What are the Best Credit Cards for High School Students?

Best Credit Cards for High School Students

As a high school student, it can be challenging to choose the right credit card. You may be looking for a card that can help you build credit, earn rewards, or make purchases online. However, not all credit cards are created equal, and some are better suited for students than others. In this article, we will discuss the bestcredit cards for high school studentsand what you should consider when choosing a card.

1. Secured Credit Cards

Secured credit cards are an excellent option for high school students who have little to no credit history. These cards require a deposit upfront, which acts as collateral for the credit limit. Secured cards report to the credit bureaus, which can help students establish a credit history. Some of the best-secured credit cardsfor students include the Discover it Secured and the Capital One Secured Mastercard.

2. Student Credit Cards

Student credit cards are designed specifically for students and often offer rewards, such as cashback or points, for purchases. These cards typically have lower credit limits and may have more relaxed approval requirements. Some of the beststudent credit cardsinclude the Discover it Student Cash Back and the Journey Student Rewards from Capital One.

3. Parent Co-Signed Credit Cards

Another option for high school students is to apply for a credit card with a co-signer, usually a parent or guardian. These cards may offer higher credit limits and more rewards than secured or student credit cards, but they also come with more risk. If the student cannot make payments, the co-signer is responsible for the debt. Some of the best parent co-signed credit cards include the Bank of America Cash Rewards Credit Card and the Wells Fargo Cash Back College Card.

Tips for Applying for a Credit Card

When applying for a credit card, there are a few things to keep in mind to ensure you get the best card for your needs.

1. Look forno annual fee cards: Many credit cards charge annual fees, which can eat into any rewards you earn. Look for cards that do not charge an annual fee.

2. Consider the interest rate: If you plan to carry a balance on your credit card, look for a card with a lower interest rate.

3. Build your credit history: Make sure the card you choose reports to the credit bureaus to help you establish a credit history.

4. Pay your balance in full: To avoid interest charges, make sure you pay your balance in full each month.

Conclusion

Choosing the right credit card as a high school student can help you establish a credit history and earn rewards. Secured credit cards, student credit cards, and parent co-signed credit cards are all options to consider. When applying for a credit card, look for no annual fee cards, consider the interest rate, build your credit history, and pay your balance in full each month. With the right card and responsible use, you can start building a strong credit history for the future.