topic Re: Best student cards in Credit Cards

Best student cards

Anonymous — Sat, 22 Sep 2012 05:23:03 GMT

I previously asked about the best card for my son when he turns 18, i.e. a student card or a regular one. Since everyone thinks student, which is the best one? The discover one looks pretty bad... 0.25 percent rewards? The citi one and capital one card look nice, thoughts?

Re: Best student cards

Revelate — Sat, 22 Sep 2012 05:25:44 GMT

I'd have to toss BOFA in the ring with their 1-2-3 rewards package now on student cards.

I thought the Discover More student card was effectively the same rewards-wise as the mainline Discover More product just with typically lower limits?

Re: Best student cards

andre181 — Sat, 22 Sep 2012 05:30:21 GMT

As a college student who has (within the last 2 years) upgraded to all adult cards, I think the best student cards are:

Discover More Student (Its .25% for the first $3,000 of spending, and then 1%. And don't forget the quarterly 5% catagories)
Wells Fargo College Cash Back Visa (3% on gas, groceries, and drugstores for 6 months, then 1% cash back on everthing)
Citi Forward Student

Re: Best student cards

WarJar101 — Sat, 22 Sep 2012 06:02:32 GMT

Citi Forward Student is great. I got approved with no credt history/co-applicant. Read the threads concerning the card, you'll see the potential. Good luck.

Re: Best student cards

Anonymous — Sat, 22 Sep 2012 06:09:35 GMT

I also vote for Citi Forward. It has a great rewards program

Re: Best student cards

Anonymous — Sat, 22 Sep 2012 15:51:23 GMT

i added my son to my amex and walmart now and target and he has secured bofa yesterday he app for discover and citi forward both were approved

Re: Best student cards

jsucool76 — Sat, 22 Sep 2012 16:13:37 GMT

@Revelate wrote:
I'd have to toss BOFA in the ring with their 1-2-3 rewards package now on student cards.

I thought the Discover More student card was effectively the same rewards-wise as the mainline Discover More product just with typically lower limits?

It is, but I believe you don't earn 1% cash back on non-bonus items until you spend $3000 dollars. Up until then you only earn 0.25% CB.

I too would vote for the citi forward as the best student card, but the easiest to get approved for would be the cap1 journey.

Re: Best student cards

Anonymous — Sat, 22 Sep 2012 16:35:49 GMT

DIscover gave me a chance when noone else would as a student with no credit history and no cosigner. Not to say that people don't get student cards with "good" rewards but starting out as a student post card act this card is a starting point. Discover has grown with me and the 5% rotating categories are pretty decent. I'd look for something with a rewards structure that will make sense both while in school as well as for a year or two post graduation (since an autoloan or other financial thing may keep you from wanting to apply/getting approved for 'adult' cards immediately).

Re: Best student cards

Anonymous — Sat, 22 Sep 2012 17:01:19 GMT

I never thought I'd say this about bofa, but their cash rewards card for students possibly the best student card available, followed by citi student forward, and discover Student more.

I wouldn't recommend cap one, as the three above cards are likely to grow and eventually 'graduate' to adult cards with higher limits, whereas wih cap one you'd be stuck with the same card and same limit for a very long time (generally until you apply for a new card). Also cap one hps all three reports whereas the above issuers will generally hp one bureau.

Re: Best student cards

Anonymous — Sat, 22 Sep 2012 17:15:36 GMT

Is there a difference between the citi student forward and citi forward?

Re: Best student cards

jsucool76 — Sat, 22 Sep 2012 17:17:53 GMT

@Anonymous wrote:
Is there a difference between the citi student forward and citi forward?

Student forward is geared toward students (same rewards structure) just different underwriting criteria, may be easier to qualify for.

Re: Best student cards

Anonymous — Sat, 22 Sep 2012 23:52:40 GMT

@Anonymous wrote:
DIscover gave me a chance when noone else would as a student with no credit history and no cosigner. Not to say that people don't get student cards with "good" rewards but starting out as a student post card act this card is a starting point. Discover has grown with me and the 5% rotating categories are pretty decent. I'd look for something with a rewards structure that will make sense both while in school as well as for a year or two post graduation (since an autoloan or other financial thing may keep you from wanting to apply/getting approved for 'adult' cards immediately).

Discover and Cap One gave me a chance with no credit history.

Other cards I applied for and got denied were: Bofa, Chase, Citi, GE Chevron.

I don't recomend cap one but if noone else approved him, it's the way to go.

Re: Best student cards

jsucool76 — Sun, 23 Sep 2012 00:26:57 GMT

@Anonymous wrote:
@Anonymous wrote:
DIscover gave me a chance when noone else would as a student with no credit history and no cosigner. Not to say that people don't get student cards with "good" rewards but starting out as a student post card act this card is a starting point. Discover has grown with me and the 5% rotating categories are pretty decent. I'd look for something with a rewards structure that will make sense both while in school as well as for a year or two post graduation (since an autoloan or other financial thing may keep you from wanting to apply/getting approved for 'adult' cards immediately).
Discover and Cap One gave me a chance with no credit history.

Other cards I applied for and got denied were: Bofa, Chase, Citi, GE Chevron.

I don't recomend cap one but if noone else approved him, it's the way to go.

Yeah, cap1 gave me a card when no one else would (even though they had just denied me for their secured card a little bit earlier) and for that I'll always love them.

If your son happens to bank with wells fargo, they'll give their student card to ANYONE that banks with them. I literally opened a bank account that day (while working on a fraud alert for my cap1 card (they were the closest bank to me and cap1 said to go anywhere)) I put down a $100 min deposit into their student checking account, and the banker put my app through after I left and called me later and said I was approved for $600. It isn't the best card ever, you can only get your cash back when you get atleast $25, which is hard to get to with a $600 limit, but it still helps you build credit.

Re: Best student cards

Anonymous — Sun, 23 Sep 2012 00:57:05 GMT

I think it's a tie between the Citi Forward and Discover More student versions. Citi has better rewards categories (5x points on movies, restaraunts, bookstores (including Amazon)). But Discover has great cashback opportunities with their 5% quarterly bonuses, ShopDiscover, and the many bonuses they run through the year. Wells Fargo has a terrible rewards program, but it can help establish history if you have short/no credit history. I personally prefer Discover because I believe Citi's Thank You points program is devalued.