Looking for the best student card offers? This article will provide comparisons between Bank of America’s Discover it(r), Capital One’s Journey Student Rewards, Sallie Mae’s Accelerate, and Bank of America’s Discover it(r). In addition, you'll learn about Discover's 100% cashback match. A student credit card is an excellent investment regardless of your financial status. You can save money, pay off the balance and travel with the money.
Bank of America's Discoverit (r) Student Cash Back
The Discover it(r) Student Cash Back credit card offers a competitive cash back rewards rate. This card provides an introductory cashback match up to 5% for purchases and offers a wide range of bonus categories. Bonus categories rotate quarterly, and you must sign up for them in order to earn rewards. Reward points cannot accrue retroactively. For first-time cardholders, the introductory cashback match is valid.
Discover it Student Cashback card is a rotating-category credit card that rewards higher cashback when you purchase in bonus categories. These categories are subject to change each quarter. Students who meet these criteria earn a $20 credit on their statement. These categories have a $1.500 quarterly limit so it's advisable to stay within the limits. A $200 bonus each year is a good deal if you plan on keeping your card for more time than one.
Sallie Mae Accelerate
Sallie Mae's Accelerate student credit card is a great option for student debt repayment. 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. The card also comes with a 25% bonus on cashback rewards after six months. The best part about the card is that it is designed for students and allows you to make 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. Your account can be accessed from your smartphone. It makes it easy to pay bills, view your statements, set alerts, and much more. From the app, you can also pause or suspend your card. You will also find many other benefits that make this credit card the ideal student credit card.
Capital One's Adventure Student Rewards
The Benefits of Capital One's Journey Student Rewards Credit Card: If you're in college and are going abroad for the summer, you'll love this card! No foreign transaction fees! There will be no foreign transaction fees! Students studying abroad or participating on exchange programs have this great advantage. You can travel to the United Kingdom and spend money without worrying about incurring fees.
The downsides: The Capital One Journey Student Rewards annual percentage rate is extremely high and it is not the best card for balance transfers. The rewards for this credit card are not worth the high annual rate if you use it only to make purchases. It's worth the reward program and security that it offers, though, if it's your plan to use it as a travel credit card. However, there are also cards with lower annual percent rates. You should weigh all your options before you make a final decision.
Discover's 100% cashback match
For the first year, Discover's 100% cashback match for student purchases is unlimited. You can use the bonus to redeem $20 in statement credits for each subsequent five years. Each year, you will be eligible for an additional $20 statement credit if your grades are good. Additionally, you will receive 5% cash back in rotating category and 1% cashback for 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. Cashback match is only for the first year. Therefore, you won't need to make additional purchases beyond that. After that, you can't expect a cashback reward for purchases made after the match period has expired. This is fantastic news for students living on a strict budget. You shouldn't let this convince you to get a credit card. You should try it before making a major purchase. In your first year, you may need furniture, lighting, and appliances.