The Journey Student Rewards from Capital One excels at incentivizing good credit habits, a novel approach in this market segment. Cards like the Discover it Student Cash Back card are better in that regard.īecause there is a wide range of cards featuring cash back offers for students, if rewards are important to you, it’s a good idea to compare several cards and determine which one best matches your personal spending patterns. It’s not for students who want to earn extra cash back in bonus categories such as groceries or gas. It also offers strong security features and easy ways to increase the credit line and build good credit. The Journey Student Rewards from Capital One is an excellent option for college students looking for a basic cash back rewards card from a major issuer. As with most credit cards, particularly those with high APRs, it's best to pay the balance off in full each month and avoid interest charges altogether. Card issuers seek to offset the historically higher losses they experience with cardholders who have little or no credit history by charging them higher interest, which tends to be a common if unwelcome, feature. High APR: The annual percentage rate (APR) on this card, as with many student cards, is high by consumer card standards.Cash back earnings are capped at 1% regardless of category, although there is a 0.25% bonus each month for making on-time payments, meaning you'll most likely earn 1.25%. No bonus categories: There are no special spending categories, such as gas or groceries, that earn extra cash back rewards.Getting an automatic credit limit increase after the first six on-time payments is a nice feature. Quick credit limit increases: Student credit cards are designed to be the first step in building credit. Even better is the bonus for making on-time payments. Cash back offer on a student card: While not completely unusual, getting cash back on a student card is a decided plus.No foreign transaction fee: Without a foreign transaction fee, this is a perfect credit card to take on an international spring break vacation, a semester abroad, or a cross-border road trip.No annual fee: Having no annual fee eliminates the need to calculate whether the cash back you’ll receive will justify the fee.
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