Here’s Every Type of Credit Card You Can Get

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Over the past four years, I’ve owned about 45 credit cards. As a result, I’ve learned there isn’t one best credit card out there. Different types of credit cards do different things, and it’s not always clear from marketing and promotions whether a card is the best option for you.

To help you sift through all your options, we’ve put together a list of every major credit card type, some pros and cons, and a few top examples.

8 major types of credit cards available today

Cash-back credit cards

These credit cards offer cash-back rewards to incentivize you to use your card regularly.

Although some cash-back credit cards offer sign-up bonuses, they’re typically smaller than the sign-up bonuses you get with travel credit cards.

Depending on the card, you might have different options for redeeming your cash back. Common redemption options include statement credits, direct deposits, paper checks, and gift cards.

Some cash-back credit cards also offer 0% APR promotions to make it easy to finance a big purchase or transfer a balance from a high-interest credit card.

Here are the most common types of rewards structures for cash-back credit cards.

Flat-rate rewards

Cards that offer flat-rate rewards give you the same rewards rate on every purchase.

Tiered rewards

Tiered rewards offer bonus cash back in certain spending categories. Popular bonus categories include groceries, gas, travel, and dining.

Rotating rewards

Some cards offer bonus rewards in certain categories but change up the categories every three months. For example, you might receive bonus rewards on transactions made at restaurants and gas stations one quarter. The following quarter, it could be department stores and Amazon.

Pros and cons

Since cash-back credit cards usually don’t charge an annual fee, you don’t have to worry about whether you’re earning enough rewards to break even. The flexibility of cash rewards also gives you more control over how you use your rewards.

Without an annual fee, however, cash-back credit cards typically don’t offer big sign-up bonuses. They also don’t come with a lot of extra credit card benefits beyond the basics such as price protection, purchase protection, and rental car insurance.

Should you get a cash-back credit card?

Cash-back credit cards are great for people who want flexible rewards. Unlike travel credit cards, which might limit you to travel-related redemptions, you can use your cash-back redemptions for anything.

Getting a cash-back credit card also might be a good choice if you’re looking to avoid an annual fee. Although some annual-fee credit cards offer cash back, they’re few and far between.

To get approved for a cash-back credit card, you typically need good to excellent credit. There are, however, some exceptions.

Cash-back credit cards

If you’re interested in applying for a cash-back credit card, here are some cards to consider:

  • Citi® Double Cash Card – 18 month BT offer*: Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay.
  • Blue Cash Preferred® Card from American Express*: NEW 6% Cash Back on select U.S. streaming subscriptions & 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more.
  • Discover it® Cash Back*: Earn 5% cash back at different places each quarter up to the quarterly maximum, when you activate.
  • Capital One® QuicksilverOne® Cash Rewards Credit Card*: Earn 1.5% Cash Back on every purchase, every day.

Travel credit cards

Whether you have an incurable case of wanderlust or you’d like to start crossing off some adventures on your bucket list, travel credit cards can help lower the cost of your trips.

Virtually all travel credit cards are targeted to people with good or excellent credit. While there are some exceptions, they usually aren’t worth your time.

Here are four different types of credit cards that offer travel rewards.

General travel cards

These cards offer rewards you can use for a variety of travel purchases. You’re not restricted to a particular airline or hotel, but you won’t get special perks such as free checked bags for flights or hotel elite status.

That said, some general travel cards have airline and hotel partners to which you can transfer your rewards for purchases.

Airline cards

If you’re loyal to a particular airline, getting its credit card can help you rack up miles faster. You’ll also usually get airline-specific perks, including free checked bags, priority boarding, and discounts on in-flight purchases.

Hotel cards

These cards work best for folks who are loyal to a specific hotel chain. You’ll earn hotel points faster and get special benefits such as elite status, free upgrades, or free anniversary nights.

Premium cards

These cards often offer elite-level perks, including

  • Free airport lounge access
  • TSA Precheck or Global Entry for getting through airport security faster
  • Reimbursements for travel expenses
  • Special elite status with hotels and rental car companies

Note: Premium cards can be general, airline, or hotel cards and charge steep annual fees.

