Best Credit Cards for Students

There really is no better time to begin building your credit score than while you’re enrolled in college. Whether you’re building your credit for a future investment like a home or want to be able to access top travel rewards credit cards, your college years are a great time to start building your credit score. Miles With Max has researched dozens on student credit cards. View the top student credit cards in 2020 below.

Best Student Credit Cards 2020

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Top Student Credit Cards
Best Student Credit Card for 2020

Deserve Edu Mastercard

A no fee student credit with added benefits.

Best Student Credit Card for 2020: Student credit cards are not known for offering benefits. However, the Deserve Edu Student Credit Card offers a variety of benefits including Amazon Prime Student at no cost to the cardholder after qualifying spend for up to one year, cell phone protection, and no foreign transaction fees. The Deserve Edu Student Credit Card is also ideal for international students as applicants aren’t required to provide a US Social Security Number. See rates, fees, and terms and conditions.

There are hundred of credit cards available to students. Many of these cards are issued by smaller regional banks and come with high interest rates and even annual fees. Unfortunately, these cards are often the first offers students come across when searching for their first student credit card. Miles With Max has researched a number of popular student credit cards that feature reasonable interest rates and no annual fee. These student credit cards are significantly better and more well-rounded than the credit card offers students often receive by mail from those small regional banks. However, with dozens of popular no annual fee student credit cards, it can still be confusing when searching for the best student credit card. Here are our top picks for no annual fee student credit cards in 2020.

Miles With Max's Top Pick
BEst No Annual Fee Student Credit Card

Miles With Max has ranked the Journey Student Rewards Card from Capital One as the number one no annual fee student credit card for a variety of reason. If you’re looking for the ideal first credit card, the Journey Student Rewards Card is the perfect fit. With relatively high approval odds for students with a limited credit history, the Journey Student Rewards Card is great for building credit. Additionally, cardholders can earn unlimited 1% cash back on all purchases. Cardholders that pay on time can also earn up to 1.25% cash back. Capital One will also report your card usage and payments to all major credit bureaus allowing cardholders to see noticeable progress in building their credit score. See rates, fees, and terms.

Student Credit Cards with No Annual Fee

Student Credit Card Journey Rewards Credit Card Capital One

Card Highlights:

The Capital One® Journey® Student Credit Card isn’t great for earning rewards. However, the card is one of the few Capital One credit cards with high approval odds for college students with a limited credit history. The Journey Student Card is ideal for building credit.

Credit Cards for Students Deserve EDU Mastercard

Card Highlights:

The Deserve Edu Student Credit Card offers a variety of benefits including Amazon Prime Student at no cost to the cardholder for up to one year, cell phone protection, and no foreign transaction fees. The Deserve Edu Card is also ideal for international students. No annual fee.

Best Credit Cards for Students Jasper Mastercard

Card Highlights:

The Jasper Mastercard is a full-feature Mastercard designed for professionals. Unlike other credit cards, applicants aren’t required to have a credit history. This means that individuals living in the United States that are from overseas may still be able to apply. The Jasper Mastercard also features one of the highest maximum credit lines of any student credit card as well as low APRs.

Discover It Cash Back Card Best Student Cash Back Credit Card

If you’re looking for the ideal first credit card, the Discover It is the perfect fit. With high approval odds for students with a limited credit history, the Discover It Student Card is great for building credit. Additionally, the card features an introductory offer in which Discover will match all cashback earned during the first year of having the Discover It Student Card. Discover’s quarterly 5% cashback categories also make the Discover It Student Card a great way to earn cashback rewards.

US Bank Cash Back Credit Card for Students

The US Bank Cash+ Visa Signature card earns up to 5% cashback. Cardholders also earn 2% cashback on a category like gas, groceries, or restaurants. Earn unlimited 1% cashback on all other purchases. The card currently features a welcome bonus allowing new cardholders to earn a $200 rewards bonus after making $500 in eligible purchases within the first 90 days. With no annual fee, the US Bank Cash+ Visa Signature card is the perfect student credit card for maximizing cashback.

Finding a student credit card that earns rewards can be somewhat of a challenging task. With most student credit cards offering the benefit of no annual fee, credit card issuers and banks are not all that eager to also offer the benefit of earning rewards. However, there are still a few student credit cards that earn rewards. Whether you want to maximize cashback or earn travel rewards, here are our top picks for student credit cards that earn rewards in 2020.

