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| Credit Card Offers » Apply for a Credit Card » Cards by Category » Student Credit Cards |
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Student Credit Card Offers |
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| Student credit cards are a great way for young people just making a start in life to build excellent credit for their futures. Not only is it frequently easier for you to get approved for student credit cards while you're still in school than it is to get approved for a regular credit card later in life, but having student credit cards can teach young people important life skills. Having student credit cards teaches them to budget their money, manage their bills, and gives them access to the funds they might need in an emergency. |
- Access emergency cash when needed
- Students learn responsible spending habits
- Build credit for their future needs
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| Top Student Credit Card Ratings |
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| Most Attractive: |
Common platinum benefits. |
| Special Offer: |
A 0% intro rate is available on purchases until December 2008 |
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(MasterCard)
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- 0% APR on purchases until December 2008. After that, variable APR, currently 19.55%
- No annual fee or balance transfer fees
- A manageable credit line to help control your finances
- $0 fraud liability if your card gets lost or stolen
- Online account services
- Benefit Rating:
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0% Intro APR on Purchases for until December 2008
19.55% Regular Variable APR for Purchases
22.65% Regular Variable APR for Cash Advances |
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Bonus on First Purchase: n/a
25 days Grace Period |
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(* A 0% introductory rate is available on purchases until December 2008) |
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| Important Notes: |
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See website for complete terms and conditions of card usage and application disclosure.
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| Most Attractive: |
0% introductory rate for all transactions; student-related discounts; no annual fee; additional points earned for maintaining good grades and paying in a timely manner. |
| Special Offer: |
0% for 6 months and is applied to Purchases, Balance Transfers, Cash Advances. |
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(Visa)
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- 0% APR for 6 months on purchases, cash advances and balance transfers
- No Annual Fee
- Earn 5 ThankYou Points® for every dollar you spend at restaurants, bookstores, record stores, movie theaters and video rentals stores.
- Earn 1 ThankYou Point for every dollar you spend on all other purchases.
- Earn 25 ThankYou Points for paying on time.
- Earn 250-2000 ThankYou Points twice a year for maintaining a good GPA.
- Redeem points for gift cards, MTV events, and airline tickets.
- Benefit Rating:
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0% Intro APR on Purchases, Balance Transfers for 6 months
13.99% Regular Variable APR for Purchases
19.99% Regular Variable APR for Cash Advances |
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Points per Dollar: 1.00 Point
Bonus on First Purchase: n/a
20 days Grace Period |
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(* 0% APR for 6 months on purchases, cash advances and balance transfers) |
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No minimum income or co-signer required to activate an account.
See website for complete terms and conditions of card usage and application disclosure. |
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| Most Attractive: |
Common platinum benefits; reward program. |
| Special Offer: |
0% APR on purchases until until December 2008 |
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(MasterCard)
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- If you have a limited credit history or past credit problems, this cash rewards card is for you
- 0% APR on purchases until December 2008. After that, variable APR, currently 16.65%
- 25% annual bonus on the cash you earn during the year
- 1% cash back on purchases you make from day one
- No limit on cash back and rewards won’t expire for the life of your account
- Benefit Rating:
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0% Intro APR on Purchases for until December 2008
16.65% Regular Variable APR for Purchases
22.65% Regular Variable APR for Cash Advances |
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Rebate Amount: Up to 25%
$29 Annual Fee
25 days Grace Period |
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(* A 0% intro rate is available on purchases until December 2008) |
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See website for complete terms and conditions of card usage and application disclosure.
