BB&T does not offer a student credit card. There are checking accounts, debit cards, and loans designed specifically for students, but there are no credit card options available for students to establish credit.
Building credit as a student is a major step toward setting up your financial future once your school days are over. At some point, you will need to buy or lease a car; rent an apartment or apply for a mortgage; and purchase insurance premiums.
In addition, your eligibility for some jobs may be contingent on a solid credit report. The sooner you start establishing credit, the easier it will be to make the transition from the classroom to the working world, financially speaking.
A student credit card is a valuable resource to start your credit out on the right foot, if you use the card responsibly. Student cards are fairly easy to get, and terms and features are typically superior to those on traditional cards for people with limited credit.
You'll likely start out with a low credit limit, but the objective is not to go on spending sprees, but to make a reasonable amount of purchases, and pay your bill – on time – every month. If you do that consistently, you'll set yourself up for credit limit increases, and better still, a stellar credit history.
Here are some good student credit cards:
- Discover it Student Cash Back: 0% APR for 6 months on purchases; 14.74%-23.74% (V) after. 5% cash back per $1 spent on select categories that change every quarter. Get matching cash back on all rewards earned at the end of your first year. $20 statement credit for a 3.0+ GPA each year, up to five years. No annual fee.
- Journey Student Rewards from Capital One: 1% cash back per $1 spent on all purchases. Rate increases to 1.25% for each monthly you pay your bill on time. Eligible for credit limit increases when your pay your first five credit card bills on time. No annual fee.
- Bank of America Cash Rewards Card for Students: $200 cash bonus when you spend $500 in the first three months. 3% cash back per $1 spent on gas, and 2% at grocery stores and wholesale clubs, up to $2,500 each quarter. 10% bonus for Bank of America customers when you redeem points to your checking or savings account. No annual fee.
Don't apply for too many cards in too short a timeframe. That doesn't look good for the very credit profile you're trying to establish. If you're not approved for a student credit card, take a step back and open a secured credit card account. Several months of responsible use will improve your chances of being approved for a student card or other secured card with more favorable terms.