Student Credit Cards FAQs

1. What are the best student cards for someone with no credit history?Students with no credit history may want to apply for a prepaid card, because they don’t require a credit check. The most affordable is the American Express Prepaid Card, and it offers a program to help build credit and graduate to the American Express Charge Card. One of the best student credit card offers for those with no credit history is the Journey Student Rewards Card from Capital One. Using the card automatically creates a credit history track record. Each month, the student repays the Journey Card on time, they also qualify for a cash back bonus.

2. What are the best student credit cards for someone with no income?Prepaid instant approval student credit cards are the best choice for those with no income, however make sure they don’t charge excessive fees. The American Express Prepaid Card is the most affordable prepaid card with very few fees. Another option is to apply for a card and have a parent cosign for it. The application is evaluated on their income and credit, improving a student’s chances for approval.

3. What are the best student credit cards for someone with bad credit?Most instant approval student credit cards available to everyone, regardless of their credit history. There is no credit check required, no late fees, or overdraft penalties, and you can find prepaid cards that are honored wherever major credit cards like Visa and MasterCard are accepted.

4. Can I get a student credit card with no cosigner?Because of recent federal legislation, the only student credit card offers available to minors without a cosigner are for those students who demonstrate enough financial stability to repay their credit card debts. The Citi Dividend Platinum Select Card for College Students is an excellent student card with no cosigner required.5. How do student credit cards work?Student credit cards work just like other credit cards, except they offer tools and benefits that appeal to students and meet their unique financial needs. To determine which card is best, compare student credit cards based on features such as online account management tools, rewards programs, and cash back opportunities. Also, check to see if the APR is competitive and if an annual fee is required.

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