In this post you are going to learn the best credit cards for students according to Reddit users.
A credit card is a small plastic card issued by a bank, building society, etc., allowing the holder to purchase goods or services on credit.
Student credit cards are essentially starter cards meant specifically for those enrolled in accredited four-year colleges or universities.
Compared with other cards designed for first-time card members, student cards generally offer lower fees and interest rates.
Also, rewards are often available, where very few general starter cards offer those.
Card issuers offer these breaks to users who are newbies to managing money, in short, because they want them as potentially valuable long-term customers.
How it works
A credit card is a revolving credit account that allows you to borrow money from the issuer to pay merchants for products and services.
When the bank approves your credit card application, it will cap your account with a credit limit, which is the maximum amount of money the bank will allow you to spend with the card.
Your credit card limit is based on your income, debts, credit history and other criteria.
When you make purchases with your credit card, the transaction is processed by one of the four major payment networks: Visa, MasterCard, American Express or Discover.
Their role is to ensure the merchant receives money for the transaction and that your card issuer bills you for the purchase.
Once you purchase goods or services with a credit card, the purchase amount is deducted from your available balance.
Conversely, when you make a payment on your credit card account, you will have more available credit to use for future purchases or cash withdrawals.
Best 12 Credit Cards for Students According to Reddit
The Discover it Student Cash Back offers a unique combination of strong earning rates and a
welcome bonus not typically seen in student cards.
If leveraged properly, cardholders can earn some serious cash back.
There are no annual fees on this card.
You have the chance to earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
Plus, automatically earn unlimited 1% cash back on all other purchases.
Discover will automatically match all the cash back you've earned at the end of your first year.
So you could turn $50 cash back into $100.
Or turn $100 into $200.
There's no minimum spending or maximum rewards.
Just a dollar-for-dollar match.
Discover is not as widely accepted as MasterCard, Visa or even American Express if you plan to use it over seas.
This is a drawback for students who travel or study abroad.
The quarterly bonus categories may or may not fit how you spend, meaning you might not maximize your earning potential every single quarter.
Discover gives a $20 statement credit each school year your GPA is 3.0 or higher for up to 5 years after becoming a cardholder.
The Bank of America Travel Rewards credit card for Students doesn’t charge an annual fee, sports easy-to-earn rewards and offers a solid welcome bonus, but we also recommend it for study abroad use as it has no foreign transaction fees.
With it you can earn unlimited 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points.
You earn 25,000 bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening – which can be redeemed for a $250 statement credit toward travel purchases
Its reward points are easy to use. Points are worth 1 cent each towards statement credit to pay for flights, hotels, vacation packages, cruises, rental cars or baggage fees.
The card also has no foreign transaction fee, which is handy if you plan to study abroad or go on an international spring break.
We wish it also came with travel protections like lost baggage assistance or travel insurance of some kind, but it doesn’t—students will have to wait until credit will afford them better travel reward cards.
If you don’t like wondering what your bonus categories are going to be or needing to activate them, the Discover it Student chrome offers a consistent category bonus on restaurants and gas—making this card best for those who can’t stand their roommates’ cooking and those who commute to school.
Even better, it offers a welcome bonus in the form of matching your cash back earnings at the end of your first year as a cardholder.
You can earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter.
Plus, automatically earn unlimited 1% cash back on all other purchases.
Discover will automatically match all the cash back you've earned at the end of your first year!
So you could turn $50 cash back into $100. Or turn $100 into $200.
There's no minimum spending or maximum rewards. Just a dollar-for-dollar match.
It has the same pros and cons as its counterpart.
The Discover it Student chrome has the benefit of consistent rewards categories, but it will be more lucrative for most students due to the ability to earn higher rewards on some spending, as long as they can spare the mental bandwidth above and beyond studying for classes to activate the quarterly bonus four times per year.
Discover gives a $20 statement credit each school year if your GPA is 3.0 or higher, for up to 5 years, but the card is not as widely accepted as Visa or MasterCard, especially overseas.
For those planning to road trip home every several months or those consistently commuting and eating out, this card may make more sense.
The Capital One Savor One Student Cash Rewards Credit Card offers excellent benefits and cash back, but won’t make the top of our list due to high APR, lack of a welcome bonus and absence of an introductory APR.
With fantastic cash back in high-spend categories, the rewards are big on dining, entertainment and at grocery stores but the risks of rapidly-accruing debt if not paid off on time—every time—are also quite high.
This can be dangerous for students especially as they learn the ins and outs of an often-unforgiving lending system.
Cardholders earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Target), with 1% on all other purchases.
Plus, earn 8% cash back on tickets at Vivid Seats through January 2023.
