Navigating the world of finance as a student can be daunting, but finding the right credit card can provide both financial flexibility and a chance to build a solid credit history. 

What's in this Guide?

→ Why get a student credit card?

→ What to look for in a student credit card

→ Top student credit cards in the UK for 2024

→ Tips for using your student credit card wisely

→ Conclusion

Why Get a Student Credit Card?

Before diving into the top picks, let's discuss why you might want a student credit card in the first place.

1. Building Credit History: Establishing a good credit history during your student years can pave the way for future financial benefits, such as lower interest rates on loans and better credit card offers.

2. Financial Flexibility: A student credit card can provide a financial buffer for unexpected expenses or emergencies.

3. Learning Financial Responsibility: Managing a credit card responsibly can teach valuable financial skills, such as budgeting and timely repayments.

What to Look for in a Student Credit Card

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When choosing a student credit card, consider the following factors:

1. Interest Rates (APR): Look for cards with low or introductory 0% APR to minimise the cost of borrowing.

2. Rewards and Benefits: Some cards offer cashback, rewards points, or discounts that can add value to your spending.

3. Credit Limit: A lower credit limit can help you avoid overspending while still providing the benefits of a credit card.

4. Fees: Be aware of any annual fees, late payment fees, or foreign transaction fees.

Top Student Credit Cards in the UK for 2024

As most banks don't offer students credit cards it can be touch to get one. However, that doesn't mean they are not out there. If you are a student, one thing which might improve your chances of getting a card which is not made for students, is if you have a part-time job. Or, if you are studying part-time, a full-time job.

Here are our top picks for student credit cards in the UK for 2024:

1. HSBC Student Credit Card

Interest Rate: 18.9% APR (variable)

Credit Limit: Up to £500

Benefits: No annual fee, cashback on everyday purchases, and exclusive student discounts.

Why It's Great: The HSBC Student Credit Card offers a manageable credit limit and valuable rewards, making it a great choice for students looking to build their credit history responsibly.

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2. TSB Student Credit Card

Interest Rate: 19.9% APR (variable)

Credit Limit: Up to £500

Benefits: No annual fee, 0% interest on purchases for the first three months, and access to TSB's fraud protection services.

Why It's Great: With its introductory 0% interest period and robust security features, the TSB Student Credit Card is ideal for those who might need to make larger purchases and pay them off gradually.

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3. Santander 123 Student Credit Card

Interest Rate: 21.9% APR (variable)

Credit Limit: Up to £1,200

Benefits: No annual fee, 1% cashback on supermarket purchases, 2% on department stores, and 3% on travel.

Why It's Great: The Santander 123 Student Credit Card offers higher cashback rates, making it a fantastic option for students who spend regularly in these categories.

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Tips for Using Your Student Credit Card Wisely

1. Pay Your Balance in Full: To avoid interest charges, try to pay off your balance in full each month.

2. Set a Budget: Use your credit card within a budget to ensure you can pay off what you owe.

3. Monitor Your Spending: Keep an eye on your credit card statements and report any suspicious activity immediately.

4. Avoid Cash Withdrawals: Using your credit card to withdraw cash can result in high fees and interest charges.

Conclusion

Choosing the right student credit card can provide valuable benefits and set you up for future financial success. Consider your spending habits, financial needs, and the specific features of each card before making a decision.

With responsible use, a student credit card can be an excellent tool for building credit and managing your finances during your university years.