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This offer is no longer available on our site: Journey® Student Rewards from Capital One®
Hear from our editors: The best credit cards for students in September 2020
Updated August 17, 2020
This date indicates our editors’ last comprehensive review and may not reflect recent changes in individual terms.
Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our marketing partners don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when posted. Availability of products, features and discounts may vary by state or territory. Read our Editorial Guidelines to learn more about our team.
Written by: Erica Gellerman
College students may want to start their credit journeys with a new card. But qualifying for a traditional credit card can be challenging when you have limited income and a thin credit history.
That’s where student credit cards come in. Many of these cards are designed and marketed specifically for college students, and they may often include features tailored to their needs.
Take a look at our picks for best student credit cards, all of which come with no annual fee.
- Best for students with no credit history: Deserve® EDU Mastercard
- Best for studying abroad: Bank of America® Travel Rewards credit card for students
- Best for good grades: Discover it® Student chrome
- Best for cash back bonus categories: Discover it® Student Cash Back
- Best for building good credit habits: Journey® Student Credit Card from Capital One®
Here’s why: The Deserve® EDU Mastercard considers applicants with no credit history and could give those students a chance to build their credit profile.
A good option for those without credit, the Deserve® EDU Mastercard doesn’t require a co-signer or security deposit when you apply. International students can also apply because you don’t need a Social Security number to qualify for the credit card. But those applicants will be required to provide other materials, like identification and proof of a bank account balance.
The Deserve® EDU Mastercard offers several perks and rewards, including a one-year membership to Amazon Prime Student (a lifetime value of $59) when you spend $500 in the first three billing cycles and 1% cash back on all purchases as statement credits in $25 increments.
Read our full review on the Deserve® EDU Mastercard for more info.
Here’s why: The Bank of America® Travel Rewards credit card for students comes with a solid sign-up bonus to put toward your travel expenses.
Cardholders who spend $1,000 on purchases within the first 90 days after account opening can earn 25,000 bonus points, which is good enough for a $250 statement credit to put toward travel purchases. On top of that, you’ll earn an unlimited 1.5 points for every $1 you spend on purchases.
Plus, if you’re studying abroad, you can do so without worrying about foreign transaction fees — this card doesn’t charge them.
Check out our review of the Bank of America® Travel Rewards credit card for students to learn more.
Here’s why: Discover’s credit cards for students will reward you for getting good grades.
Both of the student cards offered by Discover — the Discover it® Student Cash Back and the Discover it® Student chrome — offer a reward for good grades each school year (so September through August). Each year you maintain a GPA of 3.0 or higher, you can apply at discover.com for a $20 statement credit, for up to five years. But this perk has specific requirements, so make sure to check the terms and conditions on the credit card issuer’s site.
The Discover it® Student chrome also offers cash back rewards for purchases you might already be making. You’ll earn 2% cash back on your first $1,000 in combined gas and restaurant purchases each calendar quarter (1% after that cap), and 1% cash back on all other purchases.
Read our full review of the Discover it® Student chrome for a closer look.
Here’s why: The Discover it® Student Cash Back card offers a high cash back rewards rate on rotating categories that may be popular with students.
You’ll earn 5% cash back on up to $1,500 in purchases in categories that rotate quarterly when you activate (and 1% after that cap). In the past, these categories have included common expenses at places like gas stations, grocery stores, restaurants and Amazon.com.
You’ll need to remember to activate your bonus rewards each quarter to receive your 5% cash back rate on qualifying purchases. All other purchases get you 1% cash back.
Students who are starting their credit journey should remember that earning cash back isn’t a reason to spend more than you can comfortably afford to repay. Building good credit and avoiding big interest payments will ultimately benefit you more than what you’ll earn in rewards.
Take a look at our rundown of Discover’s rotating categories to learn more about this card.
Here’s why: One of the best ways to build credit is by making on-time payments, and this card rewards you for that behavior with a cash back boost.
The Journey® Student Credit Card from Capital One® earns a base rate of 1% cash back on all eligible purchases, but you’ll get an additional 0.25% cash back each month that you pay your bill on time. In other words, you’ll have an incentive to maintain good credit-building habits.
You could also get access to a higher credit line after making your first five monthly payments on time, which could help improve your credit utilization rate — so long as your spending habits remain the same should your credit line increase.
Just keep in mind that not paying on time could hurt you, because the card does have a late fee of up to $39. And if you carry a balance, you’ll be hit with the card’s high variable purchase APR of 26.99%, which is steep for a student credit card. It’s a good idea to pay on time with any card in order to build credit and avoid costly fees, but this card’s terms make that importance even more glaring.
Our full review of the Journey® Student Credit Card from Capital One® has more details.
How to make the most of these student credit cards
While focusing on rewards and perks can make picking your first credit card exciting, the biggest benefit to opening a student credit card is getting the opportunity to build your credit. By starting to build credit before graduation, you can put yourself in a position to take advantage after school.
Here are some tips to help you make the most of one of these cards.
- Spend only what you can afford to repay. To start creating the best credit card habits, plan on paying off your balance on time and in full each month. Interest rates on student credit cards can be high, and carrying a balance from month to month could end up costing you much more than what you earn in rewards.
- Make on-time payments. Late payments can hurt your credit scores. Create reminders for your due date or set up automatic payments.
- Stay on top of your credit. Building and maintaining good credit can take time. So it’s a good idea to build good habits early, like keeping your credit utilization low and checking your scores and reports regularly. You might even find some errors, which you can dispute with the bureaus.
How we picked these cards
We narrowed our search for the best student cards that are geared toward students. While students aren’t limited to applying for these types of credit cards, their issuers often consider students with limited or no credit history, and tend to offer better features than alternatives, like secured credit cards. We also picked cards with no annual fee, because students are often on tight budgets.
When choosing our categories, we considered factors that would be most important to students: building good credit habits and avoiding extra fees if studying abroad.