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A Guide to Bank of America’s Student Credit Cards

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Bank of America offers several credit cards specifically designed for students, including the Bank of America® Cash Rewards Credit Card for Students and the Bank of America® Travel Rewards Credit Card for Students. Here is a guide to these two student credit cards:


Bank of America® Cash Rewards Credit Card for Students: This credit card is designed to help students build credit while earning cash back on everyday purchases. It offers a rewards program that allows you to earn 3% cash back in the category of your choice (gas, online shopping, dining, travel, drug stores, or home improvement/furnishings), 2% cash back at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and 1% cash back on all other purchases. The card also offers a 0% intro APR on purchases for the first 15 billing cycles and a 25-day grace period on purchases. There is no annual fee for this card.


Bank of America’s Student Credit Cards


Bank of America® Travel Rewards Credit Card for Students: This credit card is designed for students who want to earn rewards on their travel purchases. It offers a rewards program that allows you to earn 1.5 points per dollar spent on all purchases, with no limit to the points you can earn. You can redeem your points for travel-related expenses such as flights, hotels, and rental cars, or you can use them to cover travel-related purchases made with your card. The card also offers a 0% intro APR on purchases for the first 12 billing cycles and a 25-day grace period on purchases. There is no annual fee for this card.


Before applying for either of these student credit cards, it's important to consider your financial situation and credit history. It's also a good idea to compare these cards to other credit card options available to you to ensure you choose the card that best meets your needs.



Here is a summary of the key features of Bank of America's student credit cards:


Bank of America® Cash Rewards Credit Card for Students: This credit card offers a rewards program that allows you to earn 3% cash back in the category of your choice (gas, online shopping, dining, travel, drug stores, or home improvement/furnishings), 2% cash back at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and 1% cash back on all other purchases. It also offers a 0% intro APR on purchases for the first 15 billing cycles and a 25-day grace period on purchases. There is no annual fee for this card.


Bank of America® Travel Rewards Credit Card for Students: This credit card offers a rewards program that allows you to earn 1.5 points per dollar spent on all purchases, with no limit to the points you can earn. You can redeem your points for travel-related expenses such as flights, hotels, and rental cars, or you can use them to cover travel-related purchases made with your card. It also offers a 0% intro APR on purchases for the first 12 billing cycles and a 25-day grace period on purchases. There is no annual fee for this card.


Both of these student credit cards have an annual fee of $0 and are designed to help students build credit. It's important to note that the terms and conditions of these cards may change over time, so it's a good idea to review the current terms and conditions before applying.


BankAmericard® credit card for Students pros and cons

The BankAmericard® credit card for Students is a credit card offered by Bank of America that is specifically designed for students. Here are some pros and cons of this credit card:


Pros:


No annual fee: This credit card has no annual fee, so you won't have to pay any additional fees to use it.


Rewards program: The credit card offers a rewards program that allows you to earn cash back on your purchases. You can earn 3% cash back in the category of your choice (gas, online shopping, dining, travel, drug stores, or home improvement/furnishings), 2% cash back at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and 1% cash back on all other purchases.


Introductory APR: The credit card offers a 0% intro APR on purchases for the first 15 billing cycles, which can help you save money on interest charges if you need to make a large purchase.


Cons:


Credit requirements: To be eligible for this credit card, you'll need to have good to excellent credit. If you have a limited credit history or a low credit score, you may not be approved for this card.


No 0% intro APR on balance transfers: This credit card does not offer a 0% intro APR on balance transfers, so you may not be able to save money on interest charges if you need to transfer a balance from another credit card.


Foreign transaction fees: The credit card charges a foreign transaction fee of 3% of the transaction amount for transactions made outside the U.S., which can add up if you frequently travel abroad or make purchases from international merchants.


It's important to consider these pros and cons carefully before applying for the BankAmericard® credit card for Students to ensure that it is the right credit card for your needs.


Bank of America® Unlimited Cash Rewards credit card for Students pros and cons

The Bank of America® Unlimited Cash Rewards credit card for Students is a credit card offered by Bank of America that is specifically designed for students. Here are some pros and cons of this credit card:


Pros:


No annual fee: This credit card has no annual fee, so you won't have to pay any additional fees to use it.


Rewards program: The credit card offers a rewards program that allows you to earn an unlimited 1.5% cash back on all of your purchases.


Introductory APR: The credit card offers a 0% intro APR on purchases for the first 15 billing cycles, which can help you save money on interest charges if you need to make a large purchase.


No limit to the cash back you can earn: There is no limit to the amount of cash back you can earn with this credit card, so you can continue to earn rewards on all of your purchases.


Cons:


Credit requirements: To be eligible for this credit card, you'll need to have good to excellent credit. If you have a limited credit history or a low credit score, you may not be approved for this card.


No 0% intro APR on balance transfers: This credit card does not offer a 0% intro APR on balance transfers, so you may not be able to save money on interest charges if you need to transfer a balance from another credit card.


Foreign transaction fees: The credit card charges a foreign transaction fee of 3% of the transaction amount for transactions made outside the U.S., which can add up if you frequently travel abroad or make purchases from international merchants.


It's important to consider these pros and cons carefully before applying for the Bank of America® Unlimited Cash Rewards credit card for Students to ensure that it is the right credit card for your needs.


Bank of America® Travel Rewards credit card for Students pros and cons

The Bank of America® Travel Rewards credit card for Students is a credit card offered by Bank of America that is specifically designed for students. Here are some pros and cons of this credit card:


Pros:


No annual fee: This credit card has no annual fee, so you won't have to pay any additional fees to use it.


Rewards program: The credit card offers a rewards program that allows you to earn 1.5 points per dollar spent on all purchases, with no limit to the points you can earn. You can redeem your points for travel-related expenses such as flights, hotels, and rental cars, or you can use them to cover travel-related purchases made with your card.


Introductory APR: The credit card offers a 0% intro APR on purchases for the first 12 billing cycles, which can help you save money on interest charges if you need to make a large purchase.


No limit to the points you can earn: There is no limit to the number of points you can earn with this credit card, so you can continue to earn rewards on all of your purchases.


Cons:


Credit requirements: To be eligible for this credit card, you'll need to have good to excellent credit. If you have a limited credit history or a low credit score, you may not be approved for this card.


No 0% intro APR on balance transfers: This credit card does not offer a 0% intro APR on balance transfers, so you may not be able to save money on interest charges if you need to transfer a balance from another credit card.


Foreign transaction fees: The credit card charges a foreign transaction fee of 3% of the transaction amount for transactions made outside the U.S., which can add up if you frequently travel abroad or make purchases from international merchants.


It's important to consider these pros and cons carefully before applying for the Bank of America® Travel Rewards credit card for Students to ensure that it is the right credit card for your needs.



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