As a student with no credit history, you may be interested in obtaining a student credit card that is specifically designed for individuals in your situation. These cards are intended to help students establish credit and learn responsible financial habits. Here are some options for zero credit history student cards:
- Discover it Student Cash Back: This card offers cash back rewards on eligible purchases, provides free access to your FICO credit score, and has no annual fee. It also offers incentives for good grades and has a feature called “Discover Freeze It” that allows you to prevent new purchases on your card if it’s misplaced.
- Capital One Journey Student Rewards: This card is designed for students with limited or no credit history. It offers cash back rewards on all purchases, with an opportunity to earn higher rewards for on-time payments. It also provides access to a higher credit limit after making your first five monthly payments on time.
- Bank of America Cash Rewards Credit Card for Students: This card offers cash back rewards on various categories, such as dining, online shopping, and travel. It has no annual fee and provides access to your FICO credit score. Additionally, Bank of America may offer credit line increases if you manage your account responsibly.
- Citi Rewards+ Student Card: This card allows you to earn ThankYou Points on every purchase, rounded up to the nearest 10 points. It has no annual fee and provides a low introductory APR on purchases. It also offers benefits such as price protection and extended warranty coverage.
When applying for a student credit card, it is important to understand the terms and conditions, including the interest rates, fees, and any available rewards or benefits. Additionally, make sure to use the card responsibly by making timely payments and keeping your credit utilization low.
Remember that establishing a positive credit history takes time and responsible credit behavior. Using a student credit card wisely can help you build a good credit score, which will be beneficial for future financial endeavors such as renting an apartment or applying for loans.