No, there is no Amazon student credit card. The easiest Amazon credit card for students to get is the Amazon.com Store Card, which requires at least fair credit for approval. It gives 5% cash back on Amazon purchases to cardholders with a Prime membership. And there’s a special version of Amazon Prime for students, which costs $6.49 per month or $59 per year when paid upfront. That’s up to 50% less than the price of a regular Prime membership, with all the same benefits (you just can’t invite members of your household to share the membership). The first 6 months of Prime Student are a free trial, too.
For students who buy a lot from Amazon, an Amazon.com Store Card plus a Prime Student membership could be a beneficial plan. If you have limited or no credit, however, you need to start somewhere. And the best student credit card for Amazon purchases is the Deserve® EDU Mastercard for Students.
The Deserve EDU only requires limited, has a $0 annual fee, and comes with a free 1-year Amazon Prime Student membership after spending $500 in the first three months. Paired with Prime Student’s 6-month free trial, that’s a year and a half of free Amazon Prime. The card also offers 1% cash back on all purchases.
The easiest credit cards for students to get are student credit cards for applicants with limited or no credit history and secured credit cards, which are available to people with no credit or even bad credit. Since college students tend to have higher incomes in the long term, issuers are willing to extend them better offers than most people without established credit could get. Think of it as an investment in a student’s future financial needs, which could prove quite profitable for a bank that gets in on the ground floor.… read full answer
The easiest credit cards for students to get allow young people to begin building credit before entering the real world. If you use your card responsibly and pay your bills on time, you should be able to get a better deal once you graduate. And that’s true whether you’re starting with a student credit card or a secured card.
Yes, college students should have credit cards because it is the best way to begin building credit history. Simply owning a credit card account and keeping it in good standing can allow a student to go from having no credit at the start of college to fair credit or even good credit by graduation. As a result, responsible credit card use will give students a leg up when they enter the real world. Without a strong credit profile, students may have a difficult time renting an apartment, getting a car loan, finding cheap car insurance, and even landing a job.… read full answer
Nearly 60% of all undergraduate students reported having a credit card in 2018, which amounts to a 90% increase from 2013. And 42% students consider the importance of credit cards to continue growing in the near future. It’s actually a myth that college students can’t get credit cards. To qualify, you have to be at least 18 years old and demonstrate the ability to afford monthly bill payments. More specifically, anyone between the ages of 18 and 21 must prove their ability to independently pay back debt before they can own a credit card, per the Credit CARD Act of 2009. Or, an applicant may have a co-signer who is at least 21 years old. The cosigner would be financially liable for the account. Most credit card companies don’t allow co-signers anymore, though.
At the very least, college students should have a credit card as an authorized user on a parent’s account. You can build credit as an authorized user while the primary cardholder is responsible for making payments. The primary cardholder can also monitor the account. If there’s any sign of reckless card use, they can remove the authorized user at any time.
Missing payments and racking up debt are the biggest reasons people say not to get a credit card as a college student. But there are easy ways to minimize the risk while still reaping all the benefits. For example, you’ll be less likely to miss any due dates if you set up automatic payments from a bank account. You could also pay any annual fee the card may have and then lock the card away somewhere safe – to resist the temptation to overspend. You’ll still build credit that way.
You can get a credit card without a job. Most credit card applications have a section for employment information, but you can also put student, homemaker or unemployed. Annual income and assets are more important than employment status when applying for a credit card, though.
Income is usually from a job, but it can also come from other sources like an inheritance or investments. Your assets are anything of value that you own. For example, if you have a rental property, the property would be an asset. And the rent you charge would be part of your income.… read full answer
If you’re under 21 years old, you’ll need your own income source to qualify for a credit card. That could include a regular allowance from your parents, though. If you’re over 21, you can list household income that you have reasonable access to. For example, a stay-at-home parent could list their spouse’s income. Without a job or any income, a credit card will be much more difficult to get.
How to get a credit card without a job:
Put down non-employment income: You can list alimony, disability benefits, certain scholarships, and investment or rental income, for example.
List shared income: If you have consistent access to someone else’s income, you can list that. For example, it could be an allowance from a relative (if you’re under 21 years old) or your partner’s pay (21+).
Become an authorized user or get a joint account with someone else: An authorized user can make charges on someone else’s account. But the primary cardholder owns the account and is legally responsible for paying the bills. This option is the easiest way to get a card and start building credit. You can also get a joint credit card from U.S. Bank without a job, as long as the co-owner has enough income. But in a joint credit card arrangement, both people are liable for the debt.
Get a secured card: To get a secured card, you must put down a security deposit (usually $200+), which serves as the credit limit. Since there is no possibility of borrowing more than you can pay, secured cards are easier for people with limited income or bad credit to get.
You can get a credit card without a job as long as you have enough income or assets to pay your bills. So being out of work doesn’t mean losing out on the opportunity to improve your credit score or enjoy the convenience of plastic.
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