Which is the best credit card for students?
Top student credit cards include SBI Student Plus Advantage Credit Card & ICICI Bank Student Forex Credit Card. Additionally, you can also get secured credit cards like IDFC FIRST WOW Credit Card, Paisabazaar Step UP Credit Card, Kotak 811 #DreamDifferent Credit Card and ICICI Coral Contactless Credit Card.
Top student credit cards include SBI Student Plus Advantage Credit Card & ICICI Bank Student Forex Credit Card. Additionally, you can also get secured credit cards like IDFC FIRST WOW Credit Card, Paisabazaar Step UP Credit Card, Kotak 811 #DreamDifferent Credit Card and ICICI Coral Contactless Credit Card.
The Petal® 2 “Cash Back, No Fees” Visa® Credit Card is ideal for college students because it's easy to get approved for and you won't have to worry about fees. Instead of requiring a credit score, Petal analyzes your banking activity and other financial data to determine your eligibility for the card.
Capital One Quicksilver Student Cash Rewards Credit Card: Best feature: Rewards for students. Capital One SavorOne Student Cash Rewards Credit Card: Best feature: Rewards for students. Bank of America® Travel Rewards Credit Card for Students: Best feature: Travel rewards for students.
Good to excellent credit is required …
To be approved for any of the student credit cards, you'll need good to excellent credit, with a FICO credit score of at least 690. Many college students with a limited credit history won't qualify.
Used sensibly a student credit card can provide peace of mind and help you start building that all important credit record. Getting a credit card when you are a student can make it easy to spend money you haven't got. However, a credit card can be useful in an emergency and help you start building a credit history.
When filling out a student credit card application, you should include any sources of income you have, even if they are not from employment. Scholarships, grants or financial support from family members are all valid sources of income and should be disclosed. Be truthful and transparent on your application.
The best credit card overall is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on all purchases and has a $0 annual fee. For comparison purposes, the average cash rewards card in 2024 gives about 1% back.
First Progress Platinum Elite Secured Mastercard: The First Progress Platinum Elite Secured Mastercard requires no credit history or minimum credit score for approval. Your security deposit is refundable, and the card is accepted nationwide.
If you typically spend more on dining, entertainment, groceries and travel, then the Capital One SavorOne Student Cash Rewards could be a better fit. But if your spending habits better align with Discover's quarterly bonus categories, you might get more from the Discover it Student Cash Back.
Is Capital One good for students?
The SavorOne Rewards for Students card offers unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores, as well as 1% on all other purchases. You could also get 8% cash back on Capital One Entertainment purchases.
- Best overall: Wells Fargo Active Cash® Card.
- Best cash back on everyday spending: Blue Cash Everyday® Card from American Express.
- Best for long intro APR: Wells Fargo Reflect® Card.
- Best for balance transfers with excellent credit: Citi® Diamond Preferred® Card.
| Categories | Credit Card |
|---|---|
| Best Credit Cards for Shopping and Online Purchases | 1. Standard Chartered Manhattan Credit Card 2. SBI Simply Click Credit Card 3. Citibank Cashback Credit Card |
| Best Credit Cards to Travel | 1. Indian Oil Titanium Citibank Credit Card 2. HDFC Platinum Plus Credit Card |
You can be denied for a wide range of reasons, including poor credit or a lack of income. If you're unable to get a student credit card, you may still be able to get a store credit card, secured card, or credit builder loan.
Getting an ISIC card is just as easy as getting any student ID card from the university. You can get your card through their online system or through their local card issuers. Just apply with your documents, pay for the card through PayPal or your credit card, and you'll get your card within a week or two.
Applicants will typically need fair credit (a FICO score between 630 and 689) to qualify for either of Capital One's student cards, but exceptions may apply.
One of the biggest differences between student and regular credit cards is how to qualify. Student cards are more limited in their rewards offerings and in the size of the credit line you'll receive, but they may have less stringent credit score requirements than regular cards.
Risks of a Student Credit Card
They tend to have high annual percentage rates (APR), so if you spend more than you can afford to pay off by your due date, you'll be hit with interest charges. Those interest rates typically hover around 20%, so charges build up quickly on unpaid balances.
- Low Cash Back Earn Rates. ...
- Generally Only for Students. ...
- Credit History Might Be Needed to Apply. ...
- Lower Credit Limits. ...
- Higher Interest Rates. ...
- Potential for Mismanagement. ...
- Might Encourage Unnecessary Spending. ...
- Fees and Penalties.
Student credit cards are designed to help you build credit, which means you may be able to qualify even if you're unemployed or don't have an extensive credit history. However, depending on factors like your age and current income, you may be required to use a cosigner on your application.
What is the minimum income for Discover?
You must have a minimum individual or household annual income of $25,000, be over 18 years of age, and have a valid US SSN to be considered for a Discover personal loan. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history and application information meet all requirements.
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $76,485 | $1,470 |
| 75th Percentile | $72,000 | $1,384 |
| Average | $63,811 | $1,227 |
| 25th Percentile | $43,400 | $834 |
- Best for students: Discover it® Student Cash Back.
- Best for no annual fee: Citi Double Cash® Card.
- Best secured credit card: Discover it® Secured Credit Card.
- Best for cash back: U.S. Bank Cash+® Visa® Secured Card.
- Best for no credit: Petal® 2 "Cash Back, No Fees" Visa® Credit Card.
The OpenSky® Plus Secured Visa® Credit Card is the easiest credit card to get approved for because there's no credit check for new applicants. In addition to being easy to get, the OpenSky Plus Card has a $0 annual fee and reports to the major credit bureaus, making it easy to save money and build credit.
Wells Fargo Reflect® Card: Best feature: Lengthy 0% introductory APR. Discover it® Miles: Best feature: Travel rewards. Chase Freedom Unlimited®: Best feature: Flexible cash back rewards.
