Discover offers a student credit card with no annual fee and a 13.995 variable interest rate. The card has a 0% APR for nine months. This is ideal if students only carry a balance on the card during that time. The balance will not have any interest charged until the 0% period expires. Once it expires the card can still be used but the balance should be paid in regular intervals to avoid interest charges.
The Student UPside Visa is a prepaid credit card with a $3 monthly fee. The card is ideal for parents who want to give students an allowance. The card will only function for the prepaid amount and the students will not be able to overdraw. The card teaches students how to budget and control their spending habits.
The Citi Platinum Card for College Students offers a point system with one point for every dollar and five points for every dollar on special purchases. The credit card also offers 2,000 points for a good GPA each semester. The points are used towards prizes and products. The card does not have an annual fee and it has a 0% APR for the first seven months. The interest rate is variable from 13.99 to 22.99 percent after the first seven months.
The Walmart MoneyCard Visa is a prepaid card with a $3 monthly fee. The card is used to pay bills and at all vendors who accept Visa. The card accepts direct deposit payments and users receive one percent cash back on all gas purchases. The card does not allow students to overdraft.