In-Depth Review of the Journey Student Rewards From Capital One
Rates and Fees
To begin with, there’s no annual fee with the Journey Student Rewards from Capital One. That means students who are working with a limited income can have the convenience of a credit card without the pressure of paying an annual fee (in case they don’t use it in the end).
Additionally, the Journey Student Rewards from Capital One provides students with a way to open a line of credit without having to put down any collateral like with secured credit cards.
The card also boasts no foreign transaction fees, which is a big perk for anyone who travels or frequently purchases products online from a foreign company.
The APR for new purchases, cash advances, and balance transfers is the same: 26.99% (Variable).
Cash advances accrue a 3% or $10 transaction fee.
The one thing we don’t like about this card is that it charges up to $40 for late payments. In truth though, this is a fair charge considering any first-time credit card holder should be making timely payments to build their credit through responsible credit card use.
Credit Access
After six months, Capital One will automatically review your account for a potential credit limit increase.
Bonus Rewards
The bonus rewards structure is a major added benefit to the Journey Student Rewards from Capital One credit card. Most student credit cards don’t offer any rewards program, so this is already a big step up. The Journey Student Rewards From Capital One earns you 1% on every dollar spent with the card — not bad for a beginner’s card.
Additionally, for every month that you pay on time, you’ll receive an additional 0.25% cash back. So, assuming you are on time with your payments (something that’s really easy to do if you set up autopay or payment alerts), you can earn 1.25% back on every dollar you spend on purchases that month. Once again, that’s incredibly generous considering the fact that most student cards don’t offer anything back.
Rewards never expire for the entire lifetime of your account, and there’s no cap on how much cash back you can earn. Point redemption is also fairly straightforward. You can get your cash back as a statement credit or check or to get gift cards. Cash back redemption can be done online or over the phone.
Account Management
Account management is easy with the Journey Student Rewards From Capital One, with smart alerts that we’ll discuss below, a personalized payment schedule, and the ability to track authorized users. You can also set up autopay for instant payments, so you can avoid missed payments and late fees.
Easy account management is a big plus for students who are new to the world of credit.
Mobile Banking
The Journey Student Rewards From Capital One comes with a snazzy mobile app that is full of convenient features like instant purchase notifications, mobile bill payment options, and mobile deposits (so you can deposit a check by just taking a picture of it with your phone).
The coolest feature, though, is Eno, the mobile assistant that makes banking a cinch. Eno is a program that lets you text questions about your Journey Student Rewards From Capital One and receive an SMS with the answer instantly. So, you can ask about things like recent transactions, account balance, or what’s my available credit, and get the answer on the spot.
Alerts
The Journey Student Rewards from Capital One lets you receive and customize your security alerts. You can opt to get alerts via text message or email. You can also decide when to be notified by checking off certain activities that should be flagged including overseas purchases, excessive purchasing, or unusual spending action. You’ll even be able to get basic reminders for payment dates to help you stay on top of your account.
Journey Student Rewards From Capital One vs. the Competition
The Journey Student Rewards from Capital One isn’t the only student card that earns you rewards while you spend — it’s not even the only one within the Capital One family. Here’s a look at the Journey’s two sister cards, both of which might be worth considering.
Capital One Quicksilver Student Cash Rewards Credit Card
- APR: 16.49% – 26.49% (Variable).
- Annual fee: $0.
- Intro offer: Limited Time Offer: Earn $100 when you spend $100 in the first three months.
- Cash back: Unlimited 1.5% cash back on every purchase.
- Credit level: 600+.
A smidge better in the cash back category than the Journey Student Rewards From Capital One, the Capital One Quicksilver Student Cash Rewards Credit Card offers 1.5% cash back for every dollar you spend on purchases. You’ll also earn a $100 welcome bonus when you spend $100 in the first three months of opening your account.
Other perks of the Capital One Quicksilver Student Cash Rewards Credit Card include no foreign transaction fees and the Master RoadAssist® Service*. Take advantage of 24-hour toll-free dispatch to help with services like towing, fuel delivery, and more (fees apply) — making it a good choice for that spring break trip or study abroad stint.
Capital One SavorOne Student Cash Rewards Credit Card
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- APR: 16.49% – 26.49% (Variable).
- Annual fee: $0.
- Intro offer: Limited Time Offer: Earn $100 when you spend $100 in the first three months.
- Cash back: Unlimited 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases; 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats.
- Credit level: 600+.
The Capital One SavorOne Student Cash Rewards Credit Card ups the cash back offer even further, with a strong 3% earning rate on four useful categories, namely dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®). There’s a 1% cash back rate on everything else — with one noteworthy exception. You can also earn a massive 8% back on purchases on Capital One Entertainment and tickets at Vivid Seats. If you’re into sporting events and concerts, that’s some unbeatable rewards.
Like the Quicksilver Student Cash Rewards cards, the Capital One SavorOne Student Cash Rewards Credit Card comes with a welcome offer of $100 cash back when you spend $100 in the first three months of opening your account.
Also like the Quicksilver, the SavorOne includes no foreign transaction fees and the 24-hour toll-free Master RoadAssist® Service*.
Bottom Line: Is the Journey Student Rewards Credit Card From Capital One Right for You?
The Journey Student Rewards from Capital One comes with a lot of benefits that students can really take advantage of.
The $0 annual fee is already a good start, and then Capital One throws in the benefits to boot.
The rewards program is a major plus considering the category it’s in, and the easy redemption policy gives the Journey even more bragging rights.
With good customer service, a great mobile app, and no foreign transaction fees, the Journey Student Rewards From Capital One makes an amazing offer that we recommend to anyone trying to build their credit.
Proceed with the application for the Journey Student Rewards From Capital One
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