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▷▷ 2021 ▷ 10 Bank of America student credit card benefits

4 julio, 2021


Like many other financial institutions, Bank of America offers specialized credit cards for students, which tend to have lower requirements than other credit cards. This makes sense because student credit cards give them the opportunity to secure a customer for life, which can pay off in the long run. That said, this is also convenient for students, although they will need to choose carefully to ensure they get the correct results for them.

Here are 10 benefits of having a Bank of America student credit card:

1. Convenience

Credit cards can be much more convenient than other payment methods in a wide variety of circumstances. For example, if someone wants to make payments in person, carrying a credit card is often much more convenient than carrying cash. There are also other ways to make payments online, but a credit card tends to be the simplest and most direct method in that regard.

2. Security

Speaking of which, the convenience of credit cards means that there are many people who are concerned about their security. As a result, credit cards tend to include a number of security measures to protect people from potential security problems and limit the consequences should something go wrong.

3. Choice

Some financial institutions offer specialized credit cards for students, but no more than one option. Rather, Bank of America offers a number of options, which share some basic similarities that make them useful to students, but still have differences that can make some more attractive to students than others.

Screen shot 2013 03 04 at 5.25.49 AM 10 benefits of the Bank of America student credit card

4. Low credit requirements

Students tend to have no credit scores or not particularly good credit scores. As a result, student credit cards tend to have low credit requirements, making them accessible to a much wider range of people than most of their counterparts.

5. Credit creation

On a related note, this makes student credit cards a great option for people who want to increase their credit score. After all, your use of your student credit cards will be recorded in your credit histories, giving prospective lenders reason to be confident in your ability and willingness to meet your debt obligations.

6. No annual fee

There is no annual fee for Bank of America student credit cards. This is ideal for people who want to minimize their credit card usage costs as much as possible. However, it is worth mentioning that the lack of annual fee removes pressure on people to make more use of their credit cards to make their annual fee worthwhile, which can be a real consideration in some cases.

FICO 10 Credit Card Benefits for Bank of America Students

7. Good introductory offers

Interestingly, Bank of America has introductory offers on its student credit cards to make them more attractive to interested individuals. For example, two of them have initial purchase APR of 0 percent for 12 months, while the third has something similar but extended to 15 months. Also, one of them has an introductory transfer APR of 0 percent for 12 months, while another has an introductory transfer APR of 0 percent for 15 months.

8. Rewards program

Two of the student credit cards come with some kind of rewards programs. One is a cash back credit card, which means it offers 1 to 3 percent cash back on purchases made with it. The other is a more conventional rewards credit card that provides 1.5 to 3 points for every dollar spent on its use. Additionally, these credit cards come with introductory bonuses of $ 150 or 20,000 reward points, depending on the card.

9. Wide range of functions

Speaking of which, the fact that student credit cards can be used for balance transfers should be treated as good news. After all, that makes credit cards that much more useful to consumers, even if balance transfers are something people shouldn’t use without much care and consideration.

B of A Student Credit Card 10 Bank of America Student Credit Card Benefits

10. Variable interest rates

On a final note, Bank of America student credit cards have variable interest rates. This may seem like a bad thing, but it should be noted that it also presents opportunities. Later…



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