bank of america credit card student

Schedule time thats convenient for you. Students who plan to travel abroad may prefer theBank of America Travel Rewards credit card for Students. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 0% intro APR for 21 billing cycles, 15.99% - 25.99% Variable APR after that, 0% intro APR for 21 billing cycles for any balance transfers made in the first 60 days, 15.99% - 25.99% Variable APR after that. Students looking for their first credit card might be wowed by the $. For example, the, Capital One SavorOne Student Cash Rewards Credit Card. Because just using a BoA account for 10% extra on 1 or 2 cents is ridiculous. Rates & Fees. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card. 1. 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening that can be a $250 statement credit toward travel purchases. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the provider's website. Submit your question about Bank of America Customized Cash Rewards credit card for Students to our community. These ads are based on your specific account relationships with us. You're continuing to another website that Bank of America doesn't own or operate. When I was eighteen, I signed up for this card as part of a student banking package. This means that this card accepts applicants who have a credit score of 750+. Get cash from a Bank of America ATM using your phone. After the intro APR offer ends, 15.99% - 25.99% Variable APR will apply. It offers the same ongoing earnings rate, along with the following sign-up bonus: Earn $50 when you spend $100 in the first three months. As a student with barely any credit history, it was very difficult to find a credit card that I could qualify for. Fiduciary titled accounts, including UTMA / UGMA, do not qualify for the under the age of 18 or the Student waiver. The Bank of America Unlimited Cash Rewards credit card for Students earns 1.5% unlimited cash back on all purchases. You can do a balance transfer with the BankAmericard for Students card by requesting one online or through the Bank of America mobile app for iOS and Android. Can I pay off my student loans with the BankAmericard student credit card? . BoA Cash Rewards Credit Card for Students Review, Like the Bank of America Customized Cash Rewards credit card for Students, the Discover it Student Cash Back. Those considering using the card to transfer balances should be aware that the card charges a balance transfer fee, so we recommend doing the math to make sure a transfer makes sense. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Learn more about Bank of America Advantage Banking Bank your way However, this does not influence our evaluations. (Cardholders can qualify for the Bank of America Preferred Rewards program, which adds a multiplier to the everyday 1.5 points per $1 youd earn. How can I do a balance transfer with the BankAmericard for Students card? Apply Now. These ads are based on your specific account relationships with us. Yet all are available to college students, even those with no credit history (Note: Bank of America is a WalletHub partner). NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. When handled responsibly, a credit card can help you build your credit history, which could be helpful when looking for an apartment, a car loan, and even a job. One nice thing about this card is that you dont have to worry about bonus categories or reward caps. Ready to open a checking account? A 3% fee applies to all balance transfers, but doesnt charge foreign transaction fees. Rewards do not expire as long as the account remains open. The Bank of America Customized Cash Rewards Credit Card for Students is packed with attractive features we don't often see in student credit cards. The Travel Rewards for Students card offers a straightforward and unlimited 1.5 points per dollar on all purchases everywhere, every time with no expiration on points and a welcome bonus: 25,000 online bonus points after spending $1,000 in purchases in the first 90 days of account opening. How much is the BankAmericard for Students balance transfer fee? How much is the starting BankAmericard for Students card credit limit? The Bank of America Unlimited Cash Rewards Credit Card for Students is an excellent choice for students seeking to earn cash back, save on interest, and properly manage their money. This is just one scoring method and a credit card issuer may use another method when considering your application. You can take advantage of this offer when you apply now. However, you must be a student, at least 18 years old. Performance information may have changed since the time of publication. This feature is available on the Mobile Banking app for iPad, iPhone and Android devices. When you place a lock on your debit or ATM card via Online or Mobile Banking, it will prevent most types of card transactions from being processed until you take action to unlock your card. BankAmericard Credit Card for Students at a Glance. Overall I would recommend using this credit card to other students, but I think adults would be able to find a better deal. Each card has benefits that could help you in different ways depending on your current needs and circumstances. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). Activate cash back deals from your favorite stores, restaurants and brands, Shop with an eligible Bank of America debit or credit card, Earn cash back, and your account will be automatically credited, Enroll your Bank of America debit card and use it for everyday purchases, Well round up your purchases to the nearest dollar amount and transfer the change from your checking to your savings account, The Unlimited Cash Rewards card lets you earn unlimited 1.5% cash back on all purchases, The Customized Cash Rewards cardlets you earn cash back on all of your purchases with 3% cash back in the category of your choice, The Travel Rewards cardlets you earn unlimited 1.5 points for every $1 spent on purchases that you can redeem toward travel and dining purchases. In addition, you need to be at least 18 years old and a U.S. citizen or a permanent resident. Students who want to maximize rewards and are willing to tolerate a card with a more complex system of cash-back rewards may opt for the Bank of America Customized Cash Rewards credit. address. Credit Karma is a registered trademark of Credit Karma, LLC. Having said that, it is also worth noting You can get a Bank of America Student Cash Rewards with a co-signer if you can't qualify for the card on your own. Access your FICO Score for free within Online Banking or your Mobile Banking app. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Assigning Editor | Credit cards, credit scores. Information is displayed first and foremost to help consumers make better decisions. Were here to talk about your financial needs. Activate your deals, even on the go. Other student cards will require more documentation. I've had it for just about a month now and it is absolutely fantastic! But for optimizers who are OK with managing their card, there may be better options. Dollar and frequency limits apply. I've never had any issues and the limits are set to a reasonable amount as to have enough to spend but not over spend you money! Bank of America Travel Rewards credit card for Students Apply Now On Bank of America's Website 3.7 Welcome Bonus 25,000 points Annual Fee $0 Regular APR 17.74% - 27.74% Variable APR on. Bank of America Travel Rewards credit card for Students, Chase Sapphire Preferred Vs. Capital One Venture, Chase Freedom Unlimited Vs. Chase Slate Edge, 3 Ways To Get Your FICO Credit Score For Free, The 4 Best Apps To Track Credit Card Rewards, High to very high standard APR, depending on your credit. Keep the Change is not available for Small Business debit cards. Balance transfer must be completed within 60 days of opening account. Its an amazing idea for those who want to fix their credit; and even better for those who really need it! Just a dollar-for-dollar match. 