Best Student Credit Cards

For every college student, a student credit card is the best choice for them to build credit while giving cashback on daily purchases. The rewards, protections, and the credit-building power offered by student credit cards are specified designed for college students who have limited or no credit. When it comes to building credit, starting young is better—as long as you take baby steps and don’t treat your first credit card(s) as free money to be spent. It can take seven years to develop a credit score that’s considered “excellent”. 1. How are student credit cards different? Student credit cards are simply credit cards that are marketed to students. They work exactly the same, but student cards carry lower credit limits and offer students an increased likelihood of approval. 2.How to get approved for a student credit card? It’s much easier to get approved for a student credit card than other cards, but student credit cards still have minimum approval requirements. First of all, you need to be a student over the age of 18. Yeah, you have to be a student to apply for a student card. Secondly, you need to have some document-able income. In other words, you have to be employed, a part-time job is fine. Last but not least, you don’t have bad credit already. If you already made some credit mistakes, don’t expect a student card to approve you. 3. Can you upgrade a student credit card when you graduate? Yes. If you use your card responsibly and pay your card every month on time, banks will absolutely upgrade your account to a regular credit card. Even before you graduate, many banks will automatically give you a chance to increase your credit limit after three to 12 months of responsible use. If they don’t, you can easily call and ask.

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