Chase Freedom® Student credit card vs. Capital One SavorOne Student Cash Rewards Credit Card: Which Is Best for You?

Students looking for a credit card that will help them build their credit score while enjoying cash back rewards may want to consider either the Chase Freedom® Student credit card or the Capital One SavorOne Student Cash Rewards Credit Card. MoneyGeek examines the features of these two credit cards to assist you in determining which one is best for your student needs.

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Last Updated: 12/5/2022

Compare these two big credit cards' features, fees, rewards, and expenses to see which one is best for your needs.

Capital One SavorOne Student Cash Rewards Credit Card provides 3% cash back on restaurants, entertainment, popular streaming services, and at grocery stores, in addition to 1% cash back for all other transactions.

While every purchase you make with your Chase Freedom® Student credit card earns you 1% cash back, it's a Visa card with no yearly cost and a simple one-time offer that's worth considering.

Comparison Overview: Chase Freedom® Student credit card vs. Capital One SavorOne Student Cash Rewards Credit Card

  • Chase Freedom® Student credit card
    Capital One SavorOne Student Cash Rewards Credit Card
  • Has Annual Fee
  • Has Balance Transfer Offer
  • Has APR Offer
  • Cash Back Rewards
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  • Travel Rewards
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Chase Freedom® Student credit card At a Glance

If you're a college student looking to earn rewards without having to bother with activating or tracking specific spending categories, the Chase Freedom® Student credit card card is for you. Every purchase you make earns 1% cash back. Rewards never expire, and there is no minimum amount to redeem for a cash back bonus.


  • Chase Freedom® Student credit card

    A solid card with rewards students are sure to appreciate


    • Limited-FairRecommended Credit
    • $0Annual Fee
    • 1% Cash BackRewards Rate
    • 1xRewards Rate on Online Shopping
    • 1xRewards Rate on Groceries

    Terms, rates and fees apply

    Compare this credit card with other top-rated student credit cards.

Capital One SavorOne Student Cash Rewards Credit Card At a Glance

The Capital One SavorOne Student Cash Rewards Credit Cards is the best option for cardholders who prioritize dining and entertainment with no annual fee. You will receive 3% cash back at restaurants and entertainment venues, as well as 1% cash back at grocery shops and major streaming services like Netflix and Hulu. In addition, Vivid Seats customers may get 8% cash back on tickets until January 2023.


  • Capital One SavorOne Student Cash Rewards Credit Card

    A great student credit card with high cash back on bonus categories


    • Limited-FairRecommended Credit
    • $0Annual Fee
    • 1% - 10% cash backRewards Rate

    Terms, rates and fees apply

    Compare this credit card with other top-rated credit cards.

Comparison Summary

Using MoneyGeek's breakdown of the differences between the Chase Freedom® Student credit card vs. Capital One SavorOne Student Cash Rewards Credit Card, you can evaluate which is the ideal student credit card for your situation.

  • Card Detail
    Comparison Summary
  • Foreign Transaction Fee

    The Capital One SavorOne Cash Rewards Credit Card is a smart choice for international transactions since it doesn’t have a foreign transaction fee. On the other hand, the Chase Freedom® Student credit card has a 3% foreign transaction fee.

    Winner: Capital One SavorOne Cash Rewards Credit Card

  • Welcome Bonus

    The Capital One SavorOne Cash Rewards Credit Card for Students doesn’t have a welcome bonus. In comparison, the Chase Freedom® Student credit card gives a $50 incentive after your first purchase within three months.

    Winner: Chase Freedom® Student credit card

  • Rewards

    With the no-annual-fee Capital SavorOne Rewards for Students credit card, you will receive unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores, plus 1% on all other purchases.

    The Chase Freedom® Student credit card offers simple incentives for students. You get 1% cash back on all transactions and a $50 incentive on your first purchase within three months. There's also no minimum expenditure or yearly charge. Also, keep your account active, and you'll get a $20 bonus on your first five account anniversaries.

    Winner: Chase Freedom® Student credit card

  • Annual Fee

    You will not be charged an annual fee from either card.

    Winner: Tie

Which Card Should You Get?

​It's critical to analyze your status and needs while deciding between the Chase Freedom® Student credit card and Capital One SavorOne Student Cash Rewards Credit Card.

Who Should Consider the Chase Freedom® Student credit card?

The Chase Freedom® Student credit card has several key advantages, like unlimited rewards and no annual fees. Because of its unlimited cash back advantages, the card could be beneficial for your daily purchases.

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    Every purchase you make with your Chase Freedom® Student credit card earns you 1% cash back. Spending and bonus categories aren't necessary; use your card and automatically get cash back rewards.

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    To qualify for a bonus on a credit card, most demand a considerable amount of spending. Within three months of opening an account, you'll get a $50 incentive if you make your first purchase.

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Who Should Consider the Capital One SavorOne Student Cash Rewards Credit Card?

The Capital One SavorOne Student Cash Rewards Credit Card may be a solid choice for students, especially if these benefits and features appeal to you:

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    Consumers who want to make purchases outside the United States since it doesn’t charge foreign transaction fees.

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    Each purchase made with this card gives you a 1% cash back minimum. Additionally, you'll get 3% cash back on specific categories and purchases.

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EXPERT OPINION

If you plan to hold this card for several years and spend regularly on the card, the Capital One SavorOne Student Cash Rewards Credit Card will likely net a higher cash back return. If you only want to have the card for a short time to possibly upgrade to a different credit card, the Chase Freedom® Student credit card may be a better choice because of the $50 welcome bonus.

Other Helpful Decision-Making FAQs

Selecting a student credit card might be challenging. MoneyGeek addresses some commonly asked questions to assist you in better understanding the Chase Freedom® Student credit card and Capital One SavorOne Student Cash Rewards Credit Card.

Still Not Sure About These Cards? Consider These Options

The Chase Freedom® Student credit card and the Capital One SavorOne Student Cash Rewards Credit Card are both excellent student credit cards. However, if you're seeking more ways to earn benefits, try obtaining other student rewards credit cards.

Learn more about credit cards in general

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity.
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