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Find the best credit card for you

Take control of your financial future with these top 5 cards for recent college grads, recent college grads should consider one of these credit cards that offer the chance to build credit, earn cash back or benefit from a promotional interest-free period..

College graduation is anything but traditional this year thanks to the coronavirus pandemic. While it probably seems like much is out of your control right now — like future job prospects or renting a new apartment — there are certain financial milestones you can take to steer yourself in the direction you want.

Opening your first credit card is an important step on your journey to financial success and something you can do today. And if you already have a student card , now could be a good time to upgrade to a new card that's better suited for the needs of your post-grad life.

As a recent college graduate, you should aim to open a credit card with a low or no annual fee , especially if you don't have a job yet. Annual fee cards can be an unnecessary cost — and as your credit improves, there will be lots of time to enjoy a premium credit card one day. With this in mind, four out of the five cards we recommend below have no annual fee.

If you have no credit history or bad credit , you can start off with a secured card or a card that doesn't check your credit report . If you started building credit in college, you may have a fair , good  or excellent credit score that allows you to qualify for a cash-back card or interest-free offer .

Before you apply for any of the cards below,  check your credit score . This helps you narrow down the cards you may qualify for and makes the decision process a bit easier.

Now onto our list: Below, we review the best credit cards for college graduates, sorted by what credit score you need, so you can find the next card for your wallet.

Best credit cards for college graduates

• Best card for no credit: Petal® 2 "Cash Back, No Fees" Visa® Credit Card
• Best card for bad credit: Capital One Platinum Secured Credit Card (see rates and fees )
• Best card for fair and average credit: Capital One QuicksilverOne Cash Rewards Credit Card (see rates and fees )
• Best card for good credit: American Express Cash Magnet® Card
• Best card for excellent credit: Citi Double Cash® Card

Best card for no credit

Petal® 2 "cash back, no fees" visa® credit card.

• 1% cash back on eligible purchases right away and up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments; 2% to 10% cash back at select merchants

Welcome bonus

Regular apr.

18.24% - 32.24% variable

Balance transfer fee

Foreign transaction fee, credit needed.

Fair, Good, No Credit

Terms apply.

• No credit history required (if you do have a credit history, that does factor into the credit decision)
• No fees whatsoever
• Credit limits range from $300 to $10,000
• Card isn't for rebuilding credit, but it's good for building credit
• No special financing offers
• No welcome bonus
• Estimated rewards earned after 1 year: $249
• Estimated rewards earned after 5 years: $1,577

Who's this for? Recent grads who didn't have a credit card in college or who don't currently have any information on their credit reports need a card for people just starting out. Our first choice is the  Petal 2 "Cash Back, No Fees" Visa Credit Card , issued by WebBank.

The Petal 2 Visa Credit Card doesn't set credit requirements, so if you have no credit history you could qualify for this card over alternatives. During the application process, you may be asked to link bank accounts so the creditor can review your bank statements and other data, such as bill payments and earnings. If you have a history of paying your other bills on time, or if your bank account shows regular income, WebBank will consider this in your application.

But keep in mind, if you do have a credit history, it will factor into the credit decision.

Beyond a unique application process, the Petal 2 Visa Credit Card forgoes many common credit card fees . There are no annual fees, no late payment fees and no foreign transaction fees.

Plus, cardholders can earn 1% cash back on eligible purchases right away, which can increase up to 1.5% cash back after making 12 consecutive, on-time monthly payments. This is a great way to encourage timely payments, which is the most important factor of your credit score . Cardholders also receive 2% to 10% cash back from select merchants.

Check out the best credit cards for building credit .

Best card for bad credit

Capital one platinum secured credit card.

No current offer

N/A for purchases and balance transfers

30.74% variable

$0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you

No credit history

See rates and fees , terms apply.

Read our Capital One Platinum Secured Credit Card review.

• No annual fee
• $49, $99 or $200 refundable deposit
• No fee charged on purchases made outside the U.S.
• Flexibility to change your payment due date
• High variable APR
• No rewards program

Who's this for? If you have bad credit, the card options you have to choose from are typically limited. Your choices will likely include cards with annual fees and high interest rates or secured cards that require a deposit. A secured card, such as the Capital One Platinum Secured Credit Card (see rates and fees ), is a great way to rebuild credit and work up to an unsecured card.

The Capital One Platinum Secured Credit Card is unlike other secured cards that require a minimum $200 security deposit. Cardholders have the opportunity to qualify for a lower $49 or $99 deposit, based on your creditworthiness, and still receive a $200 credit limit. If you don't qualify, the minimum deposit is $200.

Capital One also automatically considers cardholders for a higher credit line in as little as 6 months with no additional deposit needed. This is a great incentive to maintain positive payment history.

Check out the best credit cards for bad credit .

Best card for fair and average credit

Capital one quicksilverone cash rewards credit card.

Unlimited 1.5% cash back on every purchase, up to 6 months of complimentary Uber One membership statement credits through 11/14/2024

Average, Fair, or Limited

• Unlimited 1.5% cash back on every purchase
• Redeem cash back at anytime and for any amount
• $39 annual fee

Who's this for?  Grads who started building credit late in college or are recovering from mistakes they made when they were younger may now have a fair/average credit score. If that's you, don't think rewards cards are out of reach. The Capital One QuicksilverOne Cash Rewards Credit Card (see rates and fees ) requires average credit and offers a decent 1.5% cash back on all purchases.

While this card has a $39 annual fee, you can offset it by spending $2,600 a year on your card (see our methodology below). This might be manageable if you work part-time or full-time.

The QuicksilverOne Card is a good choice if you plan to travel outside the U.S. since there are no foreign transaction fees (see rates and fees ) and it comes with travel accident insurance, auto rental collision damage waiver and 24-hour travel assistance services.

Check out the best credit cards for fair and average credit .

Best card for good credit

American express cash magnet® card.

Unlimited 1.5% cash back on all purchases

Earn a $200 statement credit after spending $2,000 in purchases within your first 6 months of card membership.

0% for the first 15 months on purchases from the date of account opening, N/A for balance transfers

19.24% - 29.99% variable

Excellent/Good

• 0% intro APR offer
• 2.7% fee on purchases outside the U.S.
• Cash back comes in the form of a statement credit (with a minimum redemption of $25)

Who's this for? If you have a good credit score and want to earn cash back while benefiting from special financing offers, the American Express Cash Magnet® Card is a great choice. It requires good to excellent credit and offers 1.5% cash back on all purchases.

Plus you can earn a $200 statement credit after you spend $2,000 in purchases in your first six months from account opening, which is a nice added perk if you can reasonably meet the requirements.

The Cash Magnet also offers a great introductory 0% APR on purchases for 15 months from the date of account opening (then 19.24% - 29.99% variable APR, see rates and fees ). This provides you with over a year to pay off new purchases.

Cardholders can also take advantage of discounts at select merchants via Amex Offers and  free two-day shipping from over 100 retailers with ShopRunner.

Check out the best credit cards for good credit .

Best card for excellent credit

Citi double cash® card.

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24

Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.

0% for the first 18 months on balance transfers; N/A for purchases

19.24% - 29.24% variable

For balance transfers completed within 4 months of account opening, an intro balance transfer fee of 3% of each transfer ($5 minimum) applies; after that, a balance transfer fee of 5% of each transfer ($5 minimum) applies

Fair/Good/Excellent

Read our Citi Double Cash® Card review.

• 2% cash back on all eligible purchases
• Simple cash-back program that doesn't require activation or spending caps
• One of the longest intro periods for balance transfers at 18 months
• 3% fee charged on purchases made outside the U.S.
• Estimated rewards earned after 1 year:  $443
• Estimated rewards earned after 5 years: $2,213

Who's this for? If you worked hard on building your credit in college and graduated with an excellent credit score, you may qualify for some of the best cards. The Citi Double Cash® Card is our top choice for a no-annual-fee cash-back card with a simple, yet competitive rewards program.

Cardholders earn 2% cash back on all purchases — 1% when you make a purchase and an additional 1% when you pay your credit card bill. This is one of the highest flat-rate rewards programs available and lets you earn without having to keep track of bonus categories or activation.

In addition to rewards, cardholders receive free two-day shipping at select online retailers with ShopRunner, just like the Amex Cash Magnet Card mentioned above.

This card also provides one of the longest 0% APR periods for balance transfers at 18 months (after 19.24% - 29.24% variable APR). This can be helpful if you need to transfer debt from another non-Citi card. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

Check out the best credit cards for excellent credit .

Our methodology

To determine which credit cards offer the best value, CNBC Select analyzed popular credit cards available in the U.S. We compared each card on a range of features, including rewards, welcome bonus, introductory and standard APR, balance transfer fee and foreign transaction fees, as well as factors such as required credit and customer reviews when available. We also considered additional perks, the application process and how easy it is for the consumer to redeem points.

CNBC Select teamed up with location intelligence firm Esri . The company's data development team provided the most up-to-date and comprehensive consumer spending data based on the 2019 Consumer Expenditure Surveys from the Bureau of Labor Statistics. You can read more about their methodology here .

Esri's data team created a sample annual budget of approximately $22,126 in retail spending. The budget includes six main categories: groceries ($5,174), gas ($2,218), dining out ($3,675), travel ($2,244), utilities ($4,862) and general purchases ($3,953). General purchases include items such as housekeeping supplies, clothing, personal care products, prescription drugs and vitamins, and other vehicle expenses.

