Hi guys, so I've been thinking about getting a credit card to start building some credit while I'm still in college. I've been doing some research, but it's kind of overwhelming. So I was wondering, what's the most popular credit card among you guys? I'd appreciate some recommendations.
When laying the foundation for your financial future during college, a credit card can indeed be a prudent step. Here are a few suggestions I have for you:
- Discover It Student Cash Back: This card has become a favorite among many college students due to its cashback program. You can earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases automatically.
- Journey Student Rewards from Capital One: With this card, you can build your credit while earning unlimited 1% cash back on all your purchases, with the potential to increase your cash back rate to 1.25% when you pay on time.
- Bank of America Cash Rewards for Students: This is another popular card option for students. It allows for 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings, 2% at grocery stores and wholesale clubs (for the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter), and 1% on other purchases.
Remember, while building your credit is important, it's also crucial to manage your card responsibly. Make sure to pay the balance off in full each month and keep your credit utilization low. This way, you can avoid unnecessary interest charges and build a solid credit history.
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