The best Visa credit card for students is Journey Student Rewards from Capital One because it has great cash back rewards, gives you extra for paying on time and doesn’t charge an annual fee. But there are a lot of good options to consider. For example, Bank of America® Customized Cash Rewards Credit Card for Students is great for 0% interest at the start, and the Bank of America® Travel Rewards Credit Card for Students has terms well-suited to study abroad.
In general, despite having little credit experience, college students can expect better-than-average rates, fees and rewards because they have high earning potential and many years of financial needs ahead of them. Banks want to get in early, in other words. And you can take advantage of that by getting a great student credit card and saving lots of money.
Journey Student Rewards from Capital One: Most Cash Back – The normal cash back rate is 1% but you can get 1.25% if you pay your bill on time. There’s no annual fee and you don’t need a credit history in order to be approved.
Bank of America® Customized Cash Rewards Credit Card for Students: Intro APR – This card won’t charge you any interest for 12 months, both on purchases and on balance transfers. You get 3% cash back on your first $2,500 in gas, 2% at grocery stores and wholesale clubs, and 1% on everything else. There’s also a $200 bonus when you spend $1,000 in the first 90 days. And there’s no annual fee, nor do you need a credit history.
Bank of America® Travel Rewards Credit Card for Students: Travel Benefits – If you’re planning to travel often, this card is for you. You get unlimited 3 points / $1 at the Bank of America Travel center and 1.5 points / $1 on all other purchases. And you get 25,000 bonus points when you spend $1,000 in purchases in the first 90 days. The card doesn’t have an annual fee and there’s no credit history necessary for approval.
Wells Fargo Cash Back College℠ Card: Bonus Cash Back – This card gives 3% cash back on gas, grocery and drugstore purchases for the first 6 months. After that, you’ll earn 1% back on all purchases. The Wells Fargo Cash Back College card doesn’t charge an annual fee.
Any of these choices are good for students, but Journey Student Rewards and Bank of America Cash Rewards are probably the best two because they offer cash back rewards and don’t charge annual fees. You’ll be able to get the most consistent value out of them. But it’s good to look at cards from networks other than Visa, too. Some of the best choices include Discover it® Student Cash Back and the Capital One Secured Mastercard.
I like the Journey from Capital One, too. You get cash back for all your purchases and the rewards don't expire, there's no annual or foreign transaction fee, and you get fraud coverage in case your card gets lost or stolen.
The best Discover student credit card is the Discover it® Student Cash Back because it gives 5% cash back on different types of purchases each quarter (up to $1,500 spent quarterly, and $6,000 annually) in rotating categories that require activation. That bumps up the card’s earning potential to the top tier of student credit cards. You have to sign up for the new categories each quarter, but there’s an extra cherry on top for those who do: Discover it Student Cash Back will match the cash back that new cardholders earn the first year. That can be a huge benefit if you’re maxing out the card’s 5% back categories. All other purchases earn 1% cash back.… read full answer
The other Discover student card contender is the Discover it® Student chrome, which gives a consistent 2% cash back on up to $1,000 spent at gas stations and restaurants combined each quarter. All other purchases get 1% back. While this rewards setup could work to a commuting student’s advantage, the maximum a cardholder can earn in normal bonus rewards annually is $80. On the plus side, this card won’t make you register for cash back every quarter. Discover it Student chrome also doubles the first year’s cash back, though the bonus has less earning potential than with the Discover it Student Cash Back.
Discover it Student Cash Back: 5% back on up to $1,500 spent per quarter in rotating categories that require activation.
Discover it Student chrome: 2% back on up to $1,000 spent per quarter at gas stations and restaurants combined.
Features on Both Cards: 1% cash back on non-bonus purchases, first-year’s rewards doubled, $20 annual statement credit for a 3.0 GPA (for up to 5 years), no annual fee, no foreign transaction fee, 0% intro APR for the first 6 months on purchases, and 12.99% - 21.99% Variable regular APR.
Overall, students who are organized and eager to enter the world of credit card rewards will do well getting the Discover it Student Cash Back. The Discover it Student chrome might be the better option for commuting students who spend a lot at gas stations and restaurants, but the cash back opportunities aren’t quite as promising.
The best travel credit card for students is the Bank of America® Travel Rewards Credit Card for Students. Bank of America® Travel Rewards Credit Card for Students offers a $0 annual fee, a 0% foreign transaction fee, and rewards of 3 points / $1 spent at the Bank of America Travel Center (1.5 points / $1 on other purchases). It also has an initial bonus of 25,000 points for spending $1,000 in the first 90 days.… read full answer
In general, the best travel credit cards for students have no annual fees, no foreign transaction fees, and attractive rewards. They also accept college students and graduate students with limited or no credit history. For more options worth considering, check out WalletHub's complete list of the best credit cards for college students.
The best Chase student credit card is the new Chase Freedom® Student credit card, which launched in June 2019. This card has a $0 annual fee and gives 1% cash back on all purchases.
It has some nice rewards bonuses, too, starting with $50 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.… read full answer
In addition to these, you earn 5 points (5% cash back) per $1 on Lyft rides through March 2022. Plus, you get a complimentary 3 months of DashPass and after that 50% off the DashPass for the next 9 months (activate by December 31, 2021).
Those rewards rates and fees are pretty good, though not quite on par with the best student credit cards on the market right now. 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 re-joined 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.
Bank of America Travel Rewards if you love to travel and you have the money for it or Capital One Journey if you want a well-balanced card.
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