What are the Bank of America student credit card requirements? This question is about Bank of America Student Credit Cards

The Bank of America student credit card requirements include credit score, income, and proof of enrollment. In addition, you need to be a U.S citizen or Resident Alien with a valid Social Security Number. You must also consent to letting Bank of America obtain a copy of your credit report and your employment history. All Bank of America student credit cards have the same requirements. Here are the Bank of America student credit card requirements: Minimum age: You must be at least 18 years old to qualify. Income: Applicants must provide proof of independent income (from a part-time job, for example) sufficient to pay the bill every month. Residency requirements: You need to be a U.S citizen or a permanent resident and have a U.S address (not a P.O. Box). A valid Social Security Number is also required. Proof of enrollment: You should have a valid Student ID and an active college e-mail address. Bank of America currently offers 4 student credit cards with their own unique package of perks and benefits. The drawback is that you’ll start out with a high interest rate and a low credit limit. Bank of America does not charge an annual fee for its student cards. Student credit cards are fairly easy to get, as they are targeted to students with limited or no credit. You’ll likely qualify for a student card when you wouldn’t normally be approved for a general credit card, and you’ll be well on your way to building a positive credit profile. However, if there are negative entries on your credit card such as delinquent payments or defaults on credit accounts, you’re not likely to be approved.

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What are the Bank of America student credit card requirements?

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This question is about Bank of America Student Credit Cards

Sarah Bilkins, WalletHub Credit Card Analyst

@sarah.bilkins • 03/04/22 This answer was first published on 03/04/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Bank of America student credit card requirements include credit score, income, and proof of enrollment. In addition, you need to be a U.S citizen or Resident Alien with a valid Social Security Number. You must also consent to letting Bank of America obtain a copy of your credit report and your employment history. All Bank of America student credit cards have the same requirements.

Here are the Bank of America student credit card requirements:

Minimum age: You must be at least 18 years old to qualify.
Income: Applicants must provide proof of independent income (from a part-time job, for example) sufficient to pay the bill every month.
Residency requirements: You need to be a U.S citizen or a permanent resident and have a U.S address (not a P.O. Box). A valid Social Security Number is also required.
Proof of enrollment: You should have a valid Student ID and an active college e-mail address.

Bank of America currently offers 4 student credit cards with their own unique package of perks and benefits. The drawback is that you’ll start out with a high interest rate and a low credit limit. Bank of America does not charge an annual fee for its student cards.

Student credit cards are fairly easy to get, as they are targeted to students with limited or no credit. You’ll likely qualify for a student card when you wouldn’t normally be approved for a general credit card, and you’ll be well on your way to building a positive credit profile. However, if there are negative entries on your credit card such as delinquent payments or defaults on credit accounts, you’re not likely to be approved.

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Bank of America Credit Score Requirements by Card

Bank of America® Customized Cash Rewards Secured Credit Card: 300 (Bad credit)

Sonesta Credit Card: 700 (Good credit)

Alaska Airlines Credit Card: 700 (Good credit)

Bank of America® Travel Rewards Credit Card for Students: less than 3 years of credit history (Limited History credit)

BankAmericard® Secured Credit Card: 300 (Bad credit)

Bank of America® Premium Rewards® credit card: 750 (Excellent credit)

BankAmericard® credit card: 750 (Excellent credit)

Bank of America® Travel Rewards credit card: 750 (Excellent credit)

Bank of America® Customized Cash Rewards credit card: 750 (Excellent credit)

Norwegian Cruise Line® Credit Card: 700 (Good credit)

Keep in mind that it’s best to wait to apply for a given card until you meet the credit score requirement. You can check your credit score for free on WalletHub.

You should also note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for a Bank of America credit card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.

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How do I qualify for a student credit card?

To qualify for a student credit card, an applicant must be a student, at least 18 years old, and capable of affording monthly credit card payments. Proof of enrollment at a college or university may be needed, too, though specific documentation requirements vary by card issuer.

What's Needed to Qualify for a Student Credit Card?… read full answer

Minimum age requirement of 18 years.

You must be at least 18 years old and a U.S. citizen or legal resident to apply for a student credit card. A Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN) is required in most cases, although international students who do not have an SSN might still qualify for a card such as Deserve® EDU Mastercard for Students if they meet the issuer's other requirements.

Proof of independent income.

Applicants under 21 years old must demonstrate an ability to pay the monthly credit card bill with their own source of income. Savings or wages from a part-time job would meet this requirement. Another option, if you can find an issuer that still allows it, is to have a co-signer who is at least 21 years old guarantee payment on the account.

Limited or no credit history.

Student credit cards are designed for people with limited or no credit, so if you have a bad credit score of 639 or less, your application will likely be rejected. Before you apply, you can sign up for a free WalletHub account to check if you have a credit score yet.

Verification of enrollment.

Most issuers will request some proof that you're a student, such as a college e-mail address. Though not all student credit cards require specific documentation, you should still be truthful when you apply.

Avoid too many recent credit inquiries.

It's important to minimize the number of times you apply for credit in a short period of time, particularly if you have limited or no credit. When you apply for a student credit card, issuers will perform a hard pull of your credit report, and if your credit history turns up frequent credit inquiries, or hard pulls, an issuer may view you as a credit risk and reject the application. So, don't apply for a bunch of cards all at once.

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What is the best Bank of America student credit card?

The best Bank of America student credit card is the Bank of America® Customized Cash Rewards Credit Card for Students. It’s available to college students with limited or better and offers bonus cash back rewards in everyday purchase categories. Cardholders get 2% cash back at grocery stores and wholesale clubs and 3% back in a category of their choice, up to $2,500 spent per quarter in those categories combined. All other purchases get 1% cash back.… read full answer

The Bank of America Cash Rewards for Students also offers an initial bonus of $200 for spending $1,000 in the first 90 days after account opening. To top it off, the card has a $0 annual fee and offers a intro APR of 0% for 15 months on purchases and 0% for 15 months on balance transfers.

For students who travel a lot, the Bank of America® Travel Rewards Credit Card for Students may be a better choice. It’s also available to students with limited. Its rewards are 3 points / $1 spent at the Bank of America Travel Center and 1.5 points / $1 spent everywhere else. And its bonus is 25,000 points for spending $1,000 in the first 90 days. The Bank of America Travel Rewards for Students has a $0 annual fee and an intro APR of 0% for 15 months on purchases.

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