If you are looking for a first-time credit card for students, you may want to consider the Jоurney® Student Rewards from Capital One because of its low fees and high rewards.
The Capital One Journey card gives cash back for spending and other benefits like credit score monitoring and fraud protection.
In this review, we’ll give you a full rundown of what this card has to offer students.
Capital One Journey Card – Student Reward Details
The Journey® Student Rewards card gives you 1% cashback on all purchases. Pay your bills on time and your cashback reward will increase to 1.25%.
Cashback earnings are not limited to a certain type of purchase. The cardholder will earn cashback whether they spend on groceries, gas, take out, or Amazon textbooks. There’s no limit on the amount of rewards you can earn and cashback doesn’t expire.
The minimum credit line you can get is $300. However, you may be able to get a credit line increase if you make five on-time payments during the first five months of having the credit card.
Another benefit of the card is you get credit-building tools through Capital One CreditWise.
The credit card has mobile account management and $0 Fraud Liability which means you’re covered from fraudulent purchases if your card is lost or stolen.
Fees & APR
The Capital One Journey card has fees that are comparable to other cards.
Here’s what you need to know about the fees:
- Interest – 24.99% APR
- Annual fee – None
- Foreign transaction fees – None
- Late fee – up to $38
Benefits of the Journey® Student Rewards Card
There are several perks of this credit card for students.
According to Capital One, you just need an average credit score to qualify.
This student card vs. a regular credit card can be ideal for a student to apply for because they may have a better chance of getting approved.
The Journey Student Rewards card may also be good practice for students who are establishing credit.
The student will get incentives for having good payment behavior, which can instill good financial habits.
The lack of foreign transaction fee can come in handy if the student plans to travel abroad.
Foreign transaction fees might seem insignificant for one or two purchases, but this can easily add up to a hefty amount of savings when you’re travelling.
How The Capital One Journey Student Rewards Card Measures Up
Capital One offers a variety of support options that can benefit cardholders including 24/7 email, chat, and phone support.
Capital One also provides emergency credit card replacement. Replacements could be useful for first-time credit card users who are learning how to manage cash and credit cards.
Overall, the Journey® Student Rewards card is an affordable and accessible option for students to consider when reviewing options for their first card.
If you’re interested in applying or learning more, head to the Capital One website.