Studying abroad is an exciting adventure that many students embark on to explore new cultures, broaden their horizons, and gain invaluable life experience. But, along with the excitement comes the responsibility of managing finances, especially while using a credit card. In this blog post, we'll explore the best credit cards for students traveling abroad and provide you all the necessary information so you can make an informed decision and make the most of your time overseas.
Best Credit Cards For Students Traveling Abroad Table of Contents
Best Credit Cards For Students Traveling Abroad
When comparing credit cards for students traveling abroad, it's essential to consider various factors such as fees, rewards, and conversion rates. We've compiled a list of credit cards that offer excellent perks designed specifically for students venturing to foreign lands.
1. Discover it® Student Cash Back
The Discover it® Student Cash Back credit card is an excellent choice for students looking for a card with minimal fees and excellent rewards. With this card, you'll enjoy:
- No annual fee
- 5% cashback on different categories each quarter
- 1% cashback on all other purchases
- No foreign transaction fees
- A cashback match for the first year
- Free FICO credit score access
These features make the Discover it® Student Cash Back card an attractive option for students who want to maximize their spending power while traveling abroad.
2. Capital One Quicksilver Student Cash Rewards
The Capital One Quicksilver Student Cash Rewards card caters to students who want to earn generous cashback rewards while traveling internationally. Some key features of the card include:
- No annual or foreign transaction fees
- 1.5% cashback on all purchases
- Access to a higher credit line after making on-time payments for the first five months
Additionally, Capital One Quicksilver offers travel accident insurance and 24-hour travel assistance, providing extra peace of mind while abroad.
3. Bank of America® Travel Rewards for Students
The Bank of America® Travel Rewards for Students card is designed for students seeking a travel-focused rewards program. The card's standout features include:
- No annual fee or foreign transaction fees
- 1.5 points for every $1 spent on purchases
- 25,000 online bonus points after spending $1,000 in the first 90 days (equivalent to $250 statement credit towards travel purchases)
- Flexible redemption options for flights, hotels, vacation packages, and more
This card is well-suited for students who plan to travel extensively during their study abroad experience and want to earn significant travel rewards.
Best Credit Cards For Students Traveling Abroad Example:
Imagine you're a student planning to study in Italy for a semester. You know you'll be doing a lot of traveling, so you choose the Bank of America® Travel Rewards for Students card. You spend $2,000 on accommodations, train tickets, and other travel-related expenses throughout your trip.
With this card, you'll earn 1.5 points per dollar spent, totaling 3,000 points. Plus, since you spent $1,000 within the first 90 days, you'll receive an additional 25,000 bonus points. When redeeming your points, you have $420 ($250 from bonus points and $170 from spending) in statement credit towards your trip expenses – a significant amount to help offset the cost of your travels.
Choosing the right credit card for your study abroad adventure can make a significant difference in managing your finances and maximizing your travel experience. Keep the fee structure, rewards programs, and helpful features of these cards in mind as you make your decision. Whichever card you choose, always remember to use it responsibly and keep track of your spending to get the most out of your study abroad experience.
If you found this article helpful, please share it with other students preparing for their international adventures. And be sure to explore other helpful guides on Flik Eco for more personal finance and travel tips. Safe travels!