Pros and cons

Travel credit cards often come with big sign-up bonuses to help you pay for your next vacation. Depending on the card and how you spend your money, you could earn huge rewards with special bonus rewards categories.

Although you can find travel credit cards with no annual fee, they’re rare. The good news is many travel cards waive the fee for the first year, so you have some time to maximize the card’s value.

Also, some travel credit cards don’t offer a lot of value after the sign-up bonus, so you’ll have to look ahead to make sure a card is worth it.

Should you get a travel credit card?

Since I’m a travel nut, travel credit cards are my favorite. I’ve earned thousands of dollars’ worth of free travel over the years using travel credit cards. So, if you’re like me and love to travel and spend enough to make up for a big annual fee, a travel credit card might be a good choice.

The type of travel card you choose depends on your preferences and loyalty. General travel cards are best for people who want the cheapest travel option every time, while airline and hotel cards are good for folks who want to stick with one brand. Premium cards are best for people who want extra perks and comforts.

Travel credit cards

If you’re excited about the prospect of travel, here are some travel credit cards to consider:

  • Capital One® Venture® Rewards Credit Card*: Earn 2 Miles per dollar on every purchase, every day.
  • United℠ Explorer Card*: Earn 2 miles per $1 spent at restaurants, on hotel stays and on purchases from United. 1 mile per $1 spent on all other purchases..
  • Chase Sapphire Reserve®*: Earn 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases..

Low-interest credit cards

While credit card rewards are exciting, you might have other priorities. When we talk about low-interest cards, three types of credit cards typically come to mind.

Zero percent APR cards

Although this technically includes balance transfer cards, it’s mainly marketed toward people who want a 0% APR promotion on new purchases or balance transfers.

For example, I applied for such a card when my wife and I moved into our first home. We used the card to furnish the home and cover other moving expenses and are paying it off interest-free over 21 months.

Balance transfer cards

If you have a high-interest credit card balance, some cards allow you to transfer your balance and pay it off with a 0% APR promotion. Among the best balance transfer cards, you can get up to 21 months with no interest. That said, most of these cards charge a balance transfer fee of 3 percent to 5 percent of the transfer amount.

Ongoing low-interest cards

Instead of offering a promotional 0% APR to start you off, these cards offer a below-average interest rate from the start. Typically, only credit unions and small regional banks offer these types of credit cards.

These credit cards almost always come with no annual fee. But some annual-fee credit cards offer a 0% APR promotion as an extra benefit. Also, low-interest credit cards typically require good to excellent credit.

Pros and cons

You can avoid racking up high-interest credit card debt on purchases and potentially get rid of toxic credit card debt.

On the flip side, some low-interest credit cards don’t offer rewards or other perks. So, if you get a 0% APR promotion to finance a big purchase and it doesn’t offer rewards, the card doesn’t offer much value once the promotional period is over.

Should you get a low-interest credit card?

If your top priority is to pay off a purchase or debt or you plan to carry a balance in general, a low-interest card might be for you. The good news is some of these cards do offer rewards, so shop around to get the best one.

Low-interest credit cards

Depending on your needs and preferences, here are some low-interest credit cards to consider:

  • Chase Freedom Unlimited®*: Intro 0% Intro APR for 15 months on purchases and balance transfers. A 16.49% - 25.24% Variable APR applies, thereafter.
  • Citi® Double Cash Card – 18 month BT offer*: Intro 0% for 18 months on Balance Transfers, then a 15.49% - 25.49% (Variable) APR applies.
  • Citi Simplicity® Card - No Late Fees Ever*: Inro 0% for 21 months on Balance Transfers, then a 16.24% - 26.24% (Variable) APR applies.
  • BankAmericard® credit card*: 0% Introductory APR on purchases for 15 billing cycles, then a 14.49% - 24.49% Variable APR applies.

Secured credit cards

If you’re new to credit or are trying to rebuild a bad credit score, your credit card options are limited.

Luckily, secured credit cards can help you get on the right track. Since folks with bad credit pose a higher risk to credit card companies, however, secured cards require a security deposit as collateral.

The deposit usually is equal to your desired credit limit, minus any fees. Then, in most cases, you’ll get your deposit back when you close the account. Other then that, secured credit cards function the same as normal credit cards.

