Cameron DiGiovanni, Writer
@cdigiovanni20
The main difference between a student credit card and a regular credit card is that student credit cards offer better rewards, rates, and fees than other credit cards for people with limited or no credit. Student credit cards are also meant for college and graduate students, while other cards don’t have the same requirement. Otherwise, student credit cards work the same way as most other credit cards.
Student credit cards usually offer better terms than other starter credit cards because students tend to be young and have above-average earning potential. Credit card issuers want to attract them for future business and might offer a better deal than a student may deserve based solely on their current income and experience.
Student Credit Card vs. Regular Credit Card
Category |
Student Credit Cards |
Regular Credit Cards |
Credit Levels Accepted |
Limited, fair, good, excellent |
Bad, limited, fair, good, excellent |
Credit Limit |
$300 - $5,000 |
$200 - $50,000+ |
Reported to Credit Bureaus? |
Yes |
Yes |
Must Be a Student? |
Yes |
No |
Annual Fees |
$0, typically |
$22, on average |
Unique Benefits |
Student-specific benefits, such as a statement credit to cardholders for good grades |
Valuable perks, such as airport lounge access or extensive travel insurance |
While student and regular credit cards are similar to one another in most respects, student cards are better for people with limited credit history than most other credit cards for no credit. To see great options in both categories, check out WalletHub’s picks for the best student cards and the best starter cards currently on the market.
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