An Alliance Bank College Rewards Visa card may be the answer to getting the books and supplies you need for the college experience. When freshmen college students step on campus for the first time it is the beginning of a whole new liberating experience for them. This is a time when students begin to take on the responsibilities of adulthood to include learning how to manage their first credit card.
To compare credit cards to determine the best one for your student’s first experience, use the credit card chaser here to get started.
Books can be very expensive, which is why Alliance Bank offers low interest credit cards with reward features and bonuses your student will appreciate. Application for this card simply requires filling out an online form that includes some personal information and social security number. The bank checks your FICO or credit score and uses algorithms to determine your level of risk.
Since students may not have any credit history from which to draw these conclusions, you may have to pay an increased interest rate. On the other hand, since you do not have any credit history you should not have to pay the interest rate of someone with blemished credit. Some students may opt for secured credit cards to secure the account at a lower interest rate or have a parent co sign on their behalf.
Features of the Alliance Bank College Rewards Visa Card
The Alliance Bank College Rewards Visa card offers appealing features for someone applying for their first credit card. This card does not charge an annual fee, nor do they charge a minimum finance fee. They also offer flexible payment options while offering 1% cash back on your purchases.
Alliance Bank College Rewards Visa Card Interest Rate and Fees
Although Alliance Bank does not charge an annual fee, they do charge a late fee if your payment is received after 25 days past the end of the billing cycle. The interest rate on the card depends on your account balance or credit. You may be subject to other fees such as balance transfer credit card interest rates.
Alliance Bank College Rewards Visa Card Perks
You must apply for the rewards program offered by Alliance Bank. Your rewards points are applied to your account the following month. You can redeem them at participating merchants like Gap, Netflix, Walmart, and Old Navy.
Compare credit cards now by using the credit card chaser provided for you here.
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