Student rates

Capital One’s Journey Student Rewards: Students can earn credits at home or abroad

Capital One* Journey Student Rewards are designed for students looking to build credit with responsible use while earning money on their purchases.

Although it does not offer the best rewards of all student credit card, the Journey Student card has some compelling benefits. With no foreign transaction fees, it is a good choice for students studying abroad. It is also good first credit card, with additional cash back incentives for making payments on time. That said, this card has a particularly high APR at 26.99% variable, so you’ll want to make sure you pay off the balance in full each month.

Otherwise, there is not much else to note on this card: no Introductory APRNope welcome bonus, no travel benefits. But it is a good springboard for credit improvement and prepare the ground for a credit card with better rewards and benefits.

In this article

Capital One Journey Student Rewards

Introductory offerN / A

APR26.99% (Variable)

Intro Purchase APRN / A

Recommended credit Average, Fair, Limited

Reward rate
  • Earn 1% cash back on all your purchases. Pay on time to increase your cash back to a total of 1.25% for that month

Annual fees$0

Intro Balance Transfer APRN / A

APR balance transfer26.99% (Variables)

Balance Transfer Fee $0 to this transfer APR

Late payment fees Up to $40

Foreign transaction fees None

APR Penalty None

  • Earn 1% cash back on all your purchases. Pay on time to increase your cash back to a total of 1.25% for that month

Awards

The model is simple and straightforward: Earn 1% on all purchases with the Capital One Journey Student Rewards Card – no limits. There are no bonus categories, unlike most rewards credit cards, which means less to manage and track.

There is, however, a secondary reward: when you make your monthly payment on time, you earn an additional 0.25%, for a total of up to 1.25% cash back. Although other student cards offer higher cash back rates, we appreciate the incentive for students who are starting to build credit. On-time payments are a major component of a credit score.

Building credit with the Capital One Journey student card

This card is designed to help students accumulate credits. As such, there are certain best practices that cardholders should keep in mind. As with any credit card, using 30% or less of your Credit limit will have the greatest impact on your credit score. Known as the “credit utilization ratio”, this ratio is an important part of your credit score.

That said, if you find that your monthly expenses consistently exceed the 30% guideline, you can proactively contact Capital One to discuss a credit limit increase.

Otherwise, after six months, Capital One will automatically review your account. If you’ve made your payments on time and checked your balance, you can automatically get a higher credit limit.

By making your payments on time and keeping your balance relatively low, you should be able to increase your credit score over time.

Alternate Maps

While we love the simplicity of the Journey Student Rewards card, you can earn more with student credit cards that offer more complex rewards programs.

Discover it® Student Cash Back

Discover it®* Student Cash Back is the best way to get the most cash back for most students. You earn the standard 1% on all purchases and 5% on daily purchases in select rotating slots each quarter when you activate, up to $1,500 in spend each quarter, then 1%. Some locations have included grocery stores, gas stations, restaurants, Target, Walmart, Amazon and more. Equally important is the Unlimited Cashback Match welcome bonus, which doubles your earned cash back at the end of your first year.

For more on Rotate Category and other benefits, check out our full review of the Discover Student Cash Back map.

Capital One SavorOne Student Cash Rewards Credit Card

The Capital One SavorOne Student Cash Rewards Credit Card offers the same 1% on all your purchases, but with a handful of important bonus categories.

You’ll earn 3% cash back on dining at restaurants, grocery stores (excluding supermarkets like Target and Walmart), and entertainment. Entertainment includes cinemas, sports promoters, theatrical promoters, amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores, billiard halls and bowling alleys. There is also no annual fee.

Plus, you’ll get a pretty solid welcome bonus when it comes to student credit cards. For a limited time, if you spend $100 within the first three months of opening your account, you’ll earn a $100 cash bonus.

FAQs

What if I have no credit history?

The Capital One Journey student card lists their acceptable credit history as “fair” – which would be a credit score between 580 and 669. However, it is not unusual for a student to get approved for a student credit card even if he has no previous credit accounts. .

What happens when you graduate?

Once you graduate, you can switch to a non-student credit card. These cards often offer better rewards and benefits. You will likely need to provide your income and housing payment information to your credit card issuer first.

In what type of school should you be enrolled?

Capital One considers anyone currently enrolled in a university, community college or other accredited institution of higher learning to be a student. You can also be admitted and plan to enroll within the next 3 months.

Our methodology

CNET examines credit cards comprehensively comparing them across established criteria for each major category, including cash back, welcome bonus, travel rewards and balance transfer. We take into consideration the typical buying behavior of a range of consumer profiles – with the understanding that everyone’s financial situation is different – ​​and the designated function of a card.

*All information about Capital One’s Journey Student Rewards and Discover it Student Cash Back has been independently collected by GameSpot and has not been reviewed by the issuer.

Editorial content on this page is based solely on objective, independent assessments by our editors and is not influenced by advertising or partnerships. It was not supplied or commissioned by a third party. However, we may receive compensation when you click on links to products or services offered by our partners.