As most students are only too well aware, finances can be tight while at college and many students are keen to find ways to increase their financial independence and flexibility. The Comerica Bank College Rewards Visa Card is a great financial tool for students, as it will help to provide a higher level of financial independence while also offering a range of additional benefits. For students, taking out this type of credit card can be particularly beneficial as it means that they can start building their credit while still at college, so by the time they leave they have a credit status, which can boost the chances of being able to get finance for purchases such as a car, a home, or other forms of finance.
With the Comerica Bank College Rewards Visa Card students will not only enjoy a greater level of freedom and flexibility when it comes to their finances but can also benefit from being able to earn rewards for spending on the card. This is a rewards based credit card that is geared towards students who want to be able to enjoy access to a range of rewards. Unlike many other cards, this credit card does not focus on a particular type of reward but offers access to a range of rewards such as merchandise, gift cards, retail rewards, travel rewards, and cash back. The credit card also recognizes that students may not have adequate experience to manage their credit card properly and that finances can be tight for students. With this in mind, it also comes with manageable credit levels to help students to avoid getting into spiralling debt. In addition, it comes with low rates of interest to make using the card more affordable for students.
Who is the Comerica Bank College Rewards Visa Card designed for?
The Comerica Bank College Rewards Visa Card is geared towards students who want to enjoy a range of benefits. The benefits that you can enjoy with this credit card include greater financial freedom and flexibility, the ability to earn points for using the card, access to a wide range of rewards, and the chance to start building your credit while you are still at college. It is important to remember that although this credit card offers low rates of interest compared to many other cards, the amount you pay in interest can still outweigh the value of the rewards you can earn. It is therefore best used by students that simply want the convenience and ease of a credit card and can repay the balance in full each month so that they are not charged any interest.
The card is also best suited to students who will use it on a regular basis in order to accrue rewards points, as this means faster access to the rewards available. For those who are not going to use the card on a regular basis, accruing points will be a too slow a pace to be of any real benefit. So, if you are a student, you intend to use the card regularly to make purchases, and you can repay the balance in full within the interest free period each month, you could really benefit from opting for this credit card.
The key benefits and features of the Comerica Bank College Rewards Visa Card
These days, students have access to a range of credit cards offering a variety of different benefits, features, and perks. In order to ensure that the Comerica Bank College Rewards Visa Card is the right credit card for your needs it is important to look at the key features and benefits. Some of the key benefits and features of this card include:
- Earn points for spending: When you spend on this credit card you can look forward to earning one reward point for each dollar you spend on the card. Once you have accrued sufficient points you can look at redeeming them for rewards.
- A choice of rewards: With the Comerica Bank College Rewards Visa Card you will be able to benefit from access to a diverse array of rewards rather than just a particular type of reward. This includes merchandise, travel rewards, discounts, gift cards, and cash back.
- Bonus rewards points: You can kick start your points balance with this credit card as soon as you start using it, as you will earn a generous 1000 bonus rewards points when you make your first purchase on the card.
- Manageability: In order to ensure that students can more easily manage their credit card spending the Comerica Bank College Rewards Visa Card comes with manageable credit limits and low rates of interest.
- Credit building: Using a credit card while still at college means that you can start building your credit up in preparation for when you leave. You will then have a credit status by the time you leave, thus boosting your chances of being able to get finance for other things such as a vehicle, home, or other type of finance.
- Additional cardholder benefits: This credit card also offers a range of additional cardholder benefits, including travel assistance, auto rental benefits, fraud protection, and extended warranties.
Providing you use and repay this credit card responsibly, you can really benefit from taking out the Comerica Bank College Rewards Visa Card as a student.
Points to remember
If you are looking to apply for the Comerica Bank College Rewards Visa Card you should bear in mind that this is a credit card that is designed for students and that it is best reserved for those who will use it regularly and can repay the balance in full each month in order to avoid interest payments. This means that you will be able to earn points and get rewards but this will not be counteracted by having to pay interest on your outstanding debt.