Most college or university students frequently stay away from their parents for the first time. Many of them are quite proud to get help from their parents. Now what does a student do if they have place an order online? Maybe they want to buy books or get the latest clothes. Here a credit card helps them to be independent from their parents.
The Bank of America Student Visa Platinum Plus Credit Card is one of the most commonly used student credit cards. Unlike most other student credit cards, a student can apply for this student credit card without a cosigner. There is no need to ask their parents to put their credit in jeopardy. In certain cases, their parent’s bad credit can hamper their prospects of getting other student credit cards.
Your time in college or university lays down the groundwork for your future. An aspect of that future can include a house or car. To pay for these items, the banks consider your credit history. Longer your credit history, higher the trust reposed by the bank in you. Consequently the banks would be glad to loan you more money at lower interest rates. Even if you don’t use your credit card, it can help you in future.
The Bank of America Student Credit Card provides other benefits like:
Online Banking Service – provides easy access to account activity, credit card balance and payment due date. You can also pay your credit card bill online for free.
Complete Security Protection – a free package of security features like: zero liability for illegal use, fraud monitoring, online protection and photo security. This gives you the chance to get your own photo on your credit card.
Purchase Replacement – offers repair or replacement for card purchases, which are stolen or damaged within 90 days. Moreover it doubles the warranty on card purchases that have a US warranty of 1 year or lower.
Travel and Emergency Assistance – provides different services like: medical/ legal referral assistance, pre-trip assistance, lost luggage assistance, emergency ticket replacement, prescription delivery, and emergency translation assistance.
Auto Rental Insurance – gives you car rental insurance automatically with your credit card. Absence of this feature can cost over hundreds of dollars while renting a vehicle.
It has no annual fee, additional cards and cash advance checks are free. Hardly any other student credit cards give so much benefit without any annual fee. Though the Bank of America student credit card doesn’t have reward points system, it is one of the best student credit cards in the market.