Reviews

Capital One SavorOne Student Cash Rewards Credit Card Review: Maximizing Student Rewards

Unbeatable 3% student cash back, with $0 fees & credit building.

Rickie C. Keys, Ph.D., MPH

23 Mar 2024 — 2 min read

Features

Cash Back: Unlimited 3% cash back on dining, entertainment, popular streaming services, grocery stores (excluding big-box retailers like Walmart and Target), plus 1% on all other purchases.
Early Spend Bonus: A $50 bonus after spending $100 within the first three months, an attainable goal for many students.
Uber & Uber Eats Benefits: Enjoy 10% cash back on these services and complimentary Uber One membership statement credits through 11/14/2024, catering to the student lifestyle.
APR: A variable APR of 19.99%-29.99%, the standard for student cards, emphasizing the importance of responsible spending.

Benefits

No Fees: $0 annual fee and no foreign transaction fees, making it a cost-effective choice for students studying abroad.
Fraud Protection: Offers $0 Fraud Liability, ensuring you're not held responsible for unauthorized charges.
Travel Rewards: Earn 5% cash back on hotels and rental cars booked through Capital One Travel, extending value beyond everyday spending.
Credit Building: Reports to the three major credit bureaus, supporting a positive credit history with responsible use.
Referral Bonus: Opportunity to earn up to $500 annually through referrals, encouraging community and financial literacy among peers.

Drawbacks

Eligibility Restrictions: Not accessible to all students, especially international ones without a Social Security or Taxpayer ID.
Credit History Required: Some credit history is needed, making it less attainable for students with no credit.
High APR Range: The 19.99%-29.99% Variable APR can be costly if you carry a balance.

Product Summary

The Capital One SavorOne Student Cash Rewards Credit Card emerges as a standout option for students seeking to maximize their spending rewards. It offers a comprehensive financial tool with no annual fee, expansive cash-back categories, and a series of perks tailored to student life. From earning rewards on nearly every aspect of college life to providing a seamless transition into post-grad financial management, this card facilitates immediate spending benefits. It lays the groundwork for responsible credit use. Its blend of rewards, protections, and growth opportunities positions it as more than just a student credit card—it's a lifelong financial companion that grows with you from the classroom to beyond.

Apply Now!

Insurance: Protecting Your Financial Future

Introduction Insurance is essential for protecting yourself and your family from unexpected financial burdens. This blog post will guide you through understanding different types of insurance and choosing the right policies and strategies to manage insurance costs effectively. By the end, you’ll have the knowledge to secure your financial

Identity Theft: Safeguarding Your Financial Future

Introduction Identity theft is a growing concern in our digital age, and protecting your personal information is essential to safeguarding your financial future. This blog post will guide you through best practices for protecting your identity, monitoring for identity theft, and recovering if your identity is stolen. By the end,

Home Ownership: A Journey to Financial Security

Introduction Owning a home is a significant financial milestone and a key component of financial security. This blog post will guide you through home-buying, managing home expenses, and exploring real estate investment opportunities. By the end, you’ll have the knowledge to make informed decisions about home ownership and build

Creating Wealth: Strategies for Long-Term Financial Success

Introduction Building wealth involves making informed investment decisions and understanding the long-term strategies that can lead to financial success. This blog post will guide you through different types of investments, the importance of risk and diversification, and key strategies for creating wealth. By the end, you’ll have the knowledge