SEATTLE, WA--(Marketwired - Aug 12, 2014) - Need a little extra help to buy all of those books and binders? Here are three of the best credit cards for the upcoming school year as ranked by Creditnet.com.
As summer draws to a close, more and more creditors are trying to entice parents, teachers and even college students with credit cards that offer everything they need for back to school shopping. Creditnet, one of the leading credit card evaluators on the web, has recently made a list of the best brands for the job. Here are just three credit cards that will keep students well-stocked in all the school supplies they might need.
1: Discover it chrome
It's the nature of kids not to disclose everything on their school supply lists until the last minute. Thankfully, Discover it chrome will have its carriers covered no matter how suddenly little Sara announces that she needs to bring 20 boxes of tissues to class. Offering more than a year of zero percent APR, the chrome is perfect for parents who need to buy now and worry about the bills later. Even after the 14 month grace period is up, their APR might be as low as 10.99 percent.
That isn't the only way the chrome can benefit budget-minded parents, however. It also boasts no overlimit fee and no annual fee. It won't even charge for the first late payment. In addition, carriers can monitor their credit score at no charge thanks to its free monthly FICO statements.
In terms of rewards, the chrome offers a steady way to earn. Cardholders will enjoy 2 percent cash back whenever they make purchases at restaurants or gas stations; they'll receive 1 percent cash back for everything else. The $1,000 limit resets every quarter, so rewards can be earned the entire school year. When Sara comes back in the spring and requests 20 more boxes of tissues, the chrome will provide.
2: Citi ThankYou Preferred Card for College Students
For students who need money fast, the Citi ThankYou Preferred Card actually rewards heavy spending by offering 2500 points when at least $500 is spent during the first three months as a cardholder. This means that all those expensive textbooks will actually pay for themselves when points are converted to rewards at the end of the quarter.
The ThankYou card also offers incentives for spending when it comes to restaurants, diners, movie theaters, convenience stores and even virtual downloads. Carriers will earn 2 points for every $1 spent on everything listed above. For recreation not covered by the double-point offer, they'll still earn a single point for every $1. This essentially translates into points every time the ThankYou card is swiped for any reason.
How can points be spent? This is where the ThankYou card really shines for those whose finances are tangled up in education. ThankYou points can be redeemed as payments on student loans! Now that's a card worth considering for college students.
3: Barclaycard Rewards MasterCard - Average Credit
It can be difficult to rebuild one's credit after a rough patch, but the Barclaycard Rewards MasterCard - Average Credit makes it easy, offering a quick and affordable way to bring credit back from the brink while also covering all back to school needs.
For starters, applicants aren't required to have a sterling financial history to get approved; like the name implies, those with average or even slightly below-average credit are encouraged to apply. There aren't any hidden fees or complicated contracts, either, meaning that parents can buy crayons and glue sticks without worrying about surcharges twice their worth. The goal of the Barclaycard is to reestablish carriers as responsible spenders one purchase at a time.
In terms of rewards, the Barclaycard offers 2 points for gas and grocery and 1 point for everything else. Points can be redeemed at any time and spent like real cash at almost all major retailers.
Parents can buy all their child's school supplies. Teachers can stock their classrooms on their too-small salaries. Everyone wins with a Barclaycard.
These are just three of the best credit cards for back to school shopping. It doesn't matter if their applicants are parents, guardians, educators or students of their own; these are the cards that have been vetted by Creditnet.com as the ones worth having.
Creditnet is an authority credit card comparison site that offers innovative comparison tools to help users find the best credit card for their needs. In addition, the Creditnet Credit Talk Forum is a community of over 100,000 members that discuss credit cards, credit, debt, and credit repair daily.