A few years ago, students with no credit used to be worried about getting a credit card. Now there are numerous opportunities for students with no credit history to get a credit card. Among these numerous opportunities, some stand out because they have many advantages, which include helping you build your credit history for the future. While others just have basic benefits. I want to recommend the best credit cards for students with no credit.
Can I Get a Credit Card With 0 Credits?
Yes, you can. In order to assist people start fresh when it comes to credit, credit card companies will often extend credit to those with little to no credit history. You can improve your credit history and score through responsible credit card use, on-time payments, and a conservative approach to spending. These measures may pave the way to obtaining the appropriate financial products on more favorable terms.
Which Credit Card Is Very Easy to Get?
If you have poor credit or no credit history at all, you should apply for a secured credit card because the refundable security deposit protects the issuer, and they are very easy to get. Here are some of them;
Capital One Savorone Student Cash Rewards Credit Card
This credit card is best for students because there are no membership or annual fees. Some of the benefits include;
- You can get 1% cash back on all other purchases and an unlimited 3% cash back on restaurants, entertainment, popular streaming services, and grocery shopping (but not at superstores like Walmart® and Target®).
- With the early spend bonus, you can also get $50 when you spend $100 in the first three months.
- They offer complimentary Uber One membership statement credits and 10% cash back on all transactions made through Uber, and Uber Eats through November 14, 2024.
- When you refer friends and relatives who are approved for a Capital One credit card, you may make up to $500 a year.
- You can receive 8% cash back on entertainment purchases by making reservations through the Capital One Entertainment portal.
Capital One Platinum Card
No hidden or yearly costs; everyone can use it for free. Part of the things that make student credit cards fast is that you can your eligibility instantly. In as short as 6 months, you’ll automatically be given consideration for a larger credit line. Using a credit card responsibly can help you improve your credit.
Additionally, having a $0 Fraud Liability gives you peace of mind because you won’t be held accountable for unauthorized charges. Capital One lets you keep an eye on your credit score. You can use Capital One’s mobile app to access your account through internet banking from a desktop or smartphone, seven days a week.
Can I Get a Student Chase Card With No Credit History?
Sure, You can obtain a Chase credit card with no credit. The Chase Freedom FlexSM has no annual fee and welcomes applicants with little or no credit history, making it the ideal student Chase credit card for those with no credit. These cards are designed for university students who have never had a credit card and are seeking useful benefits and rewards.
What Is a Good Credit Card for an 18-Year-Old With No Credit?
Petal® 1 Visa® Credit Card
If you just got started on your financial journey with no credits and don’t want to put down a refundable security deposit, the Petal® 1 Visa® Credit Card is an excellent option. The Petal 1 Card has a credit limit of $300 to $5,000, reports to all three major credit bureaus, and has a $0 annual fee, making it readily worthwhile. However, it does not offer points for each purchase you make. Instead, members can get 2% to 10% cash back on purchases made at a few participating stores. The mobile app from Petal makes it simple to keep track of your spending, automate payments, and manage your finances.
Capital One Quicksilver Student Cash Rewards Credit Card
You’ll receive 2,500 extra points after your first purchase. If you spend $1 on net qualified items each month, you’ll earn 1.5 points.
However, you can accumulate points with no limit and cash them in over the course of five years. There is an option to cash in your points for cash, use them for vacation, or buy whatever you want with them.
You can feel secure knowing that any fraudulent charges made against your card will result in zero liability on your part. The annual fee, fees for foreign transactions, and other charges are all waived. Also, If you lose your card, Capital One Mobile allows you to lock it. You are advised to use your student credit cards wisely to improve your credit score.
Lastly, this student credit card could be useful whether you’re enrolled in a 2-year college, 4-year university, or some other type of college.
Mission Lane Visa® Credit Card
If you have poor credit or no credit history at all, the Mission Lane Visa® Credit Card is a suitable option for an unsecured credit card. The Mission Lane Card has a high annual percentage rate (APR) and a $59 or less fee, but the minimum credit line is $300. You could be automatically offered a larger credit limit in as little as 7 months. Cardholders can access their credit scores for free and online.
