The Bank of America Cash Rewards for Students card comes with no annual fee. Moreover, college students are awarded $200 if they spend more than $500 within the first 90 days of securing the card.
APR rates range between 15.24% and 25.24% based upon the credit of the college student. However, APR only kicks in after 12 months of card membership. The Bank of America Cash Rewards for Students card furthermore offers 10% on cash back bonuses if the rewards are placed into a Bank of America savings or checking account.
Capital One Journey Card
The Capital One Journey card offers 1% cash back rewards for all charges. However, 1% increases to 1.25% if users punctually pay their bills. There are no bonuses and no annual fees. The Capital One Journey Card also comes with a 24.99% APR and foregoes all foreign transaction fees.
Discover It Secured Card
The Discover It Secured card is specifically designed for individuals who may be experiencing financial struggles or working to overcome bad credit. Therefore, there is no annual fee or late fees on the user’s first tardy payment. However, the Discover It Secured card does require a deposit between $200 and $2,500 for usage. The aforementioned deposit then becomes the allotted credit line.
