Q: Do you have to be a student to apply for a student credit card, or are these applicable for recent graduates as well?
Most credit card companies we spoke with will consider you for one of their student credit card accounts between your graduation date through the beginning of the following school year. Some issuers specifically ask for your school information on their applications, but most banks tend to rely on the honor system to keep prospective cardholders honest.
For students interested in applying for a credit card here are a couple student credit card offers:Discover it® for Students
Discover Financial Services has made bold moves into the student lending market over the past few years, pairing its private student loan products with a revamped rewards credit card. The student version of the Discover it card matches its full-fledged cousin on almost every feature, making this a card you can expect to carry well into your post-collegiate life.Citi ThankYou® Preferred Card for College Students - Earn 2,500 Bonus Points
Citi's rewards program benefits students with one ThankYou point for each $1 spent on purchases with the card and two ThankYou points per dollar spent on purchases for dining at restaurants and entertainment. As a new Card Member you can earn 2,500 bonus ThankYou® Points after spending $500 within the first 3 months of Card membership. This card's flexible billing options, global acceptance with Chip Technology and no annual fee are plus.
Student credit cards can benefit you the most when you keep your balance very low and you make your monthly minimum payment on time, every time. Don't worry if your credit limit isn't very high. At this time in your financial life, focus on saving money and building banking relationships instead of diving deeper into debt.