Table of Contents
The Journey Scholar Rewards from Capital One is a good pupil rewards bank card targeted on making on-time funds. One good thing about paying on time is a lift from 1% money again to 1.25% money again. Capital One may even routinely assessment your credit score restrict in as little as six months.
What We Like:
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1% money again on all purchases and pay on time to get a lift to 1.25% money again
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Be routinely thought of for the next credit score line in as little as 6 months
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No annual payment and no international transaction charges
Intro APR Purchases
N/A
Intro Time period Purchases
N/A
Intro APR Stability Transfers
N/A
Intro Time period Stability Transfers
N/A
Common APR
29.74% (Variable)
Annual Price
$0
- Earn 1% money again on all of your purchases. Pay on time to spice up your money again to a complete of 1.25% for that month
- Take pleasure in peace of thoughts with $0 Fraud Legal responsibility so that you simply will not be chargeable for unauthorized prices
- Take pleasure in no annual payment, international transaction charges, or hidden charges
- Lock your card within the Capital One Cellular app if it is misplaced, misplaced or stolen
- Earn as much as $500 a 12 months by referring family and friends once they’re authorized for a Capital One bank card
- Decide the month-to-month due date that works finest for you
- Pay for Amazon.com purchases utilizing your Capital One rewards
- Pay for on-line purchases with digital card numbers and maintain your precise card quantity to your self
- Get notified through textual content, e-mail, and cellphone if Capital One notices potential suspicious transactions in your account
- Construct your credit score with accountable card use
Editor’s Observe – You possibly can belief the integrity of our balanced, unbiased monetary recommendation. We could, nonetheless, obtain compensation from the issuers of some merchandise talked about on this article. Opinions are the writer’s alone. This content material has not been offered by, reviewed, authorized or endorsed by any advertiser, except in any other case famous under.
Getting a line of credit score is difficult for individuals with out a lot credit score historical past or no credit score in any way. That is most significantly true within the case of scholars who’re too younger to have had time to construct up their very own credit score.
If that’s your scenario, the Journey Scholar Rewards from Capital One bank card is an effective resolution.
With no annual payment and a refreshing rewards factors program, the Journey Scholar Rewards from Capital One helps college students and others with low or no credit score get their foot within the door — with a couple of perks alongside the best way.
Questioning in case you ought to apply? Right here’s our in-depth assessment that will help you resolve if that is the appropriate bank card for you.
Journey Scholar Rewards Card Overview
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- APR: 29.74% (Variable).
- Annual payment: $0.
- Overseas transaction payment: None
- Intro provide: None.
- Money again: 1% on each greenback spent, plus a further 0.25% for each month that you simply pay on time.
- Different advantages: $0 Fraud Legal responsibility, Computerized Credit score Line Assessment
- Greatest for: College students with little to no credit score historical past.
The Journey Scholar Rewards From Capital One has loads going for it. Useful buyer help and a juicy rewards program add as much as a profitable provide for college students who need assistance getting began on the planet of credit score constructing.
The Journey Scholar Rewards From Capital One additionally comes with a number of advantages and sensible spending perks.
On the draw back, the cardboard doesn’t have any welcome bonus, however there aren’t too many credit-building playing cards that do provide such frills.
Professionals & Cons of the Journey Scholar Rewards Card
Professionals
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Beneficial rewards on all purchases — Earn 1% money again on all purchases with no limits.
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Designed only for college students — College students can qualify with little or no credit score historical past.
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Additional rewards for accountable use — Earn extra 0.25% money again while you make your funds on time.
Cons
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Expensive curiosity prices — This card has a excessive customary rate of interest.
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Small credit score restrict — You’ll probably obtain a low preliminary line of credit score.
In-Depth Assessment of the Journey Scholar Rewards From Capital One
Charges and Charges
To start with, there’s no annual payment with the Journey Scholar Rewards from Capital One. Meaning college students who’re working with a restricted earnings can have the comfort of a bank card with out the stress of paying an annual payment (in case they don’t use it ultimately).
Moreover, the Journey Scholar Rewards from Capital One gives college students with a solution to open a line of credit score with out having to place down any collateral like with secured bank cards.
The cardboard additionally boasts no international transaction charges, which is a giant perk for anybody who travels or often purchases merchandise on-line from a international firm.
The APR for brand spanking new purchases, money advances, and stability transfers is identical: 29.74% (Variable).
Money advances payment is 3% of the quantity of the money advance, however not lower than $3.
The one factor we don’t like about this card is that it prices as much as $40 for late funds. In fact although, this can be a truthful cost contemplating any first-time bank card holder ought to be making well timed funds to construct their credit score by means of accountable bank card use.
Credit score Entry
After six months, Capital One will routinely assessment your account for a possible credit score restrict enhance.
Bonus Rewards
The bonus rewards construction is a serious additional benefit to the Journey Scholar Rewards from Capital One bank card. Most pupil bank cards don’t provide any rewards program, so that is already a giant step up. The Journey Scholar Rewards From Capital One earns you 1% on each greenback spent with the cardboard — not unhealthy for a newbie’s card.
