- Easier approval: Issuers weigh factors like enrollment status and modest income (including allowances or part-time work) more leniently than with standard cards.
- Lower credit limits: Limits tend to start smaller, which can actually help you avoid overspending.
- Fewer perks: Rewards, if offered, are usually modest — think cash back on everyday categories like dining and groceries.
- Sometimes a report card bonus: A small number of student cards offer a cash reward for good grades, though this is less common than it used to be.
What to Look For
- No annual fee.
- Reports to all three credit bureaus.
- A clear, reasonable APR, even though the goal is to pay in full every month.
- A path to graduate to a standard card with the same issuer after you build history.
How to Use a Student Card Responsibly
- Use it for one recurring expense, like a streaming subscription or gas.
- Pay the full statement balance every month to avoid interest.
- Keep utilization low — under 30%, ideally under 10%.
- Avoid treating the credit limit as extra spending money.
Requirements to Apply
Under federal rules, applicants under 21 generally need to show independent income or have a cosigner, or demonstrate the ability to make payments, since card issuers must verify an applicant’s ability to repay before approving them.
Frequently Asked Questions
Do I need a cosigner for a student credit card?
It depends on your age and income. Applicants under 21 without sufficient independent income often need a cosigner or proof of ability to repay.
What happens to my student card after I graduate?
Many issuers automatically upgrade you to a standard version of the card once you’re no longer a student, or you can apply for a new card at that point.
Can I get a student card with no credit history?
Yes, that’s the main purpose of these cards — they’re designed for people with little to no credit history.
Is a student card better than a secured card for building credit?
Both work similarly for building credit. A student card doesn’t require a deposit, which can make it more accessible if you don’t have cash to put down.
Disclosure: This article is for educational purposes only and is not financial advice. Some links on this site may earn us a commission at no cost to you. Read our affiliate disclosure and full disclaimer. Card terms change often, so confirm current rates and fees with the issuer.