Student Credit Card No Credit
Building credit isn’t easy, especially for students with little or no credit history. Finding a credit card with decent approval odds is difficult with no credit.
However, some credit cards are designed for students with no credit history or those who want to build credit. While many student credit cards are secured, requiring a security deposit, there are also unsecured student credit cards.
If you desire a student card but haven’t started accumulating credit, don’t despair. Compare our card suggestions below to find the best fit for you. This article outlines the Student Credit Card with No Credit.
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Best no credit student cards
The top student credit cards for no credit make approval simple. Find out which cards we recommend, their best features, and who they suit.
Bank of America® Unlimited Cash Rewards Student Credit Card: 0% APR
The Bank of America® Unlimited Cash Rewards Credit Card for Students helps students establish credit while rewarding them. This card offers flat 1.5 percent cash back on all purchases and has no annual fee. Those who spend $1,000 on new purchases within 90 days after account opening will receive a $200 cash incentive.
A free FICO score is also included, as is a 15-month 0% APR on purchases and balance transfers performed within 60 days of account activation (3% balance transfer fee, minimum $10). Then a variable APR of 13.99% to 23.99% applies.
Fair Credit Capital One SavorOne Student Cash Rewards Credit Card
The Capital One SavorOne Student Cash Rewards Credit Card is offered to students with fair credit (580-669 FICO). This card has no annual fee and offers 3% back on dining, entertainment, popular streaming services, and grocery store purchases and 1% back on all other transactions.
Your awards can be exchanged for cash back in any quantity.
The Discover it® Secured Credit Card
If you’re a student who’s had credit issues in the past, you may need to start over with a secured card. This sort of card requires a refundable cash deposit as collateral but allows you to build credit through appropriate credit use.
In addition to reporting your payments to the three credit agencies, the Discover it® Secured Credit Card requires at least $200 to open. There’s no annual charge, and you get 2% back at petrol stations and restaurants (then 1% back) and 1% back on everything else. After a year, Discover’s Cashback Match program will double your rewards.
Do you need a student credit card?
Student credit cards are designed for people with little or no credit history and low income. Generally, you should apply for a student card if you are actively enrolled in school, make little money, and have little credit history. These variables likely apply if you have never had a credit card or any form of loan.
Regardless, students aged 18 to 20 can only record their own personal income on credit card applications, which includes money from jobs, scholarships, or financial help. As a result, low-income students may struggle to obtain a student ID. Age 21+ may be able to submit household income on application.
If you have good credit and a steady income, you are more likely to be approved. You may not even need a student credit card. In fact, if you have a job and pay your own bills, you may be qualified for numerous credit cards for fair or good credit.
Student Credit Card No Credit: Conclusion
Student credit cards are easier to obtain accepted for because they were designed with students in mind. So you might be able to receive a student credit card with bad credit or no credit at all.
You may need to apply for a secured credit card first to develop credit before being approved for an unsecured card. Building credit will be worthwhile in the long run.
