Student credit cards are an excellent way for college students to build a credit history. Young adults who use their credit cards wisely can save some money with a variety of rewards programs. Points and cash back rewards are two of the most popular programs offered for college student credit cards.
Discover® Student Cash Back
5% cash back at places you love to shop
Students earn 5% cash back on everyday purchases during the school year (and all year long) at different places each quarter, such as
Amazon.com
Grocery stores
Restaurants
Gas stations
When you pay using PayPal
up to the quarterly maximum when you activate.
And all your other purchases still earn 1% cash back automatically, with no limit.
Intro Purchase APR | Regular APR | Balance Transfer | Annual Fee | Rewards |
0% for 9 months* | 15.24% – 24.24% Variable* | N/A | $0 | 5%Cashback |
Discover® Chrome for Students
2% cash back at gas stations and restaurants
Earn 2% cash back at
gas stations
restaurants (including cafes and fast food)
on up to $1,000 in combined purchases each quarter.
Plus, earn unlimited 1% cash back on all other purchases like books, groceries, and college staples with the student Discover card designed for your lifestyle, on campus and off.
Intro Purchase APR | Regular APR | Balance Transfer | Annual Fee | Rewards |
0% for 6months* | 15.24% – 24.24% Variable* | N/A | $0 | 2%Cashback |
Best student credit cards summary
Many student credit cards have no annual fee, offer points or cash bonuses, and 0% APR on balances and in some cases on balance transfers. It’s very important for students to spend as much money as they can pay off every month in order to establish a good credit history and not get into debt. If young people have no experience in managing their expenses then spending interest-free money (even if it is only for a limited period) or chasing more rewards can lead them to serious financial problems.
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The article was updated on 22/9/2022. The article was believed to be accurate during that time. Some information may have changed since that date. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies credit card applications.