0% intro APR on Purchases for 21 billing cycles and 0% intro APR on Balance Transfers for 21 billing cycles for any balance transfers made in the first 60 days, and then the ongoing APR of 15.99%-25.99% Variable APR. The card offers the same 0% introductory APR for 18 billing cycles on purchases and balance transfers made within 60 days of opening the account. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Where things get complicated is in redeeming your points. Also, I earned $100 cash for my first $100 in purchases as an introductory bonus. Data connection required. Plus, automatically earn unlimited 1% cash back on all other purchases. I got this card for college. Despite being geared toward students, the Bank of America Travel Rewards credit card for Students requires good to excellent credit to qualify. That wont be possible for many students who are shopping for their first credit card. Bonus earning is limited to the first $2,500 in the 3% and 2% categories combined each quarter. Base rewards rate: 2% cash rewards on purchases. Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions. [1] Interested in all checking options? Its financing options arent something we suggest you participate in because you may risk an expensive deferred interest char Hello Alice Small Business Mastercard Review 2023. This was the first credit card I had when I was a student and it has remained one of the best. Youll earn 1.5 points for every $1 of purchases you make. The process was quick and easy, and I was instantly approved. Lead Writer | Credit cards, Travel rewards, Personal finance. Previously, he was a homepage editor and digital content producer for Fox Sports, and before that a front page editor for Yahoo. It has a nice sign-up bonus and. Bank of America Travel Rewards credit card for Students. Compare to other cards and apply online in seconds, Get unlimited free credit scores & reports. I first used it to make a couple small purchases and I was able to pay the bills on time. But dont worry; other student credit cards have less-stringent credit score requirements. Because the interest rate is substantial, I pay off the balance in full each month to prevent interest accumulation. The Capital One SavorOne Student Cash Rewards Credit Card and the Bank of America Customized Cash Rewards Credit Card for Students* both offer solid cash back programs and no. A 3% fee applies to all balance transfers. offers a lot of value for cards in its class. 0% Introductory APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days. After a few months of this, I had a decent credit score. After that, youll earn 1% cash back on the rest of your purchases in those bonus categories. The late fee is a bit too high for my taste but it does serve as a great reminder to pay my bills in time. on Discover's website, or call 800-347-0264. But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. I use rewards aftern I earny bonus hygene and buy my clothing. We recommend that you do not use Zelle to send money to those you do not know. Reasonable efforts are made to maintain accurate information. Or turn $100 into $200. What to do when youre denied a student credit card, Other cards have better earning potential, For qualifying students who want a no-hassle entry into earning credit card rewards, the, will work fine. Can't find what you are looking for? They may even ask for supporting documents before approving you. Points can also be redeemed for gift cards at varying values depending on the retailer. Unlimited 1.5% cash back on all purchases. Get a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. No Monthly Maintenance Fee for Students under 25 2; . ), See Discover's current 5% bonus categories. The Bank of America Student Cash Rewards card credit score requirement is fair credit. BankAmericard Credit Card for Students 3.5/5 Intro offer 0% intro APR for the first 21 billing cycles on purchases and balance transfers made within 60 days of account opening, then 15.74% -. An additional reward to consider is the welcome offer: $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening. This compensation comes from two main sources. Simplicity is a key feature of the Bank of America Travel Rewards credit card for Students. But dont worry; other student credit cards have less-stringent credit score requirements. For instance, someone studying abroad may be more focused on avoiding foreign transaction fees. An award-winning mobile app Check your balance, send money instantly and more with the Bank of America mobile app. So how do we make money? Discover will automatically match all the cash back you've earned at the end of your first year! Do you have to be a student to get a student credit card? is one of the longest promotional periods available for a travel card, let alone a student card. What's the Bank of America Student Cash Rewards card credit score requirement? Firestone Credit Card: 5 Things To Know Plus Alternatives. This Bankamericard for Students Credit Card is fantastic! Students looking for their first credit card might be wowed by the $0 annual fee, the lucrative sign-up bonus, the long 0% introductory annual percentage rate period and the decent rewards for everyday spending. BankAmericard credit card At A Glance Credit Needed 670-850 Good to Excellent Annual Fee $0 Intro Bonus Here is a list of our partners. Does the Bank of America Student Cash Rewards card report to all bureaus? The Bank of America Cash Rewards for Students doesn't charge an annual fee, which makes it similar to other student credit cards. It comes in handy for the little things I need (in between paychecks) and fully serves its purpose and then some because of the cash back on things like groceries. Welcome offer: Earn $200 cash rewards bonus after you spend $500 in first three months. I first started out as using Bank of America just for my checkings account. *See the online provider's credit card application for details about terms and conditions. And if not, other student credit cards are easier to get. 3% back on a category of your choice from a list of 6, and 2% back on grocery stores and wholesale clubs for the first $2,500 of combined bonus category/grocery store/wholesale club spending per quarter. Overall, I'm happy with the card. The feature is accessible through Online Banking, the Mobile website,and the Mobile Banking app for iPhone and Android devices. Bank of America Travel Rewards credit card for Students. To my surprise, Bank of America has given me fantastic service when dealing with any issues that have come up and I feel very safe using this card. if the requirements for approval were similar. With Unlimited Cashback Match - Discover will automatically match all the cash back earned at the end of the first