Automobiles require maintenance. Computers are in need of repair. Smartphones are frequently dropped. Life is unpredictable. It’s comforting to know that if you have a credit card, you may use it to pay unexpected bills. Students can use their credit cards to cover future regular medical costs, as well as to rent a car. This benefit may provide you — and your parents — a sense of security. Of course, you’re still accountable for the credit card statement resulting from these purchases, so only use your credit card for serious emergencies.
A credit check is required for many rental requests so that owners can analyze the individual’s credit history. Again, using a student credit card with a good payback history will help you create a credit record and establish yourself as a competent young person and possible good tenant, which can help you boost your tenancy agreement. When you’re ready to purchase a house, having a good credit record will help you receive a loan.
Credit cards should be used carefully. A lot of students use credit cards without any limitations and discipline, and this will ensure that they will end up in debt and create unnecessary tension. This is why you should always be careful while using credit cards, and you should also be careful about the choice of your credit cards.
We have put together the top 10 most secure credit cards that you can apply for today. Each of these cards has different features and advantages, and you can select one according to your priorities.
Table of Contents
1. Discover it® Student Cash Back Card
With this credit card, you can receive 5% money back on everyday expenses at Amazon.com, supermarkets, cafes, petrol stations, and when you shop with PayPal, up to the monthly limit when you register, up to the monthly maximum when you initiate. Plus, instantly get an unrestricted 1% money back on all other transactions. Even if you will not have a credit record, the Discover it Student Cash Back allows you to skip the “starting card” step. It provides a full-fledged rewards points program, with 5 percent cash back on rolling bonus sectors when you enroll each quarter (up to $1,500 in total purchases, then 1%). At the conclusion of your first annual, Discover’s Cash Back Matching program will equal all of the money back you receive with this card.
2. Capital One Quicksilver Student Cash Rewards Credit Card
This Capital One credit card is a fantastic fit for students who are looking for a card that gives flat-rate money-back benefits and very few changes. There are no international fees involved, and the 1.5 percent straight rewards points rate is one of the best among student credit cards. This card may be a possibility for you if you attend a 4-year college, community college, or other institution of higher learning. Every day, you can receive an unlimited amount of 1.5 percent cashback. There are no yearly fees, foreign processing fees, or hidden fees to pay. With appropriate usage of credit like this, you can help develop your credit. To receive cash rewards, there are no changing categories or sign-ups required; also, cashback will not exhaust for the duration of the program, and there is no restriction to how much you may earn. In as short as 6 months, you could be automatically assessed for a greater credit limit.
3. Petal® 2 “Cash Back, No Fees” Visa® Credit Card
The Petal 2 “Cash Back, No Fees” Visa Credit Card could assist you in advancing to the next level if you’re a scholar with a shaky credit record. This card also has a cashback program with incentives. According to your salary, expenditure, and credit history, you may be authorized for a credit card limit of up to $10,000. After making 12 on-time monthly payments, you can receive up to 1.5 percent money back on qualifying purchases. On sales or balance transfers, there are no introductory APR deals. With this card, your cashback conversion options are limited.
4. Chase Freedom® Student Credit Card
The Chase Freedom Student credit card is a wonderful opportunity for individuals just beginning out on their financial adventure since it offers an easy-to-redeem welcome bonus, no annual subscription, and the opportunity to earn no-hassle, flat-rate money back. For up to 5 years, you can earn $20 in Good Standing Rewards on your membership milestone. For budget-conscious students, the lack of an annual charge is beneficial. Make your first transaction within the first three months of starting your account and receive a $50 incentive. On sales or cash advances, there are no introductory APR deals. On general purchases, you get 1% back, that’s less than a few other cards in this category. For up to 5 years, you can receive $20 in Good Status Awards after each membership anniversary. When satisfying credit standards, cardholders can additionally get a credit card limit boost after making 5 on-time monthly installments within 10 months of account establishment. There is no minimum amount that can be redeemed for cashback. As long as your membership is open, your Cash Back benefits will not expire. With Chase Credit Journey, you’ll also get a free credit score.
5. Capital One SavorOne Student Cash Rewards Credit Card
Consider the Capital One SavorOne Student Cash Rewards Credit Card if you’re searching for a card to finance a good night in and out. It compensates you generously for common eating and recreation expenditures while also allowing you to achieve a larger credit limit in as short as six months with good credit. On eating, amusement, popular streaming platforms, and supermarkets (excluding megastores like Walmart® and Target®), you can receive a limitless 3% cashback, with 1% on all other transactions. Plus, through January 2023, Vivid Seats is offering 8% money back on tickets.
6. Discover it® Student Chrome
This card is an excellent illustration of why it’s critical to select a credit card that benefits you for your most frequent transactions. The Discover it Student chrome gives you extra cashback at petrol stations and eateries, which are two of the most typical places for university students to spend their money. One of the most appealing elements of the Student chrome card is the limitless Cash Back Match intro offer, which is a famous pillar on Discover’s cards with strong credit. During the first year, Discover will double all money back you receive. There are no conditions for minimum spending or a limit on how far the card will double. This is a fairly substantial offer, given that benefits on other college cards are often low, if at all available. Plus, possessing the first 6 months of interest-free expenditures (continuing 12.99 percentage to 21.99 percent adjustable APR afterward) to cover any education expenses might be enough to make this card appealing on its own. Families would welcome youngsters having some breathing space while they settle in and learn the ropes of credit cards. If you don’t pay off your entire balance after the first six months, you’ll lose all of your cashback rewards.
7. Deserve® EDU Mastercard for Students
You don’t need to take a quick lesson in personal finance with the Deserve EDU Mastercard for Students. This card has a basic and uncomplicated rewards rate, and foreign students can apply for it without a Social Security number, which is a rather uncommon benefit that gives a far broader group of learners access to credit. Students can start building credit quickly with the Deserve EDU Mastercard for Students. Applicants are not required to have a credit history, and overseas students are not required to have a Social Security number, both of which would be significant obstacles for those seeking their first credit card. While only a few pieces of information are required to approve an application for a Deserve EDU Mastercard for Students, applicants must have a bank account at the very least.
8. Discover it® Secured Credit Card
A secured credit card is a useful tool for establishing or repairing credit. This card goes a step farther by including a cashback reward option and Discover’s take on a credit card sign-up bonus. In terms of credit-building, Discover will assess your account automatically after seven months to see if you qualify for an expansion to an unprotected line of credit and a complete refund of your fee. Responsible credit practices can open up a lot of doors with this card.
9. The Bank of America Travel Rewards Credit Card
Due to the obvious higher income rate on its rewards program, which you can then use for airfare, accommodations, vacation rentals, cruises, rental cars, or baggage fees, the Bank of America Travel Rewards for Pupils is our choice for one of the highest performing student card and best student travel card. It also features a low annual fee and an extended introductory APR on purchases, which contribute to the card’s high rating. Furthermore, the absence of foreign transaction fees makes this card excellent for student travel outside of the United States.
10. Bank of America® Customized Cash Rewards Credit Card
The Bank of America Customized Cash Rewards for Scholars is one of our best picks for the best student cashback card since it combines a strong money-back rewards program with a convincing one-time reward (a rarity for a student card) and a 0% beginner’s APR on transactions and cash advances without an annual fee. Its cashback rewards scheme is on par with the finest cash-back cards for non-students. As an extra bonus, students will receive free FICO ratings, which they may use to track their success in developing their credit, perhaps allowing them to qualify for a wider selection of cards in the future.