Note: Unsecured credit cards for bad credit do exist. But most of these cards charge exorbitant fees and interest. In other words, they’re usually not worth it.

Pros and cons

Secured credit cards are a great way to build credit without going into debt — as long as you pay off your monthly bill on time and in full. Also, your credit line typically is limited to your opening deposit, so you likely won’t have much wiggle room if you overspend.

In contrast, most secured credit cards don’t offer many rewards or benefits. The main focus of these types of credit cards is to help you build credit. Also, many secured cards charge annual fees, but you can avoid them if you do your research.

Should you get a secured credit card?

Secured credit cards are great for folks who are just starting out with credit or looking to get back on track. Specifically, secured credit cards can be a great way to rebuild your credit after bankruptcy or another major negative credit event.

Secured credit cards

If building credit is your top priority, these cards will help you do it best:

  • Discover it® Secured*: Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, automatically. 1% unlimited cash back on all other purchases.
  • Capital One® Secured Mastercard®*: Minimum deposit of $49, $99, or $200.
  • First Progress Platinum Prestige Mastercard® Secured Credit Card*: Get a low variable APR of 9.99%.

Store credit cards

There are two main credit card types you’ll see with retailers.

Closed-loop store cards

You can use these cards only at the store. You don’t get a lot of flexibility, and you’re forced to have a second card to use elsewhere. Closed-loop store cards might or might not offer rewards on the purchases you make.

Open-loop store cards

You can use these store cards anywhere. Some even offer rewards on purchases you make outside the store.

To get you to sign up, stores often offer one-time discounts when you apply.

Pros and cons

Store credit cards are typically easy to get if your credit is bad. And depending on the store, you might get ongoing discounts and offers to make it worth your while.

That said, store credit cards often charge high interest rates. And those ongoing discounts and offers could lead to overspending. Lastly, you could get into trouble if you apply for multiple store cards in a short period.

Should you get a store credit card?

If you’re going to get a store credit card, it’s best to do it with a store where you regularly shop. In other words, don’t let the initial discount sway you. Look for long-term value.

Store credit cards

For general spending, here are some store credit cards to consider:

  • Amazon Rewards Visa® Signature Card*: Earn 3% back at and Whole Foods Market, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases.
  • Costco Anywhere Visa® Card by Citi*: 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter, 3% on restaurants & travel, 2% at Costco &, 1% on all other purchases.
  • Target REDcard™ Credit Card*: Earn 5% at Target &

Student credit cards

If you’re in college or planning to attend college soon, you might be able to avoid having to apply for a secured credit card. Student credit cards are designed specifically to help college students build credit while getting some of the perks you won’t get with most secured cards.

Student credit cards typically don’t require a minimum credit score, but you need to have some form of income to get approved. If you don’t, you might be able to apply with a cosigner.

Pros and cons

Student credit cards are easy to get if you meet the income requirements. They typically offer rewards, no annual fee, and incentives for things such as developing good credit habits and getting good grades.

These cards usually don’t offer high credit limits, though. So, if you can get approved for a good cash-back or travel card, you’ll get more flexibility there. Plus, you’ll get better rewards with an “adult” credit card.

Should you get a student credit card?

You should get a student credit card if you’re a college student who wants to build credit. Keep in mind that you need a Social Security number to apply for most student credit cards.

Student credit cards

If you’re in the market for a student credit card, here are your options:

  • Discover it® Student Cash Back*: Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, and more up to the quarterly maximum, each time you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Journey® Student Rewards from Capital One®*: Earn 1% Cash Back on all purchases; 0.25% Cash Back bonus on the cash back you earn each month you pay on time.
  • Deserve® Edu Mastercard for Students*: Earn 1% unlimited cash back on ALL purchases.

Charge cards

Charge cards are credit cards that don’t have a credit limit. That doesn’t mean unlimited spending, though. Rather, the credit card issuer typically will allow you to spend up to the amount it determines is reasonable based on your financial profile and spending habits.

The caveat is that you must pay off your balance monthly rather than carrying it over from month to month.

Pros and cons

Charge cards offer a lot of flexibility for spending, but the fact that you’re forced to pay off your bill in full each month might make it hard if something goes wrong and you can’t afford it.

Also, charge cards typically come with higher annual fees, so you have to spend big to break even.