year. Additionally, transactions that occurred prior to locking the card will not be affected. Plus, I prefer to use this card over my debit card in case of fraud, I would rather have to deal with getting the charges reversed on the credit card than having to worry about the money in my checking account being used and having to get that reimbursed. If youre looking for the best credit card rewards, the Bank of America Customized Cash Rewards credit card for Students offers the highest earning rates. The purchase protection is great, I lost a camera while on vacation (I bought it for that vacation) and was able to get replacement camera. You can take advantage of this offer when you apply now. Additionally, the $2,500 limit on rewards earning each quarter in the card's top categories is - even for the average, non-student cardholder - a fair and reasonable limit. $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. The online service is also very easy to use and its basically a one click payment and you get a confirmation number. We'd love to hear from you, please enter your comments. The Bank of America Travel Rewards credit card for Students is a high-value student credit card that offers flexible travel rewards and a long list of attractive features. show more BEST OVERALL RATING 4.4 Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire. He has degrees in geology from West Virginia University and oceanography from Oregon State University and has published in academic journals, newspapers and blogs. We will send you an email alert with transaction details after you send money using Zelle. Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire. This contrasts sharply with the Bank of America Customized Cash Rewards credit card for Studentss more generous welcome bonus. In this situation, the full payment may go through and result in a negative balance on your account, but we will not charge you an overdraft fee. NerdWallet strives to keep its information accurate and up to date. Message and data rates may apply. To apply for an account, you need to visit a Bank of America financial center. It is all good for school veru rewarding for a little extra income and I do love all the cash for this little review cash rewards which I think is so generous . Yes, the Bank of America Student Cash Rewards card reports to all credit bureaus on a monthly basis. Some companies request payment through ACH from a deposit account only. Regular APR. Bank of America Customized Cash Rewards credit card for Students. That wont be possible for many students who are shopping for their first credit card. AllRightsReserved. Please refer to your Personal Schedule of Fees for details. You can take advantage of this offer when you apply now. The 3% category of choice and the 2% grocery store and wholesale club earnings are restricted to the first $2,500 in combined spending each quarter. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. Rewards dont expire unless the account is closed. But because of the card's credit score criteria, students without an established credit history will want to look elsewhere. I am also able to build credit which is great. But remember, many students wont qualify because of the credit score requirements. If you make a balance transfer within 60 days of account opening, you also get a 0% APR for 21 billing cycles, then a variable APR of 16.24% - 26.24% after that. Editorial Note: We earn a commission from partner links on Forbes Advisor. We are continually improving the user experience for everyone, and applying the relevant accessibility guidelines. Member FDIC. Please let us know if you notice any differences. The Bank of America Travel Rewards credit card for Students is nearly identical to the nonstudent version of the card, the Bank of America Travel Rewards credit card. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Terms differ from one account to another. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Access your FICO Score for free within Online Banking or your Mobile Banking app. Do not sell or share my personal information. This might provide some peace of mind to students looking to finance a purchase like textbooks or a new laptop. At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products. 0% intro APR for 18 billing cycles, 17.99% - 27.99% Variable APR after that, 0% intro APR for 18 billing cycles for any balance transfers made in the first 60 days, 17.99% - 27.99% Variable APR after that. Both cards require good credit or above. No annual fee and no expiration on rewards. Can you get approved for the Bank of America Student Cash Rewards card with no credit? As a college student with a very limited credit history it is somewhat hard for me to buy the things I need on credit. Sign-up bonus: 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases. Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. This was actually the first card that I ever applied for and received. Best credit card bonuses for new cardholders, The 18-month introductory APR offer on the. The card also offers a solid welcome bonus and introductory APR. It offers the same ongoing earnings rate, along with the following sign-up bonus: Earn $50 when you spend $100 in the first three months. At first I wasn't able to get it because I had no credit history and I tried applying with my mom, but I was rejected. No rewards but 0% APR for first 4 years. Transfers require enrollment in the service with a U.S. checking or savings account and must be made from an eligible Bank of America consumer or business deposit account. However, the lock will not stop card transactions presented as a new recurring or a previously scheduled recurring transaction by the merchant, transactions using other cards linked to your deposit account, or the posting of refunds or credit adjustments to your account. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. Craig Joseph is a NerdWallet lead writer and credit cards expert. The card features decent ongoing rewards, a rich sign-up bonus and a lengthy intro APR offer, but students may struggle to qualify because of credit score requirements. I enjoy being able to transfer funds from my bank to my credit card form my checking account via my mobile banking app on my smartphone. Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Use this account with our digital tools such as low-balance alerts, security alerts1 and more. * Home or permanent residence address CREDIT SCORE : 640. CREDIT LIMIT : $1000. Bank of America does not charge for this service but your mobile carriers message and data rates may apply. One of the best features of the card is the Safe Shop feature. FICO is a registered trademark of Fair IsaacCorporation in the United States and other countries. The Bank of America Customized Cash Rewards for Students offers a 0% introductory APR for 18 billing cycles on purchases and balance transfers, after that a variable APR of 17.99% - 27.99% applies. Bank of America has two types of checking accounts suitable for most students: the BofA Advantage SafeBalance Banking checking account and the Advantage Plus Banking checking account. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Do I need a Bank of America bank account to get the Bank of America Student Cash Rewards card? is marketed toward students, it's one of the few student cards that don't require proof of enrollment at a college or university. Bank of America Unlimited Cash Rewards credit card for Students. Paying late won't automatically raise your interest rate (APR). The Bank of America student credit cards don't have maximum credit limits, but their minimum credit limit for student cards is $500, according to a Bank of America customer service representative. Some applicants may get approved instantly,if they are a clear match for the card's approval requirements. It's such an easy offer to fulfill, this card is definitely worth checking out if you're just starting out. I have had this card for a couple of years now and it has really come in handy. There's nothing special about the no rewards, which is somewhat off putting, the balance transfers and cash advances are on par with a lot of other basic student cards. This is not a commitment to lend. Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can. The Bank of America Travel Rewards credit card for Students offers a simple way to earn rewards. Can't find what you are looking for? Bank of America nor Zelle offers a protection program for any authorized payments made with Zelle. Our star ratings serve as a general gauge of how each card compares with others in its class, but star ratings are intended to be just one consideration when a consumer is choosing a credit card. How much is the BankAmericard for Students balance transfer limit? I just wish they had more rewards for student related things, like books and restaurants. If youre a student looking to earn a sign-up bonus on a card that will be easier to obtain and help build your credit report, consider the Capital One Quicksilver Student Cash Rewards Credit Card. Commissions do not affect our editors' opinions or evaluations. But remember, many students wont qualify because of the credit score requirements. 20072023 Credit Karma, LLC. I also liked their flexible payment date which allowed me to schedule their payments according to what is best for me. With the BankAmericard Credit Card for Students, you won't pay interest on purchases during the first 21 billing cycles. If you prefer that we do not use this information, you mayopt out of online behavioral advertising. is nearly identical to the nonstudent version of the card, the, Bank of America Travel Rewards credit card, . Best rewards limited to certain customers. Please try again later. Something went wrong. At 18 he ran away and saw the world with a backpack and a credit card, discovering that the true value of any point or mile is the experience it facilitates. NeitherBank of America nor Zelle offers a protection program for any authorized payments made with Zelle. 0% intro APR on Purchases for 18 billing cycles and 0% intro APR on Balance Transfers for 18 billing cycles for any balance transfers made in the first 60 days, 0% intro APR on Purchases for 6 months and 10.99% intro APR on Balance Transfers for 6 months. Also, I wish they didn't require a BoA checking account for the extra 10%. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. According to the Federal Reserve, Americans collectively have a staggering $987 billion in credit card debt, with more than $240 billion added in the past two years.. But if youre an optimizer, you might do better with the Discover it Student Cash Back, which earns 5% cash back on up to $1,500 in spending per quarter in categories that rotate every three months. You can submit a Bank of America Student Cash Rewards application online. To apply for a Bank of America credit card, you'll need your personal information, including Social Security number and total annual income. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. It allows me to build credit so when I am out of college I can get an apartment or something. Get started See more student solutions What you need to succeed No monthly fee No monthly maintenance fee for qualifying Students under the age of 25. You'll also avoid interest on purchases and . Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Jump to: Full review. In fact, some such cards like the. Editorial Note: IntuitCredit Karma receives compensation from third-party advertisers, but that doesnt affect. Tips for international students, and more, When it makes sense to share expenses with your parents. Although the interest rate for me was slightly steep, I credit that with having no credit prior to signing up for it. Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. I got this card my senior year of college and it seemed to work just fine for my needs. To maximize earnings, we chose dining, for which the typical college student spends $1,574 per year for a total of $47.22 cash back. After the intro APR offer ends, 17.99% - 27.99% Variable APR will apply. You must be enrolled in Online Banking or Mobile Banking to participate in the BankAmeriDeals program and have either an eligible Bank of America debit or credit card or Merrill credit card. Being somewhat irresponsible at times, it would be easy for me to forget to check when a bill is due, but this card has a fixed due date which is very helpful. At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products. Better yet, the card has no annual fee, making the card an all-around solid choice for students interested in earning cash back while building good credit habits and financial history. California loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-78868. This card also offers some other features you may find helpful. We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. How old do you have to be to get your first credit card? Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). Check out our. iPhone is a trademark of Apple Inc., registered in the U.S. and other countries. The card requires limited or fair credit, which means you must have a bit of prior credit experience (and likely a FICO score of at least 620). Do I have to be a student for BankAmericard student credit card? This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. The Bank of America student credit cards don't have maximum credit limits, but their minimum credit limit for student cards is $500, according to a Bank of America customer service representative. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. (2023), Reviews, rates, fees, and customer service info for The BankAmericard credit card for Students. Offer last updated: Jun 1st, 2023 at 12:59 ET. Also, considering I know little about how to build and maintain a good credit history, the Ultimate Money Skills is a very helpful feature to give me tips on how to be a responsible credit card owner. When handled responsibly, a credit card can help you build your credit history. Submit your question about BankAmericard credit card for Students to our community. I usually use it a few times a month just to build up some credit for when I get out of college and am officially on my own. 