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.
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.
You can apply for a student credit card online, at a branch or (in some cases) by phone. To be eligible for approval, student credit card applicants must be at least 18 years old, earn enough income to afford monthly bill payments, and have limited credit or better (just not bad credit). … read full answer
To fill out a student credit card application, you will need to provide your annual income, your Social Security number (or an applicable alternative for international students) and other personal information – usually along with information about your school. As with any credit card, when you apply for a student credit card, you could receive a decision instantly if you apply online, or it could take as long as 10 business days. It usually takes 7-10 business days to receive a card in the mail after approval.
How to Get a Student Credit Card
Apply online, over the phone, or in-person. Make sure to have your SSN (or accepted alternative) and annual income at hand. If you’re under 21, you’ll need to have independent income to get approved for a credit card.
Wait for a decision. Sometimes, you’ll get an instant decision. If not, the typical waiting period for credit card applications is 7-10 business days.
Watch your mailbox. If you’re denied, the credit card company will send you a letter explaining your denial. If you’re approved, you’ll receive your credit card in the mail 7-10 days after you’re approved.
Student credit card issuers obviously expect applicants to be students, and many require proof. But they all do it a little differently. For example, the Citi Rewards Student Card asks for your school’s details and your expected graduation date on the application, and its terms say the card is for currently-enrolled students only. At least one student credit card, the Capital One Journey Student Credit Card, doesn’t require applicants to be students in its terms and conditions.
Applying for a student credit card might sound complicated and intimidating, especially if it’s your first credit card application. Try not to sweat it, though—the process is fairly simple in reality.
Student credit cards are a good way for students without much credit history to build credit. Their rewards can also work in a student’s favor. Some offer statement credits for good grades and perks for paying the bill on time. And you definitely need to pay all the bills on time if you want to be successful after you apply for a student credit card.
To meet the Bank of America credit card requirements, you must be a U.S. resident who is at least 18 years old. Non-resident aliens can only apply for certain Bank of America credit card offers through a local Bank of America financial center. You must also agree to let Bank of America pull a copy of your credit report and employment history. Other requirements are a completed application with all requested personal and financial information, including your name, address, birthdate, annual income and sources for that income. If under 21, the CARD Act emphasizes that you must be able to provide proof of an independent source of income for making payments. You will also be asked for your monthly rental or mortgage payment.… read full answer
Here are the Bank of America credit card requirements:
Age: Applicants must be at least 18 years old. The CARD Act emphasizes that applicants under 21 need to be able to prove that they have an independent source of income that is enough to make credit card payments. If you're under 18, you may become an authorized user on someone else's Bank of America credit card account.
Personal and financial information: Applicants are required to provide personal information such as their name, address, phone number, email, citizenship tatus, country of residence and date of birth. In addition to this, Bank of America also asks for financial information such as employment status, annual income, source of income, and monthly housing payments.
When you apply, enter complete and accurate information in each required field. Knowingly submitting false or misleading information on a credit card application is considered fraud and is illegal. Bank of America credit cards will also have specific credit score requirements. If you don't know where you stand, you can check your credit score for free, right here on WalletHub. You can also check out our editor's guide on how to improve your credit score.
The Bank of America credit score requirement is 750 or higher for the best Bank of America credit card offers, though other options are available for people with lower scores. It is possible to get approved for a credit card from Bank of America with limited credit history or a bad credit score, for example.… read full answer
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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