What is the best ravel credit card for students? The best credit card for international students is the Bank of America® Travel Rewards Credit Card. I have used several credit cards as a student, but the best travel credit card for students among them all is none other than the Bank of America® Travel Rewards Credit Card for Students. This credit card comes with a load of benefits and features including travel capabilities.
More so you will enjoy other features and options that are beneficial such as no annual fee, no charges whenever you travel and using a card to book your tickets and make reservations online, either in advance or at the time you need it, and many more benefits.
There are other options for the best travel credit card for students that will also be discussed in this material, but the Bank of America® Travel Rewards Credit Card for Students standout among them all.
Best Travel Credit Card For Students
There are many credit card options for students, however, not all of them have incredible features that suit the need of students, especially in terms of travelling.
If you are a student planning to travel internationally with a credit card and at the same time enjoy other benefits, I strongly recommend that you opt for the Bank of America® Travel Rewards Credit Card is a great choice and the overall best credit card for students.
Features Of Bank Of America® Travel Rewards Credit Card For Students
Following are common features you will enjoy as international students using the BOA travel credit cards;
The first benefit you will enjoy once you are offered this card id s 25,000 online bonus points, that is if you make a minimum of $1,000 in purchases within the first 90 days of opening your account.
Rewards and Unlimited Points
You get to earn an unlimited 1.5 points every time you spend $1 on all purchases everywhere. Best of all, there is no expiration on points and you can make use of them anytime as long as it is valid.
Low Introductory APR Offer
Among the motivating features that made me opt for this card is the excellent offer of 0% Intro APR for your first 15 billing cycles for purchases. However, you will be charged a Variable APR that’s currently 15.49% to 25.49% when the intro APR offer ends.
No Annual Fee, and no Foreign Transaction fees
The options provided by this credit card keeps getting better when I found out that it has an annual fee of $0, and no transaction fee. This card could be perfect for you if you are studying abroad as well.
Establish Good Credit Habits
The features go further to managing your bank accounts and finances online using the bank’s Online and Mobile Banking app. Students will be able to stay in control of their finances and make payments using these two features.
Also, you will be able to access your FICO® Score which is updated for free every month, within your Mobile Banking app or via Online Banking. All you need to do is to activate the option to receive your score.
This will help you be in the know of the key factors affecting your score, as well as other vital information that can help you keep your credit healthy.
Summary of Interest Rates & Fees
The interest rates and fees applied to obtain this credit card are:
- 0% for 15 billing cycles for Introductory APR and it applies to purchases
- For standard APR, there is a variable of 15.49% – 25.49% that applies
- The annual fee is $0
- You will be charged 3% for the Balance Transfer Fee. This applies to each transaction (minimum $10).
Safety and Security
Another reason why you ought to opt-in for this credit card is that the Bank of America allows you to add a PIN to the card. This makes it easier and safe to use the card in international terminals that require EMV chips and PINs.
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Also, the card is designed with impeccable security features such as contactless chip technology, a paperless statement option, account alert, and digital wallet technology, among others.
Benefits and Disadvantages of Bank of America® Travel Rewards Credit Card for Students
The benefits of obtaining a Bank of America® Travel Rewards Credit Card for Students are:
- Excellent initial welcome offer
- Solid return on all of your spending
- $0 annual fee
While the cons of obtaining a Bank of America® Travel Rewards Credit Card for Students are:
- Rewards aren’t worth as much if you redeem for gift cards or cash
- Rewards can only be redeemed if you have at least 2,500 rewards points
What is the Best Travel Card for Students?
Talking about the best travel card for students, the top recommended is Deserve® EDU Mastercard for Students. Why is this our top recommended best travel card for students? Because it offers students a way to earn basic cash-back rewards.
Also, it provides the student with an opportunity to build better credit without an annual fee or a deposit.
Although Deserve® EDU Mastercard for Students may lack the necessities when compared to cards from bigger banks, it provides some beneficial factors that students might find useful, just as it is innovatively designed with technology.
Features Of Deserve® Edu Mastercard
Below are some of the incredible features of Deserve® EDU Mastercard for Students
Upon signing up and successfully issuing this card, you will be rewarded with a welcome offer of up to $59 of Amazon Prime Student subscription reimbursement after spending $500 in the first three months of card membership.
You also stand a chance of winning rewards such as one year of Amazon Prime Student on Deserving after spending $500 within the first three billing cycles with your EDU card (Lifetime Value of $59).
Also, you will earn 1% cash back on each purchase you make with your Deserve EDU Mastercard. You’ll automatically start earning cash back on all purchases once it is approved.
Introductory and Regular APR Offer
Interestingly, there are no Introductory APR charges however, Regular APR charges apply at a 20.24% Variable.
Annual Fee, Foreign Transaction Fees, and Balance Transfer
Another yet incredible feature this card offer is the $0 annual fee, and $0 foreign transaction fee on purchases abroad, meaning you can travel with confidence. Also, there is no over-the-credit limit fee, however, there are several other fees to keep track of.
