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Capital One’s Latest Student Card Welcome Bonuses
Each of the two student credit cards below currently offer a one-time, limited welcome bonus of $100 after new cardholders are approved and spend $100 within the first three months of opening a account.
The $100 welcome bonus can be used in several different ways: as a credit on the account, to pay for purchases via PayPal or Amazon or to buy gift cards.
In addition, holders of a student card, like all Capital One cardholders, now access the Capital One Travel℠ portal to book travel using credit card rewards. Booking travel through the portal with a Capital One student credit card can also earn cardholders unlimited 5% cash back on all hotel and car rental bookings.
If you have friends interested in either student card, Capital One’s referral program allows you to receive $100 for each successful referral, up to $500 per year.
Here is a breakdown of the benefits you will receive from each card.
Capital One SavorOne Student Credit Card
The Capital One SavorOne student credit card is a great choice for students who tend to spend in specific categories. By spending, you will earn:
- 3% cash back on all dining and entertainment expenses, when you pay for popular streaming services and when you shop at grocery stores
- 1% cash back for all other types of purchases
- 5% cash back when you book hotels and rental cars through Capital One Travel℠
- 8% cash back when you book tickets through Capital One Entertainment or Vivid Seats (until January 31, 2023)
The card also includes other strong features such as access to special reservations and culinary events through Capital One Dining, discounts through Capital One Shopping, travel accident insurance, extended warranty protection, free concierge and 24-hour travel assistance, among others.
The SavorOne Student credit card has no annual fee and there are no foreign transaction fees. Cardholders also have access to CreditWise to help monitor their credit score.
Capital One SavorOne Rewards for Students
Information about Capital One SavorOne Rewards for Students was independently collected by Select and was not reviewed or provided by the card issuer prior to publication.
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Awards
Earn unlimited 3% cash back on dining, entertainment, popular streaming services, and grocery stores, plus 1% on all other purchases. Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats.
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welcome bonus
Limited Time: Earn a one-time cash bonus of $100 after spending $100 on purchases within the first 3 months of account opening
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Annual subscription
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Introduction AVR
0% intro APR on purchases and balance transfers for 15 months
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Regular APR
15.24% – 25.24 variable
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Balance Transfer Fee
3% fee on amounts transferred in the first 15 months
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Foreign transaction fees
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Credit needed
Advantages
- 3% cash back on dining and entertainment purchases
- Ability to redeem rewards at any amount, unlike some other cards with a $25 minimum
- Special competitive financing offer on new purchases and balance transfers
- No fees charged on purchases made outside the United States
The inconvenients
- 3% balance transfer fee on amounts transferred in the first 15 months
Capital One Quicksilver Student Credit Card
If your spending habits tend to vary across different categories or you don’t want to worry about maximizing your cash back, the Capital One Quicksilver Student Credit Card may be a better option.
It’s pretty simple: when you spend on the card, you’ll earn unlimited 1.5% cash back on all your purchases. Cardholders can also earn 5% cash back whenever hotels and rental cars are booked through the Capital One Travel portal.
As with the SavorOne student credit card, you will also have access to Capital One benefits such as extended warranty protection, travel accident insurance, free concierge services and 24-hour travel assistance, as well as Capital One dining, shopping and travel. .
The Quicksilver Student Credit Card also has no annual fees or foreign transaction fees.
Capital One Quicksilver Student Credit Card
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Awards
1.5% cash back on all purchases, every day.
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welcome bonus
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Annual subscription
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Promotion April
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Regular APR
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Balance Transfer Fee
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Foreign transaction fees
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Credit needed
Advantages
- Exclusive access to curated sports, dining and entertainment experiences
- Unlimited cash back that does not expire for the life of the account
- No expense categories to track
- No foreign transactions or annual fees
How to Maximize a Student Credit Card
Student credit cards can be a great way for those just starting out to boost their credit score while enrolled in post-secondary courses. However, these cards are really designed to be short-term, as there are many other credit cards with cash back and travel rewards offer better benefits.
Here are some other ways to maximize your new student credit card:
- Be responsible for your expenses and pay your balance: It can be very easy to overspend and then find yourself unable to pay the full balance. This could lead to interest accumulation and credit card debt.
- Request a line of credit increase: When you apply for a student credit card, you may be granted a modest line of credit. However, once you start spending and paying off your balance in full, the card issuer has an incentive to give you a higher credit limit. By increasing your line of credit and maintaining a low credit utilization rate, your credit score should increase in parallel.
- If your credit is established, don’t limit yourself to just student cards: Personally, I never had a student credit card because I already had a good credit score in college. If your credit score is up to par, you might want to consider a no annual fee cash back credit card as your first choice.
At the end of the line
Capital One card information was independently collected by Select and was not reviewed or provided by the card issuer prior to publication.
Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.
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