The Wells Fargo College Credit Card
When a student receives this credit card, Wells Fargo will eliminate interest for six months. Subsequently, the account will feature an interest rate of 11.4 percent to 21.4 percent. The card provides financial rewards that will equal 3 percent of purchases that are related to groceries, specific stores and gas. Generally, the credit card offers a grace period of 25 days.
The card allows students to obtain cash advances; however, a person who receives a small loan will have to provide an extra payment that is equivalent to 5 percent of the advance. Furthermore, every cash advance has a minimum fee of $10.
The Journey Rewards Credit Card From Capital One Financial Corporation
This credit card does not have a yearly fee, and in contrast to most financial institutions, the issuing bank will not charge additional fees if the customer makes transactions in a foreign country. The account provides a grace period of 25 days, but if a client makes a late payment, the bank will charge a penalty of $35. Furthermore, the card does not necessitate a fee if a student’s balance exceeds the card’s credit limit.
When a customer provides a payment on time, the card offers financial incentives that equate to more than 1 percent of the price of each purchase during the next month. The points will not expire, and unlike many banks, Capital One Financial Corporation does not impose a limit on the number of points that a client may earn.
State Farm Bank’s Student Visa Credit Card
This credit card is designed for customers who have fair credit or a credit history that is limited. The card features an interest rate of 11.4 percent to 18.4 percent, and students may earn points when they make any types of purchases. While using the card’s points, a customer can buy tickets, retail merchandise and services that are related to traveling.
Capital One Financial Corporation’s Secured Credit Card
Typically, a student will be approved for this credit card regardless of the individual’s credit score, yet the customer will have to make a deposit of $49 to $200. The card generally provides an initial credit limit of $200 to $300. According to Capital One Financial Corporation’s terms, the bank may raise the student’s credit limit once the customer has consistently made payments for at least five months.
The financial institution does not require a fee if the account’s balance exceeds the limit, and students may obtain a cash advance for a minimum fee of $10. Typically, the credit card has an interest rate of 24.9 percent.
Citibank’s Preferred Card for College Students
Once a customer begins to use this card, Citibank will not charge any interest for seven months. Subsequently, the card will have an interest rate of 14.2 percent to 24.2 percent. If the student has spent at least $500 during the first three months, the bank will also offer 2,500 bonus points.
The card does not have an annual fee, and the credit card provides a grace period of at least 20 days. Additionally, Citibank manages an exclusive program that allows customers to purchase tickets that may no longer be directly available to the public. These tickets are typically for concerts, annual events, conferences, plays and events that are related to multiple sports.