This card, like other Capital One’s student cards, has a 26.99% (Variable) APR.
This is a high APR and dangerous for those who don’t understand how credit card APRs work.
Before applying for this card, ensure you fully understand what APR is and how it works.
That being said, the high APR may be worthwhile because of its incredible-for-a-student-card-benefits: extended warranty protections for eligible purchases, price protections, Master rental coverage and cell phone protection for eligible repairs.
Students should carefully evaluate whether the risks are worth the high reward with this delicious, but could-be-poisonous card.
The Chase Freedom family of cards ranks among Forbes Advisor’s favorites, but the student version’s rewards are lackluster in comparison.
What makes this card worth looking into are its benefits, which include purchase protection, travel insurance and extended warranty protection.
The card also offers a lower APR than many other student cards.
You can earn 1% cash back on all purchases.
There is a $50 Bonus after first purchase made within the first 3 months from account opening.
There are no annual fees
- What Happens When Your Debit Card Expires?
- 12 Best Credit Cards for Freelancers in Philippines
- What Color Pen Should You Use When Writing Cheques?
- Can You Cash a Check if Your Name is Spelled Wrongly?
The Chase Freedom Student card’s simplicity—a flat rewards rate and no annual fee—makes it an easy entry into the Chase card system, which offers many much more powerful cards for those with the credit to obtain them—someday.
Chase does offer $20 per year for keeping the account in good standing for up to your first five years as a cardholder and a credit line increase after five on-time payments in ten months for qualified cardholders.
There is a special $50 welcome bonus offer earned after the first purchase made within the first 3 months from account opening.
Additional benefits include purchase protection, travel cancellation/interruption insurance and extended warranty protections.
With a solid-for-a-student-card rewards rate and a great low introductory APR on purchases and balance transfers, the Bank of America Unlimited Cash Rewards for Students makes for a strong offering.
Its weakest link is its lack of major benefits that are often seen with rewards cards.
You can earn unlimited 1.5% cash back on all purchases.
For new cardholders, you can earn a $200 cash rewards bonus after making at least $1,000 in purchases within the first 90 days of opening the account.
There are no annual fees.
The most notable benefit of the Bank of America Unlimited Cash Rewards Student Card is its 0% for 15 billing cycles for purchases and to any balance transfers made within 60 days of opening your account.
A balance transfer fee of 3% of each transaction (minimum $10) applies.
Balance transfers are subject to a 3% balance transfer fee.
This card does charge foreign transaction fees, so it’s not a good choice for students who want to study abroad.
With solid flat-rate cash back rewards for a student card and a fantastic set of benefits like price protection, cell phone protection for covered events and extended warranties for eligible purchases, this card offers an onerous 26.99% (Variable) APR and thus won’t see the top of our list anytime soon.
The card’s cash back rewards, no foreign transaction fees and no annual fee make it worth looking at, but only for those who are sure they’ll pay on time, every time and understand the risks of a high APR.
Cardholders earn unlimited 1.5% cash back on every purchase.
The welcome offer is not available plus there are no annual fees.
It offers extended warranty protections on eligible purchases, price protections, cell phone protection for eligible repairs and an auto collision damage waiver through Master Rental Coverage.
It also includes a high 26.99% (Variable) APR.
For those students who haven’t learned what APR is or how credit card rates and interest works, check out this helpful guide to credit card APR and learn exactly why APRs this high are dangerous and should be avoided.
A credit line increase is offered with this card for those who make on-time payments for six months.
8. Citi Rewards Student credit card. (Unique features for small spenders)
Students who spend a lot on gas and groceries may benefit, and the card's rounding feature helps with small purchases. .
The Citi Rewards Student Card is the only credit card that automatically rounds up to the nearest 10 points on every purchase – with no cap.
Earn 2,500 bonus points after you spend $500 in purchases with your card within 3 months of account opening; redeemable for a $25 gift card at thankyou.com.
0% Intro APR on purchases for 7 months.
After that, the variable APR will be 14.49% to 24.49%, based on your creditworthiness.
Earn 2X Thank you points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter.
Plus, earn 1X Points on all Other Purchases.
The standard variable APR for Citi Flex Plan is 14.49% – 24.49% based on your creditworthiness.
Citi Flex Plan offers are made available at Citi's discretion.
Plus, there is no annual fee.
The Bank of America customized Cash Rewards Credit Card for Students earns cardholders 3% cash back in a category of choice with an option to change categories monthly.
While an attractive headline, the card’s 2% cash back earning at grocery stores and wholesale clubs may prove more lucrative in the long run.
You stand to earn 3% cash back in the category of your choice and an automatic 2% at grocery stores and wholesale clubs.
Cash back is limited up to $2,500 in the 3% and 2% categories combined each quarter.
