Does TD Bank offer a student credit card?

You can generally apply for a student credit card online or at a branch. In some cases, you can also apply over the phone, depending on the card. To be eligible for approval, 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). Some other personal information might be required as well, along with information about your school. Note that when you apply for a student credit card, you could receive a decision instantly. But in some cases 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

1. Apply online, over the phone, or in-person. Make sure to have your SSN (or an 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.
2. 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.
3. 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, certain cards ask for your school’s details and your expected graduation date on the application. But there is at least one student credit card, the Journey Student Rewards from Capital One, that doesn’t require applicants to be students in its terms and conditions.

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.

Yes, a full-time college student can get a credit card, assuming they are at least 18 years old and have enough income to afford minimum monthly payments. Income requirements depend on age, meaning students under 21 can only include individual income, while those 21 and over can take household income into account. Individual income can come from a part-time job, paid internship, or scholarship, among other sources. Some issuers will also take into consideration any allowance regularly deposited in a personal bank account.... read full answer

Being a full-time college student gives you access to an extensive range of credit cards designed specifically for students. Credit cards for students usually offer lower fees and interest rates, as well as higher rewards, compared to general consumer cards for people with a limited credit history.

Best Credit Cards for Full-Time College Students

Full-Time College Student Credit Card Requirements

Be of legal lending age.

The minimum age for getting a credit card in most states is 18. If you live in Alabama or Nebraska, some credit card issuers require you to be at least 19 years old.

Have enough annual income.

If you are under 21 years old, you must prove that you have enough independent income to afford minimum monthly payments. If you are at least 21 years old, you can include money earned by a spouse, parent, or partner as shared household income, as long as you have reasonable access to it.

Have a university email address.

Most credit card issuers allow you to put down a personal email address, but adding a valid .edu address to your credit card application makes it easier for the credit card issuer to validate your enrollment status.

Have additional proof of enrollment in college.

Some student credit card issuers will require proof that you are enrolled, either full-time or part-time, at a college or university. In some cases, you may be asked to provide documentation such as an acceptance letter. They might also verify your enrollment status through the National Student Clearinghouse.

Final Thoughts

Not only can you get a credit card as a full-time college student, but you’ll probably get a better deal than if you wait to get a credit card until after college. You can easily compare the best student credit card offers on WalletHub.

The best type of credit card for students is a student credit card since these cards tend to have better terms than most other credit cards for limited credit. The best student credit cards offer $0 annual fees, rewards and sometimes even 0% intro rates on purchases or balance transfers. Student credit cards are also easy to get approved for with limited or no credit. ... read full answer

Banks and credit unions tend to offer students favorable credit card terms, even if their credit history and income are limited right now, because students have a higher earning potential once they graduate. So, if you are a student looking to build credit and save money, check out WalletHub’s editors’ picks for the best student credit cards.

Best Student Credit Cards

If you do get rejected for a student credit card, you can apply for a secured card. Secured credit cards are the easiest cards to get approved for since a security deposit is required to open the account, which lowers the risk for the lender.