Capital One SavorOne Student Cash Rewards Credit Card Review

For college students, the Capital One SavorOne Student Cash Rewards Credit Card is a full-featured rewards card. It has no yearly cost and offers cash back returns on bonus purchases in four everyday categories. While there is no sign-up incentive, the perks more than compensate. This card may be a possibility for you if you attend a 4-year university, community college, or other higher education institution. Get unlimited 3% cash back on eating, entertainment, popular streaming services, and grocery stores (excluding superstores like Walmart® and Target®), plus 1% on everything else. Plus, through January 2023, Vivid Seats is offering 8% cash back on tickets. There are no yearly fees, foreign transaction fees, or hidden fees with this account. With appropriate usage of a card like this, you can help build your credit.

At a Glance-

• 3 percent cash back on restaurants, entertainment, popular streaming services, and grocery stores (excluding superstores like Walmart® and Target®), plus 1% cash back on everything else. Plus, through January 2023, Vivid Seats is offering 8% cash back on tickets.
• There is no annual charge.
• There are no costs for international transactions.
• Choose your own deadline.
• 26.99 percent is rather high (Variable) if your card is ever lost or stolen, you will have $0 fraud liability.

Rates and fees-

• There are no yearly or foreign transaction fees with this card. The card, however, has a hefty interest rate, with a variable APR of 26.49 percent.
• The balance transfer cost is 3%, and late payment penalties can be as high as $40. A transfer fee will not be charged if you transfer a balance at the transfer APR.
• This card isn't ideal for flexible payment options, so if you need a low-interest line of credit, look for a credit card with a 0% initial APR.

Is it easy to get a student credit card?

It is not difficult to obtain a student credit card. It simply takes a few minutes to fill out an application. You will, however, need to gather paperwork for your application, such as verification of enrollment in classes.

Is cash back preferable to travel benefits?

As a form of credit card incentives, cash back is always a good choice. Flexible travel incentives, such as American Express Membership Rewards or Chase Ultimate Rewards, can be far more valuable, as they can save you thousands of dollars on premium travel.

What credit score do I need for a student credit card?

Fair credit is required for the Capital One Savor Student credit card (650-700). Student credit cards, on the other hand, have different requirements in terms of credit scores. The credit score required to get authorised is usually given by card issuers.