As alumni of the University of North Carolina, you can apply for a University of North Carolina credit card. The card is a basic rewards credit card that helps you support your school through rewards donations.
Many alumni associations use affinity credit cards as a way to help raise money for their organization. Membership dues and fundraisers help fund various programs that are run by the alumni group, but credit card donations are an easy and fast way to earn even more money. Compare this with other online credit card offers now!
Without a cost to either the cardholder or the university, every time you make a purchase you earn rewards for your own use and the university is given money for its own use. The donations come from the bank that issues the card, in this case Bank of America.
University of North Carolina Credit Card Rewards
When you are accepted for the University of North Carolina credit card, you can start earning rewards with your first purchase. Although there are no upfront bonus rewards just for using your card for the first time, you do start to earn one point for every dollar spent right away.
There is no limit as to how many points you can earn so you can save your points and redeem them however you want. Options include cash back credit card rewards, gift items, and airline credit card benefits. You also get discounts on various retailers and restaurants.
University of North Carolina Credit Card Fees
For purchases and balance transfer credit card transactions you can get a 0% introductory rate. After the initial period of seven to 10 months depending on your credit worthiness, your rate will go up to 12.99%. However, your rate can also go as high as 20.99% depending on your credit worthiness.
Cash advances do not qualify for the 0% interest rate. Instead, the APR for cash advances is 24.24% and there is a 4% cash advance fee as well. The minimum fee for a cash advance is $10. Balance transfers are also subject to the 4% fee even if the introductory interest rate is 0%.
Additional Information Regarding the North Carolina Credit Card
There is no annual fee for the University of North Carolina credit card. The most you can be charged for being late is $35 and there is a 25 day grace period.
In addition to earning rewards for yourself, every time you use your University of North Carolina credit card you earn money for your alumni organization. Find more online credit card offers now!