Finding the best credit card for students with low interest is not easy, but there is a way to know which one is best for you. Just see a complete analysis of the best options on the market.
Today, you will understand everything about the 6 best credit cards for students. We’ll break down their benefits, fees charged, and what sets them apart. You will notice that some are more interesting in cashback, others stand out for the initial limit.
That way, you will know exactly which credit card for students with low interest to be able to have a credit card that really helps you at this stage of your life. Let’s go!
What is a student credit card?
A student credit card, as its name suggests, is a card intended for those who are university students and are in need of credit.
The difference between these cards and a traditional card is the ease of approval. It is common for cards to require their customers to have a proven income, a long-term job.
However, the student credit card does not require proof to be approved.
Best credit card for students
Now, we will see a complete analysis on each of the best credit cards for students. Keep reading.
1. Student Cash Back (Credit Card for Students With Low Interest)
At first, Discover Student Cash Back draws attention because of the 5% cashback in categories that change every quarter. For example, supermarkets, restaurants, and gas stations. You can still earn 1% cash back on all other purchases, with no limit.
In addition, the card offers you protection against fraud. That way, you’re not responsible for charges that you didn’t authorize.
You will still have 0% interest in the first 6 months for purchases. After this period, a variable rate between 17.24% and 26.24% APR applies.
2. Chrome for Students
Discover it® Chrome for Students is a great choice with everyday life in mind
First of all, using it will have automatic cashback on all your purchases.
You’ll still earn 2% cash back at restaurants and gas stations, up to $1,000 in combined purchases per quarter.
Other than that, you will receive unlimited 1% cashback on all other purchases, whether at school, at home, or anywhere else.
For the first 6 months you will have 0% interest on transactions. After that time, it will have an APR ranging between 17.24% and 26.24%.
3. Capital One Savor Student Cash Rewards Credit Card
If you are a student and want a card that combines experiences, dining out, music, and travel, without a doubt the Capital One Savor Student Cash Rewards Credit Card is a great alternative.
At first, using this card you can earn:
- 8% cashback on entertainment purchased through the Capital One Entertainment portal.
- 5% on hotels and car rentals booked through Capital One Travel.
- 3% in restaurants, entertainment, popular streaming services, and grocery stores (except superstores like Walmart and Target).
- 1% on all other purchases.
In addition, you will receive a $100 welcome bonus after spending $100 on purchases in the first 3 months.
4. Chase Freedom Rise (Credit Card for Students With Low Interest)
First of all, Chase Freedom Rise offers 1.5% cashback on all purchases, with no limits and with rewards that never expire while the account is active.
In addition, Freedom Rise will give you a $25 bonus right after activating automatic payments within the first 3 months. Above all, the APR is 25.99%, a rate considered high.
In short, the Chase Freedom Rise® is a fee-free card with fixed cashback that offers support for those who want to build a financial history with the support of one of the largest banks in the country.
5. CIBC Adapta Mastercard for Students
The CIBC Adapta™ Mastercard® for Students offers a combination of different objectives. Bringing together credit building, point rewards, and extra benefits, all with zero annual fees.
The highlight is the Adapta points system, which rewards its 3 most frequent spending categories each month with 1.5 points per dollar spent.
On all other purchases, you will receive 1 point per dollar, with no accumulation limit.
It also has roadside assistance included, with services such as towing, battery recharging, fuel delivery.
In addition, you will have a bonus of US$ 100 in value when you register, which represents a good initial incentive to start your financial life on the right foot.
The points work as follows:
- 1,500 Adapta points = $10 applied to the card balance or a recent purchase.
- 1,200 Adapta points = $10 if used on eligible CIBC financial products.
CIBC Adapt for Students is ideal for those who want simplicity, flexibility, and automatic rewards right from the start—a modern card for students who want control, value, and convenience all in the same place.
Who should apply for student credit card?
Being a student, by itself, does not guarantee approval. There are a few rules and requirements that you need to understand before applying.
First, you should check the terms and conditions of the card you choose. This is important as some institutions require formal proof of enrollment, others are more flexible.
Furthermore, if you are under 21 years old, federal law imposes an important condition. You must prove independent income, that is, show that you can pay the bill with your own money.
If you do not have this income, it will only be possible to obtain the card with a guarantor, who is responsible for the debt if you do not pay.
For those who are 21 years old or older, it is also necessary to present proof of income, but there is more freedom. Thus, it includes any income to which they have regular access, such as financial aid, paid internship, or fixed family support.
In summary, the student credit card is ideal for young people who are starting their financial life responsibly. Now, find out exactly how to apply for a student credit card.
Conclusion (Credit Card for Students With Low Interest)
Based on the options and criteria presented about credit card for students with low interest, you can start your financial life responsibly.
Student cards such as Discover Student Cash Back, Chrome for Students, Capital One Savor Student, Chase Freedom Rise, and CIBC Adapta for Students offer affordable interest, attractive rewards, and tools to build credit safely.
More than means of payment, these cards are gateways to your financial future.
Therefore, we recommend that you analyze your needs, check the requirements and select the card that best suits your lifestyle.
After all, with the right card and responsibility, you can save, accumulate advantages and grow financially already in college days.