Earn $250 Back After Spending $1,000 With This Student Credit Card
KEY POINTS
- The Bank of America® Travel Rewards credit card for Students has a welcome offer of 25,000 points worth $250 in travel.
- You earn it after spending at least $1,000 on purchases in the first 90 days.
- This card also earns an unlimited 1.5 points per per $1 spent on all purchases, and it doesn't charge an annual fee or foreign transaction fees.
A student credit card is a good tool for college students. You'll be able to build credit, and you could also earn some rewards in the process.
Many student credit cards are cash back cards, but not all of them. For students who like to travel and those planning to do a study abroad program, there are also travel cards available. The Bank of America® Travel Rewards credit card for Students is one of the best, and it gives you the opportunity to start off with a big bonus.
Bank of America® Travel Rewards credit card for Students
Featured offer: save money while you pay off debt with one of these top-rated balance transfer credit cards
On Bank of America's Secure Website.
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= Best
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= Fair = PoorOn Bank of America's Secure Website.
Good/Excellent (670-850)
Intro APR 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 19.24% - 29.24% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers.
Purchases: 0% Intro APR for 15 billing cycles for purchases
Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days
Regular APR
19.24% - 29.24% (Variable)
Rewards Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.
1.5 points per dollar
Annual Fee
$0
Welcome Offer 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
25,000 points
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With a generous sign-up bonus and a rewards program, it'll be harder to find a better card for students.
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- Big sign-up bonus
- No annual fee
- Competitive rewards rate
- 0% intro APR offer
- No bonus categories
- Limited ways to use points
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- Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.
- 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
- Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.
- Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
- 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 19.24% - 29.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
- When handled responsibly, a credit card can help you build your credit history, which could be helpful when looking for an apartment, a car loan, and even a job. Access your FICO® Score for free within Online Banking or your Mobile Banking app.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
25,000 points for new cardholders
The Bank of America® Travel Rewards credit card for Students has a welcome offer of 25,000 points. To earn it, you need to make at least $1,000 in purchases in the first 90 days.
One of the perks with this card is that points are easy to use. You can redeem them for a statement credit toward travel purchases. That includes all kinds of travel expenses, including flights, hotels, vacation packages, car rentals, and baggage fees. You can even use your rewards to cover restaurant purchases and takeout orders.
When you use your rewards to cover travel or restaurant expenses, you get a value of $0.01 per point. At that value, 25,000 points are worth $250.
More benefits of the Bank of America Travel Rewards for Students
The welcome offer is just one of many perks that this Bank of America travel rewards card offers. Here are more of its best features.
- Unlimited 1.5 points per $1 spent on all purchases: You earn this rate on purchases, and since points are worth $0.01 each, it means this card effectively earns 1.5% back everywhere.
- $0 annual fee: You don't need to pay anything to use this card, which is an important perk for a student credit card.
- No foreign transaction fees: This is a must if you'll be traveling outside the United States. Many other student cards charge a 3% foreign transaction fee, but this one doesn't.
- Free FICO® Score: Bank of America offers a tool to check your FICO® Score, the most widely used type of credit score by lenders, updated every month. This tool also lets you know the factors impacting your credit score and how to improve your score.
Will you qualify for this student credit card?
The main drawback of this card is that the approval requirements are stricter than with most student credit cards. Good credit (a credit score of 670 or higher) is recommended when applying.
You could get approved with a lower score, as this isn't the only factor that matters. But if you're new to credit and have a low credit score, or no score at all yet, you may want to look at other student credit cards with more lenient requirements.
A travel-ready student credit card
If you're looking for a student card that can save you money when you travel, the Bank of America® Travel Rewards credit card for Students is a great choice. It has a large welcome offer and a competitive rewards rate on purchases, so you'll earn plenty of points with it. And you should have no trouble using those points to cover travel expenses.
Keep in mind that credit cards carry the risk of debt if you overspend. Make sure to only spend what you can afford to pay back, and pay your credit card bill in full every month. If you do that, you'll stay out of debt and avoid interest charges.
Alert: our top-rated cash back card now has 0% intro APR until 2025
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a lengthy 0% intro APR period, a cash back rate of up to 5%, and all somehow for no annual fee! Click here to read our full review for free and apply in just 2 minutes.
Our Research Expert
Lyle Daly is a freelance writer who has been covering personal finance since 2016.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
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