Getting your first credit card can be exciting but also intimidating at the same time. Particularly considering the numerous horror stories about utilizing them to accumulate debt. However, if you utilize them correctly, they may be fantastic tools for improving your credit score and helping you with your budget. A credit card gives you the chance to begin establishing your credit history and raising your credit score. When you apply for housing rentals after graduation, loans and mortgages, and even jobs, having a good credit history might be helpful. Here are our picks for the best credit cards for students.
NatWest Student Credit Card
The NatWest Student Credit Card is another great option for students. It has no annual fee, which makes it one of the best credit cards for students. The card also offers free travel insurance and 0% interest on purchases for the first 6 months. After that, you can choose between paying a low 9.9% APR (Annual Percentage Rate) or transferring your balance and having no interest at all! The NatWest Student Credit Card comes with a few other benefits as well, such as no balance transfer fee, cash withdrawal fee, or monthly account-keeping fee (like many other student credit cards). You’ll also get chip and PIN technology so you can use your card internationally without having to worry about being charged high fees by foreign ATMs. Finally, this credit card offers some nice perks like free mobile banking app access that allows you to check your balance at any time—plus access to an online portal where you can manage all aspects of your finances.
Santander Student Credit Card
Santander’s Student Credit Card is a good option for students as it has no annual fee and offers 0% on purchases for six months, as well as 0% on balance transfers for six months. The card also offers 4% cashback on all supermarkets, 2% cash back on gas and electricity bills and 1% cash back on all other purchases. It is one of the best credit cards for students that offers four-year validity. Students can save up to one-third off of most rail fares and must use online or mobile banking to be eligible for Retailer Offers. By using a Santander debit card or credit card at specified stores, you can receive cashback rewards of up to 15%.
HSBC Student Credit Card
The HSBC Student Credit Card is one of the best credit cards for students in the UK since it has no annual fee and a 9.9% APR that’s easily manageable for most people. Additionally, there are no extra fees associated with this card, which means you can use it to buy textbooks or take care of unexpected expenses without worrying about paying extra to do so. What’s more, HSBC offers a 24-month interest-free period on purchases which means that you won’t have to pay back your balance until after two full years! This is especially helpful when shopping around campus. This card will give you the opportunity to spend more than your budget, even something expensive that has been on your bucket list, which you were hesitant to buy.
Halifax Student Credit Card
The Halifax Student Credit Card is a good option for students because it has a low APR of 9.9% and no annual fee. It is among the best credit cards for students as it offers 0% on purchases and balance transfers for 12 months—giving you the flexibility to pay off your balance without interest charges during that time period. Whether your top priority is a balance transfer, paying no interest on purchases, or paying no charges abroad with a travel card, Halifax continually delivers some of the greatest credit card deals on the market.
Aqua Student Credit Card (Aqua)
The Aqua Student Credit Card is one of the best credit cards for students. It offers a 0% interest on purchases for six months, which is more than most other cards on the market. The card also comes with free travel insurance, mobile phone insurance and no annual fee. There are no balance transfer fees or cash withdrawal fees either. With this card, you can also apply for an overdraft facility if you need it. This isn’t the only good student credit card in the market but it does offer some unique benefits that might make it stand out from your other options as well as some standard features such as competitive rates and a low APR.
Conclusion
If you are a student, you may want to consider getting a credit card. This can help build your credit rating and give you some valuable experience with managing money. As you read, NatFax, Santander, Halifax, HSBC, Aqua, etc., are some of the best credit cards for university students planning to study abroad. It is important to make sure that the card is right for your needs, hence do your research before applying!
Thank you for reading this blog on ‘Best Credit Cards For Students In The UK’ If you’d like to read more, here are some blogs that may be of interest to you –
- What Is A Credit Score & Why Does It Matter?
- Student Bus Pass In The UK – Affordable & Hassle Free
- Weigh In The Cheapest Energy Suppliers In The UK
Looking for student accommodation abroad?
