In this article, we delve into the top credit card choices available in 2023 for students who have yet to establish a credit history. We present a comprehensive list of the best credit cards that cater to the unique needs of students in today's market.
Best Credit Cards For Students With No Credit
BEST FOR STUDY ABROAD
Bank of America® Travel Rewards credit card for Students
1.5X Reward Rate
Earn unlimited 1.5 points per $1 spent on all purchases everywhere, every time and no expiration on points.
BEST INTRODUCTORY APR FOR STUDENTS
Bank of America® Unlimited Cash Rewards credit card for Students
Unlimited 1.5% Reward Rate
Earn unlimited 1.5% cash back on all purchases.
BEST FOR DOORDASH AND LYFT
Chase Freedom® Student credit card *
1% Reward Rate
Earn 1% cash back on all purchases
BEST FOR CHOOSE-YOUR-OWN-ADVENTURE
Bank of America® Customized Cash Rewards credit card for Students
Choose your 3% category
Earn 3% cash back in the category of your choice (6 categories available)*; Earn 2% cash back at grocery storesRead More
FAQ's
Q.1 Can a 22 year old get a credit card?
Ans :- To open a credit card account, individuals typically need to be at least 18 years old. However, individuals under 21 may need to fulfill additional criteria to qualify for a credit card. Additionally, there is a wider range of credit card choices available for individuals who are over 21 years old.
Q.2 Is it bad to not have a credit card at 23?
Ans :- If you're in your twenties and don't possess a credit card, it implies that you're free from credit card debt. While you might still have student loan or medical debt, minimizing overall debt is advantageous, and being devoid of credit card debt is a positive aspect.Q.3 Can you get a credit card with no credit?
Ans :- To obtain a credit card with no credit history, you must meet certain fundamental criteria. Firstly, you need to be at least 18 years old. Additionally, it is crucial to have a sufficient income that enables you to meet your monthly payment obligations. There are several types of credit cards available for individuals without credit experience, such as student credit cards, secured credit cards, and specific unsecured credit cards.Q.4 What's the best credit card for an 18 year old with no credit?
Ans :- When considering the best credit card for 18-year-old with no credit history, there are a few options worth exploring. Here are some recommendations:- Student Credit Cards: Many financial institutions offer credit cards specifically designed for students. These cards often have lower credit limits and more lenient approval requirements, making them an ideal choice for young individuals with limited credit history.
- Secured Credit Cards: Secured credit cards require a security deposit, typically equal to the card's credit limit. These cards are a great option for building credit as they report to credit bureaus and can help establish a positive credit history.
- Starter Credit Cards: Some credit card issuers provide starter credit cards designed for individuals with limited or no credit history. These cards may have higher interest rates or fees, but they serve as a stepping stone to establish credit.
- Authorized User: Another option is to become an authorized user on someone else's credit card. This allows you to piggyback off their established credit history, potentially improving your own credit profile.
When selecting a credit card, consider factors such as annual fees, interest rates, rewards programs, and any additional benefits that align with your financial goals and spending habits. It's also important to use the credit card responsibly by making timely payments and keeping balances low to build a positive credit history.