Looking for the best student credit card offers? This article will compare Bank of America’s Discover It(r), Capital One’s Student Rewards, Sallie Me's Accelerate and Bank of America’s Student Cash Back. Discover's 100% cashback match can also be found. A student credit card is an excellent investment regardless of your financial status. While you pay off the balance, you can save money and then use the money to travel.
Bank of America's Discoverit (r) Student Cash Back
The Discover it(r), student cash back credit card offers a competitive reward rate and cash back. This card provides an introductory cashback match up to 5% for purchases and offers a wide range of bonus categories. Each quarter, bonus categories change and you have to sign up in order for rewards. You can't earn rewards retroactively. For first-time cardholders only, the introductory cashback match will be applicable.
Discover it student cash back card offers higher cashback on purchases in bonus category. These categories change each quarter. Students who meet these requirements receive a $20 statement credits. These categories have a $1.500 per quarter cap so it is important to keep within these limits. If you intend to keep your credit card for more than a year, $200 yearly bonus would be a great value.
Sallie Mae Accelerate
Sallie Mae Accelerate student cards can be a good choice for students who are looking for credit cards that will pay off student loans. This card gives 1.25% unlimited cash back on all purchases and has no cap on the amount of cash back you can earn. You will also receive a 25% bonus for your first six months of card use. The best thing about the card? It is specifically designed for students, and you can make your payments on time.
Sallie Mae Accelerate student cards offer a range of useful tools to help you manage your account. Accessing your account through your smartphone is easy. It's simple to pay your bills, review your statements, set up notifications, and other tasks. You can even stop your card by using the app. The credit card is also perfect for students because it offers a variety of perks.
Capital One's Journey Student Rewards
Capital One's Student Rewards Credit Card: The card's benefits are great for college students and those who plan to travel abroad during the summer. No foreign transaction fees! No more worrying about foreign transaction fees of 3%! This is a great benefit for students who are traveling abroad or participating in exchange programs. You can travel to Britain and spend money there without worrying about fees.
Negatives: The Capital One Student Rewards Annual Percentage Rate is high. It's also not the best card to balance transfer. The rewards for this credit card are not worth the high annual rate if you use it only to make purchases. However, if you plan to use it for travel, you'll love the rewards program and peace of mind it offers. Be aware that there are cards with lower annual percentages. Before making a purchase, consider all options.
Discover our 100% cashback match
Discover offers an unlimited 100% cashback match for student purchase the first year. For the next five years, you can redeem the bonus as $20 in statement credits. An additional $20 statement credit is available each year for students who maintain high grades. Additionally, you will receive 5% cash back in rotating category and 1% cashback for all purchases. This is quite an attractive deal, and you'll soon be seeing serious cash return to your account.
Cashback Match is the best feature of this card. You will receive a match for any cash earned during the first year. The cashback match period is the first year, so you'll only need to make your first purchases within that timeframe. After that, you can't expect a cashback reward for purchases made after the match period has expired. This is great news for students on a budget. However, don't let this deceive you into signing for a card. It's worth trying the card before you make a purchase. You may need to purchase furniture, appliances, lighting, and other expensive items in your first year of living.