Best credit cards for students returning to school

Best credit cards for students returning to school -

The fall semester is quickly approaching, and many students looking to get their first credit card. Before you start applying to all student credit cards, it is essential that you ensure that you have an understanding of how these cards work.

How student credit cards work?

The banks know that it is important for students to build their credit so they create credit cards that are designed specifically for students. Here are some things to keep in mind when looking for a student credit card:

What kind of credit score do you need: Most credit cards students only require an average credit rating, since banks understand that most students are too young to have a credit history. To be approved, you must show that you have an independent income estimated. Keep in mind, the estimated income can include future revenues, summer employment income, and any income grant or scholarship that can be used for living expenses. If you can not show the estimated independent income, you might need to have a co-signer, according to the lender.

How a credit card can increase your credit score: Getting a credit card can be a great way to build your credit history and increase your credit score. No credit history, it will be harder for you to get approved for an apartment, a car or public services after graduation. Which could make the still more difficult is if your early credit history is full of late payments or large amounts of debt, which will lower your credit score. Only get a credit card if you know you can afford to pay the card each month, otherwise you will have financial problems after graduation.

What reward every credit card offer: The best of these credit cards offer basic rewards such as cash back or 0% Intro APR for a long period of time like a regular credit card. Here are some of the best student credit cards we reviewed

Best credit cards for students

Best Ensemble: Citi Dividend card for students

If you are looking to earn up to $ 300 annual cash rewards as you spend money on books, groceries, gas and other current expenses, then the map Citi dividend for students is the perfect solution for you. With this card, you will earn 5% cash back on categories that range from movie tickets to the grocery store or gas in rotation, and 1% cash back on all other purchases. And the best part of the Citi Dividend card for students is that you also get a 0% Intro APR on purchases for 7 months, which means that you will not pay interest on purchases within 7 months.

Best for Cash Back: Discover it® for students

Another great option for those looking to earn cash back is the Discover for students. Similar to Citi Dividend Card, this card offers 5% cash back on up to 1 $ 500 shopping rotating categories and unlimited 1% cash back on all other purchases. In addition to cash back rewards being generous, the Discover Student also offers a $ 20 cash back bonus each school year your GPA is 3.0 or higher for a next maximum of five years .. The card also features no fee late for your first late payment.

Best for monitoring your credit: discover Chrome for students

If you are a student who wants to reap the fruits similar to discover student card, but also keep a track of your credit score, then Discover Chrome for students is the best solution for you. This card will earn you 2% up to $ 1000 automatically combined purchases at restaurants and gas stations each quarter cash and 1% on all other purchases. And to help you get an understanding of your credit score, Discover it Chrome for students also provides a free FICO credit score online, which makes it easier to follow you credit score progress. To top it all, this card also offers a 0% Intro APR on all purchases for the first 6 months of membership card.

Visit our student credit card reviews to learn more about the detailed maps above and learn about other credit card options for students.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and has not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but the terms and conditions of card can change at any time. This site may be compensated by the sending credit card affiliate program.