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Golden 1 Platinum Rewards for Students Visa® Card

Students Can Earn Cash Back Rewards

  • Regular Purchase APR   15.79% based on the Prime Rate
  • Balance Transfer APR  15.79% based on the Prime Rate
  • Cash Advance APR  15.79%, based on the Prime Rate
  • Annual Fee  None
  • Credit Needed  Poor , No Credit Required
  • Processing Network Visa

Best Benefits
  • No annual fee
  • 3% cash rebate on gas, grocery, and restaurant purchases
  • 1% cash rebate on all other purchases
  • Up to $2,000 credit limit
Rates & Fees
     Intro Purchase APR: N/A
     Regular Purchase APR: 15.79% based on the Prime Rate
     Intro Balance Transfer APR: N/A
     Balance Transfer APR: 15.79% based on the Prime Rate
     Balance Transfer Transaction Fee: N/A
     Cash Advance APR: 15.79%, based on the Prime Rate
     Cash Advance Transaction Fee: Either $5 or 2.5% of the amount of each cash advance, whichever is greater
     Penalty APR: None
     Annual Fee: None
     Foreign Transaction Fee: Up to 1% of each transaction in U.S. dollars
     Late Payment Penalty Fee: Up to $15
     Return Payment Penalty Fee: Up to $25
     Over Limit Penalty Fee: N/A
     Minimum Deposit Required: None
     Credit Needed: Poor , No Credit Required

 

At a Glance

Students may find that since they have not yet had the opportunity to establish credit, credit cards that offer rich rewards are often out of reach. Golden 1 Credit Union aims to change this with their Golden 1 Platinum Rewards for Students Visa ® Card; students who want to build their credit history can earn a 3% cash rebate on gas, grocery, and restaurant purchases – and 1% back on everything else.

The Gist

For students aged 18 and older, the Golden 1 Platinum Rewards for Students Visa ® Card is an opportunity that will be difficult to pass. Building credit can be easy, convenient – and rewarding (pun intended) with this no-frills card offer; students can earn a 3% cash rebate on gas, grocery, and restaurant purchases, and 1% cash back rebate on all other purchases. This is a perfect opportunity for any student – you can earn rewards every time you check out the latest movies, or when you grab dinner with friends – and you can even earn rewards from purchasing textbooks and school essentials! A cash rebate on gas will also be particularly useful for students who live off-campus and need to commute, since they can earn rewards each time they fill their tank.

No co-signer is necessary for the Golden 1 Platinum Rewards for Students Visa if you qualify to make minimum payments on your student card on your own; the APR for this offer is 15.79%, which will vary with the market based on the Prime Rate. For a card that is issued to someone who has not yet built their credit history, this is a very generous APR; many student card offers weigh in between 20-25% APR for purchases, so 15.79% is fair.

Additionally, the Golden 1 Platinum Rewards for Students Visa® Card does not have an annual fee, and there is no fee for balance transfers either. Students will be given a credit limit of up to $2,000 – a sum which is generous, considering a lack of established credit. This, combined with the ability to earn rewards, is a rarity among credit card offers; most credit card companies consider applicants who have not yet established credit to be a risk, and typically issue a secured card without rewards until the candidate demonstrates responsible financial behavior by making on-time payments regularly.

Apply for This Card if You:

  • Are a student, and can provide documents of enrollment, acceptance, or attendance at any college or university
  • Want to earn cash back rewards on all purchases
  • Make a lot of gas, grocery, and restaurant purchases
  • Would like a card with no annual fees
  • Are a member of the Golden 1 Credit Union

 

Editorial Disclosure — The opinions expressed on BestCards’ reviews, blogs, and all other content on or relating to the website are solely those of the content’s author. They are not reflective of any card issuer or financial institution and have not been reviewed or approved by these entities unless otherwise noted. Further, BestCards lists credit card offers that are updated daily with information believed to be accurate to the best of our knowledge.

Published: September 6, 2019 12:41 pm

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