10 Best Credit Cards for Students with No Credit in 2022 | No income cards
The college has many expenses. Tuition, books, dorm fees, and meal plans can quickly add up. This is especially true if you’re paying out of pocket, which is often the case for students with no credit history or a high debt-to-credit ratio. Most important, you have no income during your college days. When I am writing this article on best credit cards for students, I recall those days.
Fortunately, there are a variety of cards designed specifically for college students. The best part? They don’t require any credit history! These cards are well worth the investment, from low-interest rates to an opportunity to improve your credit score.
Getting a credit card when you have no credit can seem daunting. When it comes to credit cards, there are so many options and features to choose from. It’s hard to know where to start. But with some tips and tricks, you’ll be able to find the best credit card for you in no time! Here are 10 of the best credit cards for students with little or no credit history, ranked by how easy they are to get approved. Check them out!
Read: Best Credit Cards for Airline & Lounge Access in 2022
No credit history? No problem. No income? No problem.
If you’re new to the world of credit, getting your first credit card can seem like a daunting process. There are so many options and features to choose from, and it’s hard to know where to start.
But before you give up, read on for some tips on how to find the best credit card for you.
Find a card that doesn’t require a credit history.
Some cards are specifically designed for people with little or no credit history. These cards offer no or low-interest introductory periods, as well as easy approval.
Look for a card with a low introductory APR.
If you plan to pay off your entire balance before the introductory period ends, look for a card with a low introductory APR. That way, if anything goes wrong, you won’t be hit with pesky fees and high-interest rates.
Look for a card that has low or no annual fees.
Annual fees can add up over time, so it’s best to avoid them if possible. If you have no credit history, this will likely be an easy task.
Read: Best Credit Cards for Beginners with no or bad credit history in 2022
The ten best credit cards for students with no credit history and no income
1. Discover it Student chrome
Student chrome cards are generally designed for students. Student chrome card is a student credit card designed for students only. It helps the students to manage their financial requirements in their best interest. Student chrome cards help them in saving more money on their essential expenses. And it is generally secured by the parent or guardian. So they don’t have to worry about their kids. Your credit score is the most critical factor for qualifying for a credit card.
However, some credit cards are designed exclusively for students. These student credit cards are no-credit-check. These cards are intended solely for students with a bad credit history or no credit history.
2. Capital One Platinum Secured Credit Card
No credit card can be a great tool to build credit for students to establish a credit history and establish a credit score. However, students should be conscientious when it comes to using them. If you want to apply for a credit card for students, Capital One Platinum Secured Credit Card is the best one. The money that you deposit will be your credit limit.
The card can be applied for by anyone at least 18 years old, so it is the best choice for young college students. It does not judge how much money you have, so it is for low-income people, too. The card is free, so there is no fee before your first purchase. And the Platinum Card does not require any deposit. So, if you are looking for a credit card for students with no credit, then the Platinum Secured Credit Card is the best choice for you.
Read: Best Credit Cards with low interest rate in 2022
3. Citi Secured Mastercard
When you are a student, you may not have any credit history. So, it may be challenging to get a credit card. However, you can join Citicard through a secured card. Citicard offers secured credit cards for students with no security deposit required. It is easy to qualify for it; you need to be a student with good grades.
Citi Secured Mastercard is the best way to start building your credit history with no security deposit required. You can apply through the official site of Citicard. If you are a student, you should also have an option to get a credit card. Citi Secured Mastercard is the best option for you.
4. OpenSky Secured Visa Credit Card
With a secured credit card from OpenSky, you get a credit card without worrying about a credit check. In addition to no credit check, you can get a credit limit of between 1 and 5,000 dollars based on the amount of money you deposit with them. OpenSky is the best place for you to get your credit card if you don’t have credit. OpenSky is one of the most trusted sites for credit cards without a credit history.
It is effortless to apply for the OpenSky secured credit card, and they will approve you in just a few minutes and your card in just a few days. With their secured credit card, you won’t have to use your card for daily purchases to build your credit history. Instead, you can pay off your credit card in full and on time for excellent credit.
Read: Best Credit cards for balance transfer in 2022
5. Deserve EDU Mastercard for Students
Deserve Edu Mastercard for Students targets students who need money to pay the education expense without a credit check. You can apply for this credit card with your school email address. You can get the credit card directly at your doorstep.
The credit card offers you the facility of accessible credit score monitoring. The Deserve Edu Mastercard gives you the facility of an authentic card to pay for your education expenses. The card is secured with a low APR, so you can easily manage your payments without worrying about interest. This credit card is a good option for a student who gets a credit card with no credit check.
