Navigating the complex world of credit cards can be a daunting task, especially for students with no credit history. Fortunately, the tenacious Reddit community has done some of the legwork for you. We've sifted through the discussions to compile a list of the best credit cards for students with no credit, as recommended by fellow Redditors. So, join us as we dive into these top options and help you kick off your credit journey on the right foot.
Best Credit Cards For Students With No Credit Reddit Table of Contents
1. Discover it® Student Cash Back
1. Discover it® Student Cash Back
Undoubtedly one of the most popular credit cards recommended by Reddit users, the Discover it® Student Cash Back offers a combination of cashback rewards and tools to help build your credit score. Here are some of its standout features:
- 5% cash back on rotating categories, up to $1,500 in purchases per quarter, and 1% cash back on all other purchases
- No annual fee
- Automatic doubling of cash back earned at the end of your first year
- Access to your FICO® credit score
- Zero fraud liability protection
2. Chase Freedom® Student Credit Card
The Chase Freedom® Student Credit Card is another highly recommended option on Reddit, offering a comprehensive package for students looking to establish a credit history. Check out these features:
- $50 bonus after your first purchase made within the first three months
- 1% cash back on all purchases
- Credit limit increases after 5 on-time payments within the first 10 months of account opening
- Free access to your credit score via Chase Credit Journey®
- No annual fee
3. Capital One QuicksilverOne®
Even though this card has a $39 annual fee, Reddit users believe its benefits far outweigh the cost. The Capital One QuicksilverOne® is designed for people with limited or no credit history who want to build credit and enjoy cashback rewards. Take a look at its benefits:
- Unlimited 1.5% cash back on every purchase
- Potential for a higher credit line after making five on-time payments
- Free access to your credit score and tools to help monitor your credit profile through CreditWise®
- No foreign transaction fees
Best Credit Cards For Students With No Credit Reddit Example:
Imagine you're a fresh-faced college student with no credit history, and you choose the Discover it® Student Cash Back card. During your first quarter of using the card, you make $300 in purchases on the rotating categories, earning $15 cash back (5% of $300). Additionally, you spend another $700 on other purchases, earning $7 cash back (1% of $700). In total, you've earned $22 cash back in your first quarter.
At the end of your first year, Discover doubles your cash back, bringing your earnings to $44. You've also used this year to demonstrate responsible credit card use, leading to an improved credit score and better financial opportunities in the future.
We hope this list of Reddit-recommended credit cards for students with no credit provides some clarity and direction as you enter the world of credit. Remember, building credit is a marathon, not a sprint. By choosing the right card for you and practicing responsible financial habits, you'll be well on your way to a fantastic credit score.
If you found this article helpful, be sure to share it with your friends and fellow students. And don't forget to check out other Flik Eco guides for personal finance tips, investing strategies, and more!
