Looking for the best deals on student credit cards? This article compares Bank of America's Discoverit(r) Student cash Back, Capital One’s Journey Students Rewards, and Sallie mae's Accelerate. Discover's match of 100% cashback will also be discussed. A student credit card is an excellent investment regardless of your financial status. You will be able save money while paying off the balance. Then you can travel with the money.
Bank of America's Discover It(r) Student Cashback
Discover it(r), Students Cash Back credit cards offer a competitive cashback rewards rate. The card offers an introductory cashback match of up to 5 percent on purchases, and a variety of bonus categories. Bonus categories rotate quarterly, and you must sign up for them in order to earn rewards. Rewards cannot be earned retroactively. For first-time cardholders, you will get the introductory cash back match.
Discover it Student cash Back card, a card with rotating categories that gives higher cash back on purchases made in bonus areas, is available. These categories change each quarter. Students who meet the requirements of each category earn a $20 statement credit. These categories have a $1.500 quarterly limit so it's advisable to stay within the limits. A $200 bonus per year would be an excellent value if your card is to be kept for more than one calendar year.
Sallie Mae Accelerate
Sallie Mae student credit cards will help students pay off student loan debts. This card provides unlimited cashback up to 1.25% on all purchases. There is no cap on the amount you can earn in cash back. In addition, the card offers 25% cash back rewards and 1.25% unlimited cash back on all purchases for the first six month. The best thing about the card? It is specifically designed for students, and you can make your payments on time.
One benefit of the Sallie Mae Accelerate student credit cards is that they have a suite of convenient tools that can help you manage your account. Accessing your account through your smartphone is easy. It's simple to pay your bills, review your statements, set up notifications, and other tasks. You can even pause your card from within the app. This credit card also has a number of other perks to make it the perfect student credit card.
Capital One's Journey Student Rewards
Capital One's Student Rewards Credit Card: The card's benefits are great for college students and those who plan to travel abroad during the summer. No foreign transaction fees! You'll never have to worry about 3% foreign transaction fees again! This is a great benefit for students who are traveling abroad or participating in exchange programs. This allows you to travel to the United Kingdom and make purchases without worrying about paying fees.
Negatives: Capital One's Student Rewards has a very high annual percentage. Also, it's not the best choice for balance transfers. If you are only planning to use this card to purchase, the annual percentage rate will be too high. You'll enjoy the benefits program and peace-of-mind it offers if you use it for travel. However, there are also cards with lower annual percent rates. Before making a purchase, consider all options.
Discover our 100% cashback match
For the first year, Discover's 100% cashback match for student purchases is unlimited. The $20 bonus can be used for statement credits in the following five years. A $20 bonus statement credit can be earned each year for good grades. Plus, you'll earn 5% cash back in rotating categories and 1% cash back on all purchases. This is a great deal and you will soon see some serious cash in your account.
Cashback Match is the best feature of this card. You will receive a match for any cash earned during the first year. You will only have to make your first purchase within the cashback match period. After that, you can't expect a cashback reward for purchases made after the match period has expired. This is great news for students with limited funds. However, don't let this deceive you into signing for a card. You should try it before making a major purchase. In the first year of your life, furniture, appliances and lighting may be necessary.