How Does LendingTree Get Paid?
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
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Capital One SavorOne Student Cash Rewards Credit Card Review

LendingTree's Review

How LendingTree Rates Credit Cards?

Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
4.9
Capital One SavorOne Student Cash Rewards Credit Card
Rewards Rate
3% Cash Back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®); 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply); 8% Cash Back on Capital One Entertainment purchases; 1% Cash Back on all other purchases
No Rotating Categories
No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
APR
19.99% - 29.99% (Variable)
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It was not reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Capital One SavorOne Student Cash Rewards Credit Card best for?

If you are a student looking to establish or build credit while earning cashback on every purchase, you may want to consider the Capital One SavorOne Student Cash Rewards Credit Card.

The card offers a generous cashback rate in popular spending categories, like dining, entertainment, select streaming services and groceries. Plus, because Capital One reports your credit usage to the major credit bureaus, you have the opportunity to build credit history with responsible card usage — meaning, staying well below your credit limit and paying your bill on time each month.

We should note, Capital One classifies a student as anyone currently enrolled, or admitted and planning to enroll in the next three months, at an accredited university, community college or other higher education institution.

If you’re concerned about what will happen to your Capital One SavorOne Student Cash Rewards Credit Card once you graduate from school, know that you can continue using the card as usual or upgrade to a non-student card, such as the Capital One SavorOne Cash Rewards Credit Card.

To help you determine if the Capital One SavorOne Student Cash Rewards Credit Card is the right fit for you, we’ll highlight the card’s pros and cons, and show how it compares to similar student credit cards.

Capital One SavorOne Student Cash Rewards Credit Card overview

    • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), with 1% on all other purchases
    • Early Spend Bonus: Earn $50 when you spend $100 in the first three months
    • Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
    • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
    • Enjoy no annual fee, foreign transaction fees, or hidden fees
    • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
    • Earn up to $500 a year by referring friends and family when they're approved for a Capital One credit card
    • Earn 8% cash back on entertainment purchases when you book through the Capital One Entertainment portal
    • Build your credit with responsible card use
    • Whether you're at a 4-year university, community college or other higher education institution, this card might be an option for you
    • For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
  • Recommended Credit
    Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion
  • 600 660
    Limited / Fair
  • Earn a sign-up bonus
  • Access to premium experiences
  • Extended warranty
  • Travel accident insurance
  • 24-hour travel assistance services
  • $0 fraud liability for unauthorized charges
  • Ability to lock card

Intro Purchase APR

N/A

Regular Purchase APR

19.99% - 29.99% (Variable)

Intro BT APR

N/A

Regular BT APR

19.99% - 29.99% (Variable)

Annual Fee

$0

Cash Advance Fee

5% of the amount of the cash advance, but not less than $5

Foreign Transaction Fee

None

Balance Transfer Fee

Balance Transfer Fee applies to balances transferred at a promotional rate

*To see rates & fees for Capital One SavorOne Student Cash Rewards Credit Card, please click here.

Pros and cons

  • Rewards rate
  • Earn a sign-up bonus
  • $0 annual fee
  • Foreign transaction fees: None
  • High APR
  • No intro APR on purchases or balance transfers

What we like about the Capital One SavorOne Student Cash Rewards Credit Card

  • Sign-up bonus

    The Capital One SavorOne Student Cash Rewards Credit Card allows cardholders to earn $50 Cash Back when you spend $100 in the first three months.

  • Rewards rate

    The Capital One SavorOne Student Cash Rewards Credit Card offers a generous cashback rate in a variety of popular spending categories for students. Cardholders earn 3% Cash Back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®); 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply); 8% Cash Back on Capital One Entertainment purchases; 1% Cash Back on all other purchases.

    Rewards never expire and can be redeemed for checks, statement credits and gift cards, or be applied to directly cover a recent purchase.

    Note, while statement credits lower your account balance, they cannot be used to meet minimum payment obligations.

  • Annual fee

    The Capital One SavorOne Student Cash Rewards Credit Card charges a $0 annual fee (see rates & fees).

  • Foreign transaction fees: None

    With the Capital One SavorOne Student Cash Rewards Credit Card, you won’t be charged additional fees to use your card outside of the U.S. — which is ideal for those planning to study abroad or take a trip outside of the county (see rates & fees).

What to watch out for with the Capital One SavorOne Student Cash Rewards Credit Card

  • High APR

    If you carry a balance on your Capital One SavorOne Student Cash Rewards Credit Card from month to month, you will be subject to high interest charges at an APR of 19.99% - 29.99% (variable)
    (see rates & fees). But that’s not uncommon for a student credit card.

Alternate student card

Compare it to the Bank of America® Customized Cash Rewards Credit Card for Students

| Disclosures
Bank of America® Customized Cash Rewards Credit Card for Students*
Bank of America® Customized Cash Rewards Credit Card for Students
Learn More
on Bank Of America's secure site
0% Intro APR for 15 billing cycles for purchases
19.24% - 29.24% Variable APR
$0
3% cash back in the category of your choice. 2% cash back
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
  • Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishings purchases.
  • No annual fee and cash rewards don’t expire as long as your account remains open.
  • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 19.24% - 29.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
  • When handled responsibly, a credit card can help you build your credit history, which could be helpful when looking for an apartment, a car loan, and even a job. Access your FICO® Score for free within Online Banking or your Mobile Banking app.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
660 720 850
Good / Excellent
*The information related to the Bank of America® Customized Cash Rewards Credit Card for Students has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

If you want the opportunity to earn an influx of cash back in a short amount of time, as well as have more control over which purchases earn an elevated rewards rate, the Bank of America® Customized Cash Rewards Credit Card for Students is a good option.

The $0 annual fee card offers a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.

Plus, cardholders earn 3% cash back in the category of your choice. 2% cash back at grocery stores and wholesale clubs for the first $2,500 in combined choice category/grocery store/wholesale club quarterly purchases. 1% cash back on all other purchases. Choice categories include gas, online shopping, dining, travel, drugstores and home improvement/furnishing.

Cash rewards can be redeemed for statement credit, deposited directly into a Bank of America® checking or savings account, or for credit to an eligible account with Merrill Lynch® or Merrill Edge®. Rewards can also be redeemed for a contribution to a qualifying 529 account with Merrill or for a check.

Additionally, if you need to finance a large purchase, such as school books or a laptop, you can do so without paying interest for over a year with the Bank of America® Customized Cash Rewards Credit Card for Students. On purchases, the card offers a 0% Intro APR for 15 billing cycles for purchases. After that, a 19.24% - 29.24% Variable APR applies.

Is the Capital One SavorOne Student Cash Rewards Credit Card right for you?

The Capital One SavorOne Student Cash Rewards Credit Card is a solid option for students who want to earn unlimited cashback rewards from a credit card, while also having access to useful benefits, like extended warranty and travel accident insurance. Additionally, cardholders are not limited to the amount of rewards they can earn at the 3% rate.

But if you need to make a large purchase and pay it off over time, the Bank of America® Customized Cash Rewards Credit Card for Students will be a better fit, since it offers an intro APR on purchases. Plus, the card offers a lucrative sign-up bonus and allows you to select which category you want to earn the higher cashback rate in.

Whichever card you choose, it’s imperative that you’re prepared to pay your bill on time each month and keep your balance well under your credit limit to avoid negatively impacting your credit and to avoid hefty interest charges.

apply-now-icon Apply Now
on Capital One's secure site
Rates & Fees
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.