A student credit card is an excellent first step in establishing a good credit history. Building good credit may not seem a priority when you are still in school, but you will need it later if you want to finance a car, buy a house or qualify for the best credit card offers. Your credit history can even influence your job prospects and the ability to rent an apartment.
Keep in mind that simply being a college student may not be enough to qualify for a “student” card. In general, you will need access to income, and if you have unstable credit or no credit history, you may find it difficult to get approval. In that case, you must consider a secured credit card. These cards require you to make a cash deposit as a guarantee. The deposit protects the issuers in case you do not pay your bill, which reduces the risk of approving a card.
If you are looking for a new card, these are some of our favorite offers for student credit cards.
Check out the best credit cards for students 2020
|Discover it® Student Cash Back||⭐⭐⭐⭐⭐|
|Deserve® Edu Mastercard students||⭐⭐⭐⭐⭐|
|Capital One Journey Student Rewards||⭐⭐⭐⭐⭐|
|Discover it® Student Chrome||⭐⭐⭐⭐|
|Citi Rewards + ℠ Student Card||⭐⭐⭐⭐⭐|
|Visa® credit card State Farm®||⭐⭐⭐⭐|
|Capital One Secured Mastercard||⭐⭐⭐⭐⭐|
Best Credit Cards For Students 2020: Discover it® Student Cash Back
Discover it® Student Cash Back is an excellent card for a student who is learning to handle credit. In addition to the rewards, you get a free FICO® score, low rates and forgiveness for your first late payment. In addition, Discover says there are no FICO® history requirements for this card.
Best Credit Cards For Students 2020: Deserve® Edu Mastercard
The Deserve® Edu Mastercard is an excellent option for students who cannot qualify on a credit card because they lack a credit history in the United States, a Social Security number or both.
Best Credit Cards For Students 2020: Capital One® Journey® Student Rewards
Journey of Student Rewards from Capital One that offers simple flat rate rewards, with a bonus payable within time. You don’t even need to be a student to apply, so consider it if you have an average credit.
Best Credit Cards For Students 2020: Discover it® Student Chrome
Discover it® Student Chrome is an excellent start card if you are the type of student who eats away from home and travels by car. As with the Discover it® cash rebate for students, Discover says that FICO® history is not required for this card.
Best Credit Cards For Students 2020: Citi Rewards + ℠ Student Card
The Citi Rewards + ℠ student card grants additional rewards on gas and groceries, but its most valuable benefit is the way it increases rewards on smaller purchases.
Best Credit Cards For Students 2020: Visa® credit card for State Farm® students
Options are scarce for people with limited credit, but the State Farm® Visa® student credit card offers the opportunity to accumulate credit while earning rewards.
Best Credit Cards For Students 2020: Capital One® Secured Mastercard®
Capital One® Secured Mastercard® is an excellent start card for someone who has just started a loan.
For more information about the best credit cards 2020 check this article.