Contrary to many students’ beliefs, credit card companies offer a number of credit cards for college students trying to build credit. Students like yourself want to start building credit as quickly as possible. One of the best ways to do that is to open a credit card that was specifically designed for college students. These credit cards offer various perks that college students can benefit off of while simultaneously building a credit score. Whether you are earning your MBA engineering degree or becoming a teacher, these credit cards can improve your financial situation. Read on to learn the best credit card for college student with no credit features.
Credit Score Predictions
The best credit card for college student offers credit score predictions. Such credit cards allow college students to discover how their credit score might change if they make changes. For instance, you might want to purchase an expensive item on your credit card as a way of boosting your credit. You can find out how much the purchase would benefit you by using your credit score prediction feature. Moreover, you can calculate how much you could fall into debt based on financial decisions. Many students avoid having to rebuild credit scores later in life with this feature. With this being said, you can advance your financial state with a credit card for college student that provides credit score predictions.
Gas And Restaurant Rewards
Another credit card for college student feature to look for is gas and restaurant rewards. As a college student, you likely drive your car around often if you have it on campus. You also probably go out to nearby restaurants with your friends frequently. This is especially true for students who like to take advantage of their college’s discount programs. If you fall into either of these categories, you could benefit off of credit cards with gas and restaurant rewards in multiple ways. You, of course, can use them to build credit. Additionally, you can use this type of credit card to receive money back on purchases that you would make regardless. Improve your financial situation and credit score with a credit card that offers gas and restaurant rewards.
High GPA Rewards
The average college student also searches for a credit card for college student that provides GPA rewards. If you excel in your courses, you could earn benefits easily. Many credit card companies offer students rewards based on a specific GPA range. You could open a credit card that requires you to earn a 3.0 GPA each year to receive a statement credit in return. While the statement credit amounts and GPA ranges vary, these types of credit cards all boost driven students’ credit histories. For this reason, you should look for a credit card that provides high GPA rewards.
No Annual Fee
Find a credit card for college student that does not require an annual fee as well. After all, you are a college student. Even if you are going to become an accountant or a successful business owner, you do not want to waste your money now. Most individuals attending school do not have money to throw around however they please. Thus, you do not want to give up some of your limited monetary supply on annual credit card fees. Some students struggle to pay them and fail to build good credit. Avoid this outcome by searching for a credit card for college student with no annual fee.
ID Theft Protection
Additionally, look for a credit card for college student that guarantees ID theft protection. College students have a lot to think about. Between school work, part-time jobs and personal situations, you do not have time to deal with identity theft threats. All types of individuals’ stress levels rise when they discover that their credit card information has been stolen. They realize that someone else is charging products on their account and fear that they will have to repay what was bought. While this is usually not the case, the process of clearing your account can be tedious. Prevent having to push through this struggle by opening a credit card for college student with no credit that has ID theft protection.
In order to properly build credit as a college student, you need to select the best credit card. Look for one that offers credit score predictions so that you know what you are getting yourself into prior to making a purchase. Students favor credit cards with gas and restaurant rewards since they constantly pay for gas and go to restaurants with friends. If you are a quality student, consider applying for a credit card that offers GPA rewards. Find a card that does not require an annual fee so that you can save as much of your capital as possible. ID theft protection is a crucial factor to look for as well. Search for these best credit card for college student with no credit features to achieve a good credit score.