The best credit card for students with no credit is the Journey® Student Rewards from Capital One® because it has a $0 annual fee and gives 1% cash back on all purchases (1.25% back in months you pay your bill on time). The Capital One Journey Card also has a $0 foreign transaction fee and is accepted worldwide by merchants that take Mastercard. So it’s a great card for saving money and building credit whether you’re studying abroad or in the U.S.
To help you find the best student credit card for your needs, WalletHub’s editors compared 1,000+ credit card offers based on their rewards, rates, fees and approval requirements. You can check out our picks for the best student credit cards by category below.
Here are 2019’s best credit cards for students with no credit:
|Best For…||Card Name||Annual Fee||Best Feature|
|Cash Back||Journey® Student Rewards from Capital One®||$0||Up to 1.25% cash back|
|Bonus Rewards||Discover it® Student Cash Back||$0||1st year rewards doubled|
|0% Intro APR||Bank of America® Cash Rewards Credit Card for Students||$0||0% APR for the first 12 months|
|Higher Approval Odds||Capital One® Secured Mastercard®||$0||Can be partially secured*|
|No Credit Check||OpenSky® Secured Visa® Credit Card||$35||Easy to get|
*Partially secured means your credit limit could be higher than your required security deposit.
Credit cards for students with no credit usually have $0 annual fees and report account information to 1-3 major credit bureaus each month. So they’re great for building credit inexpensively. No-credit student credit cards also charge interest at a 17.63% annual rate, on average – below the market-wide average of 19.05%, according to WalletHub’s 2018 Credit Card Landscape Report. And many student credit cards have 0% introductory APRs, great rewards or both.
Credit cards for college students with no credit tend to be much better than other credit cards for people with no credit because students have a profitable combination of youth and high earning potential on their side. Most students also have limited or no credit. So as long as your credit isn’t “bad,” and you have an active college or university email address, you should be able to get most credit cards branded for student use. That’s why our editors’ picks for the year’s best student credit cards for no credit are quite similar to the best student cards overall.
Finally, you have to remember that getting the right student credit card is only step one. You must also use it responsibly – by paying your bill on time and using only a portion of your credit limit – if you want to build credit and maximize your savings. You can track your progress and get helpful tips for how to improve by signing up for a free WalletHub account.