Are you looking for the best student credit cards? 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. You can save money, pay off the balance and travel with the money.
Bank of America's Discoverit(r), Student Cash Back
Discover it(r), Student cash Back credit card has a competitive cash-back rewards rate. This card provides an introductory cashback match up to 5% for purchases and offers a wide range of bonus categories. Bonus categories rotate quarterly, and you must sign up for them in order to earn rewards. You can't earn rewards retroactively. A first-time cardholder can get a cash back match.
Discover it Student Cashback card is a rotating-category credit card that rewards higher cashback when you purchase in bonus categories. These categories are subject to change each quarter. Students who meet these criteria earn a $20 credit on their statement. However, these categories are subject to a $1,500 quarterly cap, so it is wise to spend within these limits. If you're planning to keep your card for longer than a year, a yearly bonus of $200 would be a good value.
Sallie Mae Accelerate
Sallie Mae Accelerate credit cards are great for students looking to pay off student loans. The card gives you 1.25% unlimited cashback on all purchases. You don't have to limit the amount of cashback you can earn. The card also comes with a 25% bonus on cashback rewards after six months. The best part about the card is that it is designed for students and allows you to make payments on time.
Sallie Mae has a number of helpful tools that can be used 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. This credit cards also offers many other perks, making it the ideal credit card for students.
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! You'll never have to worry about 3% foreign transaction fees again! This is a great benefit for students who are traveling abroad or participating in exchange programs. It is possible to travel to the United Kingdom without paying any fees.
The negatives: Capital One Journey student rewards has a high annual percentage rate. This card isn't the best for balance transfers. 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 decision, you should carefully consider all options.
Discover 100% Cashback Match
Discover offers a 100% cashback match on student purchases for the first year. You can use the bonus to redeem $20 in statement credits for each subsequent five years. You can also earn $20 in statement credits each year if you have good grades. In addition, you will earn 5% cashback on purchases in certain categories and 1% back on all other purchases. This is quite an attractive deal, and you'll soon be seeing serious cash return to your account.
The Cashback Match is one of the most attractive features of the card. It will match any cash you earn in the first year. You will only have to make your first purchase within the cashback match period. You can't get a cashback reward if you make purchases after the match period ends. This is great news, especially for students on a limited budget. You shouldn't let this convince you to get a credit card. Before you buy a lot of expensive items, it's worth trying out the service. In your first year, you may need furniture, lighting, and appliances.