Students who have limited credit histories and plan to travel overseas can benefit from Capital One’s Journey Student Credit Card. It comes with no annual fee and lets you earn unlimited 1% cash back.
Capital One Journey Student Rewards Review
The Journey Student Credit Card is best suited for students who are on the path to build their credit and wish to earn rewards along the way. While this card comes with a relatively high APR, you could still benefit from it if you don’t carry your balances from one month to the next. Not having to pay an annual fee helps, too. If you use this card outside of the U.S., you also stand to gain by paying no international transaction fees.
Card Details to Know Up Front
- Bonus, Fee or FeatureHas or Not
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel Rewards
Capital One Journey Student Rewards at a Glance
As long as you have good financial habits, you can make the Capital One Journey Student Rewards Card work well for you. This card is ideal for international use, and it lets you earn unlimited 1% cash back on all your purchases.
- Capital One Journey Student Rewards
Best student credit card with up to 1.25% cash back
- Limited–FairCredit Needed
- $0Annual Fee
- 1.25% Cash Back*Rewards Rate
- 1xRewards Rate on Online Shopping
- 1xRewards Rate on Groceries
Pros & Cons Explained
While the Journey Student Rewards Card's multiple benefits deserve your attention, it is important to take a look at its shortcomings too.
- Earn unlimited cash backAll the purchases you make come with 1% cash back, and there’s no cap on what you could earn. Plus, if your account doesn’t remain past due on the last day of the billing cycle, you earn an extra 0.25% cash back. If you spend an average of $600 every month and pay your bills on time, you stand to get $90 in one year.
- No foreign transaction feeUse this card outside of the U.S. without paying foreign transaction fees. In most cases, these amount to 3% on each transaction.
- Statement credits on streaming subscriptionsWhen you use this card and make timely payments toward your streaming subscriptions, you get a $5 credit per month. This applies for 12 months after the first eligible on-time payment.
- No annual feesYou pay no annual fee for the life of the card, though this feature is common with almost all the leading credit cards for students.
- High interest rateThe card comes with a 26.99% APR that applies to purchases, balance transfers and cash advances. The high APR on purchases can result in significant interest if you don’t pay your bill in full every month. Consider getting this card only if you can repay your balances in full each month. If you plan to carry forward your balances, consider the Chase Freedom Student Card, which has 14.99% APR on purchases.
- Lack of additional benefitsThe Journey Student Rewards Credit Card offers few additional benefits, be it through complimentary insurance coverage or travel perks. However, this is common with student cards as well as with no annual fee cards.
Bonuses & Rewards Explained
With the Capital One Journey Student Rewards Card, you earn 1% cash back on all purchases, and you get an extra 0.25% back if you make your monthly repayments on time. The card features unlimited cash back, and your rewards don’t expire as long as your account remains active. You can redeem your cash back rewards in a few different ways:
You can redeem your cash back in the form of a check or a statement credit.
You can set this up for a specific time of the year or when your cash back reaches a certain threshold.
Additionally, you can use your cash back to buy gift cards or as credit for previous purchases.
Other Features Explained
The Capital One Journey Student Rewards card has many other features and benefits, including:
- Card FeatureDescription
- Automatic credit line reviewCapital One analyzes your credit profile and determines if you qualify for a higher credit line in as little as six months.
- Set up autopayUse your card to set up automatic payments to go out from your account every month, and do away with the hassle of remembering due dates. You also get easy access to the list of merchants that charge your card monthly.
- Authorized userAdding an authorized user to your card is simple, as is tracking the user’s spending.
Ensure that your account is not past due on the last day of each billing cycle to maximize your cash back earning potential. By doing so regularly, you can increase what you earn from 1% to 1.25%.
Understanding the Fine Print
- Card FeatureAmount or Rate
- Annual Fee$0
- Cash Back Rewards
- Rewards Rate1.25% Cash Back*
- Airline Benefits
The Journey Student Rewards Credit Card comes with a fairly high variable APR of 26.99% that applies to purchases, balance transfers and cash advances. Additionally, balance transfers and cash advances start accruing interest from the date of the transaction. This APR may vary based on the prevailing prime rate published in The Wall Street Journal each quarter.
Cash Back Reward Rate
This card lets you get up to 1.25% cash back with no cap on the rewards you earn. If you spend $2,000 using this card, you stand to earn up to $25. With a card that offers 3% cash back, you would earn $60.
Balance Transfer APR and Fees
The variable APR that applies to balance transfers for this card is 26.99%. If you use this APR for a balance transfer, you pay no balance transfer fees. If you qualify for a promotional balance transfer APR at a later stage, a 3% fee on the transferred amount will apply. In this case, if you transfer $1,000, you'll end up paying $30 in balance transfer fees.
When comparing this card with other cards for students, pay close attention to the APR and all associated fees. If you're comparing it with a card you have, simply go through your last billing statement or check your card provider's website or app. Alternatively, find information through the credit card agreement database maintained by the Consumer Financial Protection Bureau (CFPB).
Who Should & Shouldn’t Consider Capital One Journey Student Rewards?
Other Considerations for Capital One Journey Student Rewards
Make a decision about whether or not you should apply for the Capital One Journey Student Rewards card after considering how you plan to use it going forward. This is because using it as your only card or along with other cards you have might have a bearing on eventual repercussions.
Things to Consider if This is Will Be Your First or Only Credit Card
If you plan to make this your first or only credit card, keep the high APR in mind when making purchases. This card’s high APR means you’ll end up paying a significant amount in interest if you roll your balances from one month to the next. If you plan to pay your balances before the end of each billing cycle, this card 一 with its unlimited cash back 一 might work well for you.
Things to Consider if This is Will Be an Additional Card in Your Wallet
As an additional card with no international transaction fees, the Journey Student Rewards card is ideal for use when traveling outside of the U.S. Not having to pay an annual fee and earning up to 1.25% cash back on all purchases are additional benefits, as are the statement credits on streaming subscriptions for 12 months.
However, you still need to account for the card’s high APR on purchases, especially if you don't plan to pay off your balances every month. We don’t advise using this card for transferring outstanding balances from other cards, given its high balance transfer APR.
We follow a well-defined and streamlined methodology when reviewing credit cards. The process includes collecting information from Consumer Finance Protection Bureau’s database, standardizing data points for easy comparison, estimating average spend profiles, determining long-term value and carrying out regular re-ranking.
How Capital One Journey Student Rewards Compares to Other Cards
This card holds its own against most other student cards because of its lack of annual and international transaction fees, as well as its high cash back rate. However, determining how it compares against other student cards essentially boils down to what you're looking for in a card.
Quick Comparison of the Capital One Journey Student Rewards Card
Capital One Journey Student Rewards
- Annual fee: $0
- Purchase APR: 26.99%
- International transaction fee: $0
- Cash back rate: Up to 1.25%
- Mini Verdict: Best suited for students who plan to travel overseas.
Chase Freedom Student
- Annual fee: $0
- Purchase APR: 14.99%
- International transaction fee: 3% of each transaction
- Cash back rate: 1%
- Mini Verdict: Ideal for students who plan to maintain revolving balances.
Other Helpful Decision-Making Q&As
Here are answers to some frequently asked questions about the Capital One Journey Student Rewards Credit Card that might help you arrive at a decision.
Still not sure about this card? Consider these options.
If you're unsure about how well this card might work for you, consider taking a look at what some of the other leading cards for students have to offer. If you're not looking for a student card, you might be better off with a rewards card or a balance transfer card.
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