One of the best starter credit cards for students is the Chase Freedom® Student credit card because it has a $0 annual fee and gives you $50 after your first purchase made in the first 3 months. This card also offers 1% cash back on all purchases.
Nearly all student credit cards qualify as starter credit cards because you can get approved for them with limited or no credit history.
In general, student credit cards are the best starter credit cards because they’re easy to get without prior experience yet offer far better terms than an inexperienced applicant would ordinarily command. That’s because lenders want to appeal to students in the hope of gaining a long-term customer who may land a well-paying job upon graduation.
The best starter credit cards for students aren’t necessarily all “student credit cards.” For example, the Capital One QuicksilverOne Cash Rewards Credit Card is a good choice that’s open to anyone with limited. It offers 1.5% cash back on all purchases for a $39 annual fee.
Students who want the highest possible approval odds can opt for secured credit cards. Secured cards are good for building credit and require a refundable security deposit. The deposit sets your credit limit and establishes collateral for the lender.
The best first credit card is Discover it® Secured Credit Card because it offers 2% cash back on the first $1,000 spent per quarter at gas stations and restaurants and 1% everywhere else. Those are the best rewards you’ll find on any credit card for first-timers. Plus, Discover will match all the rewards earned during the first year on the first account anniversary. Discover it Secured Credit Card has a $0 annual fee, but it does require a refundable $200+ security deposit to open the account. The credit limit is equal to the amount of the deposit, up to $2,500. … read full answer
If you’d rather not put down a deposit, there are some good unsecured first-time credit card offers as well.
Best for no deposit:Capital One Platinum Credit Card is the best unsecured credit card for first-timers because it has a $0 annual fee. The downside is that Capital One Platinum does not provide rewards.
Like all Capital One cards, both of those options do not charge foreign transaction fees. Some of the best first credit cards are targeted specifically toward students. Only people enrolled in school can get them, but they provide some of the best terms and rewards.
Best for students: Bank of America® Travel Rewards Credit Card for Students is the best credit card for first-timers who are still in school in large part because it offers a bonus of 25,000 points for spending $1,000 in the first 90 days. It also gives 3 points / $1 spent at the BofA Travel Center and 1.5 points / $1 everywhere else. To top it off, the annual fee is $0.
Even if you’ve never had a credit card before and don’t have a credit history, you should have high chances to qualify for any of these cards if you have an income.
The easiest unsecured credit cards to get generally work best for minor emergencies. You will only receive a small amount of spending power, after all.
Unsecured credit cards for people with bad credit also tend to be very expensive, charging lots of fees and high interest rates. So, if you don’t need a small emergency loan, the best course of action is to improve your credit inexpensively with a secured card. Secured cards are cheaper than unsecured cards, build credit just as effectively, and offer the closest thing you’ll find to guaranteed approval.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.