yes(is credit card good for students in 2023?), a student credit card helps you build a better credit score before you graduate. this way, you can avail of credit at competitive terms in the future, provided you manage your credit cards well. these types of credit cards offer cashback and rebates to help you save a lot of money.
best credit card for students
.Discover it® Student Cash Back
.Discover it® Student chrome
.Capital One SavorOne Student Cash Rewards Credit Card
.Chase Freedom® Student credit card
.Capital One Quicksilver Student Cash Rewards Credit Card
.Discover it® Student Cash Back
The Discover it® Student Cash Back offers very good rewards in quarterly bonus categories.
Welcome Bonus- Cashback Match™
Annual Fee- $0
Regular APR- 17.74% – 26.74% Variable APR
Credit Score – Fair/New to Credit
Pros
- First-year rewards doubled
- No annual fee
- No foreign transaction fee
- Intro APR on purchases
Cons
- High regular APR
- No initial bonus
Card Details
- INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
- Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
- No credit score is required to apply.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate it with the mobile app.
- No annual fee and build your credit with responsible use.
- 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 17.74% – 26.74% applies.
- Click through to Discover’s website to see terms and conditions.
.Discover it® Student chrome
Discover it® Student Chrome is a good student credit card for bonus rewards because it gives 2% cash back at gas stations and restaurants and 1% back on all other purchases.
- No membership fees are compulsory
- Intro APR on purchases
- High reward rates
- Bonus categories
Cons
- Spending caps on rewards
- No initial rewards bonus
- Balance transfer fee
Card details
INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
No credit score is required to apply.
Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate it with the mobile app.
No annual fee and build your credit with responsible use.
0% intro APR on purchases for 6 months, then the standard variable purchase APR of 17.74% – 26.74% applies.
Click through to Discover’s website to see terms and conditions.
.Capital One SavorOne Student Cash Rewards Credit Card
Capital One SavorOne Student Cash Rewards Credit Card is the best student credit card because it has a $0 annual fee, offers an initial bonus of $50 for spending $100 in the first 3 months, and gives ongoing rewards of 1 – 5% cash back on all purchases.
Welcome Bonus- $50
Annual Fee- $0
Regular APR- 19.74% – 29.74% (Variable)
Credit Score – Average, Fair, Limited
Pros
- No membership fees are compulsory
- High rewards rates
- $50 instant rewards bonus
- No foreign fees
Cons
- Potential for a high-interest rates
Card details
Earn unlimited 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®), with 1% on all other purchases
Early Spend Bonus: Earn $50 when you spend $100 in the first three months
Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
Enjoy peace of mind with $0 Fraud Liability so that you won’t be responsible for unauthorized charges
Enjoy no annual fees, foreign transaction fees, or hidden fees
Lock your card in the Capital One Mobile app if it’s misplaced, lost, or stolen
Earn up to $500 a year by referring friends and family when they’re approved for a Capital One credit card
Earn 8% cash back on entertainment purchases when you book through the Capital One Entertainment portal
Build your credit with responsible card use
Whether you’re at a 4-year university, community college, or other higher education institution, this card might be an option for you
.Chase Freedom® Student credit card
The Chase Freedom Student card is a little bit more preventive and less rewarding than others on this list, but it still offers a welcome bonus, It has no annual fee. This card offers: Earn 5,000 points (worth $50 cash back) if you make at least one eligible purchase in the first 3 months after opening your account.
.$0 annual fee
.$50 initial bonus
.$20 good-standing bonus for up to five years
.1% cash back on all purchases
Cons
.19.49% (V) APR
Card details
$50 Bonus after the first purchase made within the first 3 months from account opening
Earn 1% cash back on all purchases
No annual Fee
$20 Good Standing Rewards after each account anniversary for up to 5 years
Earn a credit limit increase after making 5 monthly payments on time within 10 months from account opening when meeting credit criteria
No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open
Free credit score with Chase Credit Journey
.Capital One Quicksilver Student Cash Rewards Credit Card
The Capital One Quicksilver Student Cash Rewards Credit Card is the best student credit card for straightforward cash rewards. You can get an instant bonus of $50 for spending $100 in the first 3 months, there is no annual fee.
Welcome Bonus- $50
Annual Fee- $0
Regular APR- 19.74% – 29.74% (Variable)
Credit Score – Average, Fair, Limited
Pros
- No foreign transaction fees
- No annual fee
- Excellent extra benefits
- Solid cash-back rewards for a student credit card
Cons
- Potential for a high-interest rate
- Earn unlimited 1.5% cash back on every purchase, every day
- Early Spend Bonus: Earn $50 when you spend $100 in the first three months
- Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
- Enjoy peace of mind with $0 Fraud Liability so that you won’t be responsible for unauthorized charges
- Enjoy no annual fees, foreign transaction fees, or hidden fees
- Lock your card in the Capital One Mobile app if it’s misplaced, lost, or stolen
- Earn up to $500 a year by referring friends and family when they’re approved for a Capital One credit card
- Build your credit with responsible card use
- Whether you’re at a 4-year university, community college, or other higher education institution, this card might be an option for you.
What is the better credit card or debit card for students?
I suggest you, depending on their individual needs and financial situation.
Should I get a student credit card or a regular credit card?
A student credit card can help you build a good credit history if you pay your bills on time. Student credit cards tend to carry higher interest rates than regular credit cards and may have lower credit limits.
this is very helpful information