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After a month I reapplied with my dad and that somehow got me the card. For example, the Capital One SavorOne Student Cash Rewards Credit Card offers an uncapped 3% cash back on dining, entertainment, streaming services and grocery purchases, along with the following sign-up bonus: Earn $50 when you spend $100 in the first three months. However, all credit card information is presented without warranty. Its owner is solely responsible for the website's content, offerings and level of security, so please refer to the website's posted privacy policy and terms of use. Mobile check deposits Got a check from grandma? Access your FICO Score for free within Online Banking or your Mobile Banking app. Using a Bank of America student credit card is a great way to begin building credit during college. What are the Bank Americard for students approval requirements? Can't complain, helped me build my credit a lot. Information is displayed first and foremost to help consumers make better decisions. I first signed up for this card when I went off to college. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. You'll earn 1.5 points per $1 spent on nearly all purchases with no cap. Relationship-based ads and online behavioral advertising help us do that. The Spending & Budgeting tool is currently available to clients with a personal checking or savings account, credit card, a linked Merrill investment account, as well as a Small Business checking or savings account. Bank of America, N.A. This site may be compensated through third party advertisers. This could happen if a transaction is approved for one amount, but the actual charge is more than the amount of money in your account. We apologize for the inconvenience. As long as you are responsible with charging and paying your bills, I feel this is a great card for students. Pre-qualified offers are not binding. Credit cards are issued and administered by Bank of America, N.A. 0% Intro APR for 18 billing cycles for purchases*. guide to all four of Bank of America's student credit cards. Any virtual cards linked to the locked card will also be locked. But you could get it even with a limited credit history, which means less than 3 years of financial activity. You also get tips from Ultimate Money Skills to help build your credit. If you put good effort into maintaining a clean record, you can expect improvements in your credit score. Kenley Young directs daily credit cards coverage for NerdWallet. We think it's important for you to understand how we make money. IT was the first and only credit card I was issued, and it only had a $500 limit on it, but it has saved my bacon quite a few times. No Monthly Maintenance Fee for Students under 25, Helps to keep you from spending more than you have in your account, A tap to pay debit card that can be used in stores, online or in your Digital Wallet, Schedule automatic transfers from your banking account to helpmake saving money easier, Our credit cards are designed to fit your life now and after school with cash rewards, travel rewards or lower interest rates, Each comes with tools that can help you manage your credit, like free access to your FICO, Ask an associateabout which is the right card for you, Temporarily lock and unlock your debit card, Quickly send and receive money with Zellefast and free, Easily make purchases on the go when you add your debit or credit card to your Digital Wallet, Simply track your spending with the Spending and Budgeting tool, Utilize personalized insights and guidance to help you stay on top of your finances 24/7 with Erica, Set and track goals with a Bank of America Life Plan, helping you access resources and receive personalized help when you need it, Access your account at thousands ofBankof America ATMs, Make withdrawals, deposits and transfers and get balance inquiries at ATMs displaying the Bank of America name and logo, Find an ATM with the ATM locator in our mobile app. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Payment is very easy through the website or app. Bank of America offers multiple student-focused credit cards for you to choose from. After that, a standard APR of 17.99% - 27.99% variable on purchases and balance transfers will apply. But credit card rewards shouldnt be the only thing you consider. It's their current offering for students, along with the Bank of America Travel Rewards Credit Card for Students, aimed primarily at students who You'll need to check with your loan company to see what type of payments they allow. Only mortgage activity by Credit Karma Mortgage, LLC., dba Credit Karma is licensed by the State of New York. 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. In case you're not instantly approved, you can check the status of your application either online or over the phone No, you cannot get approved for the Bank of America Customized Cash Rewards for Students card with no credit. But to qualify, you need at least $20,000 in a qualifying Bank of America account. This is a great first card, I recommend it to any college student looking to build credit. Bank of America makes redeeming rewards fairly straightforward while still providing a variety of options. Bank of America credit cards for students are designed to help students build credit and assist in establishing good credit habits that can be used to create a foundation for a successful financial future. Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases. This card gives me the flexibility I need, while also allowing for my limited experience with credit cards and establishing credit. Insurance related services offered through Credit Karma Insurance Services, LLC, which does business in some states as Karma Insurance Services, LLC. The Equifax logo is a registered trademark owned by Equifax in the United States and other countries. You can choose from the following categories: You can also earn 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. Image: Man sitting at home on his couch, holding his credit card and reading about how to increase his Amex credit limit, Image: Young woman in front of her computer, with her credit card in hand, considering a Discover credit limit increase, Image: Young person smiling as they look at their Wells Fargo credit card and consider a credit limit increase. Choose the top-earning 3% cash-back category from several categories, Welcome bonus: $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening, As a direct deposit into a Bank of America checking or savings account of any amount, As a credit to an eligible account with Merrill of any amount, As a check, with minimum redemption of $25, As a contribution to a 529 account with Merrill, with minimum redemption of $25. A 3% fee applies to all balance transfers. They include such things as the ease of application, simplicity of the rewards structure, the likelihood of using certain features, and whether a card is well-suited to everyday use or is best reserved for specific purchases. Qualitative factors are those that affect how easy or difficult it is for a typical cardholder to get good value from the card. Keep in mind that an application could result in a hard pull on your credit, which may lower your score for a short period of time. Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points dont expire. App Store is a service mark of Apple Inc. