Home New mexico economy Best credit cards for college students with no credit – Forbes Advisor

Best credit cards for college students with no credit – Forbes Advisor

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The Capital One SavorOne Student Cash Rewards Credit Card offers great benefits and cash back, but won’t make it to the top of our list due to high APR, no welcome bonus and absence of an introductory TAP. With fantastic cash back rewards in high-spend categories, the rewards are big for restaurants, entertainment and groceries, but the risks of quickly accumulating debt if not paid off on time – at each time – are also quite high.

Awards: 3% cash back on all restaurants, entertainment, popular streaming services, and grocery stores (excluding supermarkets like Walmart® and Target®), with 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023.

Welcome offer: This card does not offer a welcome bonus.

Annual fees: $0

Other advantages and disadvantages: This card, like other Capital One student cards, has an APR of 26.99% (variable). That’s a high APR for a student card. Before applying for this card, make sure you understand what is APR and how does it work.

That being said, the high APR may be worth it due to its incredible benefits for a student card. Students should carefully assess whether the delicious rewards of this card are worth the high interest rate.