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Journey Student Rewards from Capital One

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

Card Summary

Capital One's Journey Student Rewards program offers students the chance to earn cashback rewards and build credit through responsible spending. You can earn 1.25% monthly rewards by paying on time and receive an unlimited cashback of 1% on all your purchases.

Capital One's Journey Student Rewards card comes with a $0 annual charge and zero foreign transaction fees.

Cardholders of the Capital One Journey Student Rewards card receive fraud protection, text reminders, and text alerts in order to keep track of card activity.

Capital One's Journey Student Rewards card offers benefits such as fraud protection and emergency card services. For monthly payments that are not received on time, late fees of up to $40 may apply.

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
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

There is no annual fee for the Journey Student Rewards card from Capital One. It has $0 annually.

Cashback rewards: All purchases earn cardholders 1% cash back. Your cash back reward is increased to 1.25 % if you pay your monthly bills on time.

You will automatically be considered for a credit line with a higher limit: Capital One cardholders who are eligible to receive Journey Student Rewards cards from Capital One in just six months.

There are no foreign transaction charges: Students can travel internationally with the Journey Student Rewards card from Capital One.

There is no transfer fee for this APR. You don't have to pay any fees to transfer balances from other cards.

Rewards

Sign up bonus

APR Requirements

Drawbacks

There is no initial APR for the Journey Student Rewards card from Capital One. It has a 26.99% variable APR on balance transfers and purchases, with no introductory period.

Cash advance fees: The card charges either 3% or $10 per cash advance.

Sign-up bonus: The card comes without a sign up bonus.

Highlights

All purchases earn you 1% cashback. You can increase your cash return to an average of 1.25% if you pay on time.

You can earn $5 per month on select streaming subscriptions if you pay on-time. *Exclusions apply.

No foreign transaction fee or annual fees.

Responsible use of cards like these can build credit.

Choose the month that is most convenient for you.

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.

CreditWise, a free app that tracks your credit, is available to everyone.

Benefits

Comparative Analysis with Other Cards

Capital One Student Rewards vs. Explore it Student Cash Back

Annual Fee: There is no annual fee for both cards.

Reward: Capital One's Journey Student Rewards card gives you 1% cashback on your purchases. You also get an incentive to increase cash back up to 1.25% for timely payments. You can enroll to receive 5% cashback at various places every quarter, including Amazon.com and gas stations, grocery shops, restaurants, and gas stations. This is in addition to receiving a maximum quarterly amount of PayPal payments. Other purchases earn you 1% cashback without restriction.

Sign-up offer: No welcome offer for the Journey Student Rewards card from Capital One. All cash earned during the first year of cardholders will be automatically matched by the Discover it Student Cash Back.

Benefits: Capital One's Journey Student Rewards card provides benefits like fraud protection and emergency card services. Discover it Student Cash Back cardholders can use Discover's Freeze it App to freeze and unlock their cards at will. You can also get a monthly FICO score for free.

Capital One Student Rewards vs. Bank of America's Cash Rewards Credit Card For Students - Journey Student Rewards

Annual Fee: There is no annual fee for both cards.

Reward: Capital One's Journey Student Rewards card gives you 1% cashback on all your purchases. You also get 1.25% cash back if the payments are timely. Bank of America Cash Reward Credit Card for Students provides 3% cashback in any category, such as gas, online shopping and dining. There is also 2% cash back at wholesale clubs and grocery stores, and 1% back for all purchases. You can earn 3% or 2% cashback on purchases up to $2,500 per quarter in combination choice categories, wholesale clubs and grocery stores (then it is 1%).

Sign-up offer: No welcome offer for the Capital One Journey Student Rewards card New cardholders of the Bank of America Cash Rewards credit card for students receive $200 cash rewards bonuses after they have made at least $1,000 of purchases within the first 90 day of opening an account.

Benefits: The Capital One Card's Journey Student Rewards offers many benefits, including fraud protection and emergency card services. When you connect your Bank of America eligible checking account to your bank card, the Bank of America Cash Reward Credit Card for Student offers zero dollar liability for fraudulent transactions and account alerts. You also get overdraft protection.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

Capital One: Should you get the Journey Student Rewards?

If you are:

If you don't already have credit, but are interested in building credit.
A simple cash back card is what you want.
An annual fee is not something you want.
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