Important Update: The Capital One Journey Student Rewards Credit Card is no longer available for new applicants. However, this article retains its informational value for current cardholders and those seeking alternative student credit card options. For students looking for similar benefits, Capital One offers two excellent alternatives: the Quicksilver Rewards for Students and the SavorOne Rewards for Students. To learn more about these alternatives, please refer to the links provided in this article.
Students might have a hard time keeping their finances on track, especially if they choose the wrong credit card.
That’s why Capital One Journey is such a good offer! If you manage to pay your bills on time, there’s a chance of getting a 1% refund monthly.
There are more benefits to getting this card that you’ll find out on the next few paragraphs, so keep reading.
Capital One Journey Student Credit Card
1% cash back 0.25% bonus cash backCapital One Journey Student Features
A basic student card like the Capital One Journey Student Rewards Card is a fantastic way to build a credit history. And learn how to earn rewards when you’re new to credit.
The Journey Student weighs like a solid beginner card because it’s very low-maintenance. Pays off on every purchase, rewards good credit habits, and doesn’t charge ongoing fees.
In addition to its security benefits and no international transaction fees, it is a great future study abroad companion.
Many other student ID cards have more to offer if you are satisfied with your credit. And Capital One’s new student ID cards offer much more value to new loan builders as well.
In fact, the Capital One Quicksilver Student Cash Rewards credit card outperforms the Journey card in virtually every respect, unless you’re willing to negotiate the highest 1.5% refund on the Quicksilver card for first-year flow credit .
Capital One Journey Student Benefits
If you pay your credit card bill on time each month, you can receive $5 credit on your monthly bill for eligible streaming services for up to 12 months.
As a new cardholder with 24 different services. You can receive a total of up to $60 in credit for the first 18 months only.
This includes popular video services like Netflix and Hulu, music services like Spotify and Amazon Music Unlimited. And various audiobooks and sports streaming services (excluded).
This is a good value considering that many student ID cards don’t offer first-year deals. It even surpasses the Chase Freedom student credit card and a $50 bonus after a purchase in the first three months.
However, this can be easily overcome by using the first year of the Discover it Student Cash Back card. And Bank of America’s Customized Cash Rewards credit card for the $200 cash bonus after spending $1,000 on purchases in the first 90 days can be easily balanced.
At the end of the day, however, a welcome offer is just an incentive. So pay attention first to retaining value and fitness for everyday use.
- No annual fee: This card is aimed at young consumers on a limited budget. Fortunately, Capital One offers this rate, which is not unusual in the credit card world, nor is it unusual.
- 1.25% Cashback Bonus: The base refund rate is 1%, but the cardholder’s card can increase to 1.25% if you pay on time. Any statement paid on time generates the highest refund rate. This not only brings additional rewards, but also encourages and builds good credit management for the user.
0.25% more doesn’t sound like much, but it could make a difference. If a customer spends $20,000 a year on the card but misses all payments. Their refund income for that year will be $200. A punctual payer would earn $250.
- No Study Abroad Fee: Planning a Semester Abroad? Financing a trip abroad with your new loan? In this case, this card is a good travel companion. As there are no foreign transaction fees for purchases outside our borders.
- Unpaid Cash Back Rewards. The cash back you earn never expires while your account is open. So there is never any pressure or rush to redeem those earnings.
- Multiple Cash Back Redemption Options. You have the flexibility to choose bank statement Check. Or automatic withdrawal credits to get cash back after a certain amount or on certain dates, regardless of the amount. This plethora of options allows cardholders to customize the redemption method to meet their individual needs and is rare among competing cards.
Other benefits:
Journey Student offers additional features that are standard on other Capital One credit cards. But these student perks set Journey apart from many other competitors. If you’re looking for a little peace and quiet while shopping or traveling. However, the Journey card lacks some key benefits. Of the Quicksilver Student and Capital One SavorOne Student Cash Rewards credit cards.
Journey Student Fees
If you prefer a low-maintenance credit card. The Journey Student Reward Card does not charge an annual fee or foreign transaction fees.
That way, there are no ongoing fees or additional international costs to worry about when getting your money back.
However, there are no introductory APR offers in case you make large purchases. For that school or need to make the move. Unfortunately, student credit cards often come with high interest rates and late fees. And the Journey Student Card is no different.
When you have funds. Expect a continuous variable interest rate of 26.99% and a late payment fee of up to $40.
Why buy the Capital One Journey Student Rewards Card?
- Yo who enjoys the perks of travel, including the lack of an overseas transaction fee.
- Are looking for a card with a long list of features and benefits.
- You want a card that rewards you for good purchasing practices.
- You would like a simple, straightforward card that, if used responsibly, can help you build a solid credit history.
Capital One’s Journey Student Card is an exciting choice for first-time cardholders looking for an easy-to-use cash back card for all occasions.
The features are designed to give you peace of mind when they shop or travel, but the persistently high APR and relatively low premium rate can make other student cards more valuable to some.
Conclusion
Capital One’s Journey Student is a good credit card for immediate use. It is also suitable for anyone who is in credit recovery mode.
You will likely receive this card first with a low credit limit. Making it almost impossible to get into debt with it.
This, in addition to the big cash rewards for paying on time. Helps develop the good debt management skills we all need.
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