Looking for the best deals on student credit cards? 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). Discover's 100% cashback match is also included. It doesn't matter what your financial situation is, a student creditcard can be a smart choice. The balance will be paid off in full and you can use it to pay for travel.
Bank of America's Discover It(r) Student Cashback
Discover it(r), Students Cash Back credit cards offer a competitive cashback rewards rate. This card offers an introductory cash back match of up to 5% on purchases and offers a wide 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. The introductory cash back match is good for a first-time cardholder.
Discover it Student Cash back card is a rotating category card that offers higher cashback for purchases in bonus categories. These categories change quarterly. Students who meet these requirements receive a $20 statement credits. However, spending within these categories is subject to a $1.500 monthly cap. If you're planning to keep your card for longer than a year, a yearly bonus of $200 would be a good value.
Sallie Mae Accelerate
Sallie Mae's Accelerate student credit card is a great option for student debt repayment. This card allows you to earn unlimited cash back and 1.25% cash back on all purchases. For the first six months, you will receive a 25% bonus in cash back rewards. The best thing about this card is that it's designed for students and allows them to make timely payments.
Sallie Mae's Accelerate student credit card offers a variety of tools that will help you manage and pay your bills. You can access your account from your phone, making it easy to pay your bills, check your statements, set up alerts, and more. The app even allows you to pause or cancel your card. You will also find many other benefits that make this credit card the ideal student credit card.
Capital One's Journey 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! 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. You can travel to the United Kingdom and spend money without worrying about incurring fees.
The negatives: The annual percentage rate for the Capital One Journey Student Rewards is very high, and it's not the best card to use for balance transfers. The rewards for this credit card are not worth the high annual rate if you use it only to make purchases. 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. You should weigh all your options before you make a final decision.
Discover's 100% cashback match
Discover's 100% cashback match to student purchases is unlimited for the first one year. For the next five years, you can redeem the bonus as $20 in statement credits. An additional $20 statement credit is available each year for students who maintain high grades. You will also receive 5% cashback in rotating areas and 1% cashback on every purchase. This is a great deal and you will soon see some serious cash in your account.
Cashback Match is one the most appealing features of this card. This will match any cash back earned for the first year. The cashback match period lasts for one year. You'll need to only make your first purchases during that time. After that, you can't expect a cashback reward for purchases made after the match period has expired. This is great news, especially for students on a limited budget. But don't let this lure you into signing up for a card. You should try it before making a major purchase. You might need to buy furniture, appliances, lighting and other expensive items within your first year of life.