CNBC Select used this budget to estimate how much the average consumer would save over the course of a year, two years and five years, assuming they would attempt to maximize their rewards potential by earning all welcome bonuses offered and using the card for all applicable purchases. All rewards total estimations are net the annual fee.

While the five-year estimates we've included are derived from a budget similar to the average American's spending, you may earn a higher or lower return depending on your shopping habits.

Don't miss:  What to do if you have no credit after college

For rates and fees of the American Express Cash Magnet® Card, click here .

Information about the American Express Cash Magnet® Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

Petal 2 Visa Credit Card issued by WebBank.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

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Best Credit Cards for Graduate Students

While over a third of Americans have a four-year degree, less than 15% of those over 25 ever receive their master’s or doctoral degree. Just by being a graduate student, you’ve already placed yourself in an elite group. But being a graduate student might not actually feel so elite. Grad students are known for working hard and studying incredibly long hours, while scraping by on a shoestring budget.

When it comes to choosing a credit card, graduate students need to find simple cards that offer outstanding value while they finish their studies. And since nearly all graduate students are at least 21 years old, they don’t have to worry about any of the restrictions imposed on other young adult students that are 18-21.

Student Credit Cards

There is a class of credit cards specifically designed for students, which can make sense for some graduate students. These cards have have less stringent requirements for approval, but will also have less competitive terms. If you are a graduate student without much experience using credit cards, then this is a great way to build your credit history.

Discover it® Student Cash Back. This card offers grad students both rewards and customer friendly policies. You get 5% cash back rewards on up to $1,500 spent each quarter on purchases from featured categories of merchants that can change each quarter - 1% cash back is earned on all other purchases. And after one year, Discover® will match ALL the cash back you've earned at the end of the year, automatically.

This card also offers you $20 cash back for each school year that your GPA is a 3.0 or higher, for the next 5 years. Other benefits include purchase protection, extended product warranty, and price protection. There’s no annual fee for this card, and no foreign transaction fees. Also, Discover® will automatically waive your first late payment fee, and there’s no penalty interest rate.

Journey Student Rewards from Capital One. (Offer No Longer Available) This card also offers graduate students cash back rewards, while sparing them some of the fees found on other cards. You receive 1% cash back on all purchases, and Capital One increases it to 1.25% when you make your payments on time. This card offers most new applicants a modest line of credit at first, but will give you access to a higher line of credit if you make your first five payments on time.

Benefits include fraud coverage and emergency card services. There’s no annual fee for this card, and no foreign transaction fees.

*Information for this card not reviewed by or provided by Capital One

Other Great Credit Cards For Grad Students

Blue Cash Everyday® Card from American Express. This card offers grad students cash back where they need it most. It features 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). Earn 3% Cash Back at U.S. gas stations, (on up to $6,000 per year, then 1%). Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout. There’s no annual fee for this card. Terms Apply.

Citi® Double Cash Card For grad students who want the simplest way to earn cash back, the Citi® Double Cash Card comes through. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. It also includes 18 months of interest free financing on new balance transfers. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5). There’s no annual fee for this card and to earn cash back, pay at least the minimum due on time.

*This content is not provided by the issuer. Any opinions expressed are those of the CreditSoup alone, and have not been reviewed, approved or otherwise endorsed by the issuer

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Editorial Disclaimer: Information in these articles is brought to you by CreditSoup. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles. The information is accurate to the best of our knowledge when posted; however, all credit card information is presented without warranty. Please check the issuer’s website for the most current information.

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Editor’s Rating

Our editors review each credit card and provide our ratings based on the features the credit card offers consumers including the fees, interest rates, benefits, rewards, and how it compares to other credit cards in its category. Card ratings may vary by category as the same card may receive a different rating based on that category. CreditSoup.com may be compensated by companies mentioned on our site when a consumer’s application is accepted or approved by the company.

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Best credit cards for college graduates

College graduates don't always know where to start when looking to establish strong credit and avoid debt, but this guide will help them on their way

Published: June 9, 2023

Author: Ana Staples

Editor: Kaitlyn Tang

How we Choose

Just graduated from college? This guide offers options to help you build a good credit score and avoid debt.

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards , or use our CardMatch™ tool to find cards matched to your needs.

Just finished school? Congrats! It wasn’t always easy, but you made it. As you get started on your credit journey, here are some of the best credit cards for college graduates, whether you’re starting a new job or are gearing up for more in grad school.

It is worth noting that, since the CARD Act went into effect in 2010, it has become difficult to get a credit card before turning 21. While it’s technically possible to get a credit card in your own name as long as you’re at least 18 years old and have proof of income, lenders are much stricter now.

New high school grads who aren’t yet 18 and have no income should go for a secured credit card or become an authorized user on a parent’s (or any trustworthy adult’s) credit card. This can jump-start credit history and teach valuable lessons in good credit habits.

New college graduates, on the other hand, have more options because many are at least 21. For those with no credit history , opting for a student credit card can help establish healthy credit habits and steadily increase credit scores. New college graduates with some credit history will benefit from even more options.

Whichever credit history pool you fall into, check out our picks for the best credit cards for college graduates to narrow down the possible choices.

Petal 2 ‘Cash Back, No Fees’ Visa Credit Card: Best for limited credit

Why we picked it : Perhaps you don’t have a credit score or it’s still relatively low because your credit profile is slim. In that case, we recommend the Petal® 2 "Cash Back, No Fees" Visa® Credit Card . The Petal 2 Credit Card offers a rewards structure that incentivizes responsible card usage, which can train you to become a responsible cardholder.

To start, the card earns 1 percent cash back on eligible purchases. This rate will increase to 1.25 percent cash back on eligible purchases after you make six monthly payments on time, then again to 1.5 percent on eligible purchases after 12 on-time, monthly payments.

• Petal uses an algorithm to analyze income and payment history when deciding whether to approve applicants with no credit history
• Up to 1.5 percent cash back on eligible purchases
• No fees, including no annual fee, no foreign transaction fees , no penalty APR and more
• Up to $10,000 credit limit
• High regular APR of 18.24 percent to 32.24 percent variable
• Unsecured credit card could foster bad credit habits

Who should apply : Students or new grads who have no credit history or a lower score should consider this card. It’s also a great first unsecured credit card for someone who spends modestly but would like to earn some rewards.

Who should skip : Anyone with a fair credit score could qualify for a card with better rewards and more perks. Those who still need to build good credit habits should opt for a secured card instead.

Discover it® Secured Credit Card: Best secured card

Why we picked it : Secured cards that offer rewards aren’t that common, but recently, more products of this type have been coming to the market. One such product is the Discover it® Secured Credit Card , which has long been one of the best secured credit cards out there. With the Discover it Secured Card in your wallet, you can earn 2 percent cash back at gas stations and restaurants (up to $1,000 in combined purchases per quarter, then 1 percent) and 1 percent cash back on other purchases.

After the first seven months, Discover will review your account monthly to determine whether you qualify for graduation to an unsecured card . If you do upgrade, you will get your deposit back.

• Discover will match all the cash back you earn at the end of the first year
• Earns cash back rewards even as a secured card
• No annual fee , foreign transaction fees or penalty APR
• $200 minimum security deposit
• High APR at 28.24 percent variable
• Cash back on 2 percent categories capped at $1,000 per quarter
• Initial credit limit is capped at $2,500

Who should apply : Cardholders with absolutely no experience with credit cards should start with a secured card to build positive payment habits, such as paying off their bills in full, on time and every month.

Who should skip : Young people who already have some experience with credit and prefer higher credit limits to bring down their credit utilization ratio  should consider a different card.

Capital One SavorOne Student Cash Rewards Credit Card: Best student card

Why we picked it : The Capital One SavorOne Student Cash Rewards Credit Card is perfect for anyone continuing their education as a graduate student. Like other student cards, it has more relaxed approval requirements and generally accepts those with no credit. This card is best for people continuing their education because it will ask for proof of enrollment in an educational institution.

Its main attraction is its generous rewards structure which provides 3 percent cash back on dining, entertainment, popular streaming services and grocery store purchases (excludes superstores such as Target and Walmart) and 1 percent cash back on other purchases. The Capital One SavorOne can also serve as a travel card, thanks to its 5 percent cash back on hotel and rental car bookings through Capital One Travel , and is a decent entertainment card, earning 8 percent cash back on tickets purchased in the Capital One Entertainment portal.

• Unlimited 3 percent cash back on everyday categories perfect for students
• $50 cash bonus if you spend $100 within three months of account opening
• No foreign transaction fees, penalty APR or annual fee
• Flexible cash back redemption options
• APR at 19.99 percent to 29.99 percent variable
• Grocery store category excludes superstores such as Target and Walmart

Who should apply : Grad students with some credit experience but not enough to have good or higher credit scores should apply. The Capital One SavorOne is also great for those wanting to earn solid cash back on everyday spending without having to pay attention to rotating categories .

Who should skip : New grads with no credit history and those who may be tempted to overspend due to the card’s rewards should avoid this card.

