Offering 1% cash back on all purchases, the Journey℠ Student Rewards card is designed for college students with limited or average credit. Text and email alerts can help you stay on top of your account, but no introductory interest rates may make this card more expensive in the short run. Apply Here
With Journey℠ Student Rewards from Capital One®, you have the option to receive text message and email alerts concerning your account. As a college student, getting accustomed to the hectic pace can take some time. Between writing papers and studying for tests, it’s understandable that an occasional payment due date might slip past you. The email and text alerts sent by Capital One® can make sure that you stay on top of your account and avoid any unnecessary late fees.
As a Journey℠ Student Rewards from Capital One® cardholder, you will have access to your monthly credit score. College students are often just beginning to establish credit and having access to credit score tools can be a great way to get a better understanding of how credit scores work. With this knowledge, you can make better-informed decisions and continue to successfully build your credit.
The Journey℠ Student Rewards from Capital One® comes with a 25% cash back bonus when a payment on your account is made on time. Budgets for college students are almost always tight, and having a little extra cash back is always appreciated. This cash back bonus is in addition to the 1% cash back earned for every purchase that you make. Purchasing those textbooks is still going to hurt financially, but at least now you know some money will be coming back.
Not all student rewards cards will give you the autonomy to get your cash back whenever you want. With Journey℠ Student Rewards from Capital One®, you have the ability to request your cash back at any time and receive an account credit or a check. You can even set up redemptions to occur automatically so you don’t have to worry about it. Knowing that a little extra cash is available can be useful during those times when the budget gets extra tight.
If you have an existing credit balance, having the ability to transfer funds to a new card can have financial benefits. The Journey℠ Student Rewards from Capital One® has a variety of transfer features that making transferring money to the new card easy. You can transfer money from an existing credit card, or from a personal, student, or auto loan. Although there is no introductory interest rate, there are no fees associated with the transfer, and the transfer interest rate is fairly competitive.
Many competitor college student credit cards offer a discounted introductory interest rate. There are multiple cards that offer a 0% interest rate that extends for several months. Having a low introductory rate allows you to make necessary purchases while providing time to pay off your balance. Although the standard interest rate offered by the Journey℠ Student Rewards from Capital One® is generally competitive, having an introductory rate would be a superior option.
Similar to other student credit cards in the industry, your cash rewards can potentially be lost. If you close your account, you will lose any points that you have not redeemed. In addition, points can be lost if you are delinquent on your account. To make sure you have no problems redeeming your cash rewards, make sure your account is active and in good standing.
|Introductory Rate (APR)None|
|Standard Rate (APR)19.80%|
|Cash Advance Rate (APR)24.90%|
|Cash Advance Fee$10 or 5% Per Cash Advance|
|Foreign Currency Transaction FeeNone|
|Late Payment Fee$0 first time you pay late, up to $35 thereafter|
|Returned Payment FeeUp to $35|
|Minimum Interest Charge$0.50|
|Default Penalty Rate (APR)29.40%|
|Introductory Balance Transfer Rate (APR)None|
|Standard Balance Transfer Rate (APR)19.80%|
|Standard Balance Transfer FeeNone|
|Type of RewardCash Back|
|Rewards Earnings for All Purchases1% cash back|
|Additional Rewards for DiningNone|
|Additional Rewards for GasNone|
|Additional Rewards for GroceriesNone|
|Additional Rewards for ShoppingNone|
|Additional Rewards for TravelNone|
|Bonus Points Offered25% on the cash back earned each month when bill is paid on time|