Looking for the best student card offers? This article compares Bank of America's Discoverit(r) Student cash Back, Capital One’s Journey Students Rewards, and Sallie mae's Accelerate. Discover's 100% cashback match is also included. A student credit card is an excellent investment regardless of your financial status. While you pay off the balance, you can save money and then use the money to travel.
Bank of America's Discover It(r) Student Cashback
Discover it(r), Student cash Back credit card has a competitive cash-back rewards rate. The card comes with an introductory cash back match up to 15% on purchases. There are many bonus categories. Each quarter, bonus categories change and you have to sign up in order for rewards. Reward points cannot be earned retroactively. For first-time cardholders, the introductory cashback match is valid.
Discover it Student Cash back card is a rotating category card that offers higher cashback for purchases in bonus categories. These categories change each quarter. Students who meet these criteria earn a $20 credit on their statement. These categories have a $1.500 per quarter cap so it is important to keep within these limits. If you intend to keep your credit card for more than a year, $200 yearly bonus would be a great value.
Sallie Mae Accelerate
Sallie Mae student credit cards will help students pay off student loan debts. The card offers unlimited cashback of 1.25% on all purchases, and there is no limit on how much cash back you can get. In addition, the card offers 25% cash back rewards and 1.25% unlimited cash back on all purchases for the first six month. The best part about the card is that it is designed for students and allows you to make payments on time.
One benefit of the Sallie Mae Accelerate student credit cards is that they have a suite of convenient tools that can help you manage your account. Your account can be accessed from your smartphone. It makes it easy to pay bills, view your statements, set alerts, and much more. You can even pause your card from within the app. This credit card also has a number of other perks to make it the perfect student credit card.
Capital One's Journey Student Reward Program
Capital One's Rewards Credit Card for Students: This card is perfect if you are a student and plan on going abroad this summer. No foreign transaction fees! There will be no foreign transaction fees! This is a great benefit for students who are traveling abroad or participating in exchange programs. You can travel to the United Kingdom and spend money without worrying about incurring fees.
Negatives: Capital One's Student Rewards has a very high annual percentage. Also, it's not the best choice for balance transfers. If you are only planning to use this card to purchase, the annual percentage rate will be too high. However, if you plan to use it for travel, you'll love the rewards program and peace of mind it offers. But be careful: there are other cards with lower annual percentage rates. Before making a purchase, consider all options.
Discover our 100% cashback match
Discover's 100% cashback match to student purchases is unlimited for the first one year. The bonus can be redeemed as $20 in statement credit for the next five years. A $20 bonus statement credit can be earned each year for good grades. You'll also get 5% cashback in rotating categories, and 1% cashback on all purchases. It's a great deal! You'll soon begin to see serious cash back in the account.
Cashback Match is one feature that makes this card stand out. It will match any cashback you earn within the first 12 months. The cashback match period is the first year, so you'll only need to make your first purchases within that timeframe. You won't receive a cashback reward after the match has ended. This is great news, especially for students on a limited budget. However, don't let this deceive you into signing for a card. It is worth trying before you commit to a large purchase. You might need to buy furniture, appliances, lighting and other expensive items within your first year of life.