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 will be explained. A student credit card can be a smart investment, regardless of your financial situation. You can save money, pay off the balance and travel with the money.
Bank of America's Discoverit(r) Student Money Back
The Discover it(r), student cash back credit card offers a competitive reward rate and cash back. This card offers an introductory cash back match of up to 5% on purchases and offers a wide variety of bonus categories. You must sign up to receive rewards in the bonus categories that rotate every quarter. You can't earn rewards retroactively. For first-time cardholders only, the introductory cashback match will be applicable.
The Discover it Student Cash Back card is a rotating-category card that awards higher cash back for purchases in bonus categories. These categories change quarterly. Students who meet these criteria earn a $20 credit on their statement. However, spending within these categories is subject to a $1.500 monthly cap. A $200 bonus per year would be an excellent value if your card is to be kept for more than one calendar year.
Sallie Mae Accelerate
Sallie Mae Accelerate student cards can be a good choice for students who are looking for credit cards that will pay off student loans. This card gives 1.25% unlimited cash back on all purchases and has no cap on the amount of cash back you can earn. You will also receive a 25% bonus for your first six months of card use. The best part about the card is that it is designed for students and allows you to make payments on time.
Sallie Mae's Accelerate student credit card offers a variety of tools that will help you manage and pay your bills. Accessing your account through your smartphone is easy. It's simple to pay your bills, review your statements, set up notifications, and other tasks. You can also pause your card right from the app. This credit card also has a number of other perks to make it the perfect student credit card.
Capital One's 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 who travel abroad or participate in exchange programs will appreciate this huge benefit. It is possible to travel to the United Kingdom without paying any fees.
The negatives: Capital One Journey student rewards has a high annual percentage rate. This card isn't the best for balance transfers. If you plan on using this credit card only for purchases, you'll find that the rewards are not worth the high annual percentage rate. However, if you plan to use it for travel, you'll love the rewards program and peace of mind it offers. However, there are also cards with lower annual percent rates. Before making a decision, you should carefully consider all options.
Discover our 100% cashback match
Discover's 100% cashback match to student purchases is unlimited for the first one year. 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. You will also receive 5% cashback in rotating areas and 1% cashback on every purchase. That's quite a good deal, and you'll soon start seeing some serious cash back 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. You will only have to make your first purchase within the cashback match period. After the match period expires, you won't be eligible for a cashback bonus. This is great news for students with limited funds. Don't let this fool you into signing up to a card. Before you buy a lot of expensive items, it's worth trying out the service. In the first year of your life, furniture, appliances and lighting may be necessary.