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- Capital One SavorOne Student Cash Rewards Credit Card
Great no-annual-fee student card with generous cash back rewards
- 1% to 10% cash backRewards Rate
- 19.99% to 29.99% VariableAPR
- $0Annual Fee
- Limited–FairRecommended Credit
The Capital One SavorOne Student Cash Rewards Credit Card is a gem for today's spender. From dining out to streaming shows or grocery runs, it rewards consistently. Its Uber perks, entertainment returns and a noteworthy introductory bonus add to its charm. And, if you lose your card, you can swiftly lock it with Capital One's Mobile app. Boasting robust security, no hidden costs and enticing rewards, this card's daily advantages are clear. While it's prudent to familiarize yourself with the pros and cons of this card, its overall strengths make it a worthy addition to your wallet.
Capital One SavorOne Student Cash Rewards Credit Card Overview
When choosing a credit card, it's imperative to critically assess its features, as these can significantly influence your spending habits and financial well-being.
- Rewards rate: Earn 10% back on Uber & Uber Eats purchases and receive Uber One membership credits until 11/14/2024. Earn 8% cash back on Capital One entertainment purchases. Earn 3% cash back on dining, entertainment, streaming and groceries, except at superstores like Walmart® and Target®. Earn 1% cash back on all other purchases.
- Welcome offer: Earn $50 after spending $100 in your first three months.
- Regular APR: 19.99% to 29.99% (Variable)
- Annual fee: $0
- Foreign transaction fee: None
Important Card Details
Navigating the world of credit cards requires a keen understanding of their features, benefits and potential pitfalls. In our deep dive into the Capital One SavorOne Student Cash Rewards Credit Card, we unpack its offerings, ensuring you have a comprehensive grasp of its advantages and drawbacks.
Cash Back Rewards
Navigating student life often involves a blend of dining, streaming and grocery expenses. With the Capital One SavorOne Student Cash Rewards Card, you get a generous 3% cash back in these categories, which is a notch above many student cards. However, a notable exception is big superstores like Walmart® and Target®. For all other purchases, there's a constant 1% cash back rate. This means you're rewarded for virtually every purchase, from textbooks to takeout.
Welcome Bonus
The card’s early spend bonus is both attractive and easily achievable. By spending just $100 in the first three months — perhaps on textbooks or school supplies — you secure a $50 bonus. This can be a motivating starter incentive, especially for students getting their first credit card experience.
Fees
A major pain point for many credit card users is fees. Fortunately, this card boasts zero annual fees, making it cost-effective for students on tight budgets. Moreover, the absence of foreign transaction charges hints at the card being travel-friendly, perfect for students planning to study abroad or those who love online shopping from international sites. But it's essential to note the variable APR range of 19.99% to 29.99%: with this card, carrying a balance can become expensive.
Security Protections
Security is paramount in today's digital age. Misplacing a credit card can be stressful, but with the Capital One Mobile app, you can immediately lock your card, providing peace of mind. Additionally, the $0 Fraud Liability feature ensures you're shielded from unauthorized charges. So, even if your card falls into the wrong hands, you're not on the hook for their spending spree.
How the Capital One SavorOne Student Cash Rewards Credit Card Compares
When evaluating financial tools, a side-by-side comparison of two credit cards can provide a clear perspective on their advantages and limitations.
How This Card Compares
- Rewards rate: Earn 10% back on Uber & Uber Eats purchases and receive Uber One membership credits until 11/14/2024. Earn 8% cash back on Capital One Entertainment purchases. Earn 3% cash back on dining, entertainment, streaming and groceries, except at superstores like Walmart® and Target®. Earn 1% cash back on all other purchases.
- Welcome offer: Earn $50 after spending $100 in your first three months.
- Regular APR: 19.99% to 29.99% (Variable)
- Annual fee: $0
- Foreign transaction fee: None
- Best for: Students and young adults prioritizing diverse cash back, frequent Uber users and entertainment enthusiasts, as well as those wanting no annual or foreign transaction fees.
- Rewards rate: Earn 5% cash back on everyday essentials, like Amazon purchases, groceries, dining and fuel.
- Welcome offer: This card's Cashback Match™ feature means that, at the close of your first year, Discover will directly double the cash back you've accumulated.
- Regular APR: 18.24% to 27.24% Variable APR
- Annual fee: $0
- Foreign transaction fee: None
- Best for: Students seeking competitive cash back rates on daily essentials, a unique welcome bonus and no annual or foreign transaction fees.
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