Capital One’s Journey Student Credit Card could be a good option for consumers looking to establish or improve their credit. And despite its name, it is accessible to everyone, whether they are students or not.
It has no annual fee and offers 1% cash back for every purchase, with a small bonus to reward on-time payments. If you’re looking for an easy way to build credit and earn rewards, this isn’t a bad choice.
And for students who want to study abroad, the card has no foreign transaction fees.
Intro Balance Transfer APRN / A
Balance Transfer Fee $0 to this transfer APR
APR balance transfer26.99% (Variables)
Late payment fees Up to $40
Foreign transaction fees Nothing
APR Penalty Nothing
- Earn 1% cash back on all your purchases. Pay on time to increase your cash back to a total of 1.25% for that month
The Journey Student Card offers students the opportunity to earn a small return on their spending while building their credit.
Cardholders will earn slightly enhanced rewards as long as they pay on time, helping to reinforce positive habits. There is an autopay feature that cardholders can take advantage of to ensure they don’t miss out on the extra rewards.
It also has a few perks that all students can get, like a $60 streaming credit (in the form of a $5 statement credit once a month) and a faster path to a bigger line of credit. .
Advantages
- Improve or create credit
- Encourages responsible habits
- $60 streaming credit
- No annual fee
- Check your credit score VantageScore 3.0
The inconvenients
Why choose the Journey Student card?
The Journey Student card is quite simple. Use it on every purchase to earn 1.25% cash back (provided cardholders pay their bills on time).
Redeem rewards
Rewards can be redeemed for:
- Reporting Credits
- Check by mail
- Gift cards
Redeeming for statement credits will be the quickest and easiest choice. Capital One has an app that can be used to redeem cardholder rewards. cardholders can set their rewards to be automatically redeemed at specific intervals, or enter and redeem rewards manually.
Rewards do not expire and there is no limit to the amount cash back cardholders can earn.
Card benefits
The Journey Student Card comes with a few basic, yet useful benefits. Monitor your VantageScore 3.0 credit score, gain faster access to a potential line of credit boost, and students will no doubt appreciate the $60 streaming credit for all their binge-watching needs.
- $60 streaming credit: cardholders receive a $5 statement credit for eligible streaming services for 12 months, after the first on-time payment.
- Automatic line of credit review: Automatically get a higher line of credit in less than six months.
- Eno, 24/7 digital assistant: Access to Capital One’s digital assistant to help manage your account. Check your balance, view recent transactions, pay the bill, and more.
- Capital One’s CreditWise: Keep an eye on your VantageScore 3.0 credit score, from your TransUnion credit report. This is available to everyone, not just Capital One cardholders
- Virtual card numbers: Secure your online purchases by using a virtual card number.
- $0 Fraud Liability: cardholders will not be liable for any unauthorized charges to their account.
- Emergency card replacement: Get a replacement card if yours is lost or stolen.
How to register
You can apply directly on the Capital One website. Complete an application with the required information and Capital One will respond instantly with its decision in most cases.
The Journey Student card is issued as a Visa card, so it can be used anywhere Visa is accepted.
What is considered an eligible streaming service?
Cardholders can use streaming credit for all major streaming services. These include Hulu, Netflix, HBO Max, Disney+, Prime Video, Amazon Music Unlimited, Spotify, Pandora, etc.
Cardholders are eligible for streaming credit after their first on-time payment. It will appear in your account each month as a $5 statement credit.
Are there any fees I should know about?
In addition to the standard late payment fee (in this case, up to $40), there is a 3% balance transfer fee and a cash advance fee of $10 or 3% of the amount of each cash advance, whichever is greater.
But the card has no annual fees or foreign transaction fees. The visa is also widely accepted overseas, so you shouldn’t encounter any acceptance issues when traveling.
Is this the right card for you?
The Capital One Journey Student Credit Card offers cardholders an easy way to build credit and get a small return on their spending.
Use it for everyday purchases like gas and groceries, and occasional late-night meal excursions. Although the returns are relatively low, it is better than what some student cards offer. And if you subscribe to a lot of streaming services, getting $5 back every month for a year won’t hurt.
For students who want to learn how to use a credit card responsibly, this is a good place to start. This will reward you for paying on time and help you build the necessary habits before moving on to cards that require a little more know-how.
What’s the bottom line?
If you’re new to the world of credit cards, the Journey Student card is a good place to start. You can earn rewards and learn responsible habits by getting a small bonus for paying on time.
While the perks aren’t fantastic, there’s a $60 streaming credit, and you can keep tabs on any of your credit scores. And, having early access to a potential credit limit increase will help keep your credit utilization lower and, in turn, improve your credit scores.
It’s a simple card to use and a great way to learn about credit cards while building better credit. Pay on time, reap the rewards, and once your credit is in the good or excellent range, consider upgrading to bigger cards that offer more.
Are there other credit cards worth considering?
Not impressed with Capital One’s Journey Student Card? Consider them instead.
Find out about Student Cash Back: One of the best credit cards available to students. There’s no annual fee, and cardholders earn 5% cash back for rotating categories (up to $1,500 spent, then 1%; activation required). There is also a small bonus for getting good grades.
Personalized Bank of America Cash Rewards Card for Students: Cardholders can choose which purchases they want to earn rewards for. Choose a 3% cash back category on top of earning 2% cash back at grocery stores and wholesale clubs (up to $2,500 in combined spend per quarter, then 1% cash back ).
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