As long as your monthly payments are made in whole and on time, you won’t be charged any interest on your purchases.
Five Star Bank College Rewards Visa® Credit Card
If you use this student credit card, you’ll receive 2,500 extra points after your first purchase. When you spend $1 on net qualified items each month, you’ll earn 1.5 points. You can, however, accumulate points with no limit and cash them in over the course of five years.
You can cash in your points or use them to buy whatever you want. APR on purchases- 0% intro APR for 6 months, 19.49% – 29.49% (V) APR afterward.
How to Get Your First Credit Card as a Student
Understanding how the application process works and how you plan to keep up with payments to prevent debt is crucial before applying for and using a student credit card. When you use your credit card wisely, it can assist you as a student to establish and improve your credit ratings while enjoying the rewards programs and privileges available to cardholders.
The procedure for applying for a student credit card may differ, depending on your age and present financial situation.
Before 2009, credit card issuers could accept virtually any young adult as a new customer for a credit card. According to the Credit CARD Act of 2009, the minimum age to apply for a credit card was 21. Nowadays, most credit card issuers have a minimum age requirement of 18.
How Do I Apply for a Student Credit Card if I Am Under the Age of 21?
- Do your homework to choose the ideal student credit card.
- Find the requirements you need to do to apply and check if you are eligible.
- Get the right documentation to show that you’re a student. Financial institutions and credit card firms may use the National Clearing House to verify that you are enrolled in an approved institution.
- Get evidence of income and the details of any co-signers (who will be held accountable for any late or missed payments on the account).
- Please submit your application in full, including any supporting documents.
How Do I Apply for a Student Credit Card if I Am Over the Age of 21?
- Make enquiries about the student credit card that will suit your current needs as a student.
- Check if you have the necessary documents to opt for it.
- You need some documents that can prove your financial stability.
- Get the right documentation to show that you’re a student. Financial institutions and credit card firms may use the National Clearing House to verify that you are enrolled in an approved institution.
- Include any necessary documents with your application.
After you turn 21, you’ll be able to apply for a credit card with fewer restrictions. Issuers still require proof of income to ensure you have the means to repay any purchases you make. You can, however, include the salary of a partner or spouse to which you have appropriate access.
It’s a good idea to start establishing a credit history as soon as possible after enrolling in college. Once you graduate, having excellent credit will open several doors for you. After graduation, you’ll likely need a stable income to pay for things like a place to live, transportation, and basic necessities like food and water.
Best Credit Card for Students With No Credit History
Some of these credit cards are best for students with no credit history;
Chase Freedom® Student Credit Card
Get $50 after making your first purchase with your new account within the first three months. In addition to that, you can get a 1% cashback on everything you buy. You can get standing Rewards of $20 per year for up to 5 years from account opening. There is no cashback minimum required. This means that as long as your account remains active, your Cash Back benefits will remain valid.
This credit card does not charge any annual fee. Your credit limit will grow if you make 5 on-time payments during the first 10 months of starting your account and match the credit requirements. However, Chase Credit Journey provides a free credit score. It makes your whole financial journey easier.
Capital One Journey Student Rewards Credit Card
This student credit card does not have any recurring costs of any kind. Also, there are no hidden fees when making an overseas purchase. You can get a six-month automatic credit line upon approval. 1% cash back on all purchases (increasing to 1.25 % after 12 months of on-time payments). When you make certain transactions, you’ll receive a 5% cashback. This credit card is very suitable for students who want to study abroad.
Tompkins Community Bank College Rewards Visa® Credit Card
These students’ credit cards are suitable for students with no credit. Membership fees do not apply. They also offer 0% intro APR on purchases. After your first purchase, you’ll get 2,500 bonus rewards points. You will also earn 1.5 points monthly for every $1 you spend on eligible net purchases. Additionally, you have as many as five years to redeem your rewards.
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Best Credit Cards for Students With No Credit: References
