The Bank of America® Cash Rewards Credit Card for Students offers cash back rewards, no annual fee, and a low introductory APR. Explore its benefits, drawbacks, and extra features to make an informed decision.
Card Advantages
The card offers 3% cash back in a category of your choice, automatic 2% cash back at grocery stores and wholesale clubs, and unlimited 1% cash back on all other purchases. Additionally, it provides a $200 online cash rewards bonus after making $1,000 in purchases in the first 90 days. There is no annual fee, and cardholders can access their FICO® Score updated monthly for free.
Card Disadvantages
While the card offers enticing rewards and benefits, cash back categories are limited to certain options, and the 3% and 2% rates apply only up to the first $2,500 in combined purchases each quarter. Additionally, a variable APR applies after the introductory period ends.
Extra Features Offered
The card provides various additional benefits including Better Money Habits® resources, mobile banking for easy account management, contactless chip technology for secure payments, and Balance Connect® for overdraft protection.
How to Apply
To apply, visit the Bank of America website and navigate to the credit cards section. Locate the specific card and click on the “Apply Now” button to start the application process.
Main Application Methods
You can apply for the card through the Bank of America website or by using the Bank of America Mobile Banking app. Alternatively, you can visit a Bank of America financial center and apply in person.
Prerequisites for request
To apply, you must meet certain requirements, including being a student, having a good credit history, and providing personal and financial information during the process.
From the site
Visit the Bank of America website, navigate to the credit cards section, and follow the prompts to apply.
From the site App
Download the Bank of America Mobile Banking app, locate the credit cards section, and proceed with the application process.
By agency
Visit a Bank of America financial center near you, speak with a representative, and submit your application in person.
The card offers an array of benefits tailored to student needs, including cash back rewards, no annual fee, and valuable extra features. While it has limitations (category restrictions and introductory APR expiration), it remains a solid option for students looking to build credit and earn rewards.