Safety and Security
The card is equipped with safety measures such as spending management and tracking. Also, automatic payments are set up and you can monitor your spending via the mobile app that can also securely freeze your card in case of any suspicious activity.
You can also take part in the Refer A Friend Program. You have a unique personal referral code which you can use to refer friends, family, and other prospects. You earn $30 for each successful prospect that is approved, card activated and use. Interestingly, referral bonuses are unlimited!
Cell Phone Protection
The Deserve EDU card has emerged to compete and has stamped itself among the few cards designed for limited credit to offer cell phone protection. You will be covered up to $600 per claim (minus a $50 deductible) If you charge your cellphone bill to the Deserve EDU Mastercard.
So, should your phone be damaged or stolen, you are covered and no need to panic or fear.
Pros and Cons of Deserve® EDU Mastercard
Just as the Deserve® EDU Mastercard for Students comes with extra benefits, it also has some drawbacks, all of which are outlined below.
The benefit of Deserve® EDU Mastercard for Students include:
- $0 annual fee
- $0 foreign transaction fees
- Offers useful benefits such as cell phone protection
- There is no need for a credit score or to provide a Social Security number to apply, making it easy for international students to qualify.
- Offers students Mastercard Platinum benefits, including cell phone protection up to $600 per claim. You can get up to $1000 across two claims per year.
- No deposit is required
The drawback of Deserve® EDU Mastercard for Students include:
- Cash-back rewards are limited to 1%
- You will be charged a late payment fee of up to $25
- Unconventional Welcome bonus
- The 20.24% variable APR is relatively high compared to some student cards.
- You won’t be able to withdraw cash advances on this card
- You won’t be able to make balance transfers
Which Card is Best for International Travel?
Many cards can be used for international travel but our best pick is the Discover it® Miles. This credit card has redefined travel rewards and will make you relax, just as I do whenever I travel abroad.
Discover it® Miles offer no annual fee charge, earn 1.5x Miles on every dollar of every purchase (no minimum miles earn) – automatically.
With Only Discover it® Miles can you earn an unlimited match of all the Miles you’ve earned at the end of your first year (if you earn 35,000 Miles, you get 70,000 Miles). Interestingly, the Miles you earned can be redeemed either for cash or as a statement credit towards a travel purchase.
More so, you get 0% Intro APR for 15 months on purchases, afterwards, 13.49% – 24.49% Variable APR applies. The best part of it all is that Discover card is accepted worldwide by 99% of the places that accept credit cards.
Can College Students Get Credit Cards?
The short answer is yes: college students can get credit cards. There are many card options from different banks ranging from large banks to evolving banks, and there are many college students that use their credit cards to pay for things like tuition and textbooks.
However, we advise that before applying for a student credit card, make sure you understand how credit scores work and how it affects your borrowing decisions.
Best Credit Card for Graduate Students
The best credit card for graduate students is the Petal 2 Visa Credit Card. There are a lot of reasons why we recommend this card base on our experience.
Foremost, credit cards for graduates should feature low annual fees and offer high approval odds to relatively inexperienced applicants.
Also, such credit cards should be able to report account information to the major credit bureaus each month, so that graduate students can have the opportunity to build their credit history.
Petal® 2 Visa® Credit Card is our top pick because it offers No charge for the late fee, foreign transaction fee, annual fee, and any other kind of fee. There is no need for a credit score to qualify, and no deposits are required
Also, Variable APRs are within the range of 14.49% – 28.49%, and the card offers $300 – $10,000 credit limits.
However, the downside to this card is that there are no rewards bonuses, no intro APR on purchases, and no balance transfers allowed.
In terms of reward, you will earn up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments. Also, you will have 1% cash back on eligible purchases right away, and a 2% – 10% cash back at select merchants.
Best Credit Cards for Students With no Credit
There are a lot of credit cards for students with no credit, but the overall best is the Discover it® Student Cash Back. We picked this card because it offers students with limited or average credit scores to gain experience managing credit.
Also, there is no annual fee and no penalty APR. Not forgetting that you can earn up to 5% cash back rewards in rotating categories, making this card the first choice for us.
- A credit score is not required to qualify.
- You get an unlimited cashback match as an intro offer. Discover will automatically match all the cash back you’ve earned at the end of your first year, making it possible for you to turn $50 to $100, or turn $100 into $200.
- You can earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations and when you pay using PayPal, up to the 4-months maximum when you activate. Also, you will automatically earn unlimited 1% cash back on all other purchases.
- Provide security and safety features through the mobile app such as removing your personal information from select people-search websites.
- No annual fee
- 0% intro APR on purchases for 6 months. Afterwards, the standard variable purchase APR of 14.49% – 23.49% applies.
Other recommended credit cards for students with no credit are;
- Bank of America® Travel Rewards credit card for Students
- Discover it® Student chrome
- Capital One SavorOne Student Cash Rewards Credit Card
- Bank of America® Unlimited Cash Rewards for Students
- Chase Freedom® Student credit card
Credit card has improved the livelihood of many students allowing them to purchase all necessary items as well as help them manage their credits and finance. You can choose any of the credit card discussed in this material for your personal use.