The Ultimate Guide to Credit Cards
Thursday, March 28, 2024

7 Best Credit Cards for Students (Feb. 2024)

The Best Credit Cards For Students
CardRates.com Staff

Written by: CardRates.com Staff

CardRates.com Staff
CardRates.com Staff

This article was contributed by one or more members of the CardRates.com editorial staff. Our team has more than 50 collective years of experience working with writers, editors, and experts in the finance sector. We follow rigorous editorial standards to ensure accuracy and unbiased information.

Edited by: Lillian Guevara-Castro

Lillian Guevara-Castro
Lillian Guevara-Castro

Lillian Guevara-Castro brings more than 30 years of editing and journalism experience to the CardRates team. She has written and edited for major news organizations, including The Atlanta Journal-Constitution and the New York Times, and she previously served as an adjunct journalism instructor at the University of Florida. Today, Lillian edits all CardRates content for clarity, accuracy, and reader engagement.

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Advertiser Disclosure

The best credit cards for students are only a few clicks away for certain secondary education pupils out there. Student credit cards are a great way to begin building credit history and start off on the right financial path. Wise credit use can establish a good credit score early that will help you get a job, rent an apartment, and get good rates on insurance.

But with so many to choose from, how do you begin your search for the best student credit card?

Here are some tips to make your search a little easier, along with some recommendations on credit card plans designed specifically with students in mind.

How to Qualify

A few years ago, it was common for students graduating from high school to receive dozens of credit card offers in the mail.

That all changed when the Credit Card Accountability Responsibility and Disclosure Act passed by Congress in 2009. This law says anyone applying for a credit card must demonstrate they have the means to pay back any debts they incur — this means showing you have a job and that your expenses don’t exceed your income.

Some cards allow for a co-signer who will help a student to qualify. However, if you have the means, try to get one in your name alone.

Plenty of lenders actually offer credit cards for people with no credit history or a limited history — perfect for students just starting out on their own.

Look For a Low Interest Rate

The interest rate for a first-time cardholder can be pretty hefty. Some cards charge as much as 25% for students. Fortunately, there are other cards with much lower APRs.  This may not mean a lot to someone who is just learning about interest charges, so let’s use a real money example.

Let’s say you charge $250 on your card and take six months to pay it back. On a card with a 12% interest rate, you’ll pay around $9 extra over that period, but a card with a 25% rate will cost you more than $22 in interest.

Keep in mind it can add up to even more if you delay paying it back for longer.

Be sure to check out our extensive collection of low APR credit cards to find the best rates currently available.

Avoid the Annual Fee

There are so many cards out there for students that you shouldn’t even consider one that comes with an annual fee. Many card issuers hope first-time credit cardholders will assume annual fees are a standard part of the process — this is not so.

There are far more cards out there with no annual fee than there are cards that charge one, so don’t fall for it. If you’re coming across student credit cards that require annual fees, just keep looking. It shouldn’t be too hard to find a card without this fee.

Top Student Credit Card Recommendations:

Below are some of our expert’s favorite cards for students, all with no annual fee and nice rewards programs.

Discover now offers free FICO credit scores to its members, which is a nice way for students to track their credit. The issuer is also forgiving on late payments — another attractive feature for young adults new to managing their finances. This card has particularly generous cash back rewards, especially in quarterly rotating categories.

Discover it® Student Cash Back Review

at Discover Card'ssecure website

STUDENT RATING

★★★★★
4.8

OVERALL RATING

  • INTRO OFFER: Unlimited Cashback Match for all new cardmembers – 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 cash back 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 you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.
  • Redeem your rewards for cash at any time.
  • No credit score 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 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 18.24% - 27.24% applies.
  • Terms and conditions apply.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 6 months
10.99% Intro APR for 6 months
18.24% - 27.24% Variable APR
$0
Fair/New to Credit

Another Discover card, the issuer’s student cards offer valuable perks for those enrolled in school, including free FICO scores, no penalty for paying late, and cash back rewards. This card is a winning offer for anyone who qualifies.

Discover it® Student Chrome Review

at Discover Card'ssecure website

STUDENT RATING

★★★★★
4.7

OVERALL RATING

  • INTRO OFFER: Unlimited Cashback Match for all new cardmembers – 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 cash back 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, automatically. Plus earn unlimited 1% cash back on all other purchases.
  • Redeem your rewards for cash at any time.
  • No credit score 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 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 18.24% - 27.24% applies.
  • Terms and conditions apply.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 6 months
10.99% Intro APR for 6 months
18.24% - 27.24% Variable APR
$0
Fair/New to Credit

The following card offers cash back rewards with no limit to the amount of cash back you can earn, and your rewards never expire.

Photo source: swaphr.com

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CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation for referrals for many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across CardRates.com (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.