In the videos about the college students and credit cards on Youtube, no one mentions the number of the maximum credit cards that the students can get. One of the videos that does not mention it can be found by clicking on this link here.
According to some sources, the number of the card is not a problem. The issue here is the cap amount of credit you can have. In this case, it is really important to make sure to have your own limits so that you can stay on the straight. In order to avoid some issues, the safe option if you as a student ever want to get a credit card is one.
There are a lot of different credit cards for the students recommended by the professionals. Here is the list of some best ones:
- Discover it Student Cash Back
Details:
- Welcome Bonus: Cashback Match
- Annual Fee: $0
- Regular APR: 12.99% – 21.99%
- Credit Score: Fair/New to Credit (No Credit History)
Pros:
- You can get 5% cashback on rotating bonus categories.
- You can get a First year cashback match.
- You can get $20 statement credit each school year every time your GPA reaches 3.0 or higher. It is up to five years.
Cons:
- There is a limit of $1,500 of the 5% bonus cashback per quarter in spending.
- It is a must for the bonus categories to be activated quarterly.
- The base reward rate is 1% and it is considered low.
- Bank of America Travel Rewards credit card for Students
Details:
- Welcome Bonus: 25,000 points
- Annual Fee: $0
- Regular APR: 13.99% – 23.99% Variable APR on purchases and balance transfers
- Credit Score: Good/Excellent (700 – 749)
Pros:
- There are flexible rewards redemption options.
- It gives unlimited 1.5 points per $1 on all spending.
- There is no foreign transaction fee.
- Earning a welcome bonus is easy.
Cons:
- The balance transfer fee is high.
- There are no bonus categories to boost rewards.
- There is no intro APR offer on balance transfer.
- The penalty APR and late fee is high.
- Discover it Student chrome
Details:
- Welcome Bonus: Cashback Match
- Annual Fee: $0
- Regular APR: 12.99% – 21.99% Variable
- Credit Score: Fair/New to Credit (No Credit History)
Pros:
- There is no annual fee.
- You can earn rewards while building credit.
- The cash back that you earned is automatically matched at the end of the first year as a cardholder.
- There is an introductory APR offer.
Cons:
- There is a limit of the reward earned in the highest category to $1,000 in purchases per quarter.
- The rewards that are given are less compared to the other cards for the students.
- Capital One SavorOne Student Cash Rewards Credit Card
Details:
- Welcome Bonus: N/A
- Annual Fee: $0
- Regular APR: 26.99% (Variable)
- Credit Score: Average, Fair, Limited (No Credit History)
Pros:
- There is no annual fee.
- There are no foreign transaction fees.
- There are excellent cash back rewards.
Cons:
- The APR is high.
- There is no low introductory APR.
- The bonus cash back reward categories are limited.
- Chase Freedom Student credit card
Details:
- Welcome Bonus: $50 bonus
- Annual Fee: $0
- Regular APR: 14.99% Variable
- Credit Score: Excellent/Good Credit (700 – 749)
Pros:
- There is no annual fee.
- You can earn a $50 welcome bonus after the first purchase that is made within the first 3 months.
- You can get 1% cash back on all purchases.
- It is a free credit score.
- After making five on time payments for eligible cardholders, the credit limit rises up.
- You will be able to get an account anniversary reward of $20 each year for five years for accounts in good standing.
Cons:
- There are no bonus categories on spending.
- There is no 0% APR promotion for purchases or balance transfers.
- Bank of America Unlimited Cash Rewards for Students
Details:
- Welcome Bonus: $200
- Annual Fee: $0
- Regular APR: 13.99% – 23.99%
- Credit Score: Good/Excellent (700 – 749)
Pros:
- There is no annual fee.
- There is a welcome bonus.
- There is an introductory APR on purchases and balance transftersSolid rewards earning.
Cons:
- There are no major benefits.
- Capital One Quicksilver Student Cash Rewards Credit Card
Details:
- Welcome Bonus: N/A
- Annual Fee: $0
- Regular APR: 26.99% (Variable)
- Credit Score: Average, Fair, Limited (No Credit History)
Pros:
- There are no foreign transaction fees.
- There is no annual fee.
- There are some excellent extra benefits.
- There are solid cash back rewards for a student credit card.
Cons:
- The APR is high.
- Bank of America Customized Cash Rewards Credit Card for Students
Details:
- Welcome Bonus: Online $200 cash rewards
- Annual Fee: $0
- Regular APR: 13.99% – 23.99% Variable APR on purchases and balance transfers
- Credit Score: Fair (650 – 699)
Pros:
- Earning a welcome bonus can be done easily.
- It offers 0% Intro APR with a generous term.
- There is a FICO score for free.
- The cashback reward rates are competitive.
Cons:
- There is a high penalty APR and late fee.
- Depending on the credit, it is a high to very high standard APR.
- There is a 3% foreign transaction fee.
- Deserve EDU Mastercard for Students
Details:
- Welcome Bonus: N/A
- Annual Fee: 0%
- Regular APR: 18.74%
- Credit Score: Limited/No Credit (No Credit History)
Pros:
- There is no annual fee.
- There are no foreign transaction fees.
- It offers useful advantages such as cell phone protection.
- It does not need a Social Security Number of SSN to apply. On top of that, it also allows the international students to qualify.
Cons:
- Variable APR is high.
- The cash back rewards are very low, they do not even exceed 1%.
Feel free to choose the credit card that you want. For more information about each of them, you are suggested to go to their official website. If you have any questions, you can reach out to the customer service of each of them. The contact is usually featured on the official website of each credit card mentioned above.
