There is no TD Bank 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 Card gives 3% cash back on dining, 2% at grocery stores and 1% on other 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 $500, 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 Card and the Target 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 Card requires you to put up a refundable deposit of $500 or more. But you get 3% cash back on dining, 2% at grocery stores and 1% on all other 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 no 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.
Capital One Journey Student Rewards offers 1% cash back on all purchases, 1.25% if you pay on time, and has no annual fee. And Discover it Student chrome gives up to 2% back on purchases, doubles your rewards earned the first year, and gives a $20 reward each year your GPA is 3.0+. It has no 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.
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