Looking for the best deals on student credit cards? This article will compare Bank of America’s Discover It(r), Capital One’s Student Rewards, Sallie Me's Accelerate and Bank of America’s Student Cash Back. In addition, you'll learn about Discover's 100% cashback match. A student credit card can be a smart investment, regardless of your financial situation. You'll be able to save money while you pay off the balance in the end and use the money toward travel.
Bank of America's Discoverit (r) Student Cash Back
Discover it(r), Students Cash Back credit cards offer a competitive cashback rewards rate. This card offers an introductory cash back match of up to 5% on purchases and offers a wide variety of bonus categories. To earn rewards, you will need to sign up for the different bonus categories which rotate each quarter. Rewards cannot be earned retroactively. A first-time cardholder can get a cash back match.
Discover it student cash back card offers higher cashback on purchases in bonus category. These categories are subject to change each quarter. Students who meet these criteria earn a $20 credit on their statement. However, these categories are subject to a $1,500 quarterly cap, so it is wise to spend within these limits. If you intend to keep your credit card for more than a year, $200 yearly bonus would be a great value.
Sallie Mae Accelerate
If you are a student and looking for a credit card that will help you pay off your student loans, consider the Sallie Mae Accelerate student credit cards. The card offers unlimited cashback of 1.25% on all purchases, and there is no limit on how much cash back you can get. You will also receive a 25% bonus for your first six months of card use. The card's best feature is its student-friendly design that allows you to make timely payments.
Sallie Mae has a number of helpful tools that can be used to help you manage your account. You can access your account using your smartphone. This allows you to pay your bills easily, check your statements and set up alerts. You can even stop your card by using the app. This credit cards also offers many other perks, making it the ideal credit card for students.
Capital One's Journey Student Reward Program
Capital One's journey Student Rewards Credit card: This card is perfect for anyone who is going abroad for the summer. No foreign transaction fees! You won't have to worry again about 3% foreign transaction fee! This is great news for students participating in exchange programs or traveling abroad. This allows you to travel to the United Kingdom and make purchases without worrying about paying fees.
The negatives: The annual percentage rate for the Capital One Journey Student Rewards is very high, and it's not the best card to use for balance transfers. If you intend to use the credit card only for purchases you will find the rewards not worth the high annual percent rate. It's worth the reward program and security that it offers, though, if it's your plan to use it as a travel credit card. However, there are also cards with lower annual percent rates. You should weigh all your options before you make a final decision.
Discover's 100% cashback match
Discover offers an unlimited 100% cashback match for student purchase the first year. You can also redeem the bonus for $20 in credit statements over the next five year. If you maintain good grades, you can earn an extra $20 statement credit each year. You'll also get 5% cashback in rotating categories, and 1% cashback on all purchases. This is quite an attractive deal, and you'll soon be seeing serious cash return to your account.
The Cashback Match is one of the most attractive features of the card. It will match any cash you earn in the first year. You will only have to make your first purchase within the cashback match period. After the match period expires, you won't be eligible for a cashback bonus. This is fantastic news for students living on a strict budget. Don't let this fool you into signing up to a card. Before you buy a lot of expensive items, it's worth trying out the service. In your first year, you may need furniture, lighting, and appliances.