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 card or the Capital One SavorOne Rewards for Students card. MoneyGeek examines the features of these two credit cards to assist you in determining which one is best for your student needs.
Compare these two big credit cards' features, fees, rewards, and expenses to see which one is best for your needs.
Capital One's SavorOne 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.
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 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.
A solid card with rewards students are sure to appreciate
The Capital One SavorOne Cash Rewards 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.
A great student credit card with high cash back on bonus categories
Using MoneyGeek's breakdown of the differences between the Chase Freedom Student vs. Capital One SavorOne Rewards For Students, you can evaluate which is the ideal student credit card for your situation.
Foreign Transaction Fee
The Capital One SavorOne Rewards 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 card has a 3% foreign transaction fee.
Winner: Capital One SavorOne Rewards
Welcome Bonus
The Capital One SavorOne Rewards for Students doesn’t have a welcome bonus. In comparison, the Chase Freedom Student gives a $50 incentive after your first purchase within three months.
Winner: Chase Freedom Student
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
Annual Fee
You will not be charged an annual fee from either card.
Winner: Tie
It's critical to analyze your status and needs while deciding between the Chase Freedom Student and Capital One SavorOne Rewards for Students credit cards.
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.
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.
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.
The Capital One SavorOne Rewards for Studentscard may be a solid choice for students, especially if these benefits and features appeal to you:
Consumers who want to make purchases outside the United States since it doesn’t charge foreign transaction fees.
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.
If you plan to hold this card for several years and spend regularly on the card, the Capital One SavorOne Rewards for Students 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 may be a better choice because of the $50 welcome bonus.
Selecting a student credit card might be challenging. MoneyGeek addresses some commonly asked questions to assist you in better understanding the Chase Freedom Student card and Capital One SavorOne Rewards card.
The Chase Freedom Student Credit Card and the Capital One SavorOne Rewards for Students 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.
Capital One Quicksilver Rewards
American Express Marriott Bonvoy Business Card
Capital One Quicksilver Student Rewards
American Express Delta SkyMiles Gold Card
Bank of America Premium Rewards Card
Chase Ink Business Preferred
PenFed Power Cash Rewards Visa Signature Card
Mastercard Titanium Card
Disney Premier Visa Card
Chase Ink Business Unlimited
Chase Sapphire Reserve
Chase Marriott Bonvoy Bold
American Express Delta SkyMiles Platinum Business Card
Chase British Airways Visa Signature
U.S. Bank Altitude Connect Visa Signature Card
American Express Delta SkyMiles Platinum Card
Credit One Bank Platinum Rewards Visa
Chase Southwest Rapid Rewards Performance Business
Jasper Mastercard
American Express Delta SkyMiles Reserve Business Card
Chase Southwest Rapid Rewards Plus
Navy Federal Visa cashRewards Card
American Express Delta SkyMiles Reserve Card
Capital One Spark Cash Plus
Chase Southwest Rapid Rewards Premier
Capital One Spark Miles
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Capital One Spark Cash Select
