Student Credit Cards

Many student credit cards provide incentives for responsible spending. For example, a credit card company may assign a point scoring system in which a student may accumulate credit for staying underneath the established card spending limit, or paying a monthly bill on time. The points earned may then be redeemable from a merchandise catalog supplied by the company.

Student credit cards are a great way for those inexperienced with credit to learn how to borrow responsibly. The terms and rates associated with student credit cards can vary greatly depending upon provider, so careful review and comparison between cards should be done diligently. Like any other card, there may be differences in the annual percentage rate applied to the balances carried and there may or may not be an annual fee.


Rather than a reward system, other cards will offer a cash back incentive program. When students use their card for purchasing books, paying utilities, or buying other necessities, a percentage of the purchases price will be paid back to the consumer. When the total balance of cash back owed to the student reaches a certain amount, a check may then be sent directly to them for spending at their discretion.

Student credit cards often come with additional resources and information, such as credit education tools available online for a newer consumer that is learning to build credit responsibly. For the tech-savvy young person, a complete online account center is often available, including email reminders for payments, eStatements, and online bill payment options. .. expand

* Efforts are made to maintain accurate information, however this is not guaranteed. You should review full credit card terms and conditions on the application websites, first.