MoneyUnder30.com
Simple. Honest. Personal finance.
MoneyUnder30.com

Student Credit Cards

Student credit cards are designed for college students who don’t yet have a full-time income or established credit history. These cards give applicants without a credit history a better chance of approval than mainstream credit cards while still offering perks like 0% intro APRs and rewards programs. In most cases, you can upgrade student credit cards to a regular credit card after a year or two of responsible use.

Discover it® for Students

Great For: Helping students build good credit history.

Credit Needed: Fair

Average Approved Score: 672*

Lowest Approved Score: 629*

  • Fair. No annual fee. No overlimit fee. No foreign transaction fee. No late fee on your first late payment. And paying late won't increase your APR.*
  • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014.*
  • Human. Talk to a real person any time with 100% U.S.-based service.
  • Safe. Because you're never responsible for unauthorized purchases with our $0 Fraud Liability Guarantee.
  • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
  • 0% intro APR* on purchases for 6 months, then the standard variable purchase APR of 12.99% - 21.99%.*
  • *Click "Apply" to see rates, rewards and other information.
Intro APR
Purchases
Intro Term
Purchases
Intro APR
Balance Transfers
Intro Term
Balance Transfers
Regular APR Annual Fee
0% 6 Months See Terms See Terms 12.99% – 21.99%* Variable $0

JourneySM Student Rewards from Capital One®

Great For: Helping students build good credit history.

Credit Needed: Fair

Average Approved Score: 624*

Lowest Approved Score: 558*

  • Earn 1% cash back on every purchase, every month–and pay no annual fee
  • For every month you pay on time, you receive a 25% bonus - that's a total of 1.25% cash back
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Brighten your financial future with responsible credit use - and get rewarded along the way
  • Fraud coverage if your card is lost or stolen
  • There's no limit to the amount of cash back you can earn, and rewards don't expire
  • Pick the monthly payment due date that works best for you
Intro APR
Purchases
Intro Term
Purchases
Intro APR
Balance Transfers
Intro Term
Balance Transfers
Regular APR Annual Fee
N/A N/A N/A N/A 19.8%* Variable $0

Citi® Dividend® Card for College Students

Great For: Earning cash back while building credit.

Credit Needed: Good

Average Approved Score: 697*

Lowest Approved Score: 579*

  • Build credit while earning cash back fast
  • Earn 5% cash back every quarter in must-have categories like department stores, travel and more, enrollment each quarter is quick and easy.
  • Earn 1% cash back on all other purchases
  • The total cash back earned with the card is $300 per calendar year. See Citi Dividend Card Reward Program Information.
  • Choose your payment due date
  • Manage your account online, on your tablet or on your Smartphone
  • No Annual Fee
  • Click Apply Now for pricing details
Intro APR
Purchases
Intro Term
Purchases
Intro APR
Balance Transfers
Intro Term
Balance Transfers
Regular APR Annual Fee
0%* 7 months* N/A N/A 13.99% – 23.99%* Variable $0*

Credit Needed: Fair

Average Approved Score: 0*

Lowest Approved Score: 0*

  • Earn 2,500 bonus ThankYou® Points after spending $500 within the first 3 months of cardmembership.
  • 2 ThankYou® Points per dollar spent on purchases for dining at restaurants and entertainment.
  • 1 ThankYou® Point on other purchases.
  • Points do not expire and earn unlimited Thank You Points
  • Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
  • Travel with ease and enjoy global acceptance with Chip Technology
  • No annual fee*
Intro APR
Purchases
Intro Term
Purchases
Intro APR
Balance Transfers
Intro Term
Balance Transfers
Regular APR Annual Fee
0%* 7 Months N/A N/A 13.99% - 23.99%* Variable $0*

About Student Credit Cards

Student credit cards offer a low-risk way for young people to establish a credit history before entering the “real world”. Building up your credit history may seem unimportant when you have things like finals or finding a summer internship to think about, but starting early and building up your credit history is one of the best things you can do for your future self. Without a credit history, you will find it impossible to get approved for a large loan (like a mortgage or auto loan) because your credit history is a critical factor in determining your overall credit score.

Opening a credit card account is the best way to build credit history, and opening a student credit card while you’re still young offers the additional chance to make responsible credit card habits second nature. Even if you don’t need (or want!) a credit card, you should use it monthly to buy some groceries or a tank of gas, making sure that you pay it off in full every month before your monthly statement.