Should you get a charge card?

Big spenders who need the flexibility of having no credit limit would find charge cards most useful. Also, business owners with capital needs that vary and who don’t want to be tied down to a set credit limit can benefit.

Charge cards

American Express is the only credit card issuer that offers charge cards. Here are some of the cards it has to offer:

  • The Platinum Card® from American Express*: Earn 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X Membership Rewards® points on prepaid hotels booked on
  • American Express® Business Gold Card*: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month*.

Small-business credit cards

There’s no problem with using a personal credit card for your business. But many small-business credit cards offer benefits that are tailored toward business owners.

Based on your needs and preferences, you can find a variety of small-business cards. Whether you want cash-back rewards, travel rewards, no annual fee, a 0% APR promotion, or a secured card, there’s a small-business version.

Pros and cons

Business credit cards often adapt their rewards and benefits for small-business owners. For example, American Express OPEN business cards offer tools to help with expense management, discounts with business-related retailers, and special merchant financing.

Small-business cards also typically offer higher credit limits than personal cards. That said, they aren’t legally required to offer the same protections as personal credit cards. For example, you might end up paying higher fees and interest rates than you anticipated.

Also, small-business credit cards require that you personally guarantee payments for your purchases, even if you have limited liability in your business.

Should you get a small-business credit card?

Anyone with an established business can get approved for a small-business credit card. While the best types of credit cards are reserved for people with solid credit, there are some you can get with bad or fair credit.

Even if your business doesn’t have a lot of expenses, it’s wise to have a separate credit card for your business to keep those expenses separate from your personal finances. That makes it easier to keep track of your expenses for tax purposes.

Small-business credit cards

If you’re looking for a credit card for your small business, consider these:

  • Capital One® Spark® Cash for Business*: Limited Time Offer: Earn up to $2,000 in cash bonuses. Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening.
  • Ink Business Preferred℠ Credit Card*: Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
  • Ink Business Cash℠ Credit Card*: Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.
  • Capital One® Spark® Classic for Business*: Earn 1% Cash Back on every purchase.

How to sift through the different types of credit cards

With so many credit card types available, it can be hard to know which one is best for you. Unfortunately, there’s no magic formula that works for everyone. Much of it boils down to your credit score, how you spend your money, and your preferences.

As you learn about the different types of credit cards, you should get an idea of which one would suit your needs best. And if you end up with a credit card you’re not satisfied with, you can apply for another one — just make sure to do so responsibly.

The important thing is you use credit cards to improve your financial standing, not hurt it. Make your payments on time and in full, create a budget so you don’t overspend, and avoid applying for multiple credit cards in a short period. These habits will help you build your credit over time and ensure you’re getting value out of the plastic you use every day.

The information related to this offer has been collected by Student Loan Hero and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.

Interested in refinancing student loans?

Here are the top 8 lenders of 2020!
LenderVariable APREligible Degrees 
Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Earnest.

Earnest Disclosures

To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.

Earnest fixed rate loan rates range from 3.20% APR (with Auto Pay) to 6.99% APR (with Auto Pay). Variable rate loan rates range from 1.99% APR (with Auto Pay) to 6.89% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of December 13, 2019, and are subject to change based on market conditions and borrower eligibility.

Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.

The information provided on this page is updated as of 12/13/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit, email us at, or call 888-601-2801 for more information on our student loan refinance product.

© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.

2 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student loan Refinance: Fixed rates from 3.46% APR (with AutoPay) to 7.61% APR (without AutoPay). Variable rates currently from 2.31% APR (with AutoPay) to 7.61% (without AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.31% APR assumes current 1 month LIBOR rate of 2.31% plus 0.75% margin minus 0.25% for AutoPay. If approved for a loan, the fixed or variable interest rate offered will depend on your credit history and the term of the loan and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

3 Important Disclosures for Figure.

Figure Disclosures

Figure’s Student Refinance Loan is a private loan. If you refinance federal loans, you forfeit certain flexible repayment options associated with those loans. If you expect to incur financial hardship that would impact your ability to repay, you should consider federal consolidation alternatives.

4 Important Disclosures for College Ave.

College Ave Disclosures

College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

1College Ave Refi Education loans are not currently available to residents of Maine.

