The Best Credit Card For College Students | Summary and Q&A

TL;DR

Discover it card is the best credit card for college students due to its no annual fee, cashback rewards, customer support, and referral program.

Key Insights

• 💳 Credit cards can be a valuable tool for college students to start building their credit history.
• 🧑‍🎓 The Discover it card is recommended for college students due to its no annual fee, cashback rewards, and numerous benefits.
• 💳 Responsible credit card use, such as paying off balances in full, can result in increased credit scores.
• 💨 Referring friends to the Discover it card can be a way to earn additional cashback rewards and improve personal finances.
• 👋 The Discover it card offers good customer support and protection against unauthorized transactions.
• 💳 Credit cards should be chosen carefully with consideration for individual needs and financial goals.
• 💳 Building a positive credit history early can be beneficial for future financial endeavors, such as buying a home or car.

Transcript

and we are live hey guys what is going on and welcome back to the channel in today's video I'm gonna be sharing with you guys what the best credit card is for college students now if you're not in college if you're just getting into credit cards this is still gonna be applicable to you but if you are a college student congratulations on finding thi... Read More

Questions & Answers

Q: Why should college students get a credit card?

College students should get a credit card to build their credit score, which can be helpful when applying for loans, leases, or other financial commitments in the future. It also offers additional benefits and rewards.

Q: What are the common mistakes to avoid when getting a credit card?

One common mistake is thinking that any credit card will be suitable for a college student. Limited credit history makes it important to choose cards designed for beginners. Another mistake is carrying a balance, which can result in high-interest payments.

Q: What are the benefits of the Discover it card for college students?

The Discover it card has no annual fee, offers cashback rewards in diverse categories, provides protection against unauthorized purchases, and has a referral program that rewards both the referrer and the new cardholder.

Q: How does the Discover it card help with building credit score?

Paying off the card in full every month establishes a positive payment history, which is a crucial factor in building a good credit score. The card also offers free access to credit reports, allowing users to monitor their credit progress.

Summary & Key Takeaways

• The video discusses the importance of credit cards for college students and provides tips on how to use credit responsibly.

• The Discover it card is recommended as the best credit card for college students due to its lack of annual fees and various benefits.

• It highlights the cashback rewards, protection against unauthorized transactions, and the ability to refer friends for additional rewards.