Compare it to the Discover it® Student Cash Back
If earning a higher cashback rewards rate than what’s offered by the Journey Student Rewards from Capital One, another popular student credit card to consider is the Discover it® Student Cash Back. It earns 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically.
As long as your spending patterns match up well with the 5% categories and you don’t mind having to manually activate the new categories each quarter, you can earn significant value from the Discover it® Student Cash Back. Plus, there’s a unique sign-up bonus for new cardmembers: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
Finally, a nice feature of the Discover it® Student Cash Back is that it offers a Good Grades Reward in the form of an annual $20 statement credit. You’re eligible for this reward every school year that your GPA is 3.0 or better, for up to five consecutive years.
However, if you plan to travel abroad with the card, know that the Journey Student Rewards from Capital One is a Visa — and Visa tends to be more widely accepted abroad than Discover. So, if you’re planning to travel, the Journey Student Rewards from Capital One might be a better choice.