Student credit cards are designed specifically for college students. Student credit cards tend to have lower limits because most students do not have a stable, full-time income. Some card issuers view students as trustworthy borrowers, while others treat them just like any other customer without a credit history. For students who manage their finances well, student credit cards offer convenience of payment and a path to establish a credit history. For students who mismanage their finances, the accumulated credit card debt can become a substantial financial burden over time.

Advantages of using student credit cards:

• Parents often encourage students to get a credit card because they see them as a tool to teach their children about financial responsibility
• Students can use monthly credit card statements to analyze their spending habits
• Credit cards offer the convenience of paying for goods and services over the phone or the internet.

Selected student credit card issuers:
Citibank Student Cards
Discover Student Cards
Capital One Student Cards