6. Bank Americard Secured Credit Card
Bank Americard is suitable for students as it allows them to build credit. If you are looking for a credit card for no-credit students, you might be better off with a secured credit card. BankAmericard Secured Credit Card for no credit students is one of the best credit cards for students. The bank issues the card. A second-tier lender, meaning this credit card is issued by a bank, not a credit union.
The credit card is not based on your credit score or your credit report, but the bank will check your ability to pay for this card. You are taking your identification number (PIN), card number, security code, etc. The card is only granted to U.S. citizens. The card has no preset spending limit, meaning that you can get unlimited credit on this card. You can use the card to purchase goods and services over the internet or in stores. There is no annual fee for this card. The card comes with EMV technology. This is the future technology, meaning that the card has a chip instead of the traditional magnetic stripe.
7. U.S. Bank Secured Visa Card
The U.S. Bank Secured VisaCard is a great option available to students without credit history who want to build their credit rating. It’s a credit card for people with no credit history. If you maintain a positive balance, the APR is 13.99 percent, and if your balance falls into the negative, the APR is 25.24 percent. You can choose to upgrade your card to an unsecured card, and then you can apply for other cards in the future. This card is available to students with limited credit history, and you can get approval without a hard credit check.
You can also get a secured card from your local bank. You should be able to get one either through your bank or online. If you are trying to build credit, then secured credit cards are a good option for you. If you make your monthly payments on time and avoid exceeding your credit limit, you’ll build your credit rating and reduce your risk of facing higher interest rates or losing access to credit in the future.
8. Bank of America Cash Rewards Credit Card for Students
Bank of America’s Cash Rewards Credit Card for Students targets college students and young adults (under age 23) and offers attractive rewards and cashback on purchases. The Bank of America Cash Rewards Credit Card for Students is one of the best student credit cards you can get. It offers a *$200 cash reward bonus, 0% introductory period, and no annual fee.
If you are a student, you can benefit from the cashback, as store credit cards usually store your rewards as points and convert them into gift cards and such. The Bank of America Cash Rewards Credit Card for Students also offers a $200 cash bonus after you spend $500 in the first three months.
9. Petal2 “Cash Back, No Fees” Visa Credit Card
Petal2 “Cash Back, No Fees” VisaCredit Card for Students is a popular student credit card of its type. You can get a Credit Card for Students without a credit history of excellent features at a reasonable price. Since Bank of America provides the Petal2 “Cash Back, No Fees” VisaCredit Card for Students, there is no annual fee! Students can’t get an unsecured credit card with no annual fee.
The cashback program is simple. You earn cashback for every dollar you spend, which is paid into your Petal2 account. There are no special categories to track, no cashback caps, and no expiration dates on rewards. A great benefit of this card is the “No Fees” aspect.
The card has no balance transfer fee, no foreign transaction fee, and you will not even need to pay a high-interest rate! You can avoid producing all kinds of payments with the Bank of America Student Credit Card.
10. Chase Freedom Student credit card
The Chase Freedom Student credit card is exclusive to students in college but does not have a credit card yet. The Chase FreedomStudent credit card is excellent for students in college because it teaches them how to pay bills on time, it provides them with a credit limit that they can use to build their credit, it offers them a little bit of free credit in the form of rewards which they can use when they are in college. It does not have an Annual Fee.
The rewards points can buy merchandise and gift cards at top retailers like Nike, Best Buy, and Target. That is a general-purpose card, and you can use it for gas and online shopping. This card is for students with no credit background, and it has no annual fee.
What should you know about students’ credit cards?
There are a lot of things to think about before applying for a credit card. For one, you need to know if you even qualify for a credit card. If you have no credit, you are likely to be rejected. Students need to be careful before applying one. Many credit cards require that the applicant have at least some credit history before they are approved. If you are an international student with no credit history, this can be not easy. Remember credit card companies are there to make money. As a student, you don’t have a credit history or a steady income rather than your part time work in a restaurant or a super market. Those incomes don’t count as it is spent on your basic needs.
If you do qualify for a credit card, there are many things to consider. For example, how much does the credit card cost? What are the interest rates? How much does it cost to be late on a payment? What is the minimum amount? If you’re interested in learning more about what to look for when getting a credit card, check out this article. Remember that, it is challenging to find the top Credit Cards in 2022 for Students with No Credit and no income.
Colleges are expensive. They often require students to take out student loans to afford them. And when you take out a student loan, it isn’t always easy to pay it back promptly. That’s where credit cards come in. A credit card can be a valuable tool for paying back your student loans, but it’s not easy to get approved for cards when you have no credit history. But this list of the ten best credit cards for students who have no credit history should help you out! Just choose the best card that fits your needs, and you’ll be off to a good start.