The best Chase credit card for students is the new Chase Freedom Student Card, which launched in June 2019. The Chase Freedom Student Credit Card has a $0 annual fee and gives 1% cash back on all purchases. It has some nice rewards bonuses, too, starting with 5,000 bonus points (worth $50 as a statement credit) simply for making a single purchase within three months of opening an account. Plus, keeping your account in good standing by paying your monthly bills on time is good for a $20 bonus each year for up to five years.
Those rewards rates and fees are pretty good, though not quite on par with the best student credit cards on the market right now. Perhaps the worst thing about the offer is the fact that you can’t apply for the Chase Freedom Student Card online. You have to visit a Chase branch location to get it.
Before Freedom for Students, there had been no Chase student credit card available for years, ever since the old Chase +1 Student Mastercard was discontinued. That old Chase credit card for college students had no annual fee and gave points to cardholders who paid their bill on time, took financial literacy quizzes, etc.
When it was still being offered, the +1 Student Card was available to newcomers with limited or no credit history. That’s important because the replacement that Chase tried to pawn off on college students afterward, the Chase Freedom Unlimited Card, requires at least good credit history for approval. Chase Freedom Unlimited, one of the best cash back credit cards overall, was never officially branded as being for students. But Chase recommended it for these scholarly credit newcomers on its website for a while.
Now, however, things are looking up for college students shopping for a credit card. Chase, one of the largest credit card companies around, has now officially rejoined the ranks of student credit card issuers. As a result, 6 of the 7 biggest credit card issuers in the U.S. have at least one credit card offer for college students.