One of the most common questions new credit card holders ask is, “Should I get a Speedway card?”
You may be familiar with the name, as Speedway is one of the biggest US-based credit card companies. And you may be wondering if it’s worth it to apply for their credit card, considering they are such a well-known brand.
In this blog post, we will cover everything you need to know about the Speedway credit card and whether it’s the right fit for you.
What Is The Speedway Credit Card?
The Speedway credit card is one of the most popular credit cards among college students. And it’s not hard to see why. With some of the best rewards programs around, it’s easy to understand why.
The card isn’t a store card like most other credit cards. Instead, it works with more than 150 stores and restaurants across the country. If you make a purchase at one of those locations, the credit card company will give you a ticket (similar to a meal ticket) that you can use at another participating business.
The key to the card’s success is its dual rewards system. Not only does it offer great rewards for your everyday spending needs, but it also gives you a discount at participating stores. This makes the card a great choice for college students who buy food a lot – especially since it’s the most common reason why people get into trouble with credit cards in the first place.
Why Do You Need A Cash Back And Rewards Credit Card?
It’s no secret that college students are the targets of numerous credit card companies. After all, it’s an easy demographic to reach with a credit card. And with some of the best rewards programs around, it’s no wonder why.
But what are the rewards the student credit cards are offering these days? Most of today’s student credit cards offer either a 5% Cash Back or a 1% Bonus on all purchases. If you’re looking for a no-frills credit card and don’t need any kind of rewards, you may be better off applying for a standard credit card.
However, if you’re looking for cash back and rewards, there are a variety of options to choose from. The great thing about those reward options is that they don’t require you to make a purchase to earn them. This means you can get some rewards without even needing to leave the house. You can also use a credit card to make purchases online, where there are no rewards offered.
The Difference In Terms
When applying for credit cards, it’s important to keep in mind that not all cards are created equal. And this is especially important when comparing the various rewards programs. Not all rewards are created equal, either.
For example, the sign up bonuses that many credit cards offer aren’t always worth it. Unless you plan on using the card to make big-ticket items or purchases that incur high fees, it’s usually best to skip those types of bonuses. Better off spending your rewards on travel or shopping.
As for the annual fees, those aren’t always bad. It depends on the card and whether you need the perks it offers. For example, if you’re a fan of Amazon and plan on using the Amazon Smile credit card to make your purchases, the annual fee is probably worth it.
Nowadays, just about every credit card on the market has an annual fee. So if you need to spend a lot of money on fees, you may be better off looking for another type of credit card. On the other hand, the Amazon Prime Rewards Credit Card from Chase has no annual fee.
Should You Get The Amazon Or Chase Card?
Since we already established that the Prime Rewards Credit Card has no annual fee, let’s compare it to the Amazon Smile Credit Card. The Amazon Smile Credit Card is a great choice for anyone who loves to shop online. And considering there is no annual fee, it’s an excellent choice for those who know how painful it can be to keep track of all those pesky fees. You want to make sure you’re not missing any bills or notices from the credit card companies.
That’s not to say the Amazon card is a bad choice. It actually works great for anyone who shops online a lot. The rewards are very handy, and there’s no annual fee, either, which makes it very affordable. If you find yourself using your credit card a lot for online purchases, the Amazon card is definitely worth your consideration.
The Bottom Line
As you can see, there are many benefits to getting a student credit card. Not only do they offer great rewards that you can use, but they also make your life a little bit easier – something that every college student needs.
If you’re looking for cash back and rewards, there are a variety of options to choose from. We’ve gone over some of the most popular ones. Not sure which one to get? Travel back in time to the days when dinosaurs still roamed the Earth and compared all the cards head to head. You may just find the perfect card for all your needs.