The Capital One SavorOne Student Cash Rewards Credit Card offers an attractive rewards program tailored for college students. As one of the best student credit cards available, it combines cash-back rewards, no annual fee, and no foreign transaction fees, making it an excellent choice for students to manage their finances and earn rewards while doing so.
With this card, students can earn 3% cash back in popular spending categories, such as dining, entertainment, and popular streaming services, according to NerdWallet. Despite catering to students, the Capital One SavorOne Student Cash Rewards Credit Card provides a solid foundation for responsible credit usage and setting the stage for a strong financial future beyond college.
The Capital One SavorOne Rewards for Students Card offers a variety of features designed to benefit students while they build their credit history. Here are some important aspects of the card to consider:
Cash Back Rewards: The SavorOne Student card stands out for its cashback rewards program. Cardholders can earn unlimited 3% cash back on dining, entertainment, popular streaming services, and grocery store purchases, with 1% earned on all other purchases.
No Annual Fee: This student credit card has no annual fee, allowing students to save money while earning rewards.
No Foreign Transaction Fees: Students who study abroad or travel internationally can benefit from the lack of foreign transaction fees, saving money on any purchases made outside the United States.
Additional Benefits: Cardholders can enjoy benefits such as extended warranty protection, travel accident insurance, and auto rental collision damage waiver.
These features make the Capital One SavorOne Student card a desirable option for college students looking to earn rewards and build their credit history.
The Capital One SavorOne Student Cash Rewards Credit Card offers a highly competitive rewards program for students. Cardholders can expect to earn cash back on their everyday purchases, allowing them to make the most out of their spending habits.
One of the key features of the card is its cash back reward system. The card earns 3% cash back in several popular spending categories, including dining, entertainment, popular streaming services, and grocery store purchases, excluding the superstores and wholesale clubs. Additionally, all other purchases made using the card will earn 1% cash back.
To further enhance the rewards program, the Capital One SavorOne Student card does not impose a limit on the cash back to be earned, and the cash back does not expire for the life of the account. This allows cardholders to accumulate their rewards for an extended period without any concerns about losing them.
Redemption options for cash back rewards are flexible and include options such as statement credits, checks, or even redeeming for gift cards, providing students with the freedom to use their rewards in the manner that suits them best.
Fees and APR
The Capital One SavorOne Rewards for Students Card has minimal fees, making it an appealing option for students. One key aspect to mention is that there is no annual fee associated with this card.
When it comes to APR, this credit card offers a variable APR ranging from 19.24% to 29.24%. This is an important factor to consider when choosing a credit card, as it will impact the cost of carrying a balance on the card.
Additionally, the Capital One SavorOne Student Cash Rewards Credit Card does not charge foreign transaction fees, making it a suitable option for students who might need to make purchases abroad.
In summary, here are the key fee-related features of the Capital One SavorOne Rewards for Students Card:
- No annual fee
- Variable APR of 19.24% to 29.24%
- No foreign transaction fees
Eligibility and Application Process
The Capital One SavorOne Student Card is designed for college students, making it an ideal choice for those looking to build their credit while earning cash back on everyday purchases. To be eligible for this card, you must be a student currently enrolled in college or university.
Applying for the Capital One SavorOne Student Card is a straightforward process. You can apply online through the Capital One website. During the application, you will need to provide information such as your name, address, Social Security number, date of birth, and employment details. You will also need to provide information on your school’s enrollment status, as this card is specifically designed for students.
Typically, student credit cards require a lower credit score for approval compared to traditional cards. However, it’s still essential to maintain a good credit history and demonstrate responsible credit usage. Meeting the eligibility criteria doesn’t guarantee approval, as Capital One may consider other factors, such as income and credit history, during the application evaluation process.
Card Security and Protection
The Capital One SavorOne Rewards for Students card offers multiple layers of security and protection to ensure the cardholder’s peace of mind. One of the key features of this card is its account security measures. Capital One has implemented advanced technologies to help protect against fraud, such as monitoring transactions for unusual activity and allowing users to lock their cards if they are misplaced or stolen.
Apart from account security, the SavorOne Rewards for Students card also provides purchase and price protections. These ensure that cardholders get the best value for their purchases through features like extended warranties, price matching, and reimbursement for lost or damaged items.
Additionally, cardholders can benefit from automatic account reviews for a higher credit line after six months of on-time payments. This helps responsible users increase their credit limit, which can potentially result in a better credit score over time.
Lastly, the card offers travel features and protections such as travel accident insurance and assistance for emergency situations. These can come in handy for students who engage in international travel or study abroad programs, providing a sense of security during their journeys.
Pros and Cons
The Capital One SavorOne Student Cash Rewards Credit Card is a popular option among students for several reasons. However, as with any credit card, there are both pros and cons to consider before applying.
- Generous cash back rate in everyday categories popular among students such as dining and entertainment.
- No annual fee or foreign transaction fees, making it an affordable option for students on a budget.
- 3% cash back in several popular spending categories, maximizing rewards potential for a variety of purchases.
- The card may not be suitable for everyone, as some students might benefit more from a card with different rewards structures or perks based on their specific financial needs or spending habits.
- There may be other student credit cards on the market that offer higher sign-up bonuses, lower interest rates, or more flexible reward redemption options.
- With any credit card, responsible use is crucial to avoiding debt and maintaining a good credit score. It’s essential for students to carefully manage their spending and payment habits.
Comparison with Similar Cards
The Capital One SavorOne Student Cash Rewards Credit Card stands out among its competitors for its excellent rewards rates on dining, entertainment, and popular streaming services. This section will compare the SavorOne Student card with a few other popular student credit cards.
Discover it® Student Cash Back: This card offers 5% cash back on rotating categories each quarter, up to a quarterly maximum of $1,500, and 1% cash back on all other purchases. While the rewards potential is high, it requires activation and tracking of the bonus categories. The SavorOne Student card provides a more straightforward rewards structure with 3% cash back on popular spending categories without having to worry about activations or spending caps.
Deserve® EDU Mastercard for Students: This card earns 1% cash back on all purchases, which is lower compared to the SavorOne Student card’s 3% cash back on dining, entertainment, and popular streaming services. There’s no annual fee, but it also lacks the extensive rewards structure that the SavorOne Student card offers.
Journey Student Rewards from Capital One: Interestingly, another student credit card from Capital One is the Journey Student Rewards, which earns 1% cash back on all purchases, plus a 0.25% cash back bonus for paying on time. This is a simpler rewards structure and may be suitable for students who
The Capital One SavorOne Student Cash Rewards Credit Card is a compelling option for students looking to earn rewards on their spending. With no annual fee, 3% cash back in popular spending categories, and no foreign transaction fees, this card provides excellent value to its users.
Its cashback structure, as well as the lack of an annual fee, make it an attractive choice for foodies and frequent entertainment seekers. With responsible use, the SavorOne Student Cash Rewards card can help students build credit while also earning cash back for their purchases.
Although the offerings and benefits of this card are strong, it’s important for students to consider their individual spending habits and credit needs when choosing a credit card. Comparing different cards and their features can help them make the most informed decision.
In summary, the Capital One SavorOne Student Cash Rewards Credit Card is a solid option for students looking for cash back rewards and a straightforward way to manage their finances during college and beyond.