Heading off to college is an exciting time in life, but it also comes with many new responsibilities - including managing your finances. With so many credit card options out there, it can be overwhelming for college students to choose the right one. Fear not! Flik Eco has got you covered with our top 5 credit cards specifically designed for college students. We'll walk you through the details, features, and benefits of these cards, and get you on your way to building good credit and enjoying financial freedom.
Top 5 Credit Cards For College Students Table of Contents
1. Discover it® Student Cash Back
2. Deserve® EDU Mastercard for Students
3. Bank of America® Cash Rewards Credit Card for Students
1. Discover it® Student Cash Back
Key Features:
- No annual fee
- 5% cash back on rotating categories (up to $1,500 spent) each quarter
- Unlimited 1% cash back on all other purchases
- Good Grades Rewards: Earn a $20 statement credit each year for a 3.0 GPA or higher
- Free FICO credit score access
2. Deserve® EDU Mastercard for Students
Key Features:
- No annual fee
- No credit history requirements – great for international students
- 1% cash back on all purchases
- Free Amazon Prime Student membership for a year (a $59 value)
- Cell phone protection up to $600
3. Bank of America® Cash Rewards Credit Card for Students
Key Features:
- No annual fee
- 3% cash back in the category of your choice (like gas, online shopping, or dining), 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases (up to $2,500 spent per quarter)
- $200 cash rewards bonus after spending $1,000 in the first 90 days
- 0% introductory APR for 15 months on purchases and balance transfers
4. Capital One QuicksilverOne Cash Rewards Credit Card
Key Features:
- $39 annual fee
- 1.5% cash back on all purchases - no need to track rotating categories
- Access to a higher credit line after making your first 5 monthly payments on time
- No foreign transaction fees, making it great for studying abroad
5. Citi Rewards+℠ Student Card
Key Features:
- No annual fee
- Earn 2X ThankYou Points per $1 spent at supermarkets and gas stations (up to $6,000 per year) and 1X points on all other purchases
- Points round up to the nearest 10 points on every purchase
- 10% points back for the first 100,000 ThankYou Points redeemed per year
Top 5 Credit Cards For College Students Example:
Let's say you're a college student who spends most of their money on groceries, gas, and dining out. The Bank of America® Cash Rewards Credit Card for Students might be the best option for you. You could choose dining as your 3% cash back category and earn 2% on groceries. Plus, the 0% APR for the first 15 months can help you save on interest if you're planning any big purchases.
There you have it – Flik Eco's top 5 credit cards for college students that can help you develop wise spending habits and build your credit history from the start. Remember to always pay your balance on time and in full to avoid interest charges and maintain a healthy credit score. Share this guide with your fellow college students and get a head start on a financially secure future. While you're here, explore other guides on Flik Eco for more valuable tips and information on personal finance and investing. Happy swiping!
