Sovereign Bank is a bank that many students haven’t heard of, but if you’re set out to find a college student credit card, you’re going to find that this is a bank that you may want to consider. Like many cards on the market, you’re going to find that many are going to vary in terms of fees, rewards and more. This is why it’s always best that you compare your cards before applying for the first one that you see.
The Student Platinum Plus card created by Sovereign Bank has no annual fee, as well as a mid range APR. Be sure to refer to your application to get the exact number. This number changes quite often, but you will find that it compares at about in the middle, when you compare it to most others on the market.
As for the other features in reference to the card, you’re going to be able to build your credit history, as well as get access to customer support 24/7. On top of that, you’re going to get features such as an extended warranty, travel assistance, as well as roadside assistance. Again, these features are going to have their own terms and conditions. You’re going to want to dig deeper to find out how they work, and how you can take advantage of the card’s features.
While the card doesn’t offer any rewards like many other cards, this is the perfect first card to jump start your credit. You’re going to find that while the rewards cards are stricter on their application process, this is designed for those that want a card that is there for emergencies.
As long as you’re a college student attending full time, as well as a legal United States citizen over the age of 18, you will have a fairly good chance at getting approved for this card.
Looking at the pros:
Looking at the cons: