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Bank of America Card

Bank of America Card
In this review of Bank of America cards we will discuss the pros and cons of their Bank of America Student Platinum Plus Visa Credit Card offer. Don't miss the tips on building credit responsibly with a student credit card.

Students have unique needs and credit requirements. In fact, students often have no credit history, and it is this very fact that makes it vital that they begin building credit. Creating a credit history responsibly is one of the best things one can do for one's finances. And there are a number of student credit cards that can help you with this. Bank of America offers a student credit card that can help you establish your credit.

Bank of America Student Platinum Plus Visa Credit Card

Bank of America offers a Visa student card. This can be helpful because Visa is the most accepted credit card brand in the world. With a Visa card, you are more likely to find businesses both online and offline that accept your credit cards. Another bonus is that the card comes with no annual fee. Here are some other features that come with the Bank of America Student Platinum Plus Visa Credit Card:

  • For four years, the Student Identity Theft Protection program is available for free.
  • Access to online banking and account access.
  • Total Security Protection in case of unauthorized use.
  • Emergency assistance.
  • Some travel assistance.
  • Auto rental insurance automatically.
  • Within 90 days of purchase, Bank of America student cards come with Purchase Replacement on stolen or damaged merchandise.
  • No charge for cash advance checks (although there might be a cash advance fee).
  • Authorized user cards for no extra charge.

This card does not have a rewards program. However, rewards programs are harder to come by, and many companies are restricting their rewards. In some cases, students may have a hard time getting a rewards card, and so a card without a rewards program may be your only option.

Building credit responsibly with a student credit card

When you use a student credit card, it is important to use it wisely and responsibly. The most important thing you can do is to buy only items that you have money for at the time. The most effective way to build a good credit history quickly is to buy one or two items on your student credit card and then pay it off immediately when the statement comes. It can be tempting to buy more items than you have money for, since it is so easy with a credit card. However, this can lead to debt and financial problems down the road. It is better to develop good financial and credit habits.

Other things you can do to keep your credit history positive include:

  • Make on time payments on your credit card bill (and other bills).
  • Always pay at least the minimum.
  • Avoid carrying a balance when possible.
  • Check your credit report for errors, and have problems fixed.
  • Try to avoid cash advances, since the fees are often higher in those cases.

A good credit score is an important part of your finances. You can build good credit with the help of a student credit card, but if you are not careful, you can find yourself in debt and with a poor credit rating. Make sure you use your student credit card wisely.

Related Article: Capital One Student Cards >>

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