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15 Best Student Credit Cards You Should Have (2022)

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15 Best Student Credit Card You Should Have (2022)

When it comes to managing your finances, you want to be as prepared as possible. A great way to do that is by having your own credit card. With a student credit card, you can take control of your finances and build good credit simultaneously.

What is a Student Credit Card?

Student credit cards are a type of credit card specially designed for college students and young adults. Student credit cards are typically issued by major credit card companies such as Visa and Mastercard. Student credit cards help students build good habits in managing their finances and credit history, which can be helpful later in life when they want to buy homes or cars.

Best Students Credit Cards

Several types of student-specific credit cards are available in the credit card business industry. The 15 best student credit cards you should have include:

1. Bank of America Travel Rewards for Students

Bank of America Travel Rewards for Students

The Bank of America Travel Rewards for Students has no annual fee and 1.5% cash back on all purchases. It’s 2% cash back on travel, 3% cash back on dining, and 5% cash back on cell phone purchases. You can also get 25% more points when you redeem for airfare through the Bank of America Travel Center. The card comes with a $25 annual fee credit to cover your Global Entry/TSA Precheck application fee every four years. This card is ideal if you’re looking for a student credit card that offers a solid sign-up bonus but doesn’t charge an annual fee; hence it is one of the best student credit cards you should have.

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2. Journey Student Rewards from Capital One

Journey Student Rewards from Capital One

The Journey Student Rewards from Capital One is a good option for students because it has no annual fee and offers 1% cash back on all purchases. While that’s not great compared with other cards, you can boost it up to 2% cash back at grocery stores and wholesale clubs. You’ll also get 1% cash back on all other purchases. Plus, the rewards don’t expire as long as your account remains open. And if you’re willing to pay an annual fee ($59), Capital One will give you 50% more miles making this card a decent choice for those looking for airline miles rewards credit card. The card is one of the best student credit cards you should have.

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3. Discover it Student Cash Back

Discover it Student Cash Back

The Discover It Student Cash Back is one of the most popular student credit cards with a 1% cash back on all purchases. It also offers a 5% cash back on up to $1,500 combined purchases in rotating categories each quarter. Besides that, you can earn 1% cash back on all other purchases and no annual fee with no foreign transaction fees or balance transfer fees. Discover It student cash back card is one of the best student credit cards you should apply for.

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4. Chase Freedom Student Credit Card

Chase Freedom Student Credit Card

The Chase Freedom Student Credit Card is a great credit card for students and one of the best student credit cards you should have. If you’re planning to make a large purchase in one of the bonus categories, the 5% cash back can be well worth it. The card has no annual fee and gives you 1% cash back on all purchases. Still, spend over $500 per quarter (or $1,500 total) on select categories such as gas stations or grocery stores. You’ll get an additional 5% cash back in those categories if they’re activated every 12 months (and every quarter after that). And there are no foreign transaction fees, so this card won’t cost more when used abroad.

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5. Capital One Quicksilver Rewards for Students Credit Card

Capital One Quicksilver Rewards for Students Credit Card

The Capital One Quicksilver Rewards for Students Credit Card earns you 1.5% cash back on all purchases, but if you make your first five monthly payments on time, that rate will increase to 1.8% if you want even more rewards. The card allows you to earn 2% cash back on dining and entertainment (and even more at select restaurants) and 5% cash back on select rotating categories like home improvement stores, grocery stores, and Amazon purchases. There are also no annual fees with this card, making it one of the best student credit cards you should have as a student.

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6. Bank of America Customized Cash Rewards Credit Card for Students

Bank of America Customized Cash Rewards Credit Card for Students

The Bank of America Customized Cash Rewards Credit Card for Students is no-frills, but it’s also a great option to consider. It has no annual or foreign transaction fees, which is why it’s on this list. The card offers cash back rewards that can be redeemed in various ways: statement credits, gift cards, and travel options are all available. You can also donate your rewards to charity if that’s what you prefer. This card is one of the best student credit cards you should have as a student.

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7. Deserve EDU Mastercard for Students

Deserve EDU Mastercard for Students

The first student credit card on our list is the Deserve EDU Mastercard for Students. The card comes with no annual fee, which is a huge plus. Moreover, you will earn 3% cash back on dining purchases, 2% cash back on groceries, and 1% cash back on all other purchases. You can redeem your rewards in $25 increments as statement credits or apply them toward an Amazon purchase of up to $25 (in which case you’ll receive an additional 20%). If that wasn’t enough, there’s also 5% cash back on online purchases at select merchants and no foreign transaction fees.

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8. Discover It Student Chrome Card

Discover It Student Chrome Card

The Discover It Student Chrome Card offers a unique rewards program that allows you to earn 5% cash back on up to $1,500 purchases made in rotating categories each quarter. For example, during the first quarter of 2022, spending at restaurants and grocery stores will earn 5% cash back rewards. During the second quarter of 2022, spending at gas stations and wholesale clubs will earn you 5% cash back rewards. In addition to this bonus category feature, there’s 1% unlimited cash back for all other purchases meaning you’ll always get at least 1% no matter what you buy. Most importantly, this card has no annual fees, making it one of the best student credit cards you should have as a student.

