How to Apply for the Bank of Albuquerque College Rewards Visa Credit Card

If you are currently a young student, you may want to start thinking about building a good credit score. It can be hard to be accepted for a credit card when you don’t have a credit history, but the Bank of Albuquerque College Rewards Visa Credit Card is a credit option designed specifically for students. With a potentially low APR of 12.49% (to be based on creditworthiness, APR is subject to change) and no annual fee, this card is fares well when compared to other student options on the market today. This card also features a standard rewards program of 1 point for every $1 you spend, plus new cardholders receive 1,000 bonus points after making their first purchase. Therefore, by using this credit card responsibly, you may be able to build your credit score, maintain a low interest rate, and take full advantage of a rewards program. It should be mentioned, that the APR is determined by the card-issuer based on your creditworthiness and may be assigned at a rate as high as 23.49%. If you get assigned such a high interest rate, you will have an extra incentive to keep up with paying your monthly balance, because your interest can accumulate very quickly. All that being said, we can recommend this credit option for students looking to get started with developing a solid credit history. For those who are interested, we have provided a guide below on how to complete the online application process.

Before you continue, we recommend reading through the Elan Financial Services (EFS) privacy policy to understand how they may use any information submitted in the application.


To be eligible for this credit card you must meet the following requirements:

  • Be 18 years of age or older
  • Be a student
  • Have a valid US address
  • Have a valid SSN

How to Apply

Step 1 – To commence with the application process, you will need to navigate to Bank of Albuquerque’s credit card page. Once on the page, scroll down until you see the College Rewards Visa Card option and click on the red Apply Now link to the left of Learn More to be redirected to the application form.

Step 2 – Start by filling out the following information into the indicated fields of the Personal Information section:

  • Full name
  • Date of birth
  • SSN
  • Country of citizenship
  • Country of permanent residence
  • Phone number (mobile phone number optional)
  • Email address (optional)

Step 3 – You will then need to enter all of the below information into the Housing Information section of your application.

  • Complete physical address (city, state, ZIP code)
  • Time at address
  • Housing status
  • Monthly payment
  • Alternate mailing address (if applicable)

Step 4 – Next, you will need to fill out the Income and Employment Information section by providing the following information:

  • Employment status
  • Employer
  • Occupation
  • Annual income
  • Other income (if applicable)

Step 5 – If you are already a client of Bank of Albuquerque, select Yes beside each account or service that you have with them. If you are not an existing client, skip ahead to the next step.

Step 6 – If you already have a credit card and would like to transfer the balance of that account to this new one (if your application is accepted) select Yes and provide the required information.

Step 7 – In this step you are required to indicate which Type of School you attend and indicate your Expected Graduation Date by using the drop down menus before continuing.

Step 8 – Now that you are done filling out your application, you should read through the terms and conditions for this credit card before you commit to this contract. If you accept the terms of this credit card and wish to continue, tick the I accept the Terms and Conditions box at the bottom of the page and click Submit to have your application submitted for review by EFS.

Congratulations! If you followed all of the above steps, your application is completed and submitted for review. We hope that you have found our guide to be helpful and we thank you for trusting Card Reviews as your credit card expert.