Which Credit Card is Best for Graduate Students

Updated on Jul 26, 2017

*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

*Disclaimer: This article is accurate as of the publish date October 26, 2013

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Top Answer: Submitted by Chucks A.

Finding a credit card as a graduate student doesn't have to be hard. Since only 2 percent of undergraduates have no credit card usage, according to a Sallie Mae study, most graduate-level students already have a credit card. The question is, how is your credit? And, are you still in school?

Credit Cards While in School

If you are still in school and need to boost your credit score, numerous student credit cards are available to help you to do just that. Student credit cards like the Journey® Student Rewards from Capital One® are effective because you don't have to have good credit to get them. This card has an APR of 24.99% (Variable), $0 annual fee, and offers 1% cash back on all purchases; 0.25% cash back bonus on the cash back you earn each month you pay on time.

The Discover it® for Students is another good example. For graduates, this credit card offers an intro APR of 0%* for 6 Months on purchases, with an on-going APR of 13.99% - 22.99% Variable, depending on your credit worthiness. You earn 5% cash back in rotating categories each quarter like Amazon.com, restaurants, ground transportation and more, up to the quarterly maximum each time you activate; 1% cash back on all other purchases and there's no annual fee.

Improving Credit Graduate Credit Cards

If, as a graduate student, the credit cards in your wallet are not offering the best APR's for you, consider investing in a new offer. If you've worked to improve your credit score, it may be time to look for new offers. The following may fit your needs, but at this point, you'll need to choose what's best for your specific needs.

  • If you plan to do a lot of traveling to and from school, the Capital One® VentureOne® Rewards Credit Card is the route to take. You'll earn 1.25 Miles per dollar on every purchase, every day. There is an APR of 0% intro on purchases for 12 months with a regular APR ranging from 12.99% - 22.99% (Variable). There are no foreign transaction fees either.

Graduate student credit cards need to play to your needs. According to Nellie Mae, the Sallie Mae student loan agency, graduate students carry more than $12,000 worth of credit card debt. Keep this in mind as you go through your last years of school. Wise financial management can help you to avoid leaving school with thousands of dollars worth of debt. The right credit cards can help.

*Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.

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