Following is a list of credit card offers designed for high school and college students. Some of the student credit cards feature 0% interest on purchases and balance transfers for 6 months. Students can also earn rewards with a student credit card. Compare student credit card offers and apply online today.
Many companies are offering credit cards designed for students. A credit card can help you become financially independent and build a good credit history. Some cards provide rewards and cash back bonuses that can save you hundreds of dollars a year. Building good credit is very important for those who are planning to take out loans to buy a house or a car.
Most credit cards for students offer one to five percent cash back on groceries, apparel, gas, and everyday products. Before you sign any contract, compare several credit cards to find one that suits your individual needs. Look for one that gives you the highest rewards on frequent expenditures. Some student credit cards offer reward points to those who pay on time or get good grades in school.
Search for student credit cards with flexible redemption options. Some cards allow you to redeem your points for brand name merchandise, concert tickets, gift cards, flight tickets, and exclusive mtvU Rewards. College students can earn reward points for every dollar spent at bookstores, restaurants, movie theaters, and video rental stores.
Student credit cards typically carry a 0% APR for six months. Terms and conditions vary from one card to another. This introductory rate may apply to purchases, cash advances and balance transfers. Evaluate your needs and decide whether you need a card that offers a 0% intro APR on all these services or a standard one.
If you are able to pay your balance in full every month, then you should apply for a student credit card. Keep in mind that once the introductory period expires, you will be charged a higher APR of 12.99 to 22.99 percent. For this reason it is advisable not to use your credit card as a supplemental student loan.