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Capital One SavorOne Student Cash Rewards Credit Card

Credit needed
Average, Fair, Limited
APR
26.99% (Variable)
Annual Fee
$0

Card Summary

Capital One SavorOne Student cash rewards credit card offers a great opportunity to earn unlimited 3% cashback on eligible food, entertainment and streaming services. Vivid Seats will also give you 8% cash back through January 2023.

The card is less appealing to students with low spending habits who aren't likely to spend much in its bonus categories.

Review of Capital One SavorOne student Cash Rewards Credit card:

Get rewards quickly on a variety of everyday purchases, and 1% cashback if you don't qualify for the bonus categories.

Card Summary - Cons

Rates and fees

Issuer Name
Capital One
Penalty APR
None
Credit Needed
Average, Fair, Limited
Balance Transfer Fee
This Transfer APR is $0
Annual Fee
$0
Cash Advance Fee
The cash advance amount must not exceed $10, and 3% of it should be.
APR
26.99% (Variable)
Foreign Transaction Fee
None
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The Best Features

Accessible bonuses rewards:

This card offers a 3% reward rate for those categories which are common in budget, even college students. This card has low fees.

You won't be charged an annual fee, foreign transaction charge or balance transfer fee.

Possibility of a Credit Line Increase: You could automatically be considered for an increase in credit limit after six months.

Rewards

Sign up bonus

APR Requirements

Drawbacks

Base rewards rate low:

You'll only earn 1% on purchases if your spending is not in the bonus category.

There are no introductory incentives for this student card. This card is not like the Capital One SavorOne Rewards Credit Card.

High APR: This card has a variable APR of 26.99%. In the U.S. News database, there is a 23.17% average APR on student credit cards.

Highlights

This card may be an option, regardless of whether you are at a community college, 4-year university or another higher education institution. Unlimited 3% Cash Back on dining, entertainment, and groceries (excluding superstores such as Walmart, Target), plus 1% for all purchases Vivid seats tickets are eligible for 8% cashback through January 2023.

No annual fees or foreign transaction fees. Responsible use of cards like these can build credit. Cash rewards are earned in cash. There is no need to sign up for any rotating categories. In as little as six months, you can automatically be considered for a greater credit line.

If your card ever gets lost, stolen or fraudulently used, you are not liable for $0. Autopay will automatically make your monthly payments.

Benefits

Comparative Analysis with Other Cards

Capital One SavorOne Student Cash Rewards Credit Card vs. Capital One Quicksilver Student Cash Rewards Credit Card

Annual Fee: There is no annual fee for the card.

Reward: Every purchase with the Capital One Quicksilver student cash rewards credit card earns you 1.5% cashback Capital One SavorOne Credit Card offers 3% Cash Back on dining, entertainment, and eligible groceries. All other purchases receive 1% Cash back.

New cardholders are eligible for a sign-up bonus: Capital One can automatically approve you for a credit increase in just six months with both of these cards. Foreign transaction fees are not charged to you.

Capital One SavorOne Credit Card with Cash Rewards Credit Cards vs. Learn it Students Cash Back

Annual Fee: There is no annual fee for the card.

Reward: Capital One SavorOne student cash rewards credit card offers 3% cashback on eligible food, entertainment and grocery purchases. All other purchases are eligible for 1% cash back. When you sign up for the Discover it Student Cash back Card, you will receive 5% cashback on purchases of up to $1500 in three-quarterly. You can also earn unlimited cashback on any other purchase.

Sign up bonus: All cash earned during the first year of your Discover it Student Cash back Card is matched by the Discover it Student Cashback Card. New cardholders are not eligible for a Capital One SavorOne student cash rewards credit card bonus.

Benefits: While neither card has a foreign transaction fee (though it is possible to find international merchants accepting Discover), there are no fees for using the card. Capital One SavorOne Student cash Rewards Credit Card may allow you to increase your credit limit in just six months. You can access your FICO credit score free of charge with the Discover It Student Cash Back.

The Capital One SavorOne student cash rewards credit card: How to Maximize Your Rewards?

Unlimited 3% cashback on eligible food, entertainment and grocery purchases. This card offers unlimited 3% cash back on dining out, entertainment, and grocery purchases.You can also set up automatic streaming service payments with this card, so you get 3% back for eligible subscriptions. Remember, Vivid Seats will give you 8% back through January 2023. So, book concert tickets only on VividSeat.

How much does the Capital One SavorOne student cash rewards credit card cost?

Annual Fee: This card does not charge an annual fee. However, it is standard practice for student credit cards. Capital One does not charge foreign transaction fees for any credit card. This makes this card an excellent choice if you are studying abroad.

Balance transfer fee: The card has no fee for balance transfers, however you will still have to pay high APR.

Cash advance fee: This fee equals 3% of your advance or $10.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

Do You Need the Capital One SavorOne Credit Card for Student Cash Rewards?

If you are:

You can spend a lot of money on entertainment, food, and groceries.
You want to build your college credit history.
You are planning to study abroad, and you want to minimize foreign transaction fees.
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