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9. Capital One SavorOne Rewards for Students Credit Card

Capital One SavorOne Rewards for Students Credit Card

If you’re looking for a no-annual-fee credit card that offers good rewards, this Capital One SavorOne Rewards for Students Credit Card is a good choice. It has no annual fee and offers 5% cash back on dining and entertainment, 2% cash back on groceries, and 1% cash back on all other purchases. The points don’t expire as long as you are a student; after graduation, they will expire six months after your final term ends unless you make another purchase within that period of time.

Points can be redeemed for statement credits or gift cards at 100 points with a $1 value in rewards. If you use your card regularly, the balance transfer offer means that any transfer fees will be waivable when using this card to pay off another balance-transfer card’s balance with another lender.

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10. Petal 2 Visa Credit Card

Petal 2 Visa Credit Card

The Petal 2 Visa Credit Card is an excellent student credit card for those who want to earn rewards and keep their spending low. It’s a great way to build your credit score, as well. The card offers no annual fee or foreign transaction fees, a huge benefit for students who might be studying abroad or traveling internationally. You’ll also get 1% cash back on all purchases with no limit on the amount of cashback you can earn.

The card also offers 5% cash back on purchases from Amazon.com, 2% cash back at gas stations and restaurants (up to $1,500 in combined purchases per quarter), and 1% cash back on all other purchases made with your card. The card is one of the best student credit cards you should have as a student.

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11. Discover it® Student Chrome

Annual fee: Free for the first year, then $0. There’s no annual fee for the first year, but you’ll have to pay a $0.01 processing fee for each balance transfer or cash advance transaction. The APR of this card is Variable between 18.24% – 25.24% based on your creditworthiness and other factors. The interest rates are variable and very competitive, so if you carry a balance on this card, make sure you pay as much of it as possible every month. This card offers 5% cash back rewards on up to $1,500 in combined purchases in rotating categories each quarter; 1% cash back on all other purchases, no foreign transaction fees, monthly statements, no late fees, online account access, and 24/7 customer support.

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12. Petal 1 No Annual Fee Visa Credit Card

Petal 1 No Annual Fee Visa Credit Card

This card is a solid choice for students because there are no annual fees, and it also has no foreign transaction fee. Students who like to travel internationally will appreciate this Petal 1 No Annual Fee Visa Credit Card feature. The Petal 1 No Annual Fee Visa Credit Card also offers no balance transfer fee, cash advance fee, over-limit fee, or late payment penalty rate (which can be up to 29% APR). This card is one of the best student credit cards you should have as a student.

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13. Citi Rewards+℠ Student Card

Citi Rewards+℠ Student Card

The Citi Rewards+℠ Student Card is a good option for students who travel frequently. The card offers a good cash back rewards program, and the no annual fee makes it even better, and one of the best student credit cards you should have as a student.  The Citi Rewards+℠ Student Card offers 5% cash back on purchases made in rotating categories each quarter, up to $1,500 per quarter (with 1% after that). It also provides 2% cash back on other eligible purchases and 1% cash back on all other purchases. You’ll also earn 75 points for every $1 spent on dining at restaurants, entertainment, and travel and 50 points per dollar spent elsewhere (including online).

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14. Chase Freedom Flex℠

Chase Freedom Flex℠

Pursuit money on non-travel purchases with your card; chase freedom flex is the card to use. With this card, you can earn 5% back in the form of a statement credit up to $1,500 each quarter. In other words, if you spend $4,000 during the first quarter of the year and use your Chase Freedom Flex℠ Card at least once in that time frame (for an average purchase price of $100), then you’ll be rewarded with $400 cash back toward your statement due date. This card is part of the best student credit card you should have as a student.

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15. Wells Fargo Active Cash® Card

Wells Fargo Active Cash® Card

The Wells Fargo Active Cash® Card is excellent for students who want to earn cash back rewards but don’t want the annual fee. This card offers 1% cash back on all purchases, with no limits or restrictions. If you’re looking for 5% cash back on certain types of purchases, check out the Wells Fargo Propel American Express® Card, as it has that perk and more, making it one of the best student credit cards you should apply for today.

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Here’s a quick summary of the best student credit cards you should have in 2022:

  1. Bank of America Travel Rewards for Students
  2. Journey Student Rewards from Capital One
  3. Discover it Student Cash Back
  4. Chase Freedom Student Credit Card
  5. Capital One Quicksilver Rewards for Students Credit Card
  6. Bank of America Customized Cash Rewards Credit Card for Students
  7. Deserve EDU Mastercard for Students
  8. Discover It Student Chrome Card
  9. Capital One SavorOne Rewards for Students Credit Card
  10. Petal 2 Visa Credit Card
  11. Discover it® Student chrome
  12. Petal 1 No Annual Fee Visa Credit Card
  13. Capital One® Platinum Secured Credit Card
  14. Chase Freedom Flex℠
  15. Wells Fargo Active Cash® Card

Kevin Afoma Onwuagbanusi is a freelance writer and a graduate of Mechanical Engineering (BEng.) and Masters in Accounting (MSc) with 8+ years of experience writing across several niches, with a remarkable likeness to crypto, and personal finances, automotive, games, and technology.