Are you a responsible student looking for a credit card that accepts average credit and offers rewards? Then, learn more about Journey Student Rewards from Capital One!

Journey Student Rewards from Capital One at a glance

This Capital One card advertises for students starting their journey in the credit card world. Also, this card offers cashback rewards, and you can get extra cashback bonuses if you make your payments on time.

However, Journey Student Rewards from Capital One does have high APRs. But you can take this information as an inspiration to keep being a responsible student and make all your monthly payments on time!

Moreover, you can access your card account through online and mobile banking. As a cardholder, you can even get streaming subscription credit for qualifying services. So, read on to know more about this card and find out if it can be a good option for you.

Credit card details 

Rates, fees, and benefits 

Welcome bonus 

There is no welcome offer for new cardholders.

Intro APR – This card does not offer an intro APR.

Ongoing APR 

Regular APR – 26.99% variable APR. 

Cash advance APR – 26.99% variable APR.

Interest fees – Your due date will be at least 25 days after the end of each billing cycle. And there are no interest charges when you make new purchases if you have paid your previous balance in full and on time each month.

Annual fee – $0.

Rewards

As a cardholder, you can earn 1% cashback on every purchase your make with the card. Plus, you can earn a 0.25% bonus each month if you make all your payments on time. So, it can be up to 1.25% cashback!

Transaction fees 

Balance transfers – You will be charged 3% of the amount of every balance transfer, which is posted to your account at a promo APR if there is one.

Cash advances – Either $10 or 3% of each cash advance amount, whichever is greater. 

Foreign transaction fee – You won’t have to pay fees for any foreign transaction you make.

Penalty fees 

Late payment – Up to $40. 

This credit card does not charge any other penalty fee beside the one above.

Credit score

To qualify to get approved to get this credit card, you will need an average credit score. So, if you have a credit score ranging from 630 to 689 points, you will have a chance to get this card. However, you can easily see if you are pre-approved with no credit check on Capital One’s website.

Pros 

Even though this credit card charges a high APR fee, it offers some good perks for students, for example:

  • You won’t have to pay an annual fee.
  • You will get a $0 Fraud Liability coverage. So, if your card is ever stolen or lost, you will not be responsible for purchases you did not authorize.
  • As a cardholder, you will have access to Eno, a virtual assistant that gives you alerts 24/7, warning you about any unusual things regarding your account.
  • You can get a higher credit line in as little as six months.
  • As a cardholder, you will have access to 24/7 customer service.
  • You can earn $5 every month for 12 months on qualifying streaming subscriptions if you make all your payments on time. Terms apply.
  • You can earn up to 1.25% cash back every month.
  • You will have unlimited access to your credit score and monitoring of your credit profile with the CreditWise program.
  • You can get travel and retail perks, like auto rental collision, 24-hour travel assistance, and more!

Cons 

This credit card can be very appealing for many students looking to enter the credit card world. However, it has some downsides:

  • If you are a young student, you might not know how to manage your money very well yet, also, you’re still learning how credit cards work. That can be a risk since this credit card charges a relatively high APR fee.
  • Other similar cards might have higher rewards and lower APRs.
  • You will need at least some experience with credit before applying.

How to apply for Journey Student Rewards from Capital One? 

On Capital One’s official website, you can see if you are pre-approved before submitting the official application. After you know if you are pre-approved, you can go to the official application page and provide your personal information. Then, you can read the terms and conditions and submit your application.

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About the Author Natasha Souza


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