Journey Student Rewards from Capital One
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Journey Student Rewards from Capital One is a decent credit card for those just starting to build credit. It offers a flat rewards rate that we tend to value above rotating categories, but you’ll probably earn less with this card than with other student credit cards that offer rewards.
Oh, and that annual percentage rate is frightening if you don’t pay your balance in full each month.
In the right hands, Journey Student Rewards isn’t a bad choice.
In the pro column, there’s no downside to earning 1% cash back on spending. You’ll also get rewarded for good payment behavior. Make an on-time payment and get an extra boost for a total reward of 1.25% cash back for the month. Keep making those on-time payments for the first five months, and you could qualify for a higher credit line.
Pair this A+ behavior with a balance well below your card’s max-out level and you could end up raising your overall credit score — a worthy goal for anyone just starting out.
And since Journey Student Rewards doesn’t charge foreign transaction fees, it could be a great card for students who travel or study abroad.
Keep in mind that just because the card has “student” in the title doesn’t automatically mean it’s a fit for anyone who’s matriculating. If you do your homework, you’ll see that both the Discover it Chrome for Students and the Discover it for Students offer better rewards.
You may also qualify for a lower APR with those cards. Journey Student Rewards charges a high 24.99% variable APR. That’s the con column.
Who should get this card
Anyone who wants a low-maintenance credit card that awards cash back and rewards good payment behavior should consider Journey Student Rewards.
Fees and APR
- This card has a variable APR of 24.99%.
- You’ll pay no annual fee.
- There are no foreign transaction fees on purchases made outside the U.S.
Extras, perks and using rewards
This card comes with Visa Platinum benefits, which includes 24-hour travel assistance, extended warranty protection, and auto rental and travel accident insurance.
Since this card is issued through Capital One Bank, cardholders can access and track their credit scores for free using the CreditWise online tool.
You can redeem rewards through the Capital One website as a statement credit or request a check to be mailed. There is no cap on the amount of rewards you can earn and they never expire as long as the account is open and in good standing.
How this card compares
The Discover it for Students is a card designed for young adults, but one that has had its training wheels removed. Unlike many student cards, this one comes with few fees, a low annual percentage rate for qualified cardholders and generous rewards. This is one of the very best credit cards for college students.
The Discover it Chrome for Students has the same rates and perks as the Discover it for Students but instead of rotating bonus categories, it pays 2% back on gas and restaurants, up to $1,000 per quarter, and an unlimited 1% on everything else. Although this might make it attractive to some, the rewards potential is greater with the Discover it for Students card.
If you know you can use a credit card responsibly (which means paying your bill on time every month) you may as well be rewarded for doing so. The Citi Thank You Preferred Card for College Students offers top rewards, but doesn’t offer much flexibility for cardholders who pay late or who carry a balance.