2All rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

3$5,000 is the minimum requirement to refinance. The maximum loan amount is $300,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees.

4This informational repayment example uses typical loan terms for a refi borrower with a Full Principal & Interest Repayment and a 10-year repayment term, has a $40,000 loan and a 5.5% Annual Percentage Rate (“APR”): 120 monthly payments of $434.11 while in the repayment period, for a total amount of payments of $52,092.61. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

Information advertised valid as of 1/1/2020. Variable interest rates may increase after consummation.

5 Important Disclosures for Laurel Road.

Laurel Road Disclosures

Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Mortgage lending is not offered in Puerto Rico. All loans are provided by KeyBank National Association.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.

This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.


There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.


For bachelor’s degrees and higher, up to 100% of outstanding private and federal student loans (minimum $5,000) are eligible for refinancing. If you are refinancing greater than $300,000 in student loan debt, Lender may refinance the loans into 2 or more new loans.
For eligible Associates degrees in the healthcare field (see Eligibility & Eligible Loans section below), Lender will refinance up to $50,000 in loans for non-ParentPlus refinance loans. Note, parents who are refinancing loans taken out on behalf of a child who has obtained an associates degrees in an eligible healthcare field are not subject to the $50,000 loan maximum, refer to for more information about refinancing ParentPlus loans.


Borrower, and Co-signer if applicable, must be a U.S. Citizen or Permanent Resident with a valid I-551 card (which must show a minimum of 10 years between “Resident Since” date and “Card Expires” date or has no expiration date); state that they are of at least borrowing age in the state of residence at the time of application; and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).

Graduates may refinance any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. Any federal loans refinanced with Lender are private loans and do not have the same repayment options that federal loan program offers such as Income Based Repayment or Income Contingent Repayment.

All loans must be in grace or repayment status and cannot be in default. Borrower must have graduated or be enrolled in good standing in the final term preceding graduation from an accredited Title IV U.S. school and must be employed, or have an eligible offer of employment. Parents looking to refinance loans taken out on behalf of a child should refer to for applicable terms and conditions.

For Associates Degrees: Only associates degrees earned in one of the following are eligible for refinancing: Cardiovascular Technologist (CVT); Dental Hygiene; Diagnostic Medical Sonography; EMT/Paramedics; Nuclear Technician; Nursing; Occupational Therapy Assistant; Pharmacy Technician; Physical Therapy Assistant; Radiation Therapy; Radiologic/MRI Technologist; Respiratory Therapy; or Surgical Technologist. To refinance an Associates degree, a borrower must also either be currently enrolled and in the final term of an associate degree program at a Title IV eligible school with an offer of employment in the same field in which they will receive an eligible associate degree OR have graduated from a school that is Title IV eligible with an eligible associate and have been employed, for a minimum of 12 months, in the same field of study of the associate degree earned.


The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.


The repayment of any refinanced student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.


After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.

We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.

We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.

If Lender agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Lender has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.


This information is current as of November 8, 2019 and is subject to change.

6 Important Disclosures for Splash Financial.

Splash Financial Disclosures

Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers.

7 Important Disclosures for CommonBond.

CommonBond Disclosures

Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 1.76% effective November 10, 2019.

8 Important Disclosures for LendKey.

LendKey Disclosures

Refinancing via is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it  endorse,  any educational institution.

Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of  5 years and is reserved for applicants with FICO scores of at least 810.

As of 12/019/2019 student loan refinancing rates range from 1.90% to 8.59% Variable APR with AutoPay and 3.49% to 7.75% Fixed APR with AutoPay.

1.99% – 6.89%1Undergrad
& Graduate

Visit Earnest

2.31% – 7.36%2Undergrad
& Graduate

Visit SoFi

2.06% – 6.81%3Undergrad
& Graduate

Visit Figure

2.62% – 6.12%4Undergrad
& Graduate

Visit College Ave

2.29% – 6.65%5Undergrad
& Graduate

Visit Laurel Road

1.99% – 7.06%6Undergrad
& Graduate

Visit Splash

1.85% – 6.13%7Undergrad
& Graduate

Visit CommonBond

1.90% – 8.59%8Undergrad
& Graduate

Visit Lendkey

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

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