APPLY CAPITAL ONE SAVORONE STUDENT CASH REWARDS

With the exception of superstores, it gets 3% back on restaurants, entertainment, some streaming services, and grocery shops, and 1% back on all other purchases. Additionally, it offers 8% cash back on Vivid Seats tickets until January 2023 and has a variable APR of 16.49% to 26.49% with no annual fee.

In general, most student credit cards in the economy lack the characteristics of a regular credit card. Rather, they typically act as wheel chocks for using credit cards responsibly and as a tool for developing credit. If a student card granted benefits at all, they were often issued at a lesser rate or with greater restrictions due to purchasing limits or category restrictions.

RATES AND FEES OF CAPITAL ONE SAVORONE STUDENT CASH REWARDS CREDIT CARD

Annual Fee: As a student, you don’t need to be concerned about any extra annual costs because SavorOne Rewards for Students has a $0 annual charge.

Late Payment Penalty Fee: If cardholders don’t pay the minimum amount by the due date, a late fee of up to $40 may be charged on their Capital One SavorOne Student Cash Rewards Credit Card.

Returned Payment Fee: Capital One SavorOne Student Cash Rewards Credit Card return payment fees total up to 3% of the amount, but not less than $10.

Foreign Transaction Fee: If you’re studying abroad, this may be helpful because you won’t incur any additional fees while making purchases overseas.

Interest Rate: The Capital One SavorOne Student Cash Rewards Credit Card has an interest rate of 16.49%-26.49%. 

Minimum Credit Score needed: The Capital One SavorOne Student Cash Rewards Credit Card does not have a qualifying credit score restriction because it is a student credit card. You don’t need to have an existing credit score or any type of credit history to qualify for student cards because they are intended for young individuals who are just beginning to develop credit.     

Other fees: The Capital One SavorOne Student Cash Rewards Credit Card is free of charge from balance transfer and purchase intro APR.

FREQUENTLY ASKED QUESTIONS ABOUT THE CAPITAL ONE SAVORONE STUDENT CASH REWARDS CREDIT CARD

• What is the Capital One SavorOne Student Cash Rewards Credit Card’s credit limit?

Your credit limit will be determined by your credentials. Cardholders with Capital One student credit cards self-reported credit limits ranging from $300 to $750.

• Is the Capital One SavorOne Student Cash Rewards Credit Card limited to students only?

Yes. To be eligible for the Capital One SavorOne Student card, you must be a bona fide student enrolled in a college or institution.

• Is the Capital One SavorOne Student Cash Rewards Credit Card good for credit building?

Yes, any credit card may help you improve your credit if you use it frequently and pay your payments on time. All three consumer credit bureaus receive information from the Capital One SavorOne Student Cash Rewards Credit Card. If you pay your bills on time and maintain your credit history, you should be able to have a good credit record.

FINAL THOUGHTS

The Capital One SavorOne credit card guarantees an exceptional, if not unmatched, cash back return for food and amusement for a card with no annual fee. In fact, this card may turn out to be just as cost-efficient as others that focus on the same areas and charge a fee because of its excellent benefits.

For instance, the Capital One Savor Benefits, this card’s sibling, has a $95 annual fee and gives 4% rather than 3% in rebate rewards on food and amusement. According to some calculations, using a hypothetical family where people like entertainment and eating out more than the average person, you would earn $90 more in points with the Capital One Savor card—almost enough to cover its $95 annual fee.

For all but the highest of high-rolling families, the Capital One SavorOne appears to be a safer decision, assuming that you don’t care about the very minor differences in benefits between the cards.

Even if they were provided on a card that wasn’t specifically targeted at students, the bonuses, rewards, and advantages of the SavorOne Student Cash rewards card are amazing. This is a standout choice among student credit cards due to the unrestricted reward profitability of numerous large, frequently utilized categories and the added security provided by Mastercard. However, it’s important to keep in mind that if you carry debt with this card—or any card that generates rewards—the interest fees will overwhelm the value of any points received.