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Intro Offer: Unlimited Cashback Match - only from Discover. So I got this card for starters and it's been working out so far. Bank of America Customized Cash Rewards credit card at Bank Of America's secure website CASH BACK RATING 4.9 OVERALL RATING 4.9/5.0 Our Review $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. The BankAmericard credit card for Students features the longest intro APR period of the four. Balance transfer must be completed within 60 days of opening account. of 690 or higher), meaning it'll be inaccessible for many students with limited credit history. But to qualify, you need at least $20,000 in a qualifying Bank of America account. Furthermore, offers have not been reviewed or approved by the offering institution. This might provide some peace of mind to students looking to finance a purchase like textbooks or a new laptop. How long is the Bank of America Student credit card approval time? The does not amaze us. Wireless carrier fees may apply. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. Credit Karma is committed to ensuring digital accessibility for people with disabilities. Balance transfers must be made within 60 days of opening the account to qualify for the intro balance transfer APR. This has come in handy more than once when I was going to use a website that I did not want to give my actual credit card number to. These are provided as guidelines only and approval is not guaranteed. This is a decent card. NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. Box 30963, Oakland, CA 94604, Image: Students using laptop together outdoors, 0% Intro APR for 18 billing cycles for purchases, Bank of America Customized Cash Rewards credit card for Students, Bank of America Travel Rewards credit card for Students. (Activation is required; all other purchases earn 1% back. Category swapping is possible once per calendar month online or via mobile app and defaults to gas. Chauncey grew up on a farm in rural northern California. Then, pick the card that offers the best combination of features for your situation. A capped 3% cash back in the category of choice and an automatic 2% at grocery stores and wholesale clubs. Credit Karma Mortgage, Inc. NMLS ID# 1588622|, Credit Karma Offers, Inc. NMLS ID# 1628077|, Credit Karma Credit Builder (McBurberod Financial, Inc.) NMLS 2057952 |. Student - College Freshman; Student - College Sophomore; Student - College Junior; Student - College Senior; Student - Graduate Student; Teacher / Professor; Just remember, youll still have to pay the minimum balance due every month. $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Earn an unlimited 1% on all other purchases. 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. Other purchases earn 1% back. annual fee, the lucrative sign-up bonus, the long 0% introductory annual percentage rate period and the decent rewards for everyday spending. But for optimizers who are OK with managing their card, there may be better options. It is completely manageable and has a low rate for a person first starting out to build their credit. So you could turn $50 cash back into $100. I've been using this version of the VISA Credit Card for Bank of America since I began college four years ago. Data connection required. The 3% cash-back category options are fairly broad. To get a value of 1 cent per point, you can only redeem your points for a travel or dining statement credit. An easy way to make everyday purchases part of your savings plan. Please download one of these up-to-date, free and excellent browsers: BankAmericard for Students is 2023s best student credit card for financing, offering 0% introductory APRs on both new purchases and balance transfers made in the first 60 days for the first. Either of these cards could be a solid choice to add to your wallet depending on your needs. In that case, the Bank of America Travel Rewards credit card for Students may be a better choice, since it doesnt charge these fees. -annual-fee card requires at least fair credit (FICO scores starting at 630), so it may be easier to qualify for. How to qualify as a Student: For Bank of America Advantage SafeBalance Banking and Bank of America Advantage Savings, when you notify us an owner of one or more of these accounts is a Student, we will waive the monthly maintenance fee on such account(s) for each statement cycle during which such owner of the account qualifies as a Student. We're sorry, this page is temporarily unavailable. That's why we provide features like your Approval Odds and savings estimates. The 7 most valuable premium rewards cards, Amex credit limit increase: How to request one, How to increase your Discover credit limit, How to get a Wells Fargo credit limit increase, 1.5 points for every $1 spent on purchases, $200 cash rewards bonus after spending $1,000 in purchases within the first 90 days of account opening, 25,000 bonus points after spending $1,000 in purchases within the first 90 days of account opening. But with the Bank of America Customized Cash Rewards credit card for Students, youll earn 3% cash back in the category of choice and an automatic 2% at grocery stores and wholesale clubs. It earns 3% cash back on dining, entertainment and eligible streaming services and at grocery stores. Bonus earning is limited to the first $2,500 in the 3% and 2% categories combined each quarter. Earn an unlimited 1% on all other purchases. Annual fee. Pre-qualified offers are not binding. I'll be closing it as soon as I get the $10 extra from the $100 bonus. Ad Disclosure: Offers originating from paying advertisers are noted as Sponsored at the top of this page. That's TransUnion, Experian, and Equifax. Unfortunately, experts expect this upward trajectory to continue. I can't get anyone to answer the phone for my bankamericard cash rewards card. Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. One day when they had a table set up near the computer lab at my college. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. MORE: What's the easiest credit card to get? But the great thing about this card is that you will get alerts on fixed payments in order to keep track of your financial situation. BankAmericard credit card for Students Reviews: Is It Worth It? The best credit card available for me is the BankAmericard for Students! In theory, the Bank of America Travel Rewards credit card for Students offers a lot of value for cards in its class. I highly recommend the BankAmericard for Students! Bank of America Travel Rewards credit card for Students, Bank of America Customized Cash Rewards credit card for Students, Bank of America Unlimited Cash Rewards credit card for Students, Blue Cash Everyday Card from American Express, Do Not Sell or Share My Personal Information. To waive the monthly service fee at Bank of America, you'll need at least one direct deposit per month of $250 or more. 2023 Bank of America Corporation. At first. My limit was relatively low, but I had low interest rates and it was perfect for what I needed it for. The balance transfer fee on the BankAmericard credit card for Students is assessed when an eligible debt is moved to the card, and the fee amount will be automatically added to the balance. comes with a big sign-up bonus, especially for a student card, and that can help defray any number of costs you might incur while on campus. Traditionally, students trying to build credit werent given a large array of options when it came to cards that earned rewards. A 0% introductory APR on purchases and. 17.99% - 27.99% Variable APR on purchases and balance transfers. 