Capital One QuicksilverOne Cash Rewards Credit Card: Best for fair credit

Why we picked it : Young adults with fair credit should check out the Capital One QuicksilverOne Cash Rewards Credit Card . This card offers unlimited 1.5 percent cash back on all purchases and 5 percent cash back on hotels and rental cars booked via Capital One Travel. This simple rewards structure is great for those just starting their credit card journey. Capital One will also consider you for a credit limit increase after the first six months of on-time payments.

The only caveat is the card’s $39 annual fee, which could eat into your cash back rewards. Still, if you put most, or all, of your spending on the Capital One QuicksilverOne , your rewards could eclipse that annual fee.

• Unlimited cash back
• Automatic review for a higher credit limit after six months of timely payments
• Access and monitor your credit score with CreditWise
• $39 annual fee
• High APR at 30.74 percent variable

Who should apply : Anyone with fair credit or who needs to improve their credit and doesn’t have the time to pay too much attention to rewards.

Who should skip : Those with good or higher credit scores could earn more rewards per dollar with a different card. If you have poor credit, you shouldn’t apply either. The hard pull will only hurt your score, and your chances of approval are slim.

Chase Freedom Unlimited: Best starter travel card

Why we picked it : New grads usually have two goals on their minds: earning money and paying off student debt. However, those who graduated not only with a degree but also with a good credit score may think about getting a travel credit card . In that case, the Chase Freedom Unlimited* is a great card.

The Chase Freedom Unlimited earns 5 percent cash back on Chase Ultimate Rewards travel, 5 percent cash back on Lyft purchases (through March 2025), 3 percent cash back on dining and drugstore purchases and 1.5 percent cash back on all other purchases. It also has a sign-up bonus of $200 after you spend $500 on purchases in the first 3 months from account opening.

• No annual fee
• Unlimited cash back fulfilled as Chase Ultimate Rewards points
• Numerous redemption options, including travel through the Chase Ultimate Rewards portal
• Multiple travel perks, such as trip cancellation and interruption insurance
• 3 percent foreign transaction fees

Who should apply : Young, working adults with good credit should apply for this card. The Chase Freedom Unlimited is perfect for people looking for a gateway into Chase Ultimate Rewards without paying an annual fee.

Who should skip : If you’re still struggling to establish healthy credit habits, you should go for a different card.

Comparing the best credit cards for college graduates

Unsecured or secured? Cash back or points? To young adults who’ve never had a credit card, all the options can feel overwhelming. See how all our recommended cards compete in the table below.

How to choose a credit card as a college graduate

Before we talk about picking a card , it’s crucial to highlight the importance of paying your credit card bills in full and on time. With the average credit card interest rate north of 20 percent (at the time of writing), it’s more expensive than ever to carry a balance.

Many young adults shy away from credit cards for this reason. They generally prefer debit cards and often use “ buy now pay later ” services such as Affirm and Afterpay when needing a little more time to pay off a purchase (hopefully without interest). However, credit cards offer better buyer protection, and there’s tremendous rewards potential.

Before applying for one of the above credit cards, ask yourself the following questions so that your credit card matches your current lifestyle.

• What is your credit score ? Some students may be authorized users and not even know. Some have no credit history at all and don’t know how to start. The first step is to find out what your credit score is with a credit card issuer that offers free credit scores . You should also check your credit report at AnnualCreditReport.com .
• Should you get an unsecured card ? For students with no credit history, we encourage you to choose a secured credit card to establish healthy credit habits and to get used to paying bills on time and in full. As for young cardholders who already have experience with credit, you should choose a card targeted toward your credit score range.
• Cash back or points ? Most cards for poor or fair scores offer either no rewards or only cash back. If your score falls in those ranges, there’s no shame in going for one of those cards. However, if you have a good score and want to explore travel rewards, you should opt for points.
• Is the annual fee worth it ? For those new to credit, an annual fee can be difficult to fit into your budget. However, if the rewards are generous enough, sometimes the annual fee is worth the initial expense . Calculate how many rewards you’d earn in a year, based on the card’s rewards structure and your estimated yearly expenditure. If you can easily recoup the annual fee, then the card is worth adding to your wallet.

Bottom line

You won’t get rich off the rewards on most of these cards, but that’s not the point. When you’re new to credit, it’s all about establishing a strong track record of on-time payments while avoiding too much debt. Even if you just put an occasional small purchase on the card and pay it off right away, you’re making progress toward a good credit score, which will serve you well in the future.

The best card for you is one that earns you rewards in categories that you already spend in and doesn’t tempt you into overspending. If you stay focused on staying within your budget and paying off your purchases in full and on time, you will set your financial health up for success.

*Information about the Chase Freedom Unlimited has been collected independently by CreditCards.com. The issuer did not provide the details, nor is it responsible for their accuracy.

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The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

Ana Staples is a staff reporter and young credit expert reporter for CreditCards.com and covers product news and credit advice. She loves sharing financial expertise with her reader and believes that the right financial advice at the right time can make a real difference. In her free time, Anastasiia writes romance stories and plans a trip to the French Riviera she'll take one day—when she has enough points, that is.

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Best Credit Cards for Students: Top Picks for 2024

• Credit Cards

Are you a student or a parent looking for a first credit card to use while in college?

Credit card issuers actually love marketing “student credit cards” as a way to build a long-term relationship with a young person. So there are options beyond the traditional “secured” cards that typically require a deposit to build or repair credit.

“Most of the big card issuers have student credit cards,” money expert Clark Howard says. “That’s because, over time, college students prove to be the most profitable credit card customers.”

Team Clark has sorted through the student credit card market and sought the expertise of money expert Clark Howard and Clark’s Consumer Action Center lead Lori Silverman to help you find the right student credit card and use it properly in your life.

This article was updated in July 2023 and I review it every six months. Detailed notes on all updates can be found here .

Table of Contents

Top credit cards for college students, what you need to know about student credit cards, clark’s advice for using a student credit card, clark’s advice for parents of college students.

Note: Though our analysis of the best available cards is featured first in this story, many you may benefit from reading the other sections of this article first to gather more information and advice before making a decision on a particular card.

Team Clark spent hours reviewing the market for these cards, and we put them under the scrutiny of the guidelines for usage set by money expert Clark Howard . When curating the list, we considered factors such as annual fees, card features and each card’s path to traditional lending.

Discover it Student Cash Back

• Annual Fee: $0
• Rewards: There is one rotating 5% cash back spending category each quarter with all other purchases qualifying for 1% cash back. And there’s an unlimited cash back match bonus after the first year of card membership. So if you earn $100 in cash back with your spending, Discover will give you another $100 as a match bonus.
• Features: This card gives a $20 annual statement credit if your GPA is 3.0 or higher. You can use your cash back rewards instantly on platforms like PayPal or Amazon, or you could opt for statement credits to pay for your bill.

Why This Card Made Our List

This student credit card mimicks the benefits of Discover’s flagship credit card that made our list for best rewards credit cards thanks to a rotating 5% rewards structure and a generous welcome bonus that doubles the amount of cash back you’ve earned in your first year of spending.

Team Clark’s Lori Silverman says her college-aged kids have successfully applied for this card and are happy with the results. Clark says that Discover has some of the best student card offerings as a strategy to develop lifelong customers:

“One of the most aggressive players in college student cards is Discover,” Clark says. “Discover very heavily markets to new college freshmen and sends them things about their student cards. It is a great gateway to establish credit. And if you think about it, most adults don’t carry Discover cards. So Discover has looked at the student market as a way to get in with people they think in the future will be pretty affluent.”

Capital One Quicksilver Student Cash Rewards Credit Card

• Rewards: Unlimited 1.5% cash back on all purchases.
• Features: No foreign transaction fees when spending outside the U.S. You’ll also get access to Capital One’s extended warranty on select purchases, travel accident insurance and complimentary concierege service.

This card is very similar to the Quicksilver offered to non-students, as it includes most of the perks that a person with established credit history would get from Capital One.

We like it as a starter card because it gives you a set rate of 1.5% cash back on every purchase you make, which is close to the 2% back that we recommend credit card consumers seek for their everyday spender.

Bank of America Unlimited Cash Rewards for Students

• Rewards: Unlimited 1.5% cash back on all purchases. You can also earn a $200 welcome bonus after making at least $1,000 in purchases in the first 90 days of your account opening.
• Features: 0% APR for 18 months on new purchases and balance transfers (must be transferred within the first 60 days; subject to a 3% transfer fee). Afterwards, the variable APR will be 17.99% to 27.99%, based on creditworthiness.

This card is one of the best all-around student credit cards on the market. It offers a solid return of cash back, a good welcome bonus and a 18-month 0% APR period.

If you’re comfortable banking with Bank of America, you might value this card above the other two we have ranked higher on the list. However, Clark is not a fan of Bank of America in light of its track record for levying fees for simple banking practices that can be found for free elsewhere. And since this is about a student establishing a long-term relationship with a card issuer as a part of building credit, we want you to be aware that you might be better served by an online bank or local credit union for many of your banking needs.

Other Student Credit Cards To Consider

If one of our top choices doesn’t fit your needs, there are some other student credit cards available that can help you achieve your goals. However, make sure that the one you choose makes it easy to avoid fees and tracks the progress you’re making with your credit score.

Here are a few cards that just missed our Top 3 that you may want to consider:

• Discover it Student Chrome : This card offers 2% cash back on gas and restaurant purchases. It offers many of the perks we like about the Discover it Student Cash Back including the first year cash back match.
• card_name : You can earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), 5 % Cash Back on hotels and rental cars booked through Capital One Travel (terms apply). 8 % Cash Back on Capital One Entertainment purchases and 1 % Cash Back on all other purchases.

