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Finding the Right Student Credit Card

Establishing a good credit history is important while you are young, and college students should definitely add this to their list of priorities, somewhere above partying and ranking the best pizza places in town. Fortunately, there are a few credit cards that are currently available which are geared toward helping college students build up their credit, allowing them to move on with their financial lives—like buying a car or a home—once they finally graduate.

Build Credit While You are Young!

Too many people wait until they are wanting to make a big purchase, like a home or car, before they ever even consider what their credit score is. This can be a huge mistake, as having good credit is often a prerequisite for being able to do these things. With that said, starting to build your credit while you are young is extremely important, and taking advantage of some of the great student credit cards that are available can be a step in the right direction. By the time you graduate, you will be well set up to rent a great apartment, buy a car, or maybe even purchase a home of your own!

Get Great Perks and Added Incentives

Using a student credit card to pay for your everyday expenses can also get you many perks in the form of cash back or rewards points—two things that all students are going to enjoy. Some of the student credit cards that are available now even offer bonus points or rewards for paying your monthly bill on time or getting good grades!

Here are a few of the top student credit cards that are available currently, take a look and see if any of them are going to be perfect for you!


Citi Dividend Card for College Students

With a great benefit of earning 5% bonus cash quarterly from Citibank, this card is well worth a closer look. Each quarter, different categories of spending are selected for the 5% bonus. With this added incentive, you can earn up to $300 cash back in one year! This will pay for a lot of pizzas!

If that is not enough to turn your head, then consider the fact that this card will offer you 0% APR on your purchases and balance transfers for the first seven months that you have the card, and then charge you a variable rate of 13.99-23.99% for interest after the introductory period ends.

There are no annual fees and most college students are going to qualify for this card without having to find a cosigner. Build your credit quickly with the Citi Dividend Card for College Students!


Discover It for Students

It’s not easy for students to find good deals on cash back cards. But, the Discover It Student Card can get you 5% cash back on categories that rotate quarterly. For example, some quarters may offer 5% on gas purchases, others 5% on dining, etc. Use your earnings instantly with Amazon checkout!

A new feature we love on this card is the free FICO credit score you’ll get with your monthly statement. A great benefit for college students who are building their credit!

There is no annual fee for this card, and you will pay 0% APR during the first six months, with 12.99-21.99% APR after that period ends. And don’t worry, paying late won’t raise your APR. In addition, you won’t be charged a fee the first time you make a late payment. Choose a customized design from the many templates available, or upload your own favorite photo to truly make your card your own!


Discover it® for Students

Discover it® for Students with $20 Cashback Bonus


Citi Forward Card for College Students

With an added incentive of earning 2500 bonus points when you spend only $500 during the first 90 days that you have the card, this credit card deserves a close look. You can accumulate tons of points by using this card as an everyday spending card, and you can earn bonus points by using it for dining, books, movies, and videos, as well—many things that students spend their money on!

For every month that you remain within your credit limit, you will earn an additional 100 bonus points. Plus, there is no annual fee, and you will enjoy a 0% APR for a full seven months. After that, your interest rate will be between 13.99-23.99%, based on your credit score.


Finding the Right Perks is Important

As a college student, every dollar counts! This is why getting a credit card that charges no annual fee but offers substantial perks in the form of cash back or rewards points is so important! Each of these credit cards offers slightly different benefits, but all are going to keep as much cash in your pocket as possible.

Whether you find that rotating bonus categories helps or getting bonuses for having a great GPA, you are building credit and securing your future! Don’t jeopardize your financial future with foolish spending. Be responsible and make sure that you are paying your bills on time and staying within your credit limit. There is more to a good college life than getting good grades and finding the best pizza. Your adult self will thank your college student self in the long run!

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The Open Sky Visa Secured Credit Card

We’ve written about secured credit cards here extensively.  Many people on this earth have had bad ‘luck’ with credit cards in their younger days, either with controlling their spending, or going bankrupt due to outside forces acting on them.  That’s okay.  Life isn’t over.

The Open Sky Visa Secured Credit Card is a card built just for those of you that are struggling with these very issues.  It is built to regain the trust of various credit reporting agencies, and also to regain your trust in using a credit card to transact your way through life.  Let’s dig into the card below and check out if it’s right for you!



