![]() In comparison, Chase’s other reward-earning cards typically require at least good credit (FICO scores of 690 or higher) – a high bar for newbies to meet when it comes to credit. In fact, it’s really the only starter credit card that Chase offers. Student credit cards may require a co-signer if you are under the age of 21.įor products in its class, the $ 0 annual fee Chase Freedom Student credit card scores well, thanks to its credit features, strong incentives, and potential to upgrade to high-end Chase cards.Įven though you must be a student to qualify, the card’s pricing is favorable to those with poor or no credit records. Student credit cards typically have a lower credit limit and sometimes have higher credit approval rates for students with little to no credit history and limited incomes. What is a student credit card?Ī student credit card is a type of credit card designed and marketed towards students and recent graduates by banks and financial institutions. When used responsibly, a credit card can help college students establish and build their credit scores while benefiting from reward programs and cardmember perks. You may want to work with a parent or guardian to find out which student card is best for you and what types of perks and features benefit your current lifestyle.īefore applying and using a chase student credit card, it’s important to understand how the application process works (you may need a co-signer) and how you plan on keeping up with payments to avoid debt. Credit cards for college students are offered at many banks and financial institutions. Chase Student Credit CardĬhase Student credit cards could help young adults establish credit and build good financial habits for the future. Foreign transaction fee: 3% of the amount of each transaction in U.S. Redemption values may vary depending on which option you choose.ĪPR: The ongoing APR is 14.99% Variable APR. checking and savings accounts, Amazon purchases, travel, or gift cards. You can redeem your rewards for statement credit, a direct deposit into most U.S. Plus, cardholders get a complimentary three-month subscription to DashPass, DoorDash’s subscription service that provides unlimited deliveries for a $0 delivery fee on orders over $12.Įven though the Chase Freedom® Student credit card is marketed as a cash-back product, technically what you’re earning are Chase Ultimate Rewards points, which are worth 1 cent each when redeemed for cashback. Nerdy tip: Through March 31, 2022, the card also earns 5% back on qualifying Lyft services purchased through the Lyft app. Bonus: $50 Bonus after first purchase made within the first 3 months from account opening. ![]() Chase Student Credit Card Requirements Chase Freedom Student credit card: Basics Only one payment per billing cycle qualifies. ![]() You will be eligible for an automatic credit limit increase after you make 5 monthly payments on time within 10 months from account opening. Your Chase Freedom Student account must be open and not in default to maintain subscription benefits. The most creditworthy applicants can get starting credit limits of $5,000 or higher. The Chase Freedom Unlimited credit limit is $500 or more for everyone who’s approved. Chase Freedom UnlimitedĪs one of Chase’s no-annual-fee cash back credit cards, the Chase Freedom Unlimited is easier to get approved for than the Chase Sapphire Preferred Card or Chase Sapphire Reserve. Chase 2/30 – if you have more than two applications within the past 30 days, Chase will not approve you. However, some applications require further review.Ĭhase 5/24 – if you opened more than five credit card accounts within the past 24 months, you’ll automatically be rejected. As soon as you click submit, you should receive a decision within 60 seconds. A score above 700 is even better and gives you a strong chance at approval.Ĭhase approves most credit card applications instantly. That means you should have a FICO® Score of 670 or higher when you apply. Most Chase credit cards are intended for consumers with good to excellent credit scores. You’ll earn 1% cashback on every purchase you make, period. The Chase Freedom Student credit card is best for college students who want a simple card to earn rewards, without worrying about activating or keeping track of spending categories. The six Best Credit Cards For College Students
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