It may seem odd that there’s a group of credit cards specifically tailored for college students since most of them have limited credit history and income resources. But Clark says that this is a group that card issuers really want.

That’s because college graduates are statistically a good long-term bet as potential high-earners who may develop into 40 or 50-year customers for the card issuer who reaches them first.

Clark says card issuers have an incentive to make this work even with customers with limited credit history. They know college students will run balances and that parents are more likely to help pay bills.

“The credit card companies are generally pretty lenient when it comes to issuing cards to people who are enrolled as full-time college students,” Clark says. “It’s in the ‘life’s not fair’ department that someone who doesn’t go to college doesn’t have that advantage, and the same is true for someone who doesn’t apply for one until after they graduate college. It’s a special leg up for people who are enrolled in college full-time.”

Here are some things to consider about student credit cards:

• They’ll Help You Build Credit: These cards are designed for the traditional college student who rolls straight out of high school and has a very limited credit history. And while it may be tempting to avoid putting a credit card in the hands of an 18 or 19 year old, Clark says there are advantages to responsibly establishing a credit existence prior to graduation. It can help get the “yes” you need when it comes time to do “adult” things like rent your first apartment or finance a vehicle.
• You May Not Need A Job to Get One: In fact, Team Clark’s Lori says that one of her kids got a student credit cards without employment. Of course, you’re still going to owe your bill each month whether they approve you without a job or not. So this may be a situation where parents take the lead on learning how to pay a bill each month. Lori developed an individualized plan for each of her kids.
• Not Everyone Can Get Approved: While the above makes it sound like card issuers are pretty liberal in their acceptance of applicants, you may find that you fall out of their parameters for a student card for various reasons. Some require that you be a full-time student, for example. Alternatives for people who cannot get a student credit card are either a starter program at a credit union or one of the secured credit cards on our list .
• They Sometimes Have More Liberal Lending Policies: Clark says the credit card companies know what they’re signing up for when they lend money to a bunch of young adults, so some issuers have developed more lenient policies on things like late or missed payments than you’d see with a typical credit card. Of course, you’ll want to read the fine print on the card so you know its fee policy before applying.

Clark believes that the responsible use of a student credit card can help young adults establish credit which can make post-graduation life easier when they apply to rent an apartment or get a car loan.

But he says you should approach the use of your student credit card cautiously and strategically because things can spiral out of control really quickly if you use the card to spend money you don’t actually have.

“College students tend to charge too much and pay too much interest. And instead of helping a credit score build, they can actually hurt a credit score by using too much of their available credit,” Clark says.

Clark’s “rules of the road” for new credit are even more rigid for new users than existing users:

• Charge a very small percentage of your available credit . Clark says you should never use more than 30% of your credit line. That can be a smaller number than you think, because students usually start with a credit line of $500, $600 or $1000. “This is going to sound crazy, but I never want you to have a closing statement balance of more than $150 on one of those $500 credit limit cards,” Clark says. “You’ve got to keep your usage ratio below 30%. And if you follow that ratio rule, you’ll help keep yourself out of trouble.”
• Avoid paying interest. “As long as you only charge on that card what you can afford to pay when that bill comes in, you’ll never have to pay interest,” Clark says.
• Use the card as a payment method only, not as “the bank.” “I want you to build that lifelong habit of using credit cards as a payment system instead of a borrowing vehicle,” Clark says. “Do that with your very first card for your very first month, and it’ll be a habit that builds over time.”
• Look to upgrade the card after your college days are done. Clark says it is fine to stick with a student card for the duration of your college experience as long as the card has no annual fee and a grace period. “Now, when you graduate, the very issuer of that card may make available to you some type of rewards card,” Clark says. “So when you graduate, you could also graduate into a card that’s going to give you a better rewards program. Once you’re out of school and in a career-type of job and you’ve developed the good habits I’ve talked about, that’s when you want to look at rewards cards as an option.”

If you’re a parent or guardian who is trying to help your young adult get a first credit card, Clark has some advice for you as well.

“A parent has got to know their kid. You can’t be oblivious to what is going on with what you’re kids are doing with credit, Clark says. “They need your guidance, and sometimes they will also need your oversight on how you handle a card. It’s just part of the maturity process, and kids handle money differently.

“All three of my kids are completely different in how they handle money. You have to know your child as you walk them through this process.”

Team Clark’s Lori used different methods with her three kids as they went to college. Her oldest kid had trouble getting a credit card because she didn’t use a student credit card while in college, so she ended up getting a store charge card as her way to build credit.

Lori learned from that experience and helped her other two children be more proactive by applying for Discover student cards while in school.

But even that took a unique approach for each child. One child figured out the process quickly and handles payments on their own. Meanwhile, she is much more hands-on with her third child. But for her third child, Lori monitors the card and makes the payments each month.

Clark’s Advice for Student Card Alternatives

If your child cannot get approved for a student credit card or you don’t think that’s the right move for them, Clark says there are some alternatives to building credit safely while they’re at school.

“A lot of credit unions offer what’s called a ‘youth starter program,'” Clark says. “And it’s really a modified version of a secured card geared toward a college student.”

Clark says this typically requires that you post a deposit and show that your student can pay bills on time, usually for a year or so before your student can “graduate” to a normal student credit card. It’s a common gateway for credit unions, who look at college students as a potential for affluent, lifetime members.

Have you or someone you know enjoyed success with a student credit card? We’d love to hear about your experience in the Clark.com community .

• July 2023: Replaced Chase Freedom® Student credit card with Chase Freedom Rise SM Credit Card as our Chase recommendation under “Other Student Credit Cards To Consider.”

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Best Credit Cards for Students of April 2024

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Best Student Credit Cards of April 2024

• Discover it® Student Cash Back : Best feature: Student rewards.
• Discover it® Student Chrome : Best feature: Rewards for students.
• Capital One Quicksilver Student Cash Rewards Credit Card : Best feature: Rewards for students.
• Capital One SavorOne Student Cash Rewards Credit Card : Best feature: Rewards for students.
• Bank of America® Travel Rewards Credit Card for Students : Best feature: Travel rewards for students.

If you're a student, make 2024 the year you start building credit. Many student credit cards come with rewards and welcome offers. Use your student card responsibly, which means paying your balance in full by the due date every month, and you'll be on your way to a good credit score.

U.S. News' Best Student Cards of 2024

See all of our credit cards here .

On This Page

• Best Student Credit Cards

What Is a Student Credit Card?

Commonly compared student credit cards :, popular categories:.

Discover it® Student Chrome

Discover it® Student Cash Back

Cash Back Credit Cards

Credit Cards With No Annual Fee

Credit Cards With Sign-up Bonuses

A student card is designed specifically for those who are in college or grad school. Credit card issuers understand that young adults may have a limited credit history, so these cards are easier to get. A student credit card is a good way to build credit before you graduate.

Student cards usually have smaller credit limits because they're designed for those who have little credit. Many of these cards have rewards, so you can save money on specific categories, such as gas or groceries.

But before you apply for a student credit card, make sure you're ready for the responsibility. Cards are a great way to build credit, but if you don't use them the right way, you can end up in credit card debt.

How to Use Credit Cards Responsibly

I've always believed that college is a great time to build credit, but only if you use your student card responsibly. This means you must follow my No. 1 credit card rule: Always pay your balance in full and by the due date.

I'm going to confess something to you. As soon as I graduated from college, I got into credit card debt because I didn't understand what "responsible use" meant. To me, a credit limit was a mere suggestion, not a rule I was supposed to follow.

I spent two years clawing my way out of credit card debt. I started using a budget and tracked my expenses. Ever since then, I've been passionate about financial literacy, especially when it comes to credit cards.

So set yourself up for credit success by never carrying a balance. When you graduate, you're likely to have student debt to pay off. The last thing you need is to have credit card debt, too. To stay out of credit card debt, create a budget while you're in college and track your expenses. Set up payment reminders via email or text messages so you never miss a payment. Do this and you'll build a solid credit history and develop a good credit score.

Seek a credit card that offers prequalification, and don't apply for more than one card at a time . Each credit card application results in a hard credit inquiry, which can take off up to five points off your score.

If you're under 21, you'll need to show proof that you have enough income to cover any debt you incur. You also must be enrolled in college or grad school to qualify for a student credit card.

Pros and Cons of Having a Student Credit Card

You can learn good credit habits and graduate with some positive credit history, which could allow you to rent an apartment and make major life purchases.

Issuers may offer miles, points or cash back rewards for every dollar you spend to enhance the value of your card and encourage you to use it.

Many credit card companies offer zero liability protection if your credit card or card number is lost or stolen and will not hold you responsible for any unauthorized charges.

Student cards come with lower limits than regular cards because users have no history showing they can use credit responsibly.

Rates are usually higher than on other types of cards because students have little to no credit history.

Some student credit cards earn cash back or other rewards – but often at a lower rate than regular cards.

If you blow your budget and stop making your credit card payments, you will hurt your credit score and owe late fees.

How Can You Compare Student Credit Cards?

Consider these questions as you compare student credit cards to help you choose the right one.

