Have you ever wondered about the best Amex credit cards for students? If you're a millennial looking to build your credit, manage your expenses, and unlock wonderful rewards and benefits, you'll want to read on. In this guide, we'll break down the ins and outs of Amex credit cards designed specifically for college students, and share our top picks that put extra cash in your pocket while helping you develop responsible spending habits. Let's dive in!
Amex Credit Cards For Students Table of Contents
American Express: A Trusted Financial Partner
American Express: A Trusted Financial Partner
American Express, also known as Amex, is one of the most reputable financial service providers worldwide. Known for their excellent customer service, valuable rewards, and strong security, Amex offers a variety of credit cards tailored to different financial needs and spending habits.
Why Amex Credit Cards for Students are Essential
As a student, having an Amex credit card can assist you in several ways. Here's why:
- Building Credit: Using an Amex credit card responsibly can help you establish a solid credit history that will benefit your future financial endeavors, such as renting apartments, applying for loans, and even securing post-graduate jobs.
- Financial Education: Amex provides useful resources to educate you about responsible spending, credit management, and financial planning, which are invaluable skills for life.
- Convenience: An Amex credit card makes paying for everyday expenses such as gas, groceries, and course materials easier and adds an extra layer of security to your transactions.
- Rewards: Enjoy reward points, cashback, and other attractive perks when you use your Amex credit card, which can save you money and provide exciting experiences.
Top Amex Credit Cards for Students
Let's take a closer look at the top Amex credit cards designed specifically for students, and find out which one suits your needs best.
1. Blue Cash Everyday® Card from American Express
If you prefer a simple, no-annual-fee card with cash back on daily expenses, the Blue Cash Everyday Card is a great option. Here's what it has to offer:
- 3% cash back at U.S. supermarkets (up to $6,000 per year, then 1%).
- 2% cash back at U.S. gas stations and select U.S. department stores.
- 1% cash back on all other purchases.
- Welcome offer: $200 statement credit after spending $2,000 within the first six months.
- 0% intro APR on purchases for 15 months.
2. Amex EveryDay® Credit Card
The Amex EveryDay Credit Card is perfect for students who enjoy earning travel rewards in addition to cashback. Check out the benefits:
- 2X Membership Rewards points at U.S. supermarkets (up to $6,000 per year, then 1X).
- 1X Membership Rewards point on all other purchases.
- 20% bonus Membership Rewards points for making at least 20 transactions in a billing period.
- Welcome offer: 10,000 Membership Rewards points after spending $1,000 within the first three months.
- 0% intro APR on purchases and balance transfers for 15 months.
- No annual fee.
Amex Credit Cards For Students Example:
Let's take Sarah, a college sophomore who decided to get the Blue Cash Everyday® Card from American Express. Sarah spends around $200 a month on groceries, $100 on gas, and $300 on other purchases. By using her card responsibly and paying off her balance in full each month, Sarah was able to build her credit score and earn $348 a year in cashback rewards. With her rewards, she treated herself and her friends to a fun weekend getaway.
Now that you've gotten the lowdown on the best Amex credit cards for students, it's time to make the most of your financial journey. Choose the one that fits your spending habits and enjoy the benefits that come with responsible use. Remember to always pay your balance in full each month to avoid interest and build your credit score. Share this guide with your fellow students, and check out Flik Eco for more personal finance tips and tricks specially curated for millennials. Cheers to a financially savvy future!