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| Most Attractive: |
2% cash back reward program; no annual fee; 0% introductory rate for all transactions. |
| Special Offer: |
0% for 6 months and is applied to Purchases, Balance Transfers, Cash Advances |
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(Visa)
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- 0% APR for 6 months on purchases, cash advances and balance transfers as long as you do not default under any Card Agreement
- No Annual Fee
- Earn 1% cash back on all other purchases
- Earn 5% cash back on purchases at supermarkets, gas stations, convenience stores, and utilities including cable for 6 months and 2% thereafter
- No minimum income or cosigner required
- Build your credit history
- Benefit Rating:
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0% Intro APR on Purchases, Balance Transfers for 6 months
13.99% Regular Variable APR for Purchases
19.99% Regular Variable APR for Cash Advances |
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Rebate Amount: Up to 2%
Bonus on First Purchase: n/a
20 days Grace Period |
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(* 0% for 6 months and is applied to Purchases, Balance Transfers, Cash Advances) |
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No minimum income or cosigner required.
See website for complete terms and conditions of card usage and application disclosure. |
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| Most Attractive: |
0% introductory rate for all transactions; student-related discounts; no annual fee. |
| Special Offer: |
0% APR for 6 months on purchases, cash advances and balance transfers |
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(Visa)
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- 0% APR for 6 months on purchases, cash advances and balance transfers
- No annual fee
- $0 liability on unauthorized purchases
- FREE Online Account Management
- No minimum income or cosigner required
- Benefit Rating:
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0% Intro APR on Purchases, Balance Transfers for 6 months
10.99% Regular Variable APR for Purchases
19.99% Regular Variable APR for Cash Advances |
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Bonus on First Purchase: n/a
20 days Grace Period |
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(* 0% APR for 6 months on purchases, cash advances and balance transfers) |
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| Important Notes: |
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No minimum income or cosigner required.
See website for complete terms and conditions of card usage and application disclosure. |
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Many people think that student credit cards are a bad idea. They think that students are too young to accept the responsibility of having their own credit card, and that it will be easier for them to build credit later in life, by some means other than student credit cards. These people couldn't be more wrong. There is no better time to start learning responsible spending habits and start building good credit for your future than during while they're still at an institution of learning, and there is no better way to do it than through student credit cards.
Student credit cards force students to face the facts. If someone else is managing their money for them, or if they're paying for day-to-day expenses with cash, it's easy to lose track of exactly where their money is going. With student credit cards, on the other hand, students will be presented with a detailed accounting of how they are spending their money every time they get their bill. Students who use student credit cards will know exactly where they are spending their money.
They will have to take a long, hard look at their spending habits, and think about how they can be improved. Once students know how they're spending their money, the will be in a position to make constructive changes and develop budgeting techniques. Student credit cards make it easier to spot problematic spending areas, reevaluate budgets, and keep budgets on track.
Student credit cards can also teach students to manage a monthly schedule of payments, to prepare them for life after college. Many students live in housing complexes that allow them to pay for all of their living expenses in one lump sum. While this is convenient, it teaches them nothing about how living expenses are managed in the real world. Having student credit cards gives them the chance to learn how to keep on top of monthly payments, and schedule them into their routines.
You might think that student credit card bills are hardly the way to learn this lesson-after all, if students forget to pay their bill, it can damage their credit. Luckily, student credit cards are designed with exactly this sort of thing in mind. Many student credit cards have programs that will automatically send students an email, reminding them when their credit card payments are due. That way, student credit cards allow students to learn to manage payments while providing them with a safety net at the same time.
Student credit cards offer students a unique opportunity to start building their credit early. Because credit card companies usually assume that a student has someone helping them out financially, they are willing to offer students credit that can be hard to come by after they graduate. This makes student credit cards a great opportunity, but a short one, so it's important that students take advantage of it while they can.
By using student credit cards responsibly, students can start establishing a good credit history so that when they begin applying for small business loans, or mortgages for a house, they will have the credit score that can get them the funds they need. And by building a good credit score with their student credit cards, they will be making themselves eligible for better credit cards with better rates and features down the road. Using student credit cards can help students build the credit that they will need for a more financially stable, independent future.
Finally, student credit cards give young people access to emergency money in a pinch. You can't always be there with them, but if they have student credit cards, you know they'll never be stuck out in the cold. |
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