Bank of America Student Credit Cards
Bank of America Customized Cash Rewards for Students
No annual fee. Add to Apple Pay or Samsung pay and use contactless payments.
3% cash back in your preferred category. 2% cash back at grocery stores and wholesale clubs. 1% cash back on everything else.
$200 cash rewards bonus after you spend at least $1,000 in the first 90 days.
Redeem rewards: Direct deposit into your Bank of America checking or savings account or Credit to an eligible bank and Merrill account or Contribution to a qualifying 529 Merrill account or Set up automatic redemptions into eligible accounts.
Bank of America Customized Cash Rewards for Students has a 0% intro APR for 18 billing cycles for purchases and 60 days for balance transfers.
After Intro APR, your rate will be 17.74% - 27.74% APR.
3% balance transfer fee for each transfer.
Bank of America Unlimited Cash Rewards for Students
No annual fee. Add to Apple Pay or Samsung pay and use contactless payments.
Unlimited 1.5% cash back on everything with no expirations.
$200 online cash rewards bonus after you spend $1,000 in the first 90 days of your account opening.
Redeem cash rewards for cash back: Deposit into your Bank of America checking or savings account or Credit into Merrill accounts or Statement credit to your credit card.
0% Intro APR for 18 billing cycles for purchases and 60 days for balance transfers. After Intro APR offer, 17.74% - 27.74% APR will apply to purchases. 20.74% - 30.74% APR for cash advances.
BankAmericard for Students
No annual fee. 3% fee for all balance transfers. Add to Apple Pay or Samsung pay and use contactless payments.
Intro APR 0%. 21 billing cycles for purchases and 60 days for balance transfers. After Intro APR offer, 15.74% - 25.74% variable APR.
Bank of America Travel Rewards for Students
No annual fee and no foreign transaction fees. Add to Apple Pay or Samsung pay and use contactless payments.
Unlimited 1.5 points per $1 on everything. Points do not expire.
25,000 online bonus points after you spend $1,000 in the first 90 days. Redeemable for $250 statement credit toward dining and travel.
Use points to book trips on any website. Redeem points for flights, vacation, hotels, cruises, packages, rental cars, baggage fees and restaurants.
0% APR for 18 billing cycles for purchases and 60 days after account opening for balance transfers. After Intro APR offer, 17.74% - 27.74% variable APR.
Pros and cons
Pros
Build or rebuild credit
No annual fee on any of the cards
Welcome bonuses after spending in the first 90 days of account opening
Establish better money habits
Manage finances with Mobile Banking app or Online Banking on the website.
Cons
High and variable APRs
Late fee up to $40
Bank of America credit cards have transaction fees.
How to apply for Bank of America student credit cards
To apply for Student credit cards from Bank of America the easiest way is online.
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Go to the Bank of America website;
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Click on the "Credit Cards" button;
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Go to the "Cards for Students" tab;
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Choose the card you want to apply for by comparing;
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Click the "Apply Now" button;
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Enter your personal info or sign into your account;
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Attach documents to prove residency and bank account;
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Submit.
Bank of America will contact you once a decision is made. If approved, the card will be sent in 7-10 business days.
Application requirements
To apply for a student credit card from Bank of America you must:
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Be at least 18 years old to sign the agreement;
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Provide proof of income from any source;
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Have a 640+ credit score;
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Be a US citizen;
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Have a Bank of America account.
Bank of America does not offer credit cards that can be applied with a co-signer so you must meet the criteria yourself.
Terms and conditions
Students don’t have many options for credit cards and building credit. Bank of America student credit cards is one of the few that allows you to establish credit and earn cash rewards and travel points. You can save money on purchases without paying an annual fee on your credit card.
Bank of America student credit cards are:
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Bank of America Unlimited Cash Rewards for Students
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Bank of America Customized Cash Rewards for Students
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BankAmericard for Students.
The cards have some common features:
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$0 fraud liability protection. You’re not responsible for unauthorized transactions from your card.
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Contactless chip technology to use at contactless locations.
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Overdraft protection is optional and for Bank of America checking accounts.
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Get paperless statements. Receive statements digitally.
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Check your FICO credit score through Mobile Banking app or Online Banking.
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Account alerts to notify you of account changes via email, texts and mobile app.
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Online Banking and Mobile Banking app to view transactions, pay bills and transfer funds.
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Digital Wallet to use the card with Apple Pay, Google Pay and Samsung Pay.
Pay off debt
To pay back your student credit card you can use the Bank of America mobile app.
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Log in;
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Click "Make a Payment";
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Enter the amount and submit.
You can also use the website and Online Banking dashboard. Use the "Bill Pay" menu to transfer from another institution or the "Transfer | Send" menu to transfer from your Bank of America account.
Penalty APR up to 29.99% based on creditworthiness.
Editoral opinion
Additional Resources
- Bank of America Review
- Bank of America Account Review
- How to PayOff Bank of America
- Bank of America Mobile App
