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By Drew Austin

You’ve made it to college and now you have some important decisions to make.  One of those important choices is going to present itself front and center on your first night out at the bars.  You will realize it is a lot easier to get drunk and party when you leave your credit card at the bar rather then paying cash for each drink.  Although it is a very dangerous move and I am supposed to recommend against that, truth is, having some plastic in your wallet is necessary.  Not only for convenience but it isn’t a bad idea to start building your credit.  So when you spend thousands of dollars on alcohol, food, and strip clubs, but pay it in a timely manner, the real world will think your a responsible young man upon graduation.  Little do they know right…

So that leaves us with one puzzling question, “What Credit Card should I choose?”  Walk around the campus your first week at school and you will notice credit card companies pushing you to sign up for their card like your one of the Jonas Brothers at Disney Land.  But there is more than meets the eye to picking the correct card.  Each credit card offers unique rewards, some that fit better than others in your lifestyle.  If you have to fly to and from college every time you want to go home, maybe a JetBlue card is best for you.  You will receive miles for spending money and that will turn into free flights.  If you drive 5 hours to school every time you leave for a holiday (like I did), maybe the Discover Student Open Road Card is the proper choice.  It gives you cash back whenever you buy gas, and you gain points by spending money on the card that can be used to obtain free gas.

I listed a few cards below, but – bottom line – do a little research and decide which card fits best into your lifestyle.  Any card with alcohol rewards seems like it would be the proper choice.  If you do find that card, let me know, even out of college that seems like it would be the most strategic card for me!

Citi® mtvU Platinum Select® Visa® Card for College Students

Card Features

  • 0% APR* on purchases and balance transfers for 6 months if you qualify based on your application and credit history.*
  • Earn 5 ThankYou Points® for every dollar you spend at restaurants, bookstores, record stores, movie theaters and video rental stores.
  • Earn 1 ThankYou Point for every dollar you spend on all other purchases.
  • Earn 25 ThankYou Points every month when you pay on time and don’t go over your credit limit.
  • Earn up to 2000 ThankYou Points twice a year for maintaining a good GPA.
  • Redeem points for gift cards, travel, electronics, music and more.
  • No Annual Fee.
  • 10% discount on music and entertainment products at
    shop.mtv.com
  • Access to exclusive mtvU experiences like free concert tickets,
    tickets to the mtvU Woodie Awards or VIP status at mtvU’s Spring Break

Issuing Bank
Citi
Credit Score Required
Limited or None (0+)
Sign Up Bonus
0 Points
APR
  • Purchases 0.00% for 6 months
    17.24%–21.24% thereafter
  • Balance Transfers 0.00% for 6 months
    17.24%–21.24% thereafter
Balance Transfer Fee
3.00%
Annual Fee
$0
Rewards
  • Music
    5 point(s) per dollar
  • Books
    5 point(s) per dollar
  • Restaurants
    5 point(s) per dollar
  • Fast Food
    5 point(s) per dollar
  • Movies & DVDs
    5 point(s) per dollar
  • All Other
    1 point(s) per dollar
Cash Value of Rewards (est.)
0.5¢ per point

Discover Student Card – Tropical Beach

Card Features

  • Build your credit with the card that fits your style.
  • 5% Cashback Bonus on the things you buy all year in categories like travel, home improvement stores, department stores, gas, groceries, restaurants, and many more.
  • Up to 1% Cashback Bonus on everyday purchases, automatically.
  • Unlimited cash rewards.
  • No annual fee.
  • Choose from over 150 Student Credit Card designs.
Issuing Bank
Discover
Credit Score Required
Limited or None (0+)
Sign Up Bonus
$0 cash
APR
  • Purchases 0.00% for 6 months
    14.99% thereafter
Balance Transfer Fee
$75 or 3.00% of the balance — whichever is less
Annual Fee
$0
Rewards
  • Groceries
    5% cash back
  • Restaurants
    5% cash back
  • Movies & DVDs
    5% cash back
  • All Other
    0.25% cash back up to $1,500
    0.50% cash back up to $3,000
    1% cash back over $3,000

Discover Student Open Road Card

Card Features

  • Save at the pump while building your credit.
  • 5% Cashback Bonus on your first $100 in gas and auto maintenance purchases each month.
  • Up to 1% Cashback Bonus on everyday purchases, automatically.
  • 0% Purchase APR for 6 months, 14.99% variable APR thereafter.
  • No annual fee.
  • Unlimited cash rewards.
Issuing Bank
Discover
Credit Score Required
Limited or None (0+)
Sign Up Bonus
$0 cash
APR
  • Purchases 0.00% for 6 months
    14.99% thereafter
Balance Transfer Fee
$75 or 3.00% of the balance — whichever is less
Annual Fee
$0
Rewards
  • Gas & Fuel
    5% cash back
  • Service & Parts
    5% cash back
  • All Other
    0.25% cash back up to $1,500
    0.50% cash back up to $3,000
    1% cash back over $3,000
Tags : AlcoholBarsCredit CardsDiscover Student CardOpen Road CardVisa MTVU Card
Kathrina

The author Kathrina

Kathrina is an enthusiast of all-things college lifestyle. She's the expert!

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