For one, if you carry a balance month to month on the credit card, you’ll incur a 17.5% variable APR.  This should be a moot point for you, the credit card holder, though, since you are trying to regain trust from the banks that you can pay your bills on time!

There is a $29 annual fee for holding the card, a small fee per year compared to other credit cards.  You won’t earn any miles or points, but that’s not the point of the card, is it?  Furthermore, a credit line of $200-$3000 can be offered to you, which is directly correlated to the amount of money that you deposit into your account at the card opening.  This money does not need to be from a checking account, however.  You can do so via wire transfer, Western Union, or the United States Postal Service.

All deposits that you make are fully refundable, by the way.  As soon as you decide (or are able to) move up to a ‘real’ credit card, the funds will be returned to you promptly by Open Sky.

Let’s get into the nitty gritty.  Your APR is 17.5% for purchases, balance transfers, and cash advances.  When you fail to make a payment, a penalty of 21.5% will be incurred.  Balance transfers are charged fees of 5% of the transfer, and the same goes for cash advances.  Foreign transaction fees rack up a 3% transaction fee.  Late payments carry a $20 charge, and a returned payment causes up to $25 in fees.



It is obvious that this card is not for everyone.  However, it is here for a reason.  Many people in America, especially in the early 2000s, had no idea what havoc their spending would cause them.  The Open Sky Visa Secured Credit Card will be there to help those who want to learn from the mistakes that they made.

Furthermore, it allows the banks to offer their credit lending at no risk to them, and maybe make a few dollars here and there.  Building trust between banks and their customers is an action that must begin occurring with more frequency.  Major kudos to the Open Sky team for making this happen.  Now, is this credit card product something that you are interested in?  Apply for the Open Sky Secured Credit Card if it is!

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5 Best Secured Credit Cards of 2014

Secured credit cards are sometimes overlooked in the world of credit card reviews.  No bonuses? No rewards? No points? No thanks, some say.  However, they are credit card products for a reason, because they serve a very important need.  Those of us that have had credit troubles in the past, or a bankruptcy, need a safe way (or any way, really) to rebuild their credit.  Credit is a very important aspect of society, and bad credit can have a negative effect on one’s life.  From securing a business loan, to taking out a mortgage to purchase a home, the ghosts of credit scores past can come back to haunt you at any time!

How it works

A secured credit card works like this- the credit card holder must provide collateral in the form of a security deposit.  Then, that forms your credit line.  The bank has zero risk of default, since anything you spend will be backed up by your collateral.  And, in exchange, one can rebuild (or just build) their credit score.

How to choose

The best way to choose a secured credit card is to pick one with a bank that you trust or have done business with.  They offer many more features than other cards out there, and have lower APRs.  In addition, some even allow your deposit to earn interest, so the money isn’t just ‘sitting there’ while you rebuild your credit worthiness.

Let’s check out some of those below!

First Progress Platinum Cards

These three secure credit cards with very similar, no nonsense benefits.  The major difference between the two being their annual fees and APRs.  Read on through the links below to see a comparison and apply, and to see if First Progress is a good fit for you!

Check out our full review here.

Link: First Progress Platinum Elite MasterCard® Secured Credit Card

Link: First Progress Platinum Prestige MasterCard® Secured Credit Card

Link: First Progress Platinum Select MasterCard® Secured Credit Card

Capital One Secured

With a minimum security deposit of $200, running up to $3,000 the Capital One Secured credit card offers one safe way to start rebuilding your credit.  A low annual fee of $29 is great, but a high APR of 22.9% may deter you.

Check out our full review here.

CitiBank Secured

With a similar annual fee of $29, but an 18.24% APR, the CitiBank begins to look great.  The ability to receive a $5,000 credit line through a secured deposit may also sway you to apply for this card.  Furthermore, you’ll be able to earn interest on that deposit, which is a low 1.01%, but better than nothing!

Check out our full review here.

Wells Fargo Secured

The ultra-low $25 annual fee, a low 18.99% APR, and the ability to apply only one year (twelve months) after bankruptcy makes the Wells Fargo Secured credit card an attractive option.  In addition, you can make your credit line between $300 and $10,000 (yes, you read that right!).

Check out our full review here.

Bank Americard Secured Credit Card Review

No application fees, a credit limit of $300 to $4,900, and an APR of 20.24% may seem like a bad deal, but when you have the backing of Bank of America, and it’s purchase protections, the extra fees may be worth it to you.

Check out our full review here.