Moreover, for each month that you simply pay on time, you’ll obtain a further 0.25% money again. So, assuming you’re on time along with your funds (one thing that’s very easy to do in case you arrange autopay or fee alerts), you’ll be able to earn 1.25% again on each greenback you spend on purchases that month. As soon as once more, that’s extremely beneficiant contemplating the truth that most pupil playing cards don’t provide something again.
Rewards by no means expire for the whole lifetime of your account, and there’s no cap on how a lot money again you’ll be able to earn. Level redemption can be pretty simple. You possibly can get your money again as a press release credit score or test or to get present playing cards. Money again redemption may be carried out on-line or over the cellphone.
Account Administration
Account administration is simple with the Journey Scholar Rewards From Capital One, with sensible alerts that we’ll talk about under, a customized fee schedule, and the power to trace licensed customers. It’s also possible to arrange autopay for immediate funds, so you’ll be able to keep away from missed funds and late charges.
Straightforward account administration is a giant plus for college students who’re new to the world of credit score.
Cellular Banking
The Journey Scholar Rewards From Capital One comes with a snazzy cellular app that is stuffed with handy options like immediate buy notifications, cellular invoice fee choices, and cellular deposits (so you’ll be able to deposit a test by simply taking an image of it along with your cellphone).
The good characteristic, although, is Eno, the cellular assistant that makes banking a cinch. Eno is a program that permits you to textual content questions on your Journey Scholar Rewards From Capital One and obtain an SMS with the reply immediately. So, you’ll be able to ask about issues like current transactions, account stability, or what’s my obtainable credit score, and get the reply on the spot.
Alerts
The Journey Scholar Rewards from Capital One allows you to obtain and customise your safety alerts. You possibly can decide to get alerts through textual content message or e-mail. It’s also possible to resolve when to be notified by checking off sure actions that ought to be flagged together with abroad purchases, extreme buying, or uncommon spending motion. You’ll even be capable of get fundamental reminders for fee dates that will help you keep on prime of your account.
Journey Scholar Rewards From Capital One vs. the Competitors
The Journey Scholar Rewards from Capital One isn’t the one pupil card that earns you rewards whilst you spend — it’s not even the one one inside the Capital One household. Right here’s a take a look at the Journey’s two sister playing cards, each of which is perhaps value contemplating.
Capital One Quicksilver Scholar Money Rewards Credit score Card
- APR: 19.24% – 29.24% (Variable).
- Annual payment: $0
- Intro provide: Restricted Time Provide: Earn $50 while you spend $100 on purchases inside 3 months from account opening
- Money again: Limitless 1.5% money again on each buy.
- Credit score stage: 600+.
A smidge higher within the money again class than the Journey Scholar Rewards From Capital One, the Capital One Quicksilver Scholar Money Rewards Credit score Card gives 1.5% money again for each greenback you spend on purchases. You’ll additionally earn a $50 while you spend $100 on purchases inside 3 months from account opening.
Different perks of the Capital One QuickSilver Scholar Money Rewards Credit score Card embrace no international transaction charges and the Grasp RoadAssist® Service*. Make the most of 24-hour toll-free dispatch to assist with companies like towing, gasoline supply, and extra (charges apply) — making it a sensible choice for that spring break journey or research overseas stint.
Capital One SavorOne Scholar Money Rewards Credit score Card
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- APR: 19.24% – 29.24% (Variable).
- Annual payment: $0.
- Intro provide: Restricted Time Provide: Earn a $50 bonus while you spend $100 on purchases inside 3 months from account opening
- Money again: Limitless 3% money again on eating, leisure, standard streaming companies, and at grocery shops (excluding superstores like Walmart® and Goal®), plus 1% on all different purchases; 8% money again on Capital One Leisure purchases and tickets.
- Credit score stage: 600+.
The Capital One SavorOne Scholar Money Rewards Credit score Card ups the money again provide even additional, with a robust 3% incomes price on 4 helpful classes, particularly eating, leisure, standard streaming companies, and at grocery shops (excluding superstores like Walmart® and Goal®). There’s a 1% money again price on every thing else — with one noteworthy exception. It’s also possible to earn an enormous 8% again on purchases on Capital One Leisure and tickets. For those who’re into sporting occasions and concert events, that’s some unbeatable rewards.
Just like the Quicksilver Scholar Money Rewards playing cards, the Capital One SavorOne Scholar Money Rewards Credit score Card comes with a welcome provide of a $50 bonus while you spend $100 on purchases inside 3 months from account opening.
Additionally just like the Quicksilver, the SavorOne contains no international transaction charges and the 24-hour toll-free Grasp RoadAssist® Service*.
Backside Line: Is the Journey Scholar Rewards Credit score Card From Capital One Proper for You?
The Journey Scholar Rewards from Capital One comes with lots of advantages that college students can actually benefit from.
The $0 annual payment is already begin, after which Capital One throws in the advantages besides.
The rewards program is a serious plus contemplating the class it’s in, and the simple redemption coverage provides the Journey much more bragging rights.
With good customer support, an awesome cellular app, and no international transaction charges, the Journey Scholar Rewards From Capital One makes an incredible provide that we suggest to anybody making an attempt to construct their credit score.
Proceed with the applying for the Journey Scholar Rewards From Capital One
For Capital One merchandise listed on this web page, a number of the above advantages are offered by Visa® or Mastercard® and should fluctuate by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
