Georgia's Own Student Credit Card Review | CreditShout

Georgia’s Own Student Credit Card Review

By Christine Layton / November 30, 2011

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Verdict: Students that belong to the Georgia’s Own Credit Union can take advantage of the Student Visa that is offered. This credit card is intended for students who have a limited credit history and want a low cost, well designed card to pay for school expenses. Despite being a student card, this credit card offers the same cardholder benefits as Georgia’s Own Platinum card, including a rewards program, no annual fee and a low interest rate. This credit card is recommended to any student who wants a card that is easy to qualify for and offers the same benefits of a higher end card.

Overview: Georgia’s Own Credit Union offers membership to any resident in most Georgia counties, along with employees of certain organizations and students and faculty at Georgia State University. There are three credit cards offered, including the Student Visa. This credit card is designed for applicants with limited credit history that want a solid credit card to establish credit history and pay for school expenses. This credit card features a full range of cardholder benefits, no annual fee, a low interest rate and a rewards program.

How These Cards Work: The Student Visa from Georgia’s Own is accepted worldwide and gives cardholders access to cash at any ATM. This credit card has a 25-day grace period for purchases, allowing the cardholder to avoid interest charges completely by paying their new balance in full during this time. 25-hour access to the card is available to make payments, review transactions, make transfers and more. The card includes fraud protection and cardholders are not liable for any fraudulent purchases that are reported. This Student Visa also earns one rewards point for every $1 in net spending through the ScoreCard program. Points never expire and there is no cap to the amount of points that can be earned. Points can be combined with other check or credit cards through Georgias Own. Points may be redeemed for merchandise, travel and gift cards.

Travel & Shopping Benefits: The Student Visa from Georgia’s Own has an excellent offering of cardholder benefits, especially for a student credit card. The card offers travel accident insurance up to $500,000 to cover the cardholder for tickets purchased with the card. Other benefits include personal identity theft protection up to $1,000 and emergency cash up to $5,000. Cardholders may also request emergency card replacement. Cardholders also receive free auto rental coverage when renting vehicles. The warranty manager program, on the other hand, registers warranties for qualifying purchases and extends manufacturers warranties up to one year.

Fees: The Georgia’s Own Student Visa has no annual fee. The APR for this card is 12.99%, which applies to purchases, balance transfers and cash advances. There is a penalty APR of 17.99% that applies if the account is 60 days or more past due. The regular APR is reinstated after six consecutive on-time payments are received. There is 1% fee for foreign transactions. The late payment penalty fee is up to $35, as well as the returned payment fee. The over-the-limit fee is $15 for cardholders who opt in.

Pros:

  • No annual fee
  • Low interest rate
  • No fees for balance transfers and cash advances
  • Students with limited credit history can qualify
  • Good travel and shopping perks
  • Rewards program with no expiration on points

Cons:

  • Must be a Georgias Own member
  • Penalty APR of 17.99%
  • Penalty fees up to $35
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone. Additionally, the opinions of the commenters are not necessarily the opinions of this site

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