Best student credit cards of September 2021

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Banks want long-term customers, but they don’t want to lend money to those who can’t pay it back. College students are at a crossroads. Due to this difficult situation, credit, one of the most essential elements for the future, can be difficult to find.

Credit cards cannot be provided to anyone under the age of 21, unless a parent or guardian co-signs for them or they have independent income, in accordance with the credit card law of 2009.

Student credit cards, with lower credit limits and benefits designed for students, can serve as a gateway to more attractive credit offers in the future.

How do we select the best student credit cards?

Welcome bonuses, fees, prizes and other perks were used to select the best student cards. We also paid special attention to APRs and other things that negatively impact students (who are more likely to have little knowledge and experience with credit cards) when they make mistakes. when learning about credit and credit cards.

However, what is ideal for the majority of students may not be the best option for you. Before you figure out which cards will best help you reach your financial goals, do your homework.

Let’s take a look below at some of the best student credits for September 2021.

Best student credit cards of September 2021

1. Discover it® Cash Back for Students

Annual subscription : $ 0

Reward rate: 1% -5% Cashback

Introductory offer: Cashback Match ™

Recommended credit score: 630-689 (Medium)

Discover offers an unlimited cashback match. At the end of your first year, Discover will automatically match your entire cashback! As a result, you can turn $ 50 into $ 100. Alternatively, you can turn $ 100 into $ 200. There is no restriction on how much you can spend or how much you can earn. There was only a dollar-for-dollar match.

Each quarter, earn 5% Cash Back at a variety of locations including Amazon.com, grocery stores, restaurants, gas stations, and when paying with PayPal, up to the quarterly maximum upon activation. Plus, automatically earn 1% unlimited cash back on all other purchases.

2. Chase Freedom® Student Credit Card

Annual subscription : $ 0

Reward rate: 1% Cashback

Introductory offer: $ 50

Recommended credit score: 690-850 (Good – Excellent)

After your first purchase within the first three months of activating your account, you will receive a $ 50 bonus.
On all purchases you will get 1% cash back. There is no annual fee for this card. For up to 5 years, you can earn $ 20 in rewards in good standing after each account anniversary. With Chase Credit Journey, you can get a free credit score.

After you make 5 monthly payments on time, your credit limit will be increased. When credit standards are met, the account will be open for 10 months. There is no minimum amount to exchange for cashback. As long as your account is open, your Cash Back benefits do not expire.

3. Discover it® Student chrome

Annual subscription : $ 0

Reward rate: 1% -2% cash back

Introductory offer: Cashback Match ™

Recommended credit score: 630-689 (Medium)

Discover is the only place where you can get unlimited cashback. At the end of your first year, Discover will automatically match your entire cashback! As a result, you can turn $ 50 into $ 100.

Alternatively, you can turn $ 100 into $ 200. There is no restriction on how much you can spend or how much you can earn. There was only a dollar-for-dollar match.

Earn 2% Cash Back on up to $ 1,000 in combined purchases at gas stations and restaurants each quarter. Plus, automatically earn 1% unlimited cash back on all other purchases.

4. Bank of America® Travel Rewards for Students

Annual subscription : $ 0

% Regular APR: 13.99% – 23.99%

Recommended credit score: 670-850 (Good – Excellent)

Due to the high earning rate of its rewards program, which you can then redeem for flights, hotels, vacation packages, cruises, rental cars or baggage fees, Bank of America Travel Rewards for Students is our choice for the best overall student card and the best student travel card.

It also offers a low annual fee and an extensive introductory APR on purchases, which contributes to the card’s high rating. Plus, the absence of overseas transaction fees makes this card excellent for student travel outside of the United States.

Earn decent travel rewards (1.5 points per dollar spent) with no levels to manage. Purchases can be repaid over a 12-month interest-free period. Travel abroad is welcome.

Frequently Asked Questions About Student Credit Cards

Is having a student credit card a good idea?

If not used properly, a credit card, like any other instrument, can become problematic. For the majority of students, the advantages of using a credit card outweigh the disadvantages. Building a positive credit history in college can give a student a head start when it comes to qualifying for different types of credit after graduation.

Auto loans and mortgages are obvious future credit demands, but homeowners and potential employers often review credit records and scores. A bad credit card experience for a student could be costly both financially and in terms of the student’s credit history.

Can I have multiple student credit cards?

It is possible, but not recommended, to obtain many student credit cards. With little credit card processing expertise, opening multiple student credit card accounts is a recipe for racking up more credit card debt than prudence and mismanagement of multiple accounts.

The goal of a student credit card is to establish a credit history rather than having access to large amounts of credit. Almost everyone’s needs can be met by most good cards in this category.

As a result, it’s fine if you can only find one card that does.

What are the conditions for obtaining a student credit card?

For many years, card issuers have aggressively advertised student credit cards on college campuses and through direct mail featuring pre-approved cards.

However, growing public outrage over what many saw as irresponsible marketing and lending practices that resulted in excessive student card debt resulted in the passage of the Credit Card Act of 2009, which imposed tough new regulations.

Applicants must now be at least 21 years of age or provide proof of sufficient independent income to cover account expenses. If you’re under 21 and don’t have enough money, you’ll need a co-signer over 21 (usually a parent or guardian).

Can I pay off student loans with a credit card?

Credit cards are generally not accepted by loan processors for monthly payments. Technically, however, you may be able to use your credit card’s cash credit limit to make a student loan repayment by withdrawing money from an ATM using your card or requesting a check. troubleshooting to your transmitter.

However, this type of transaction would be considered a cash advance and would be extremely risky as the interest rates for cash advances are extremely high.

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