• Does the card provide your must-have features? Look for a student credit card that charges no annual fee and reports to the three major credit bureaus . Check for no foreign transaction fees if you plan to travel or study abroad.
• What are the rates and fees? These vary by credit card issuer, so you must take time to read the fine print. Look at the annual percentage rates, and check for annual fees, foreign transaction fees and other fees that might be hidden in the disclosure statements.
• Do you have a chance to earn rewards or a sign-up bonus? Rewards can be an incentive to use your student credit card responsibly. Just make sure you can earn rewards for routine spending, such as gas, grocery and restaurant purchases. Otherwise, look for a card that offers a flat rate on all purchases.
• Does the card require a security deposit? If you don't get approved for a student card, another option is a secured credit card. These cards require security deposits, but if you use the card responsibly, it's a good way to build credit.
• What happens to the card when you graduate? Some issuers will transfer your student account to a standard card, and others will require you to apply for another credit card.

Why Is Building Credit Important for College Students?

• Good credit can help students land jobs. An employer may want to check your credit when you apply for a job but will need your written permission. Your credit report can give the employer an idea of how you handle responsibilities. What employers can access varies by state, but they won't be able to see your credit score. Some states have prohibited employers from using credit reports in the hiring process.
• Credit can affect auto insurance rates. In some states, your credit score is one of a number of factors auto insurers may consider when issuing and pricing policies. A good credit rating can drive down car insurance costs.
• Good credit can make renting an apartment easier for students. Your credit score depicts your creditworthiness, and the higher the score, the better you look to a landlord. That is especially true in a competitive rental market. You may also get the benefit of paying a lower security deposit. A FICO score of 670 , which falls in the good range, can be helpful to rent an apartment, but keep in mind that cutoffs vary. The landlord may take a closer look at your credit details if your score is in the mid-600s or lower, according to myFICO, the consumer division of credit analytics firm FICO.
• Good credit is necessary for financing a home or car. A good credit history can help you qualify for a mortgage or car loan with a favorable interest rate. The higher your credit score, the more affordable your monthly payment could be. Even a difference of 20 points between credit scores can add up to thousands of dollars in savings over the life of a loan.

Can Students Get a Credit Card With No Credit?

Some student credit cards are marketed to those who are new to credit. But if you're still having trouble getting approved, you are not out of luck. You could ask a parent, a family member or a trusted friend to add you to an account as an authorized user, or consider applying for:

• Student credit cards.
• Secured credit cards .
• Retail credit cards .
• Alternative credit cards .

What Types of Student Credit Cards Are Available?

Rewards cards for students, u.s. news survey: nearly half of college students already carrying credit card debt.

According to an August 2023 U.S. News survey of undergraduate college students , 42.1% are carrying credit card debt. And more than a quarter of respondents, about 28%, say their debt is $2,000 or more. On the plus side, though, the amount of respondents carrying credit card debt declined by about 9% from the year before. However, some students still don't know basics about credit and credit cards. More than 18% didn't know they were required to make monthly payments on their credit cards. Only a bit over a quarter, 26.6%, could define a credit utilization ratio as what percentage of available credit you're using.

U.S. News Survey Methodology

• U.S. News ran a nationwide survey of 1,200 respondents through PureSpectrum between Aug. 11 and 16, 2023. Only current undergraduate college students answered questions.
• The survey sample drew from the general American population, and the survey was configured to be representative of this sample.
• The survey asked 15 questions relating to student credit cards and credit card knowledge.

Best Student Credit Cards Methodology

U.S. News has been providing advice to students for more than 30 years. To determine the best cards for students, our Best Student Credit Cards rankings factor in overall satisfaction data, rewards earning rates, annual fees, APRs and the length of introductory APRs. The satisfaction data is based on an annual nationwide survey. On our list of the Best Credit Cards for Students, you will only find no-fee or low-fee cards that students are likely to qualify for. The cards we recommend are for all types of students, but remember each situation is different. Make sure you understand what to expect from the credit card you select.

Alternatives to Getting a Student Credit Card

If you can't qualify for a student credit card or you're uncertain that you are ready for one, you could try one of these alternatives:

Obtain authorized user status. Ask a creditworthy parent, spouse or friend to add you to a credit card as an authorized user, which means you can use the card but are not liable for payments. The primary cardholder is expected to pay the bill, regardless of who does the spending. As long as the card issuer reports account activity to the credit bureaus and the cardholder makes payments on time and keeps balances low, this arrangement can help your credit. Late payments or high balances can drag down both of your credit scores.

Apply for a secured credit card. A secured credit card requires a security deposit to establish the account. The security deposit reduces risk for the card issuer, which can use the deposit to pay your balance if you default on it. Your credit limit is typically the size of the deposit you make to open the account, and the deposit is usually refundable if you pay as agreed. You can use a secured card to build or rebuild credit and then graduate to a better card.

Student Credit Cards FAQs

College student credit cards, unlike traditional cards, are designed for students with little to no credit history. A student card used responsibly can help you build credit and even score some perks.

You may be able to prequalify for a student credit card but will need to check with the issuing bank. The issuer's website often allows you to find out whether you prequalify for a card, with no harm to your credit score.

Prequalification saves you from applying for a bunch of credit cards that are out of your league. Each hard inquiry from a credit application could lower your score, although the effect diminishes after a year.

At the same time, prequalification is not a guarantee of approval. Being prequalified only means you have the baseline credit score and credit history that the issuer requires. You still have to fill out an application and hope for the best.

A job might help you secure a student credit card. If you're under 21, you will need proof of income – whether that's from a job, an allowance or something else – or a co-signer.

When you graduate, your student credit card should as well. Do not cancel your credit card, which could reduce the length of your credit history and hurt your credit. How long you've been using credit makes up 15% of your FICO credit score.

You could also ask for a transfer to a product better suited to your needs, which would move your account history to a new card rather than closing the old student credit card.

If you are 18, you can apply for a credit card in your own name if you can show proof that you earn an independent income or have a co-signer. But many issuers do not allow co-signers, and those that do will expect co-signers to have good credit.

Comparative assessments and other editorial opinions are those of U.S. News and have not been previously reviewed, approved or endorsed by any other entities, such as banks, credit card issuers or travel companies. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired.

Beverly Harzog , Credit Card Expert

Beverly Harzog  is a nationally recognized personal finance and credit card expert for U.S. News & World Report. She’s the bestselling and award-winning author of five personal finance books. Harzog puts her expertise to practice in her personal life by saving thousands every year on travel and everyday expenses by using a combination of credit cards in various categories. Read more

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Capital One student credit cards and their benefits

April 4, 2024 | 5 min read

There are plenty of credit cards designed with students who want to build credit in mind. But why not earn rewards for using your card too?

Capital One offers student credit cards that allow you to earn rewards for things you’re already spending money on, like dining, streaming services and groceries. 

Key takeaways

• Student credit cards are typically for college students who may have limited or no credit history.
• Capital One has two student credit cards: SavorOne Rewards for Students and Quicksilver Rewards for Students.
• SavorOne Rewards for Students offers unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores, plus 1% on all other purchases. 
• Quicksilver Rewards for Students offers unlimited 1.5% cash back on every purchase, every day. 
• Both cards also provide other benefits like digital tools and security features such as the Capital One Mobile app and fraud alerts.

Find a student card that fits your needs

Pre-approval makes it quick and easy to browse card offers without impacting your credit score.

What is a student credit card?

A student credit card is typically geared toward college students who have limited or no credit history and may be looking for their first credit card. When used responsibly, a student credit card could help you build credit . That means doing things like paying your statement on time each month.

Student credit cards can be used the same way as other traditional credit cards. But they generally have rewards designed with college students in mind.

Capital One offers two student credit cards: SavorOne Rewards for Students and Quicksilver Rewards for Students.

Capital One SavorOne Rewards for Students card

Capital One’s SavorOne Rewards for Students card offers benefits around dining and entertainment, whether you’re grabbing dinner with friends or streaming the latest binge-worthy show. And NerdWallet named it 2023’s best credit card for college students . 1

Capital One SavorOne Rewards for Students card benefits

With the Capital One SavorOne Rewards for Students card, you could earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores, plus 1% on all other purchases. 2, 3 You can also receive a one-time $50 cash bonus when you spend $100 on purchases within the first three months of opening the account. 4 And there’s no annual fee. View important rates and disclosures .

Capital One Quicksilver Rewards for Students card

If you prefer to get the same amount of cash back on all of your purchases, you might want to consider the Capital One Quicksilver Rewards for Students card. And it was named CardRatings’ 2024 best student credit card . 5

Capital One Quicksilver Rewards for Students card benefits

With the Capital One Quicksilver Rewards for Students card, you can earn unlimited 1.5% cash back on every purchase, every day. And you can earn a one-time $50 cash bonus after spending $100 on purchases within the first three months of opening the account. 4 Plus, there’s no annual fee. View important rates and disclosures .

What are the benefits of a Capital One student credit card?

With both the SavorOne Rewards for Students and the Quicksilver Rewards for Students cards, you’ll have access to benefits like digital tools, security features and more.

Cash back rewards

Both the SavorOne Rewards for Students and the Quicksilver Rewards for Students are cash back cards . How you redeem your Capital One rewards is up to you. You could redeem them for cash, gift cards and more. And that can be a great way to work toward your savings goals.

