Top Student Cards Compared

The Best Student Credit Cards

I don't believe students should run up credit card debt. There's plenty of time to do that after they graduate.

However, student credit cards might have some use. If the bills go to and are paid by the parents, they can exert some control over their children's spending, while building up a credit history for them. And they can come in handy in an emergency.

However student loan debt continues to grow and it cannot be discharged in bankruptcy. Students have to use these cards sensibly or they will embark on their new careers with more debt than they can possibly handle.

It appears that lenders are getting out of this business, which is why the pickings are so meager. But this should also tell you something.

What to Look for in a Student Credit Card

A student credit card is just like any other consumer credit card. It is just sold to a different market and the rewards offered are intended to entice younger credit users.

First you need to look for low or no annual fees, at least a 25 day grace period and a low interest rate.

If possible, you want to stay away from cards that use "two-cycle" billing and the "universal default clause", but you'll have to read the fine print to determine if any specific lender does (and it appears more and more do).

Other than that compare the rewards that each card offers and pick the one that best appeals to you. Or check out Rewards Cards. You might find a better overall package there.

Best Student Credit Cards

Discover® Student Card

• Build your credit history
• 0% Interest* on Purchases for 6 Months
• No minimum income or cosigner required
• No Annual Fee
• Easy Online Account Management tools

Apply Now!

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