Earn an unlimited 1% on all other purchases.
The welcome offer includes $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening. There are no annual fees.
The 3% cash back categories you can choose among include: gas, online shopping, dining, travel, drug stores and home improvement/furnishings.
You can change categories monthly, but it takes effort to do so.
Cash is king as far as rewards go, but if you anticipate redeeming any of your rewards for travel you’ll do better with the Bank of America Travel Rewards student card.
The combined 2% rewards rate — 1% when you make a purchase and 1% when you pay it off is among the best on any cash-back card, especially for an annual fee of $0.
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
To earn cash back, pay at least the minimum due on time.
Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months.
After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
Balance Transfers do not earn cash back.
If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
The standard variable APR for Citi Flex Plan is 13.99% – 23.99%, based on your creditworthiness.
Citi Flex Plan offers are made available at Citi's discretion.
You can qualify for this secured card with no credit check and no bank account.
However, there's an annual fee, and the card doesn't give you a way to upgrade to a regular unsecured card.
This card generously includes the following:
No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone.
The refundable deposit you provide becomes your credit line limit on your Visa card.
Choose it yourself, from as low as $200.Build credit quickly.
OpenSky reports to all 3 major credit bureaus.99% of customers that started without a credit score earned a credit score record with the credit bureaus in as little as 6 months.
OpenSky provides credit tips and a dedicated credit education page on our website to support you along the way.
Besides being the self-declared “best credit card for international students,” this card offers benefits for American students, too.
The Deserve EDU MasterCard for Students does not require a social security number, credit history or a cosigner.
The Deserve EDU MasterCard has no annual fee nor foreign transaction fees.
You earn 1% cash back on all purchases.
New cardholders can receive one year of Amazon Prime Student on Deserve after spending $500 in the first three billing cycles (Lifetime Value of $59).
Through MasterCard Platinum, Deserve EDU MasterCard offers an extended warranty, purchase insurance up to $10,000, price protection, travel assistance services, cell phone protection and roadside assistance.
New cardholders can receive one year of Amazon Prime Student on Deserve after spending $500 in the first three billing cycles (Lifetime Value of $59)
What is a good credit card for students according to Reddit?
The best credit card for students would be one with no annual fees, strong rewards and low interest rates to pick as the best in any one area.
Getting a card with an easy point of entry with moderate credit requirements is an added bonus.
Finding the optimal credit card for a student could prove hard.
Therefore, you would have to choose one with offers that work for you.
Based entirely on simplicity and value, a lot of reddit users seem to favor the Discover It Student cash back card over any other card. It offers the best Cashback offers.
If you add them to the low fees associated with it, you can understand the general preference of this credit card over any other.
How many credit cards should a college student have according to Reddit?
It really depends on how much you need them.
My advice is that you should not get too much credit in your books.
You should watch you’re spending and try to use credit when it is absolutely necessary.
You should consider the following when utilizing a credit card.
- Only use the card for convenience and not for long-term borrowing.
- Limit yourself to purchases that can be paid off each month.
- Always pay your monthly bill on or before the due date.
- Try never to pay only the minimum amount due.
- Never make a payment late. Mark the monthly due date in your calendar, and set a reminder alert on your phone or computer a week ahead of the date.
- Try to use no more than one-third of your credit line to keep its utilization low.
- Never use the card for a cash advance, unless it’s an absolute emergency. These usually involve a percentage fee (usually 3%-5%) and sky-high interest rates that kick in from the moment you get the cash (that is, there is no grace period in which to pay it back interest-free).
Is it bad for a college student to have 2 credit cards?
Acquiring multiple student credit cards is possible but not advisable.
Opening multiple student credit card accounts, with little experience managing them, is a recipe for amassing more credit card debt than is healthy and for mismanaging multiple accounts.
It could certainly make sense, though, to use a student credit card to purchase textbooks, school supplies, and other more modest expenses.
This is especially appealing if you’re enjoying an initial period of 0% APR on purchases.
Just be sure to have a plan for paying down the balance before interest charges kick in after the promotional period ends.
Use the smallest amount of credit possible. The only upside to having two credit cards are the bonuses that come with owning some cards.
For example, one card can have a travel bonus and not have a spending bonus yet another card may have a spending bonus on groceries yet another does not.
Therefore, in order to maximize these bonuses, you can have two or more cards.
Bonuses aside, having two credit cards might cause your spending to skyrocket to unmanageable levels.
Therefore, if you need the cards for the bonuses, make sure you have a strict budget.
This could minimize the possibility of having too much credit that you may fail to cover.
According to various testimonials by Reddit users, I suggest the Discover It Student cash card for all new students looking to get a credit card.