Miles With Max's Top Pick

Earning 1.5% cashback on all purchases, the QuicksilverOne® Credit Card from Capital One® is a simple way to earn cashback. Cashback can be redeemed for cash, statement credits, or gift cards. The QuicksilverOne Card also comes with a few benefits like extended warranty protection and auto rental collision protection.

Best Student Credit Cards for Rewards

While not branded as a student credit card, the Discover It® Miles Credit Card is one of the few travel rewards credit card with reasonably high approval odds for college students with a limited credit history. The Discover It Miles Card earns unlimited 1.5x miles on all purchases.

The Bank of America Travel Rewards Credit Card is one of the few student credit cards earning points that can be redeemed for travel. Earn 1.5 points for each dollar spent on all purchases. Points can be redeemed for air travel, hotels, and other travel services. Plus, enjoy no blackout dates.

Quicksilver Capital One Cashback Rewards Credit Card, Good for College Students

Earning 1.5% cashback on all purchases, the QuicksilverOne® Credit Card from Capital One® is a simple way to earn cashback. Cashback can be redeemed for cash, statement credits, or gift cards. The QuicksilverOne Card also comes with a few benefits like extended warranty protection and auto rental collision protection.

Choosing a Student Credit Card in 2020

Should You Get a Student Credit Card?

A popular question we’re asked is, “Should I get a student credit card?” Students will often say, “I already have a debit card, Venmo, and CashApp. Why would I need a student credit card?” This is somewhat of a valid point. Credit cards aren’t viewed in the most popular light. Additionally, the first credit card offers students often encounter are for credit cards with high-interest rates and numerous fees. However, students should not be deterred from getting a credit card. The right credit card won’t come with astoundingly high-interest rates and fees. Instead, when used responsibly, a student credit card is the fantastic first step in establishing a stellar credit history. Ultimately, our answer to the question of whether or not to get a student credit card is, “Yes, you should get a student credit card.”

Our top reason for why our answer is yes is related to your credit score. College students often miss out on the opportunity to start building credit during their time on campus. One reason is that college students often assume that they can start building their credit later in life once they’ve secured a job and are ready to begin their adult lives. This is one approach. However, this approach is not ideal. Credit scores rarely change overnight and can take months or years to build up. College students have numerous expenses, from textbooks to evenings out with friends. These expenses can be viewed as an opportunity when students use their student credit cards for these purchases. With a student credit card, you’ll be able to begin building credit throughout your college years. Addressing your credit score early on in your adult life is hugely beneficial. With a more extensive credit history, you’ll likely have more opportunities to access other credit products like mortgages and loans in the future.

Should I Apply for a Student Credit Card

Choosing The Right Student Credit Card

In the United States, students as young as 16 years of age can begin accessing credit cards. At 16, students can be added as authorized cardholders or users on a parent or guardian’s existing account. Many parents and guardians shy away from adding their teens to their credit card accounts. However, it is important to note that being an authorized user or cardholder may allow those under the age of 18 to begin establishing a credit history. Students under the age of 18 that are added to their parent or guardian’s account will benefit from the primary cardholder’s payment history and established line of credit. Upon turning 18, students can begin accessing their own lines of credit independent of their parents or guardians. It is at this point that students will start noticing significant changes in their credit score.

Upon turning 18, at which point you can apply for your own credit cards, it is best to begin searching for the ideal card immediately. The first step in choosing the right credit card is to take a sort of self-inventory of your current financial situation and standings. Make a note of your current income, income accessible to you (example: income of parents), funds available in bank accounts, and any other assets you may have. With this information, you will have a better idea of what credit cards you may be able to access. Additionally, while it takes a considerable amount of time for someone to see changes to their credit score, it does not hurt to check your score when searching for your first credit card. You can check your credit score for free using a tool like Credit Karma. If you already have a credit score, you will also want to make a note of that score. It will undoubtedly change as you apply for, use, and make payments on credit cards. However, knowing your credit score is vital in choosing the right credit card as a student.

How to Choose The Best Student Credit Card

Once you have gathered the information listed above, you can begin searching for and comparing popular student credit cards. Miles With Max has listed what we have found to be the best student credit cards of 2020 above this section. The cards listed above are perfect for college students, with most of the cards designed specifically for students. During your search, be sure to take note of cards that fit your needs. Once you have developed a list of student credit cards that fit your needs and financial profile, you can begin comparing cards. Upon comparing your list of top student credit cards, you can start applying for your first student credit card.

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Discover even more student credit cards with CreditSoup. View offers, compare credit cards, and get expert tips and advice with CreditSoup.

Top Student Credit Cards

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