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Verdict: Provident Credit Union offers many credit card options for members, including the College Visa. This card is designed for students with little to no credit history and provides a credit limit of $500 to help students buy school supplies. There are many benefits to this credit card, including a rewards program that earns one point for every $1 spent. This card has no annual fee and a fixed interest rate of 16.65% after an introductory period. Overall, the Provident College Visa is a great choice for students who wish to establish a good credit history without using a secured card.
Overview: Provident Credit Union has a range of financial services for members, including five Visa products. The Provident College Visa is designed to help college students establish and maintain a good credit history while providing a reliable way to purchase necessary school supplies. Applicants can qualify for this credit card with little to no credit history and receive a card with no annual fee and a fixed interest rate. This credit card also earns rewards on every purchase and has a $500 credit limit.
How These Cards Work: The Provident College Visa is accepted worldwide through the Visa network. There is a 25-day grace period on purchases so the cardholder may avoid interest charges completely by paying their balance in full during this time. Interest on cash advances begins on the date of transaction. The card has fraud protection through CardLock and Verified by Visa, both of which allow the cardholder to take control and verify their identity online and block and unblock individual transactions. The card also earns one point for every $1 spent through CURewards. The cardholder may redeem these points for travel, merchandise, gift certificates and more.
Travel & Shopping Benefits: This card features excellent fraud protection through Verified by Visa and Cardlock. The online merchant discount program, Visa Rewards, allows the cardholder to receive discounts at many retailers while shopping online with their Visa card. Although this is a card for individuals with limited credit, it still features rewards. The CURewards program earns 1 point for every $1 in net spending, with a range of rewards to choose from.
Fees: The Provident College Visa has no annual fee. The fixed APR for this credit card is 16.65%, which applies to purchases and cash advances. There is an introductory APR of 10.65% for six months on purchases. The minimum interest charge is $0.50. The fee for cash advances is $4 or 2%, whichever is greater. Foreign transactions are subject to a 2% fee. Late and returned payments are subject to a flat $15 fee.
- No annual fee
- Introductory APR for 6 months
- Fixed APR
- Rewards points
- Must be a member of Provident Credit Union
- Low credit limit