After yours and other comments, I suspect my information is just really out of date.
Here's some stories I had heard back when I was in college: no cash back or other rewards on the card for students, $2/month on an unused $500 credit line, a $38 late fee (late = paid the day due after noon eastern time, regardless of consumer time zone), and a rate that skyrockets after any missed payments.
Again, these may have changed since then since there's several replies of people with good experiences.
I had one of their cards years ago when I was in college. It was as you describe. Years later I now have a personal and business card with them and the terms are good with a decent mileage program (and they have a real nice mobile app). Of course, now I have excellent credit/ income. I think they're all the same In That regard. If you have poor/no credit you're going to get taken advantage of.
Here's some stories I had heard back when I was in college: no cash back or other rewards on the card for students, $2/month on an unused $500 credit line, a $38 late fee (late = paid the day due after noon eastern time, regardless of consumer time zone), and a rate that skyrockets after any missed payments.
Again, these may have changed since then since there's several replies of people with good experiences.