And through Nov. 14, 2024, when you use either card for purchases with Uber and Uber Eats, you could earn 10% cash back—and get your Uber One monthly membership fee covered. 6, 7

Travel, dining and entertainment rewards

By being a Capital One rewards cardholder, you have access to:

• Capital One Travel : Earn unlimited 5% cash back when you book hotels and rental cars for things like a spring break vacation or a cross-country trip with your roommates. 8
• Capital One Dining : From local favorites to award-winning restaurants, access hard-to-get reservations at some of the most sought-after restaurants set aside just for cardholders with Capital One Dining.
• Capital One Entertainment : Experience events across music, sports, theater and dining, plus exclusive access to presales, VIP tickets and more. And if you use your SavorOne Rewards for Students card, you can earn 8% cash back on Capital One Entertainment purchases. 9

Access to Capital One’s digital tools

Capital One cardholders also have access to the following digital tools :

• Capital One Mobile app : The Mobile app helps you monitor your money on the go.
• CreditWise from Capital One : With CreditWise, you can keep an eye on your credit for free without affecting your credit scores.
• Eno : Your Capital One assistant that helps look out for you and your money and can help answer your account questions.
• Digital wallet : You can link your Capital One card to a digital wallet to make on-the-go purchases faster and more securely.

Security features

Your Capital One card also provides security features like:

• Fraud alerts: Capital One can notify you if it notices potential suspicious activity on your account.
• Virtual cards : Keep your actual—or physical—card number to yourself when you shop online with virtual card numbers. 
• Account alerts from Eno : If Capital One detects unusual activity on your account, you may receive an alert from Eno.
• $0 liability for unauthorized charges: If your card is lost or stolen, you won’t be responsible for unauthorized charges.
• Card lock : Lock your card in the Capital One Mobile app if it’s misplaced, lost or stolen.
• CreditWise: Get alerts when your TransUnion® or Experian® credit report changes.

Who is eligible for a Capital One student credit card?

You could be eligible for a Capital One student credit card if you’re enrolled—or admitted and planning to enroll in the next three months—at an accredited university, community college or other higher education institution. 

Like all credit cards, you must be at least 18 years old to apply. But if you’re not 21 yet, you must be able to show you can make minimum payments.

Capital One credit cards for students in a nutshell

Capital One offers two award-winning student credit cards : the SavorOne Rewards for Students and the Quicksilver Rewards for Students with rewards. If you’re interested in applying, you could see if you’re pre-approved . Checking is simple, and it won’t affect your credit scores.

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Best credit cards for recent college graduates

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Graduating from college opens up an array of new possibilities. Although with them come some new responsibilities, like paying for all your living expenses and facing those student loan repayments, that aren’t so fun. Taking the reins in terms of your finances can give you a new sense of fulfillment as well as something to strive for.

One step you’ll probably want to take if you haven’t already is getting a new credit card. After all, you’ll want a positive credit history and the highest score possible if you plan on purchasing a home or you want to qualify for the best rates and terms when you borrow money for a car or any other purpose.

Unfortunately, not all credit cards are geared to new college graduates, and it’s possible you’ll need a secured credit card if you don’t have any credit history at all. To help you in your search for a new credit card, we highlighted the best unsecured and secured options for new college graduates who are in the midst of their journey to better credit.

Best for cash back

Capital one quicksilverone cash rewards credit card.

• Earn an unlimited 1.5% cash back on every purchase
• $39 annual fee
• Qualify with “average” credit
• 26.99% variable APR on purchases

The Capital One QuicksilverOne Cash Rewards Credit Card is ideal for new college graduates with just average or fair credit. This typically means any FICO score of 580 or above, although consumers with scores of 670 or higher have a better chance of being approved. While this card does charge a $39 annual fee, you’ll earn a flat 1.5 percent back for each dollar you spend. Once you begin racking up rewards, you can redeem your cash back for statement credits in any amount you want.

Most importantly, this card may be attainable with imperfect credit. Your financial behavior will be reported to all three credit bureaus — Experian, Equifax and TransUnion — and over time, your positive credit history and on-time payments should help increase your score. With a better score you can upgrade to a new rewards credit card with better perks.

Who should sign up for this card? The Capital One QuicksilverOne Cash Rewards Credit Card is best for college graduates with just “okay” credit who want to earn rewards while they work on building a positive credit history that lasts.

Best for debt consolidation

Amex everyday® credit card from american express.

• Earn 2x Membership Rewards points on up to $6,000 spent at U.S. supermarkets each year (then 1x points) plus 1x points on everything else
• Earn 20% in bonus rewards each time you make at least 20 purchases on your card within a billing period
• Earn 10,000 Membership Rewards points when you spend $1,000 on your card within three months of account opening
• Qualify for 0% APR on purchases and balance transfers for 15 months, followed by a variable APR of 14.49% to 25.49%; no balance transfer fees for transfers initiated within 60 days of account opening
• Terms apply

If you have some high interest debt you want to consolidate, the Amex Everyday® Card from American Express is worth considering if you believe you can get approved. This card is available to consumers with good or excellent credit, yet it comes with one of the best  introductory APR offers available on the market today.

To start things off, you can earn 10,000 valuable Membership Rewards points when you spend $1,000 on your card within three months of account opening. You’ll also get 2x points on up to $6,000 in spending at U.S. supermarkets each year (then 1x points) and 1x points on all other purchases. If you’re a daily card user, you can also rack up considerably more rewards with this card’s 20 percent in bonus rewards each time you use your card for at least 20 purchases within a billing period.

Consider consolidating debt on this card, since you’ll get zero percent APR for 15 months on purchases and balance transfers (14.49 to 25.49 percent variable APR thereafter), and since there are no balance transfer fees for transfers initiated in the first 60 days.

With all these benefits in mind, this card is best for college graduates who have some high interest credit card debt to consolidate or those who want to earn rewards and pay down a large purchase over time without any interest.

The information about the Amex EveryDay Credit Card from American Express has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

Best for dining and entertainment

Capital one savorone cash rewards credit card.

• Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
• Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
• No annual fee
• 0% intro APR on purchases for 15 months, followed by a variable APR of 14.99% to 24.99%

The Capital One SavorOne Cash Rewards Credit Card does recommend good to excellent credit to get approved, but you’ll be able to earn an exceptional rate of rewards and access some pretty decent card benefits. For starters, you’ll earn 3 percent back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases without any annual fee. You’ll also have the ability to earn $200 when you spend $500 on purchases within the first 3 months from account opening, which is pretty standard among cash-back credit cards with no annual fee.

Not only will you be able to continue building up your credit score, but you can qualify for zero interest for a limited time on purchases. Specifically, you’ll get 0% intro APR on purchases for 15 months, followed by a variable APR of 14.99% to 24.99%.  This card doesn’t charge any foreign transaction fees and you can redeem your rewards for cash back in any amount you want.

Best for building credit from scratch

Discover it® secured credit card.

• Earn 2% back on up to $1,000 in combined restaurant and gas station spending per quarter (then 1%) plus 1% back on other purchases; Discover will also match all the rewards you earn at the end of your first year
• Requires a refundable cash deposit
• Reports to all three credit bureaus

If you have a very limited or non-existent credit history, it’s possible you’ll have to get started with a secured credit card . Unlike unsecured cards, secured cards require an initial cash deposit to secure a line of credit. If you make a cash deposit of $500 upfront, for example, you’ll normally get access to a line of credit in that same amount. Just remember that, while the deposit requirement seems harsh upfront, you’ll get your full deposit back if you close or upgrade your account in good standing and stay out of default. Discover will also begin reviewing your account after eight months to see if you qualify for an unsecured card.

The Discover it® Secured Credit Card is an exceptional secured card option since, unlike some competing cards, it doesn’t charge an annual fee. You’ll also earn rewards on your spending, and Discover will match all your rewards at the end of your first year in what may be seen as a “delayed” signup bonus.

This card also reports your credit movements to the three credit reporting agencies, and you’ll get free access to your FICO score on your monthly credit card statements or online.

This card may not be ideal for everyone, since you need a cash deposit to get started, but you may need to start with a secured card if you can’t get approved for an unsecured credit card right away.

Don’t see the card for you? Our CardMatch feature can help you find a card that best fits your needs.

How to choose the best credit card for a recent college graduate

Before you opt for one of the credit cards on this list or another option you found elsewhere, there are some important factors you should consider. Here’s everything you need to think through before you apply.

• Know your credit score . If you have an established credit history and a decent score, it’s possible you’ll be able to get approved for a top tier rewards credit card. With no credit history, however, you may be stuck with a secured credit card at first. Your first step should be to check your credit score so you know where you stand.
• Think through your spending style . Most credit cards for college graduates offer some type of rewards, but they don’t all dole out points using the same rewards structure. If you spend a lot in certain categories like groceries, gas or entertainment, you may want to consider a card that offers rewards in these categories.
• Make sure you’re going after the type of rewards you want . While pursuing rewards can be a smart move, you’ll want to make sure you’re earning the type of points you can benefit the most from. This might include cash back, airline miles, hotel points or even flexible rewards you can redeem in more than one way.
• Ask yourself why you’re getting a credit card in the first place . Finally, consider what you hope to accomplish by getting a credit card and if you really need one. Since credit cards tend to come with exceptionally high interest rates, you may be better off with a personal loan or another financial product. Credit cards for college graduates can help you earn rewards and continue building a strong credit history, but they’re rarely the best option if you need to borrow money for the long haul.

