OnPath Credit Union

A credit card is a valuable financial resource. It can help you make large purchases or cover expenses in an emergency. But what if you’re a student who’s never had a credit line before? What kind of card should you get? At OnPath Federal Credit Union, we offer student credit cards with no credit history required. Our members who are in school can take advantage of the Platinum Student VISA® credit card. You can also open a checking account to go along with your new card.

What Is a Student Credit Card?

Applying for a credit card involves an underwriting process whereby the financial institution determines whether you’re creditworthy. Depending on your credit history, you may get a low-interest rate, high-interest rate, or denied altogether.

What happens if you don’t have a credit history to pull? In most cases, you’d be denied for the card. However, a student visa is explicitly offered with that problem in mind; we know that people in college typically haven’t had the opportunity to build credit yet. You can qualify for a student visa even if you don’t have a credit history or significant income.

Why Your Student Should Consider Getting a Platinum Student Visa

Good credit is key to many important steps of adult life

• Passing employment screenings
• Setting up utilities without a deposit
• Getting an apartment
• Getting a loan
• Starting a business

Student credit cards provide an easy way to build credit by making small purchases and paying your monthly bill. Please note that it’s crucial you pay on time, as late payments negatively affect your credit score. Additionally, credit cards for students typically have a lower limit than a traditional card, which means you have to be careful not to overspend.

How Do I Qualify for a Student Credit Card?

• Have U.S. citizenship or legal immigration status
• Have a source of income
• Pass a credit check
• Be enrolled in school
• Be a legal adult

What if you don’t meet all these requirements? There are some areas that are more flexible or offer other options. For example, if you don’t have a source of income, you can get a cosigner. Alternatively, if you get grants, loans, or scholarships, you may be able to include those amounts as income on your application.

Where Can I Apply?

The friendly professionals at OnPath Federal Credit Union are happy to help you apply for our Platinum Student Visa. We’re dedicated to providing members with reliable financial resources and thorough information on our products. For more information or to get started, give us a call at 800-749-6193or contacting us online.