The 5 best credit cards for students in the year 2022 have been listed below if you are looking for better and more feasible options.
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| Best Credit Cards for Students in 2022 |
If you’ve been to college, you’d know that students are always in dire need of money. Apart from the cash needed for parties, you do need funds for serious things, like laptops or books, or insurance. Many students take student loans and are not able to repay them even into their old age. With a student credit card, things might be a little easier.
College is the time you want to start thinking about building credit. Your GPA and credit score both have a great impact in this regard.
A good student credit card would help you build a strong credit history while at the same time fulfilling your needs. And so, by the time you graduate, you’d have to build a credit that would help you get great loans and the best credit cards.
Here are the 5 best credit cards for students in the year 2022.
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Discover it® Student Cash Back
Discover our first choice for the best credit cards for students offers a special offer – Unlimited Cashback Match.
At the end of the first year, these guys would match all the cash back you have earned and possibly increase the amount. A $50 cashback could fetch you $100. Each quarter, you will earn 5% cash back on everyday purchases like e-shopping websites, gas stations, restaurants, etc, if you pay with PayPal. On every other purchase, you will earn unlimited 1% cash back.
You don’t need to have a credit score to apply for this credit card. There is a mobile application available, and there is no annual fee. For the first 6 months, you’d have 0% APR on purchases. After that, the standard variable purchase APR of 15.99%-24.99% would apply.
Apply for Discover it® Student Cash Back here.
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Discover it® Student chrome
At sign up on the Discover it® Student chrome, you’d receive a big sign-up bonus. Additionally, for gas and restaurants, you can earn rich rewards, like 2% cash back for more than $1,000 of combined purchases per quarter. Plus, there is no annual fee.
The same offer of unlimited Cashback Match applies here as in the previous best credit card for students. Here as well, you don’t need a credit score to apply.
Discover has a policy for privacy. They help remove personal information from some people-search websites. You can activate this option through the available mobile application. For the first six months, there’s 0% APR on purchases. After that, the standard variable purchase APR of 15.99-24.99% would apply.
Apply for Discover it® Student chrome here.
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Petal® 2 “Cash Back, No Fees” Visa® Credit Card
The claim to fame of Petal® is that they are averse to fees. So with this best credit card for students, you’d find no fee at all. Not late fees, foreign transaction fees, annual fees, etc.
The APRs vary from 15.24% to 29.24%. If you make 12 on-time payments, then you are eligible for 1.5% cash back on select purchases. There is a 1% cash back on eligible purchases at the same time. With select merchants, you can get anywhere between 2% and 10% cashback. The credit limit is $300-$10,000.
As with the other best credit cards for students, no credit score is required. Your credit score won’t have any say in getting you pre-approved within minutes. The Petal® guys report to the three major credit bureaus. You need not deposit anything here. WebBank or Member FDIC issues the card.
Apply for Petal® 2 “Cash Back, No Fees” Visa® Credit Card here.
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Deserve Edu Mastercard for Students
The Deserve Edu Mastercard for students gives you 1% cash back on every purchase. You also earn an Amazon Prime Student subscription. The total reimbursement with this streaming platform would be $59. The credit limit is up to $5,000.
As always, you don’t need any credit history, and for international students, even a social security number is not required. There is no deposit or cosigner needed. The average APR rate would be 18.74%.
Apply for Deserve Edu Mastercard for Students here.
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Bank of America® Travel Rewards Credit Card for Students
For every dollar you spend with the Bank of America® Travel Rewards Credit Card for Students, you get 1.5 points. These points allow you to make payments for any airline or hotel. The points don’t ever expire and there are no blackout dates either.
There’s an added bonus along this line. If within 90 days of the opening of your account you make purchases worth $1,000, then you are rewarded with 25,000 bonus points. In real-world money, you can redeem these points for a $250 statement credit for airlines and hotels.
No additional fees will be applied and that includes annual fees and foreign transaction fees. For the opening 18 billing cycles on purchases, you get 0% APR. After that limit is crossed, it rises up to between 16.24%-26.24% based on how much you use the credit card. And also, there are free monthly FICO credit scores given to students to help them build good credit.
Apply for Bank of America® Travel Rewards Credit Card for Students here.
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These were our top picks for the best credit cards for students in 2022. These have been picked keeping in mind the problems a college student would face. That’s not to say there aren’t other such great credit cards. You can explore them for yourself as well.
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