When you’re a student, you will probably get bombarded by credit card applications at your college campus and via the mail. Although it’s important to start building your credit while you’re still young, it can be daunting to decide on a particular credit card. Which one is right for you? How do you go about choosing one to suit your specific needs? The best thing to do is to select one that is specifically designed with students in mind. Here are some of the best student credit cards for 2017.
Citi ThankYou Preferred Credit Card for College Students
One of the best things about the Citi ThankYou Preferred credit card for college students and that helps it to stand out from other student cards is that it offers rewards all year long. On top of that, it even offers a bonus just for signing up. Enjoy 2,500 bonus ThankYou Points after you spend $500 within the first three months of opening your account. The card is great for any student who spends money on entertainment as you can gain two percent rewards when you dine at restaurants or use your card toward entertainment. You can redeem your ThankYou Points for a number of things, such as books, travel and student loans, as well as at a number of places. The introductory APR on this credit card is zero percent on all purchases for the first seven months and then 14.49 to 24.49 percent afterward.
Discover it for Students
The Discover it for Students credit card is generally the best option for new credit card users. It offers a zero percent introductory APR for the first six months and 10.99 percent on all balance transfers for that same amount of time. After that time frame, you can expect a re
gular APR ranging between 13.49 and 22.49 percent. You can get access to your free FICO score while your gradually build your credit, meaning you can check whether you are using the card responsibly. Earn five percent cash back in categories such as restaurants, Amazon, wholesale clubs and gas stations each quarter and one percent cash back on all your other purchases. There is even a perk that allows you to get $20 cash back each year when you maintain a GPA or 3.0 or better for up to five years. There are no annual fees and your APR doesn’t increase even if you pay your bill late.
Journey Student Rewards from Capital One
The Journey Student Rewards from Capital One credit card is undoubtedly the best card for students who are responsible with their credit card usage. With it, you can earn one percent cash back on all purchases. There are no annual fees and you can earn a higher credit line after making your first five monthly payments on time. The great thing about this card is that you can even qualify for it with average credit. Your APR is 20.49 percent, although there are no introductory promotions where the amount starts at zero.
US Bank Secured Visa Card
The US Bank Secured Visa Card is the best secured credit card for students. This is one of the cards for which you can qualify if you have poor or even limited credit. There is an annual fee of $29 and a regular APR of 19.24 percent. For cash advances, the APR is even higher at 24.24 percent. With this card, however, because it is secure, you get to choose your credit line with a deposit of your own money. The accepted amount is anywhere from as low as $300 to a maximum of $5,000. With responsible usage of this card, you can eventually move on to a secured credit card.
These are some of the best credit cards available for students in 2017. Researching a few options is the best way to find the one that’s best for you.