing The Best Credit Card Options For College Students

The best credit card for college students is the Discover it® Student Cash Back. This card offers 2% cash back on around $1,000 if you make purchases at both restaurants as well as gas stations each quarter, along with 1% cash back on purchases from other places. There’s also no annual fee, and your cash back never expires.

If you’re looking for a card with a low-interest rate, the Citi Simplicity® Card – No late fees ever is a good option. This card has an introductory APR of 0% for 21 months on both purchases and balance transfers (after that, the APR is 16.24% – 26.24% Variable). There’s also no annual fee or late fees.

For a card with no foreign transaction fees, the Capital One® VentureOne® Rewards Credit Card is a good choice. This card offers 1.25 miles per dollar spent on all purchases, and there’s no annual fee. You can also expect a 20,000-mile bonus after spending $500 in the initial three months on purchases.

There are a few key reasons why having a student credit card can be beneficial:

• Establishing good credit: A student credit card can help you build a good credit history, which can be important for things like qualifying for loans or getting a good interest rate on future loans.

• Earning rewards: Many student credit cards come with great rewards programs so that you can earn points or cash back on your everyday spending.

• Getting discounts: Student credit cards often offer exclusive discounts and perks at popular retailers, restaurants, and more.

• Managing expenses: A student credit card can help you keep track of your spending and better manage your finances overall.

If you’re considering getting a student credit card, be sure to compare offers and find one that best suits your needs.

About Student Credit Cards And The Law

Student credit cards can be a great way to help build credit and manage finances, but it’s important to know the rules and regulations before signing up. The Credit CARD Act of 2009 established new protections for young adults under the age of 21, including restrictions on how companies can market and extend credit.

What To Know About Student Credit Cards And The Law

Companies can no longer offer freebies like t-shirts or hats to students in exchange for signing up for a credit card. Students must now prove that they have the ability to pay back any debts incurred before they can be approved for a card. This usually means having a job or other income source.

Students are still able to get credit cards with low-interest rates and other perks, but they need to shop around and compare offers to find the best deal. The Credit CARD Act also established new protections against unfair rate increases and late fees, so students should be sure to read the fine print before signing up for a card.

With these laws in place, student credit cards can be a great tool for building credit and managing finances. Just make sure you know the rules before you apply!