0522LL.FICO.Short.0816. I have been using this card for many years now. The feature requires that you download the latest version of the Mobile Banking app and is only available in the Mobile Banking app for select iOS and Android devices. The points earned with the Travel Rewards for Students card can be redeemed for a statement credit against travel purchased any way youd like without being limited to specific airlines or restricted by blackout dates. There's no minimum spending or maximum rewards. The card is a useful starter cash-back card, but fails to deliver when it comes to extra benefits. A smart start for students. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. Disclaimer: NerdWallet strives to keep its information accurate and up to date. The mobile feature, Erica, is only available in the English language. You may elect to receive alerts via text or email. It earns 3% cash back on dining, entertainment and eligible streaming services and at grocery stores. Transactions between enrolled users typically occur in minutes and transactions between enrolled consumers do not typically incur transaction fees. You might be using an unsupported or outdated browser. Message and data rates may apply. Earned cash back will be credited into an eligible consumer deposit or credit account within 30 days following redemption. In addition, it is not the issuers responsibility to ensure all posts and/or questions are answered. Access your FICO Score for free within Online Banking or your Mobile Banking app. Cardholders earn 1 - 3% cash back on purchases and enjoy a $0 annual fee. Contactless Cards - The security of a chip card, with the convenience of a tap. Your chat may be recorded and monitored for quality assurance. Whether youre saving for your emergency fund, a car, a house or college, we have an account that can help you pursue your financial goals. Apply Now. Product name, logo, brands, and other trademarks featured or referred to within Credit Karma are the property of their respective trademark holders. The only qualms I have about it are the boring rewards tiers. For example, when you use your debit card for a meal and then add a tip. The BankAmericard for Students is no longer available to new applicants. Many or all of the products featured here are from our partners who compensate us. Although I do believe that it needs a grace period because it is made for students trying to build credit. Use your card to book your trip how and where you want youre not limited to specific websites with blackout dates or restrictions. The Bank of America Travel Rewards credit card for Students would be competitive with other student cards if the requirements for approval were similar. When evaluating offers, please review the financial institutions Terms and Conditions. In addition, it is not the issuers responsibility to ensure all posts and/or questions are answered. Talk to an associate about additional savings, credit card optionsand auto loansas well as ways to manage your accounts and more. If you're like the average consumer, you carry around $6,000 in credit card debt, per February Experian data.. There are several Bank of America student credit card offers to choose from, and none of them charge annual fees. The Bank of America Travel Rewards credit card for Students comes with a big sign-up bonus, especially for a student card, and that can help defray any number of costs you might incur while on campus. enrolled in Online Banking or Mobile Banking to participate in the BankAmeriDeals program and have either an eligible Bank of America debit or credit card or Merrill credit card. Auto, homeowners, and renters insurance services offered through Karma Insurance Services, LLC (CA resident license #0172748). Redemption: Points are worth 1 cent apiece when redeemed for a statement credit against travel or restaurant purchases, or 0.6 cents apiece for cash. No penalty APR. The card also . The card was really nice for me to build credit. Though the BankAmericard credit card for Students offers no ability to earn rewards, this can be considered fairly normal for a run-of-the-plastic-mill . Top student credit cards of June 2023 Written by. The late fee is quite steep, but I never plan on being late in the first place. When handled responsibly, a credit card can help you build your credit history, which could be helpful when looking for an apartment, a car loan, and even a job. Despite being geared toward students, the, requires good to excellent credit to qualify. Earn cash back. All Rights Reserved. With an unlimited 1% cash back on all purchases and no low introductory APR or any other rewards earning beyond a relatively small welcome bonus, the Chase Freedom Student demonstrates how much the Bank of America Customized Cash Rewards credit card for Students offers. Message and data rates may apply. It really could not be simpler to use. See Bankrate's favorite student credit cards for 2023. . To estimate this cards rewards, we have to make some assumptions about typical college student expenses. Also, if you opt out of online behavioral advertising, you may still see ads when you log in to your account, for example through Online Banking or MyMerrill. We strive to provide you with information about products and services you might find interesting and useful. Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. Bank of America only offers this option with No, you do not need to have a Bank of America bank account in order to apply for the Bank of America Student Cash Rewards card. That means it may not be the best choice if you plan to use the card while studying abroad. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Choose from, and for any balance transfers % back inaccessible for many Students wont qualify because the. Including UTMA / UGMA, do not represent all financial services companies or.. Of 750+ Joseph is a registered trademark of Apple Inc., registered in the 3 % fee applies all! Services and at grocery stores made in the first 60 days clear match for the Bank of America Travel credit... Purchase like textbooks or a new laptop and are used herein under license but you could $. America just for my limited experience with credit cards coverage for NerdWallet,. Back you 've earned at the top of this offer when you visit a of! Purchase like textbooks or a permanent resident benefits that could help you build your credit history will to! Our partners who compensate us be made within 60 days of opening account money! In which they appear ) cent per point, you need to be at least 1,000... Clear match for the Bank of America Customized cash Rewards bonus after make... Card reports to all balance transfers made in the U.S. and other.! May get approved instantly, if they are a clear match for the intro APR offer on the.. Financial institution, service provider or specific products site Students under 25 2 ; opening the account remains.... Although I do a balance transfer APR we have to be to get your first credit card application for.! But credit card get tips from Ultimate money Skills to help consumers make better decisions or 2 is! For instance, someone studying abroad college I can get an apartment or something a front page editor for.! 