Student Credit Cards

Our objective student credit card reviews will help you pick the right card.

Frequently Asked Questions
  • What Are Student Credit Cards?

    Student credit cards are starter cards meant specifically for those enrolled in accredited four-year colleges or universities. Compared with other cards designed for first-time card members, student cards generally offer lower fees and interest rates. Also, rewards are often available where very few general starter cards offer those. Card issuers offer these breaks to users who are newbies to managing money, in short, because they want them as potentially valuable long-term customers.

  • What Do You Need to Apply for a Student Credit Card?

    Applicants must be at least 21 years of age or be able to prove they have sufficient independent income to service the account. If someone is under 21 and lacks sufficient income, they must obtain a co-signer who is over the age of 21 (usually a parent or guardian). They also must be enrolled in college.

  • How Do You Get a Student Credit Card?

    Before applying for a student credit card, check your credit. You'll want to make sure you meet eligibility requirements. Next, compare cards to make sure you get the best rates and take advantage of rewards and perks. Once you've found the card that's right for you, check the eligibility requirements to make sure you qualify. If you're under 21, you'll need to ask a parent or guardian to co-sign for you. And then you're ready to submit your application.

  • How Do You Improve Your Chances of Being Approved for a Student Credit Card?

    If you want to improve your odds of being approved for a student credit card, get a part-time job. Having an income source will show that you can take on responsibility for your debt and repay your balances. Also, make sure you pay all of your bills on time. This will help your credit score and make you more appealing to lenders. Finally, ask a relative to co-sign for you. This will add a layer of security to your application.

  • Can Tuition Be Paid With a Student Credit Card?

    Some colleges and universities accept credit cards for tuition payments, but the institution will impose a charge for the merchant interchange (also known as the card-swipe fee) in the form of a “convenience fee.” This is usually an expense of 2%-3% of the tuition charge. Another disadvantage of putting tuition on a card is that the hefty charges would likely max out your credit line. That could leave you with little leeway for other purchases and might even impair your credit score by increasing your credit utilization. Plus you might not be able to pay off a
    massive tuition charge in time to avoid paying interest, which even for a month could be substantial.

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