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Capital One SavorOne Student Cash Rewards Credit Card

Capital One SavorOne Student Cash Rewards Credit Card

Capital One SavorOne Student Cash Rewards Credit Card

Rewards
3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats
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
15.24% - 25.24% (Variable)
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been 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. Plus, earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats
    • Limited Time Offer: Earn $100 when you spend $100 in the first three months
    • Enjoy no annual fee, foreign transaction fees, or hidden fees
    • 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
    • You can help build your credit with responsible use of a card like this
    • Be automatically considered for a higher credit line in as little as 6 months
    • 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
    • Whether you're at a 4-year university, community college or other higher education institution, this card might be an option for you
  • Credit needed:
    540 679
    average-fair-limited
  • Access to premium experiences
  • Extended warranty
  • Travel accident insurance
  • 24-hour travel assistance services
  • Virtual card numbers and account alerts from Eno
  • Access to CreditWise
  • $0 fraud liability
  • Ability to lock card

Intro Purchase APR

N/A

Regular Purchase APR

15.24% - 25.24% (Variable)

Intro BT APR

N/A

Regular BT APR

15.24% - 25.24% (Variable)

Annual Fee

$0

Cash Advance Fee

3% of the amount of the cash advance, but not less than $10

Foreign Transaction Fee

None

Balance Transfer Fee

$0 at this Transfer APR

Pros and cons

Pros

  • Rewards rate
  • $0 annual fee
  • Foreign transaction fees: None

Cons

  • No sign-up bonus
  • High APR

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

  • 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 and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats.

    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.

  • 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.

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

  • No sign-up bonus

    While the Capital One SavorOne Student Cash Rewards Credit Card allows cardholders to earn a decent amount of cashback rewards in a variety of spending categories, it does not offer a sign-up bonus.

    If you want the opportunity to earn an influx of cashback rewards in a short period of time, you may want to consider the Bank of America® Customized Cash Rewards Credit Card for Students instead (more details below).

  • 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 15.24% - 25.24% (variable). 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

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 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening.

Plus, cardholders earn 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishing. 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 a year with the Bank of America® Customized Cash Rewards Credit Card for Students. On purchases, the card offers a 0% introductory APR for the first 15 statement closing dates After that, a regular APR of 14.24% - 24.24% Variable variable applies.

Compare the Capital One SavorOne Student Cash Rewards Credit Card to similar cards

Comparison of four different credit cards
Capital One SavorOne Student Cash Rewards Credit Card Bank of America® Customized Cash Rewards Credit Card for Students Discover it® Student Cash Back Journey Student Rewards from Capital One
Capital One SavorOne Student Cash Rewards Credit Card Bank of America® Customized Cash Rewards Credit Card for Students Discover it® Student Cash Back Journey Student Rewards from Capital One
Apply Now
on Capital One's secure site
Read Review
Apply Now
on Discover's secure site
Apply Now
on Capital One's secure site
Welcome Offer
N/A $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening 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. No bonus
Rewards Rate
3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishing. 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. Plus, earn unlimited 1% cash back on all other purchases – automatically 1% Cash Back on all purchases; 0.25% Cash Back bonus on the cash back you earn each month you pay on time; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply)
Annual Fee
$0 $0 $0 $0
Intro Purchase APR
N/A 0% introductory APR for the first 15 statement closing dates 0% Intro APR for 6 months on purchases N/A
Regular APR
15.24% - 25.24% (Variable) 14.24% - 24.24% Variable 13.24% - 22.24% Variable APR 26.99% (Variable)
Recommended Credit
average-fair-limited good fair-limited average-fair-limited
Card Details
Capital One SavorOne Student Cash Rewards Credit Card Bank of America® Customized Cash Rewards Credit Card for Students Discover it® Student Cash Back Journey Student Rewards from Capital One

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
on Capital One's secure site