What to know about credit cards after graduation

What kind of credit cards should recent college graduates sign up for.

Recent college graduates should look for an unsecured credit card that offers benefits and perks they’re interested in. This could mean looking at cash-back credit cards that help them earn a specific percentage in cash back on all their purchases, but it could also mean exploring general rewards credit cards or travel credit cards with unique perks.

Factors recent graduates should consider when looking for a credit card include – annual and ongoing fees, rewards programs and cardholder benefits.

What are the benefits of getting a credit card with a generous sign-up bonus?

Many of the top rewards credit cards let new customers earn lucrative bonuses when they sign up and meet a minimum spending requirement within the first few months. These offers can easily be worth $500 or more, so they’re worth signing up for if you have a reasonable number of expenses you can charge to a credit card each month.

Before opening a credit card with the goal of earning a sign-up bonus, make sure you understand the terms of the bonus. Also, make sure you can reach the minimum spending requirement using your normal spending and bills.

Can you still apply for a student credit card?

You can still apply for a student credit card after you graduate, but you may not want to if your credit score is good enough to qualify for a top rewards or travel credit card.

Student credit cards are geared to individuals with limited credit histories, so they tend to come with limited rewards programs and cardholder perks. If you can qualify for the best credit cards on the market today, you can earn a significant rate of return in rewards and choose your card based on the perks you want the most.

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Best credit cards for students 2024

College students are in that in-between place with adolescence on one side and adulthood on the other. The period from the time you leave your house to the time you start paying your own bills is crucial to building good spending habits and establishing the foundation of your future awesome credit score.

The cards in this list are all tailored for young adults who are new to credit and are ready to take the great leap into adulting.

Our top recommendations

• card_name : Best for cash back on popular categories.
• card_name : Best for flat rate cash back.
• card_name : Best for first-year cash back.
• card_name : Best for building credit.
• U.S. Bank Cash+® Visa® Secured Card : Best for study abroad.

card_name : Best for cash back on popular categories

Capital one savorone student cash rewards credit card.

• Earn 3% back on popular purchase categories for students.
• No annual or foreign transaction fees.
• Flexible cash redemption options.
• APR can be high for some applicants.
• Few travel and purchase protection benefits.
• Grocery store rewards don’t work at Walmart or Target.

The card_name is exclusively available to college students. It features 3% cash back in some of the most popular purchase categories for students: dining, grocery stores, entertainment and eligible streaming services. You earn 1% everywhere else. There’s no annual fee or foreign transaction fee, and you can redeem cash back for a check, statement credit or to cover specific purchases.

Because the Capital One SavorOne for Students has very similar features to Capital One’s regular SavorOne Cash Back Card that requires Good to Excellent credit, this is a good deal for students who may not have a credit history.

card_name : Best for flat rate cash back

Capital one quicksilver student cash rewards credit card.

• Earn 1.5% cash back on all purchases with no limits.
• No bonus reward categories.

‌ card_name is exclusively available to college students. It comes with flat 1.5% cash back for all purchases and no annual fee. Rewards are redeemable for a check, statement credit or to cover specific purchases.

While purchase and travel protections are limited, it’s a great starter card for students. The flat rewards are good for young adults who aren’t sure what their regular spending will be, and with no annual fee, it’s a card you can keep for a while as you build credit. It also doesn’t have a foreign transaction fee if your student decides to take it on a year abroad.

card_name : Best for first-year cash back

Chase freedom rise℠, why we like it.

• Easier approval with $250 in a Chase checking account.
• No annual fee.
• Unlimited cash back rewards.
• Checking account must be at Chase for higher approval odds.
• Minimal travel insurance benefits.
• No bonus categories with higher rewards.

The card_name is a credit card designed for users who are newer to credit and have a banking relationship with Chase. If you have at least $250 in a Chase checking account, you get higher chances of approval, even without an excellent credit history. Approval still isn’t guaranteed, but the higher approval odds are helpful to many young people, such as college students.

The card features 1.5% unlimited cash back on all purchases, with higher rates for certain partners, including Lyft. New users can earn a $25 bonus after enrolling in automatic payments. It includes purchase protection and extended warranty protection, which can be valuable for new purchases. It also includes trip cancellation and interruption insurance, but notably lacks rental car coverage. Overall, it’s a compelling package for someone new to credit cards.

card_name : Best for building credit

Chime credit builder visa® credit card.

• Made for anyone with no credit or bad credit.
• No interest or annual fees.
• No minimum security deposit requirement.
• Chime checking account required.
• No bonus or rewards.
• No travel insurance or purchase protection benefits.

The card_name is a credit card available with no credit check. Accounts are tied to a Chime Bank account, which is used to fund the security deposit and set the card’s credit limit. Cards are automatically paid off from the security deposit balance, so there’s never any interest charged. There are also no annual fees.

This card is ideal for someone wanting to learn responsible credit management who isn’t worried about earning rewards. It’s not as great as some other cards on this list for building a credit score because it doesn’t report credit utilization to the credit bureaus, which is 20% to 30% of your credit score depending on the scoring model. But that’s a small concern balanced against its benefits.

U.S. Bank Cash+® Visa® Secured Card : Best for study abroad

U.S. Bank Cash+® Secured Visa® Card

• Choose your credit limit from $300 to $5,000.
• Includes up to 5% cash back on bonus category purchases.
• Cash deposit required equal to credit limit.
• 5% cash back limited to $2,000 in quarterly purchases.
• Low 1% cash back on non-bonus purchases.

The U.S. Bank Cash+® Visa® Secured Card is a cash back rewards card for those with no credit or bad credit. You can choose any credit limit from $300 to $5,000 but have to put down a security deposit equal to your credit limit. There’s no annual fee, and users earn cash back with every purchase.

The top 5% cash back rate is for two categories you choose from a list, including fast food, cell phone providers, and furniture stores. However, that’s limited to $2,000 in quarterly combined purchases. You can earn 5% back on eligible travel booked through US Bank’s online travel portal. Users also earn 2% back on one of three “everyday categories” of their choosing. Those categories are gas stations and EV charging stations, grocery stores and grocery delivery, and restaurants. If you use the card responsibly, you can upgrade to a non-secured version in the future.

Best credit cards for students 2024: Comparison

How we chose the best student credit cards.

We compared card offers based on the following criteria: Credit rating required, rewards rates, welcome offers, flexibility, variable APRs, Annual fees, consumer protections included and benefits specific to students like travel benefits, insurance and perks.

Ultimately, we looked for credit cards that offer the most valuable rewards and features, as well as flexibility within their designated rewards programs. In all cases, benefits such as consumer protections and travel insurance perks were considered.

Choosing the best student credit card: Where to begin

If you’re hunting for the best student credit card, consider these important aspects of your finances and the card’s features:

Credit card fees

Credit card fees are crucial for students to understand because they can quickly erode any rewards earned and potentially lead to debt. Key fees to watch out for include annual fees, which are charged just for holding the card, and late payment fees, which can be costly and impact credit scores. Also significant are foreign transaction fees, especially for students studying abroad, as these can add considerable costs to overseas purchases.

Credit card rewards

Credit card rewards can be a major perk for students, offering benefits like cash back or points on everyday purchases. These rewards can be used for essentials like groceries, textbooks or even fun experiences, making them a practical tool for budget-conscious students. Students can maximize benefits by choosing a card with rewards aligned to their spending habits without altering their lifestyle.

Benefits and protections

Credit card benefits and protections are another important feature, offering an added layer of security on their purchases and travel plans. Purchase protection can safeguard against theft or damage of newly bought items. Travel insurance benefits provide coverage for rental cars and unexpected travel mishaps, which is invaluable for students studying abroad or traveling during breaks.

Are student credit cards worth it?

Student credit cards are an excellent way for young adults to start with credit. Establishing good credit habits, such as on-time payments and keeping your balance low, helps you build a positive credit score over time. Also, paying off balances in full every month by the due date is essential to avoid interest charges.

Frequently asked questions (FAQs)

Is it easy to get a student credit card.

Some student credit cards are designed for applicants with no credit or less-than-perfect credit histories. Depending on your desired student credit card, it may be easy to get approved. The application process usually takes just a few minutes when applying online.

How old do I have to be to get a student card?

Most credit card companies require applicants to be at least 21 years old to be approved for a credit card. Some cards may be available at 18 years old or if there’s a co-applicant.

Should I get two or more credit cards as a student?

Having two credit cards is a good idea if you can manage them responsibly. Multiple cards can help you build credit faster while also offering a backup in case one card is lost or stolen.

Can international students apply for a credit card?

International students can get some credit cards. Most cards require a tax ID number called an Individual Taxpayer Identification Number (ITIN), which takes the place of a Social Security number on the application.

What do I do with my student card after I graduate?

Some student credit cards continue to work as before after graduation. Others may convert to a non-student version of the card.

Am I required to have a job to get a student credit card?

You can get a credit card if you don’t have a job, but you may have to prove some form of income to obtain a new credit card.

How is a student credit card different from a regular credit card?

Student cards are regular credit cards designed for the unique needs of students. That may include lower credit score requirements or specific benefits and rewards.

How Can I Pay for Graduate School?

