The average teacher’s salary varies between $40,000 and $42,000, depending on what grade you teach and which state you teach in.
While many politicians are working to increase a teacher’s salary, teachers need to have a backup financing option in case times get tough.
This is why having the best credit card is ideal. With lack of education funding, teachers may need to spend their own money on school supplies if they can’t receive enough donations from parents.
This is inconvenient, but a credit card with great rewards will help support you with these purchases.
Here are the best credit cards for teachers.
Credit Cards for Teachers: Educating You on Credit Card Rewards and Perks
Teachers love nothing more than helping others. Take a short break from your amazing job and educate yourself on earning some serious credit card rewards.
Citi Double Cash Card
Citi Double Cash Card is different from competitors because you earn cash back twice, as the name implies. You earn 1% unlimited cash back on all purchases, plus another 1% as you pay for those purchases.
There is no annual fee and the APR percentage is lower than average — between 15.74% and 25.74% (keep in mind, it’s variable).
Capital One Platinum Credit Card
This is a great card option if you’re looking for a card with no annual fee. If you make your first five payments on time, you earn a higher credit line with the Capital One Platinum Credit Card. There are also other benefits such as mobile statements and fraud coverage.
Discover it Cash Back
As with many Discover it cards, they match the perks you receive at the end of your first year. Specifically, this one matches your cash back perks.
They also offer a generous cashback offer — 5% for specific places (grocery store, gas stations, etc.) and an additional 1% for all other purchases.
Discover it Miles
The average teacher works 260 days a year, on average. This not only includes the team children are in school but also school functions, parent-teacher conferences, skills-training days, and professional development time.
While teachers don’t have the robust summer vacation that their students have, they still get about a month off, which is more lenient than the average employee.
If you enjoy traveling during your break, you need a travel credit card that will offer some serious rewards.
If you plan on signing up for this card, do so right before your trip. Discover matches all of the miles you earn at the end of your first year. You can earn several hundred dollars toward your first trip!
This card has no annual fee and you earn 1.5x miles for every dollar you spend.
Do You Need Additional Financial Help?
Teachers are underpaid and it’s upsetting. For difficult financial periods, these credit cards for teachers can assist by offering serious rewards for your spending.
Here are some other articles you might find interesting:
Getting Student Loans Without Cosigner Required
Is It Better to Pay Off Your Credit Card or Keep a Balance?
Learn How to Get the Best Deal on a New Car Even With Poor Credit
Should You Try P2P Lending as a Source of Fast Cash?