Best Credit Cards for College Students

1. Discover it® Student Cash Back. [ jump to details ]
2. Bank of America® Travel Rewards credit card for Students * [ jump to details ]
3. Discover it® Student chrome. [ jump to details ]
4. Capital One SavorOne Student Cash Rewards Credit Card. [ jump to details ]

Which bank credit card is best for student?

What are the best credit cards for students in India?

• SBI Student Plus Advantage Card.
• ICICI Bank Student Travel Card.
• HDFC ForexPlus Card.
• HDFC Multicurrency Platinum ForexPlus Chip Card.
• Eligibility Criteria for Credit Cards for Students.
• Documentation Required.

Is it a good idea for a college student to have a credit card explain your answer?

A credit card can be much more than just a convenient way to pay for today’s college expenses. It can provide peace of mind in emergencies, allow you to accumulate rewards and cash back, and be a useful tool to help college students establish life-long good financial habits.

Who is eligible for student credit card?

Student Credit cards are offered to individuals at the college level. These credit cards do not require any income and eligibility limit. Thus, any student above the age of 18 years is eligible to apply for the student credit card.

How can I get my credit score at 18?

How To Build Credit At 18: 7 Expert-Proven Tips

1. Learn the Basics of Credit Scores & Reports.
2. Check Your Credit Score & Report.
3. Become an Authorized User.
4. Open a Secured Credit Card.
5. Make Timely Payments.
6. Keep Your Credit Card Balances Low.
7. Get a Loan.

What percentage of college students have a credit card?

57 percent of college students have and regularly use a credit card, while 85 percent have and regularly use a debit card (Sallie Mae).

Can a college student apply for a credit card?

To qualify for a student credit card, you typically need to meet the following criteria: You must be a current college or university student; some credit card issuers will ask you to enter your school’s information or your college email address on the application. You must be at least 18 years old to apply for a card.

Why you shouldn’t get a credit card in college?

Credit cards should be avoided unless the cardholder has steady income and can afford to pay the balance in full every month. College students lack the necessary income to remain balance-free, and tend to pay the minimum monthly payment.

Can a 19 year old get a credit card?

Consumers can apply for credit cards starting at age 18, but the law requires them to have an independent income or a co-signer. So, a person aged 18, 19 or 20 usually has to earn and prove their own income before being approved for a credit card.

How do I qualify for a student Discover Card?

To qualify for a Discover student credit card, you must be at least 18 years old, enrolled in a two- or four-year college, a U.S. citizen and have a Social Security number. You will also need to have verifiable independent income, like a part-time job, and you may have to show proof of income.

Can 18 year old apply for credit card?

Age – You will need to be minimum 18 years of age to apply for a Credit Card. Even if you are an add-on Credit Card holder, the age limit needs to be met. Anyone meeting this criteria becomes eligible for a Credit Card. Income – Each bank has a specified minimum income set by them as an eligibility criteria.

Is 650 a good credit score for a 19 year old?

According to credit bureau Experian, a good credit score is 700 or above. In fact, according to Credit Karma, the average credit score for 18-24 year-olds is 630 and the average credit score for 25-30 year-olds is 628. FICO has different categorizations for credit scores and a 630 is deemed as “fair”.

Is a 631 credit score good?

Your score falls within the range of scores, from 580 to 669, considered Fair. A 631 FICO^® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.

How long does it take to get 700 credit score?

It will take about six months of credit activity to establish enough history for a FICO credit score, which is used in 90% of lending decisions. 1 FICO credit scores range from 300 to 850, and a score of over 700 is considered a good credit score. Scores over 800 are considered excellent.