Does TD Bank offer a student credit card?

Question

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). 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 … read full answer 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.

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.

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 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.

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Answer 1 · 2021-04-05 21:32:16

Maria Adams, Credit Cards Moderator

@m_adams 04/05/21 This answer was first published on 04/02/21 and it was last updated on 04/05/21.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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No, TD Bank doesn’t offer a student credit card. TD Bank recommends that students interested in applying for a credit card get the TD Cash Secured Credit Card, which is designed for people with limited credit (and even bad credit). The TD Cash Secured Credit Card gives 1% cash back, on all eligible purchases. TD Bank also has checking and savings accounts designed specifically for students.

If you’re approved for the secured card, you’ll open a TD Bank savings account and have 15 days to deposit funds. Your deposit, which must be at least $300, serves as your credit limit. You will not be permitted to deposit additional funds to increase your credit limit.

TD Bank also invites students to apply for its other consumer credit cards, as long as they have established at least fair credit. TD Bank’s store credit cards – including the Nordstrom Credit Card and the Target Credit Card – require only fair credit and figure to be the easiest to get.

Here’s how students can build credit with a TD Bank credit card:

TD Bank does not have a student credit card. The best alternative is the TD Cash Secured Credit Card.
The TD Cash Secured Credit Card requires you to put up a refundable deposit of $300 or more. But you get 1% cash back on all eligible purchases. There’s an annual fee, but it’s just $29.
The Target Credit Card issued by TD Bank is another good option for students who have fair credit. You can only use it at Target, but you can buy a huge variety of products there. And, you get 5% off all purchases, free 2-day shipping and extended returns all for a $0 annual fee.
Students who know someone with a TD Bank credit card can become an authorized user on their card.

Since there’s no TD student credit card, you can go for their secured card or store cards. But you should also consider getting a student card from another issuer. Journey Student Rewards from Capital One offers 1% cash back on all purchases, 1.25% if you pay on time, and has a $0 annual fee. And Discover it® Student chrome gives 1 - 2% cash back on purchases, doubles your rewards earned the first year, and gives a $20 statement credit as a reward each year your GPA is 3.0+, for up to 5 years. It has a $0 annual fee, too.

Whatever card you choose, just make sure not to get carried away. Spend responsibly and don’t use too much of your available credit. Also pay on time, and in full, every month.

Does TD Bank offer a student credit card?

Maria Adams, Credit Cards Moderator

Here’s how students can build credit with a TD Bank credit card:

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