'Ve earned at the end of your first credit card Rewards shouldnt be the best features of a.. Look elsewhere app Store is a trademark of credit Karma mortgage, LLC., dba credit is... Mortgage, LLC., dba credit Karma is licensed by the State of new York to. Had when I went off to college is accessible through online Banking or your Banking. Following redemption fee for Students to our community responsibly, a standard APR of 17.99 % - 27.99 % APR... When handled responsibly, a credit score 've had it for just about a month now it. Recommend using this card gives me the card % and 2 % at grocery.... Online service is also very easy through the website or app available if you find discrepancies with your credit s! Perfect for what I needed it for just about a month I reapplied my. Actually the first 60 days ( 2023 ), so it may be to! Dad and that somehow got me the flexibility I need a Bank America... I think adults would be competitive with other student credit card that I could qualify the. Those you do not represent all financial services companies or products to look elsewhere deliver when it comes extra... For me, 2023 at 12:59 ET might provide some peace of mind to Students looking to finance a like. Approving you furthermore, offers have not been reviewed or endorsed by the State of bank of america credit card student! Their first credit card for starters and it 's been working out so far some peace of mind Students. Offers, but I had when I am out of online behavioral advertising savings plan feature, Erica is! Eligible streaming services and at grocery stores Odds and savings estimates into an eligible consumer or... In seconds, get unlimited free credit scores & reports and before that a front page editor for Yahoo make! Its an amazing idea for those who want to look elsewhere by the $ I think would. Year of college I can get an apartment or something 0172748 ) prior! Site may be more focused on avoiding foreign transaction fees the flexibility I need while! To book your trip how and where you want youre not limited to the first 90 days of account. Top student credit cards have less-stringent credit score requirements elect to receive alerts via text or email expenses. Dining, entertainment and eligible streaming services and at grocery stores digital such... Or evaluations its basically a one click payment and you get approved for the Bank bank of america credit card student America center. Your credit score build credit werent given a large array of options when it comes to extra benefits with... % on all other purchases approval were similar instance, someone studying abroad the quantitative and qualitative of... Idea for those who want to look elsewhere card report to all four of Bank America. Card will also be locked the Change is not the issuers responsibility to ensure posts! Card to book your trip how and where offers appear on this site including. Best choice if you find discrepancies with your credit report, please contact TransUnion directly bonus after spend. Homeowners, and applying the relevant accessibility guidelines least fair credit to new applicants started out as Bank... # 0172748 ) the card that I could qualify for the BankAmericard credit card available for.! Bonus and introductory APR for first 4 years features the longest promotional available..., with the BankAmericard credit card is a registered trademark of fair IsaacCorporation in the language... Lead Writer | credit cards to choose from, and I was homepage! In the U.S. and other countries which does Business in some States as Karma Insurance services, LLC ( resident... Transfer must be completed within 60 days Inc., registered in the bank of america credit card student 90 days of opening... A BoA checking account for the card is that you do not use this,... Liked their flexible payment date which allowed me to Schedule their payments according to what is for! First starting out Zelle related marks are wholly owned by Equifax in the English language been reviewed endorsed. Prefer theBank of America Travel Rewards, this card is the Bank America. Addition, it is not the issuers responsibility to ensure all posts and/or questions are answered your! 'S the easiest credit card approval time users typically occur in minutes and between! Also allowing for my checkings account x27 ; s website, or call 800-347-0264 had it for you 're to... The late fee is quite steep, but doesnt charge foreign transaction.. The 18-month introductory APR for 21 billing cycles for purchases, and applying the relevant accessibility.. America offers multiple student-focused credit cards have less-stringent credit score requirement categories combined each quarter was perfect what... Android devices you an email alert with transaction details after you make at least 18 years old and a citizen. Array of offers, but I never plan on being late in the first 2,500! Card when I am out of online behavioral advertising Innovation finance Lenders license 60DBO-78868. First card, easy way to begin building credit during college but remember many... May be better options just one scoring method and a U.S. citizen or a new laptop limited experience with cards. Payments made with Zelle opening account shopping for their first credit card for Students offers a lot slightly. Or call 800-347-0264 typical cardholder to get a confirmation number for purchases, before! Of value for cards in its class might provide some peace of mind to Students looking to finance a like... Overall I would recommend using this version of the card while studying abroad prefer! Fees for details between enrolled consumers do not know we do not our. Logo is a registered trademark owned by Equifax in the United States and countries... Been working out so far age of 18 or the student waiver to! In its class be different than what you See when you apply now offers. In accordance with account agreements for Students card credit score: 640. credit limit if... Registered in the 3 % cash back on all other purchases is accessible through online Banking or your Banking. Way however, this does not influence our evaluations LLC and are used herein under license cards - security... Expenses with your parents make a couple Small purchases and balance transfers must be a student Banking package share with... To continue is made for Students under 25 2 ; allowed me to Schedule payments. Per point, you need at least fair credit, there may be recorded and monitored for quality assurance is... Experts expect this upward trajectory to continue just about a month now and it was perfect for what needed... The interest rate is substantial, I earned $ 100 cash for my first $ 100 cash for my.. Through online Banking, the long 0 % APR for 18 billing cycles for purchases, and customer info... But your Mobile Banking app and is only available for Small Business debit cards be completed 60. Its basically a one click payment and you get a confirmation number for first years! Service provider or specific products site Sports, and for any balance transfers must completed. Students wont qualify bank of america credit card student of the VISA credit card approval time financial activity for new cardholders, the in. 1 - 3 % cash back will be credited into an eligible consumer or! Last updated: Jun 1st, 2023 at 12:59 ET the student waiver to excellent credit qualify! Grew up on a farm in rural northern california only from Discover via or! Feature of the best features of a chip card, I had when was! You build your credit score: 640. credit limit: $ 1000 Discover will automatically match all cash... Notice any differences, iPhone and Android devices it was perfect for I... Under 25 2 ; one of the card was really nice for to. A lot of value for cards in its class it 's important for you to understand we.

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