• Academics  

Savvy tips that make earning an advanced degree—and advancing your career—possible

We asked Eric Moraniec , director of graduate student financial assistance and programs at Sacred Heart University, for insights on how prospective students can finance their graduate school degree programs.

Find the true cost of your program.

The cost of a graduate degree program is not always easy to determine. Some institutions list the price per credit with three-credit courses, meaning the credit fee must be multiplied. Be sure to consider the indirect costs, too, including books and updated laptops, transportation and lunch on the go.

Knowing the bottom line will help you make sound decisions.

Consider financial assistance through the federal government and your degree institution.

One of the myths of graduate school is that there is no financial assistance available to attain advanced degrees. This is not true. In addition to payment plans through your chosen institutions that allow you to pay over time, you can file a free application for federal student aid (FAFSA) for federal direct loans and veterans benefits and a separate Sacred Heart University graduate financial aid application, Moraniec said.

Moraniec suggests that most students borrow federal student loans before seeking private loans and compare private lenders to ensure getting the lowest interest rate.

Research institutional financial assistance.

Depending on your degree field, you may find fellowships and scholarships available to fund your education. In addition, certain groups are eligible for tuition discounts available for seeking higher education. At SHU, for example, first responders in the tri-state area may receive a 50% tuition discount on the master of public administration program .

Know your graduate school loans and benefits.

Federal direct loans are unsubsidized, interest accrues while you are enrolled and there are no payments due while you are enrolled at least half-time. Graduate/professional students can receive up to $20,500 with this loan program.

Federal Direct Grad Plus loans require documentation before they will appear on a student’s billing. The student must file a Plus application for credit approval and electronically sign a promissory note and complete a SHU Plus Loan Certification to authorize the loan amount at Sacred Heart, Moraniec said.

Veterans education benefits come in many different types, including the GI Bill, vocational rehabilitation and survivors and dependents educational assistance.

Be sure you fully understand each program's nuances to create the best package for your situation.

Search for graduate assistant positions.

Working in a lab, mentoring undergraduates as a residence hall director or gaining skills in an office situation—graduate students can often secure campus positions that apply to their subject area or research. Most come with regular stipends, and some include tuition benefits, course credit or housing and meal waivers. Such jobs also offer a chance to gain experience and skills that can be listed on your résumé.

Look for scholarship and fellowship opportunities everywhere.

Grad school funding can come from the most unlikely sources. Moraniec suggests researching town, county and state funding, as well as scholarships specific to the student’s degree program, ancestry, gender and more. Potential sources include local businesses, civic clubs, church and religious groups, employers, professional organizations, unions and special interest groups.

Borrow only what you need.

Moraniec advises students to borrow for the entire year and, if possible, to pay interest in school—even if that is not required by the lender.

Think you’re ready to dive into a graduate degree program at Sacred Heart University?

SHU’s diverse graduate, doctoral and certificate programs offer students the flexibility they need to complete their coursework through a variety of options, including online lessons, evening and weekend classes and asynchronous learning opportunities, to name a few.

Advance Your Career with Our Programs

To learn more about what your graduate program of interest offers, talk to our team of admissions counselors, each of whom specializes in specific programs, either virtually or in person. Email [email protected] , call 203-365-7619 or schedule an appointment today.

Want to hear more from SHU? Subscribe to our newsletters to get the latest updates delivered right to your inbox.

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Best Credit Cards for Recent College Graduates

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If you're fresh out of college, your credit card options will likely be limited. Here's why:

If you never had a student credit card to practice with, you may have thin or no credit.

Even if you did have a student credit card that you managed well, you may only have worked your way up to " fair credit " (FICO scores of 630 to 689), which is an underserved market.

If you had a student credit card but ran into trouble managing it responsibly, you may have bad credit.

Whichever category you may fall into after graduation, here are some beginner-friendly credit cards that can help you reach your credit goals.

If you can’t qualify for a credit card, consider getting a co-signer or becoming an authorized user on someone else’s credit card. These options can help you establish credit.

» MORE: NerdWallet’s guide to your first credit card

Options if you have no credit

Petal® 2 "cash back, no fees" visa® credit card.

The $0 -annual-fee Petal® 2 "Cash Back, No Fees" Visa® Credit Card offers up to 1.5% cash back on all purchases and additional cash back when you shop with select merchants. Plus, it has zero fees. The card is issued by WebBank , and you don’t need a security deposit to qualify.

Petal may not rely solely on credit scores to determine eligibility. The company has a machine-learning underwriting model that allows its issuer to look at income, expenses, savings and debts. Payments are reported to all three credit bureaus , which is ideal when you're trying to establish credit.

» MORE: Review of the Petal® 2 "Cash Back, No Fees" Visa® Credit Card

If you don’t have a strong enough cash flow or credit history to qualify for this card, then the Petal® 1 "No Annual Fee" Visa® Credit Card may be an option. It doesn't offer everything that its sibling card does. For instance, it offers lower rewards, a lower possible credit limit and a higher potential APR. But it can still help you build credit, and there's still no annual fee or security deposit.

Options if you have fair credit

Capital One QuicksilverOne Cash Rewards Credit Card

The Capital One QuicksilverOne Cash Rewards Credit Card is a solid starter card for new graduates. It earns an unlimited 1.5% cash back on purchases. You’re also automatically considered for a higher credit limit in as little as six months, which could bump up your credit scores. (A higher credit limit can lower your credit utilization ratio , a key factor in your scores.)

The card has a $39 annual fee.

» MORE: Review of the Capital One QuicksilverOne Cash Rewards Credit Card

For most credit cards, age and income matter. You can improve your odds by applying for a credit card that’s in your league .

Options if you have bad credit

Discover it® Secured Credit Card

The $0 -annual-fee Discover it® Secured Credit Card is among the most generous secured card options. It offers 2% cash back on up to $1,000 spent per quarter on restaurants and gas, and 1% back on all other purchases. It requires a minimum security deposit of $200 to qualify.

That deposit may be a bit steep, but it could be worth it, as this card offers incentives and a possible path to upgrade to a better card. With responsible use over seven months, Discover reviews your account to see whether you’re eligible to upgrade to a traditional unsecured credit card. Discover also reports payments to all three credit bureaus.

» MORE: Review of the Discover it® Secured Credit Card

When you’re starting out with your first credit card, healthy habits are important to establish a good credit history. Start with small charges, don’t carry a balance and avoid late payments to keep your credit card within your control.

Chime Secured Credit Builder Visa® Credit Card

The Chime Secured Credit Builder Visa® Credit Card is technically a secured card, but it breaks away from that traditional mold in several ways. It doesn’t require a hard credit check, and you don't have to pay a minimum security deposit upfront. It does require a Chime Checking Account and at least $200 in direct deposits made to that account within the past 365 days, but that might be easier to swing than having to put up several hundreds of dollars all at once for a traditional security deposit.

The money you move from that Chime Checking Account to the Credit Builder secured account determines your credit limit. You can also use this money to pay off your balance, and when you do, those payments are reported to all three major credit bureaus. The card also packs features that can keep you out of debt. It doesn’t charge interest or fees because you can’t carry a balance from one month to the next.

Chime says the following:

The secured Chime Credit Builder Visa® Credit Card is issued by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see the back of your card for its issuing bank.

To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.

Based on a representative study conducted by Experian®, members who made their first purchase with Credit Builder between June 2020 and October 2020 observed an average FICO® Score 8 increase of 30 points after approximately 8 months. On-time payment history can have a positive impact on your credit score. Late payment may negatively impact your credit score.

On-time payment history may have a positive impact on your credit score. Late payment may negatively impact your credit score. Chime will report your activities to Transunion®, Experian®, and Equifax®. Impact on your credit may vary, as Credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.

Money added to Credit Builder will be held in a secured account as collateral for your Credit Builder Visa card, which means you can spend up to this amount on your card. This is money you can use to pay off your charges at the end of every month.

Out of network ATM withdrawal and over the counter advance fees may apply. See here for details: https://www.chime.com/chime-credit-builder-visa-credit-card-agreement/

» MORE: Review of the Chime Credit Builder Visa Secured credit card

Grow Credit Mastercard

The Grow Credit Mastercard , issued by Sutton Bank, is a virtual card that offers the chance to build credit while paying for qualifying monthly subscriptions like eligible bills, TV, music and other streaming services. There’s no credit check required for this card. The company requires you to link a bank account, then it applies its own proprietary technology that looks at income to evaluate eligibility.

You have the option of choosing one of four membership plans, depending on eligibility. Each one has a different cost, a different monthly spending limit and different subscriptions that qualify. For example, the free membership plan allows you to build credit with subscriptions like Netflix, Pandora, Spotify, Amazon Prime and others. Paid membership plans cost $4.99 per month or $9.99 per month and they include "premium" subscriptions that allow you to build credit with Verizon Wireless, AT&T, Sprint or T-Mobile payments, among others. Only one membership plan requires a low security deposit.

The Grow Credit Mastercard functions like a credit card in some ways, but you can’t use it to spend on every purchase. You can only charge those specific subscription transactions, up to a certain amount, since the line of credit is small. And as with some of these other options, you can’t carry a balance from month to month. The card doesn’t charge any interest or fees beyond the cost of the membership plans. Payments are reported to all three major credit bureaus.

» MORE: Review of the Grow Credit Mastercard

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