Student Credit Cards are designed for students who have limited or even no credit history. These cards offer great rewards, 0% APR introductory rates, and don’t charge annual fees. And they are a great way to build credit. A good credit rating can be instrumental in helping you achieve your financial goals One way to start down a path of good credit is to use a student credit card while you are still in school and simultaneously build positive credit for yourself.
The better student cards offer perks specifically designed for college students. For example, some cards will reduce your interest rate if you achieve good credits. Other cards lower your rate when you pay your bill on time and stay under the credit limit. And almost all of the top student cards offer rewards specifically geared toward young adults.
To get you started we have picked out the Best Student Credit Cards of 2011.
EDITOR’S CHOICE – Citi® Dividend Platinum Select® Card for College Students
The Citi® Dividend Platinum Select® Card for College Students is our number one pick for a student credit card because it offers 0% on purchases and offers a reward program any student can appreciate. The card gives 0% for 7 months on purchases*. After the introductory period, the rate you receive will be 13.99-21.99% (Variable)*, based on your creditworthiness. When it comes to rewards you will earn at least 2% cash back in popular rotating categories like restaurants, apparel, hotel and more and 1% on all other purchases. However, for the first 6 months you will earn 5% cash back on purchases at supermarkets, drugstores, gas stations, and convenience stores & utilities (including cable) purchases. The card has no annual fee.
See our Citi® Dividend Platinum Select® Card for College Students review for more details.
Discover® Student Card – $25 Bonus
The Discover® Student Card is another personal favorite and this version of the card comes with a nice $25 bonus after you make a purchases within 3 months. The Discover® Student Card offers 0% for the first 6 months on purchases* on purchases. After that, the APR will be 12.99-18.99% (Variable)*, based on your creditworthiness. You can earn 5% Cashback bonus on shopping categories as well as 5% Cashback bonus on seasonal spending categories that change each yearly quarter. You must enroll to be eligible for the 5%. You can earn up to 1% Cashback bonus on all other purchases.
See our Discover® Student Card review for more details.
Discover® Student Card
This version of the Discover® Student Card is very similar to the offer we just covered except it doesn’t give a cash back bonus. However, this card gives 0% for a full 9 months on purchases* on purchases – the other version just gives 6 months. The bonus might be tempting, but a full 9 months on purchases* of no interest could be worth much more the bonus! This card also offers the 5% Cashback bonus on shopping categories as well as 5% Cashback bonus on seasonal spending categories that change each yearly quarter and up to 1% Cashback bonus on all other purchases.
See our Discover® Student Card review for more details.
Citi Forward® Card for College Students
The Citi Forward® Card for College Students is another Citi card that provides a solid offer for any college student. To start you get 0% for the first 7 months on purchases*. After the introductory period, the APR you receive will be between 13.99-22.99% (Variable)*, based on your creditworthiness. Cardmembers will earn 5 Reward Points for every $1 spent on books, movies, music and at restaurants and 1 point on other purchases. You will also have the opportunity to receive bonus points. You will receive up to 1,200 Rewards Points a year for paying on time and staying within your line and 2,500 Bonus Points when you sign up for paperless statements.
See our Citi Forward® Card for College Students review for more details.
Discover® Open RoadSM Card for Students
The Discover® Open RoadSM Card for Students Card for Students is yet another rewards card that is great for students, especially those who enjoy eating out. The Discover® Open RoadSM Card for Students gives Double Cashback Bonus automatically on your first $250 in purchases at any gas station and any restaurant each month, plus up to 1% on all your other purchases and 5% to 20% Cashback Bonus at over 150 top retailers through the online shopping mall. This card also gives a nice introductory rate of 0% for 9 months on purchases*. After the introductory period, the APR you receive will be between 12.99-18.99% (Variable)*, based on your creditworthiness.
See our Discover® Open RoadSM Card for Students review for more details.
JourneySM Student Rewards from Capital One®
The JourneySM Student Rewards from Capital One® is the only student credit card offered by Capital One® so they have packed it all into this one card. This is a straight up rewards card and to start you will earn 1% cash back on all purchases. Plus, you will get a 25% bonus on your cash back each month when you pay your bill on time. Cardmembers also get up to 15% more cash back when you shop the Perk CentralSM retail network and you can earn unlimited cash rewards that don’t expire. You can get your cash back anytime as an account credit or check, even set up automatic redemption and there is no annual fee with this card.
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