U.S. Dollar Student Cards

Financial institutions feature student cards with a low purchase rate and discounts. Student cards are designed for small and everyday purchases and urgent expenses. Regular payments help students to improve their credit score.

Bank Offers

Students are offered plenty of choice, from prepaid and secured cards to low cost solutions. Customers are offered multiple benefits, but late payment fees and penalty APR are assessed. Some students opt for prepaid credit cards, but most issuers don’t report payments to the major bureaus.

There are other options, one being to apply with an adult cosigner or to obtain a card jointly. A regular student card is a good option, whether Visa or MasterCard, with multiple benefits such as cash back, no caps or restrictions, high limits for making timely payments, and others. Some banks also offer convenient online tools to allow students to check their credit score free of charge. Issuers offer cards to students with fair credit, but applicants with a score below 600 usually require a cosigner. Issuers accept scores as low as 630 and offer multiple benefits. There are credit cards that offer access to entertainment events, theatrical performances, sports events, dining, concerts, and a lot more. Together with participating retailers, issuers offer presale tickets, VIP packages, travel rewards, and other perks.

Eligibility and Information Required

The best student credit cards are usually offered to consumers who are enrolled in accredited institutions. Students who are employed or have additional income have better chances to qualify. Credit rating, assets, and loan balances are the main factors banks look into. Financial institutions also inquire about serious delinquencies and bankruptcies. There are banks that require that customers provide details such as number of dependent children, marital status, expected year of graduation, faculty, college or university name, and sources of funding, including scholarship, loan or grant funding, part-time or full-time job, parental funding, and so on. To get approved, students are asked to present proof of residence and valid ID. Depending on their credit rating and profile, students can apply for rewards, no annual fee, and other types of cards. Financial institutions offer U.S. dollar cards to customers who make purchases from U.S. retailers. The fee is also in U.S. dollars. Customers are offered plenty of choice, including Discover, AMEX, and MasterCard options that help meet unexpected expenses such as last minute trips, health-related expenses and medications, and others. Whatever the type of card, responsible use means paying at least the minimum before the grace period ends.