Business Credit Cards

Introduction

As a student, having a credit card can be a great way to build credit, track expenses and make purchases. However, it is important to find a credit card with a low Annual Percentage Rate (APR) to avoid high interest charges. In this article, we will discuss the best credit cards for students with low APR in 2021.

1. Discover it Student Cash Back

The Discover it Student Cash Back card is a great option for students looking for a low APR credit card. The card offers 0% APR on purchases for the first six months and a variable APR of 12.99% - 21.99% after that. This card also offers 5% cash back on rotating categories such as gas, restaurants, and Amazon.com up to $1,500 in purchases per quarter, and 1% cash back on all other purchases. Additionally, Discover will match all cash back earned at the end of the first year for new cardmembers. This card has no annual fee and no foreign transaction fees.

2. Bank of America Travel Rewards for Students

The Bank of America Travel Rewards for Students card is another great option for students looking for a low APR credit card. The card offers a 0% introductory APR for the first 12 billing cycles on purchases, and a variable APR of 13.99% - 23.99% after that. This card also offers 1.5 points per $1 spent on all purchases, which can be redeemed for statement credits to cover travel purchases. There is no annual fee for this card and no foreign transaction fees.

3. Citi Rewards+ Student Card

The Citi Rewards+ Student Card is a great option for students looking for a low APR credit card that also offers rewards. The card offers a 0% introductory APR for the first seven months on purchases, and a variable APR of 14.74% - 24.74% after that. This card also offers 2 ThankYou points per $1 spent at supermarkets and gas stations for the first $6,000 in purchases per year, and 1 ThankYou point per $1 spent on all other purchases. Additionally, this card rounds up to the nearest 10 ThankYou points on every purchase, making it easy to earn rewards quickly. There is no annual fee for this card.

4. Capital One QuicksilverOne Cash Rewards Credit Card

The Capital One QuicksilverOne Cash Rewards Credit Card is a great option for students with average credit looking for a low APR credit card that also offers rewards. The card offers a variable APR of 26.99%, but also offers 1.5% cash back on all purchases. This card also offers a credit limit increase after making your first five monthly payments on time. There is a $39 annual fee for this card.

Conclusion

Choosing a credit card with a low APR is important for students to avoid high interest charges. The Discover it Student Cash Back, Bank of America Travel Rewards for Students, Citi Rewards+ Student Card, and Capital One QuicksilverOne Cash Rewards Credit Card are all great options for students looking for a low APR credit card. Be sure to choose a card that fits your spending habits and rewards preferences, and always make payments on time to avoid late fees and damage to your credit score.