Best Credit Cards for Students

Years ago, students, particularly those who have reached 18 years old, could easily get a credit card. Since the implementation of the CARD Act of 2009, though, it has become a lot harder for students under 21 years of age to get their own plastics for personal use. The Act aimed to protect students from debt while they are still in college.

Nowadays, a wide number of cards are available for students who are able to meet the requirements set forth by the CARD Act.  Given the huge number of cards today, it may be challenging to narrow down the list to get the best credit cards for students.  Nevertheless, here are the most valuable cards that you can start with as you shop around for your first plastic:

JourneySM Student Rewards from Capital One®

This is one unbeatable card equipped with tons of features for students. It is a cash back rewards card that will let you earn higher than the standard 1% for every dollar you spend. You need to pay your balances on time, though, to keep your rewards. Clearly, it teaches students how to build their credit history the right way. This is also ideal for students who are planning to study abroad since this does not have foreign transaction fees.

Citi® Dividend Platinum Select® Card for College Students

You can apply for this card even if you have no co-signer. However, you must meet the income requirements to qualify for the card. This is a well-known rewards card especially designed for students who are establishing their credit history. While you spend credits on purchases at drugstores, gas stations, supermarkets, and others, you earn 5% cash back during the first six months of card opening. There are rotating categories that you can sign up for to earn more bonus points. All other purchases you make that do not fit in the category will still be rewarded.

Discover® Student More Card

With this card, you are permitted to present a co-signer in case you are below 21 years of age and are not earning income to pay your bills. The interest rates are competitive, even for those who do not have credit history yet. The average credit limit is reasonable. The not too high limit keeps you away from being lured to spend more than you can afford. The rewards are great just like most student cards, but note that it is capped at $1,500 only.

Wells Fargo Cash BackSM College Visa® Card

If you have good credit and you wish to maintain it, this is a good card to consider. It is one of the few cards that have low interest rates for students. This is not recommended for those who are planning to go and study abroad, though, as it charges high foreign transaction fee. There is an introductory period where you get to purchase whatever you want without incurring interest. Note that you have to make at least the minimum payment to take advantage of the offer for six months.

The best credit cards for students not only come with great rewards. They should also have reasonable fees and educational tools to help the young ones manage their credit responsibly. When searching for your own card, carefully weigh the features of each and pick the one that can give you the most rewards.