Bank of America Cash Rewards credit card for students vs. Capital One offers Journey Student Rewards
Annual Fee: There is no annual fee for both cards.
Reward: Bank of America Cash Rewards Credit Card For Students provides 3% cashback in any category, such as gas, online shopping and dining. There is also 2% cashback at wholesale clubs and grocery stores, and 1% back on all purchases. You can earn 3% or 2% cashback on purchases up to $2,500, depending on whether you shop at a grocery store or wholesale club.
Capital One Cardholders who have Journey Student Rewards are eligible for 1% cashback on all purchases You can get as many rewards as you want. Cash back can be increased to 1.25 if your payments are made on time.
Sign up bonus: If you spend at least $1,000 within the first 90-days of your account opening, The Bank of America Cash Reward Credit Card for Students will give you a $200 cash reward bonus. Capital One's Journey Student Rewards does not offer any sign-up bonuses.
Benefits: Students can get free access each month to their FICO credit scores with the Bank of America Cash Reward Credit Card. Capital One's Journey Student Rewards comes with benefits like fraud protection and emergency card services.
Bank of America Cash Rewards credit card for students vs. Discover It Student Cash Back
Annual Fee: There is no annual fee for both cards.
Reward: Students who have the Bank of America Cash Rewards credit card can earn 3% cashback in any category, such as gas, online shopping and dining. They also get 2% cashback at wholesale clubs and grocery stores, and 1% back on all purchases. You can earn 3% or 2% cashback on purchases up to $2,500 from combined grocery stores and wholesale clubs each quarter. Then 1%. Earn 5% cashback every quarter by enrolling in the program each quarter, including Amazon.com, grocery shops, restaurants, gas stations, and PayPal payments up to the maximum quarterly limit. All other purchases are eligible for unlimited 1% cashback automatically.
Sign up bonus: If you spend at least $1,000 within the first 90-days of your account opening, the Bank of America Cash Reward Credit Card for students offers $200 in cash rewards. If you are a first cardholder, the Discover it Student Cashback will match any cash earned during the first year.
Benefits: The benefits of both cards include free monthly access to your FICO score. Cardholders with Discover it Student Cash Back can also use the Freeze it App, which lets them freeze or unfreeze any card at anytime.
Bank of America Cash Reward Credit Card:
How to Earn Rewards?
Annual rewards valued at $296.
Value of your sign-up bonus: $200.
Value of first-year incentives: $496.
Bank of America Cash Rewards Credit Card for Students provides 3% cashback in your chosen category, automatic 2% grocery store and wholesale club purchases (up to $2,500 combined category/ grocery stores/ wholesale clubs quarterly purchases), and an unlimited 1% for all other purchases.
To earn 3% cashback, cardholders can choose one of these categories: Dining Drug stores Gas Home improvement/ furnishings shopping online Reisen only 1% of all nonbonds purchases earns cash back.
