Top 10 Best Credit Card for Medical Students

It goes without saying that banks don’t issue regular credit cards to students. Gladly, some companies have tailored student credit cards for medical students by considering our unique needs.

And I will help you find the best credit card for medical students. Because I know how disheartening it is not to get a credit card according to your need. Besides, you can’t secure a satisfactory credit score without credit cards.

You see, banks offer credit cards to those with sizable income levels. The reason for that, credit companies can rest assured that those people will eventually pay them back.

Best Credit Card for Medical Students

Not to mention – medical students will have huge student loan debt, a limited income, or income at all.

Overall, these are why the banks do not count medical students as reliable as clients who have a steady income.

However, it’s not your fault for having a scant credit file as a student. To help you in this struggle of credit card acquisition, I have rounded up the 10 best credit cards for you.

These cards feature lower credit limits, reduced interest rates, no annual fees, and some rewards incorporated. Let’s have a look at the credit cards one by one.

1. Bank of America® Customized Cash Rewards for Students

This card will allow you to get a customized cashback option. Moreover, you will have cash back at grocery stores and wholesale shops. Also, you can change the choice category online.

And, this change is possible once a month. You will have a huge reward bonus after purchasing a specific amount.

What is It Offering?

• No annual fee
• 3% cashback in the customized category
• 2% cashback for grocery shopping and at wholesale clubs
• 1% cashback on other purchases

2. Discover it® Student Cash Back

If you want to experience the real management of credits, this is the card you need. It’s most suitable for students with limited or average credit scores. There are introductory offers, cashback, and rewards too.

What is It Offering?

• No annual fee
• Unlimited cash back at the end of the first year
• 5% cashback at places like- grocery stores, restaurants, gas stations, Amazon.com and so on
• Refer a friend reward
• Account freezing

3. NIHFCU Visa Signature Cash Rewards

This is for new medical practitioners. In fact, users consider it the best choice for new doctors. Learn more about this card since you want to establish a good credit score. And, let’s see if this is one you want.

What is It offering?

• No annual fee
• 2 reward points on every dollar paid while travelling
• Donating to NIH charities using the rewards
• 3% cash back on gas
• 2% cash back on groceries
• 1% cashback on the rest of the purchases

4. Discover It® Student chrome

This is another card from Discover. If you are seriously aiming to build credits, this is one of the best credit card options for medical students. This card will allow you to join an effective reward program, acceptable APR. Check what it has to offer.

What is It offering?

• No annual fee
• Introductory offer
• 2% cash back on gas purchases and on restaurant bills
• 1% cashback on purchasing other items
• Refer a friend

5. Bank of America® Unlimited Cash Rewards for Students

The best thing about this card is there is an opportunity for unlimited cashback. Also, there is no restriction on the cashback amount. Moreover, the rewards will never expire. Let’s look at its key features.

What is It offering?

• No annual fee
• Unlimited 1.5% cashback on all purchases
• Unlimited and non-expiring cash rewards
• $200 cash rewards after $1,000 of online purchases in the first 90 days

6. Bank of America® Travel Rewards Credit Card for Students

This credit card is for a medical school student who is residing abroad. Students studying abroad have to pay a big load of foreign transactions. Also, they have to pay an annual fee. If you get this card, you won’t have to pay any fees.

However, it’s not the best card for balance transfers. Also, the introductory APR is only applicable to all purchases. Let’s know more about the card.

What is It offering?

• No annual fee
• No foreign transaction fees
• Flexible timing for reward redemption
• Big welcome bonus, and it’s easy to earn

7. Capital One SavorOne Student Cash Rewards Credit Card

You could be a running university student. Or, maybe you are a student at a community college or other educational institution- this card is for everyone! I mean, if you are pursuing higher education in any institution, this card is a good option for you. There’s more to it.

What is It offering?

• Unlimited 3% cashback on groceries, dining, entertainment
• 8% cashback on Vivid Seats tickets
• No annual fee
• No foreign transaction fees
• No hidden fees
• Cashback reward never expires
• higher credit line within 6 months
• $0 fraud liability for lost or stolen card

8. Bank of America® Unlimited Cash Rewards for Students

The card offers the best APR for medical students. Also, it contains unlimited and a decent reward rate. There is a cash reward, but it’s a small amount. However, in some cases, no reward is small.

What is It offering?

• No annual fee
• Excellent introductory APR on all purchases and balance transfers
• $200 cash reward
• Includes welcome bonus
• Unlimited cashback
• Rewards never expire

9. Deserve® EDU Mastercard for Students

This is another best credit card for international medical students. If you have no credit history as an international student, you surely need to check this card out. It has so much to offer you if it suits your circumstance.

For instance, you will get 1-year access to Amazon prime students once you spend $500. But this card only offers 1% cashback. Also, the APR is high. Let’s look at the features.

What is It offering?

• No annual fee
• No foreign fees
• No foreign transaction
• Up to $600 Cell phone protection
• Social security number is not required to apply for the car
• Automatic 1% cashback on all purchases upon approval
• Refer a friend bonus

10. Chase Freedom® Student Credit Card

You will earn a good bonus on the first purchase within the first 3 months of receiving the card. Also, there is a small amount of cashback on kind of purchase. Also, you will get a cash reward on every anniversary for a couple of years.

In addition, you will get an increased credit limit after paying for 5 months with the card. The cash redemption policy is supper is flexible. Let’s have a look at its main features.

What is It offering?

• No annual fee
• $50 welcome reward following the first purchase done within the first 3 months
• 1% cashback on all purchases
• $20 account anniversary reward for the first five years
• The credit limit increases after 5 timely payments
• Free credit score
• Redeem cashback reward of any amount
• Cashback reward never expires for active accounts

Concluding Remarks

Now, you know about the 10 best credit cards for medical students. Note that you must consider a few things before getting a credit card.

First of all, you must make sure you are ready to get a credit so you pay the bills on time. Or, you can consider taking secure credit if you don’t trust yourself.

Furthermore, you need to be properly educated about handling credit cards because various kinds of fees are included.

To know better about a card, you better read the terms and conditions. In terms of comparing cards, you need to check the credit limit and incentives.

In addition, you need to determine what purpose you are getting a card on. There is one more thing! The amount of cash rewards.

Before choosing a card, decide if you want a big reward at the beginning. Or do you prefer smaller rewards at a regular interval?

FAQ

You will find the answer to a few more queries here. Some of them are related to the main topic, and some will help you get extra information.

Check the questions below to clarify any further confusion.