Over the last three years, there has been a strong initiative to reform the banking industry in terms of attracting and maintaining credit card customers. Student credit cards have seen many of the changes. Gone are the days of marketing on college campuses for free t-shirts, and if you’re under 21 without a reliable source of income, you’ll need a parent’s permission to obtain a credit card. The debate will continue about whether college student credit cards are appropriate tools for students, but no matter which side of the fence you sit, it’s beneficial to inform students about the best college student credit cards.
If you’re a college student looking to finance your needs on campus or on break, then a college student credit card may be the right choice for you. I recommend saving to cover your expenses as you want to graduate with as little debt as possible to start your career on the right foot. Working to earn money often takes a back seat to education during college, and credit card use is common to smooth out the income you might earn over the summer.
Some student credit cards offer great rewards while other others offer low interest rates.
Citi® Dividend® Card for College Students. The best card on this list in terms of straight rewards, Citi Dividend Card for College Students. Cardholders can earn 5 percent cash back each quarter in must-have categories like department stores, travel and more, with quick and easy enrollment. All other purchases will earn 1 percent cash back. The total cash back you can earn with the card is $300 per calendar year. For additional information be sure to see Citi Dividend Card Reward Program Information. This card does not carry an annual fee. The offer includes an introductory 0% APR on purchases for 7 months for the Citi Dividend Card for College Students. After the introductory period, purchase APR’s will vary with the market based on the Prime Rate and currently is between 13.99% to 23.99% variable – good for a student credit card. You can manage your account online, on your tablet or on your Smartphone and choose your own payment due date. This card can be used to build credit while earning cash back. Click card name link for pricing details.
Updated April 1, 2014 and originally published August 11, 2010. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.