Best Student Credit Cards of Summer 2017

The Discover it Chrome for students card, with its student-friendly rewards program and forgiving stance toward first-time late payments, won first place in the Best Student Credit Cards of Summer 2017 contest. Click here for more information:

Cardholders earn 2 percent cash back at restaurants and gas stations and 1 percent back on everything else, and Discover matches all the first year’s cash back earnings. Discover it Chrome for students also offers a $20 annual cash bonus to students who earn a GPA of 3.0 or higher. It does not charge foreign transaction fees or a first-time late payment fee. In addition, Discover provides a helpful Credit Cards 101 online feature which answers many of the questions first-time card users have.

“Forgiveness and a little knowledge: Those are two things I could have used with my first credit card,” said Editor-in-Chief Daniel P. Ray. “I got a free Mizzou hat, which when I failed to understand what credit cards really were, became the most expensive hat I ever wore.”

The Bank of America Cash Rewards card for students earned second place. Cardholders receive 3 percent back on gas, 2 percent at grocery stores and 1 percent on everything else. It also gives a $150 sign-up bonus to those who spend $500in the first three months after opening the account. Student-tailored credit tools include a free FICO credit score and an extensive collection of instructional videos.

The Wells Fargo Cash Back College Visa placed third. Students who have already built a good credit history can potentially earn an APR as low as 12.15 percent. In their first six months, cardholders earn a healthy 3 percent cash back on gas, grocery and drugstore purchases. Another notable feature is cellphone protection; the Wells Fargo Cash Back College Visa reimburses for damaged and stolen smartphones (up to $600 per occurrence and $1,200 per 12-month period as long as the card is used to pay the phone bills). evaluated some of the top-rated student credit cards and asked a panel of judges to rate the staff’s top three picks. The judges were personal finance expert Holly Johnson (, millennial money expert Stefanie O’Connell, personal finance journalist Lisa Gerstner, Editor-in-Chief Daniel P. Ray and Senior Industry Analyst Matt Schulz.

Leave a Reply