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Capital One's two new credit cards are the best for college students

Aug. 17, 2021
5 min read
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Capital One is giving college students more opportunities to build credit and earn valuable rewards at the same time. Today, the issuer has unveiled two new student cards that make them the best options for students on the market: The Capital One SavorOne Student Cash Rewards Credit Card and the Capital One Quicksilver Student Cash Rewards Credit Card.

The addition of these new cards crown Capital One as the student credit card champion, with three different cards to choose from. Offering more options than any other issuer on the market, none of these student cards charge annual fees. There's no minimum redemption amount, so get valuable cash-back rewards faster in your wallet. Finally, enjoy no foreign transaction fees on all of Capital One's student credit cards, perfect if you expect to study abroad during your four years.

Note that the two new cards are student versions of their premium rewards counterparts: the Capital One SavorOne Credit Card and the Capital One Quicksilver Cash Rewards Credit Card. These cards are merely identical, but they're targeted specifically toward students and will help you qualify even for those with little or no income and credit history.

Let's take a look at Capital One's student cards and help you decide which should be your first.

Capital One SavorOne Student Rewards Card

The SavorOne Student offers cardholders a limited-time offer of $100 when you spend $100 in the first three months and the chance to earn 10% cash back on Uber rides and Uber Eats purchases, 3% cash-back rewards on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart® and Target®) and 1% on everything else. The chance to earn bonus points on these four popular categories is huge, especially for students with an active lifestyle.

Also, cardholders can receive a complimentary Uber One membership by paying for it with their card and then being reimbursed. This benefit is available through Nov. 14, 2024, offering unlimited $0 delivery fees on orders of $15 or more from restaurants or $30 or more from stores, plus 10% off eligible Uber Eats orders and up to 5% off eligible rides with Uber.

Official application link: Capital One SavorOne Student Rewards card

Capital One Quicksilver Student Rewards card

The Quicksilver Student offers a limited-time bonus of $100 when you spend $100 in the first three months and can earn cash back as follows: 10% back on Uber rides and Uber Eats purchases and 1.5% back on all purchases every day. If you live a busy lifestyle and don't have time to keep up with multiple bonus categories, earning a flat-rate 1.5% cash-back rate is a considerable advantage.

The Quicksilver Student card has the same benefit with Uber One, where cardholders can enroll for a membership, pay with their card and then be reimbursed for the monthly membership fee. This benefit runs through Nov. 14, 2024.

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Official application link: Capital One Quicksilver Student Rewards card

Journey Student Rewards from Capital One

(Photo by John Gribben for The Points Guy)

The Journey Student Rewards from Capital One isn't new, but it's a card that remains a solid option in the Capital One student cards portfolio. This card is best for students who want to build a strong foundation for their financial future: You'll earn 1% cash-back on all your purchases, but that rate gets elevated to 1.25% if you pay your bills on time.

Related: Full review of the Capital One Journey Student card

Official application link: Journey Student Rewards from Capital One

Which Capital One student credit card is right for you?

The three Capital One student cards are great for those attending a four-year university, community college or other higher education institution. No matter which card you choose, these cards all come with these great benefits:

  • No annual fee.
  • No foreign transaction fees.
  • No minimum for cash-back redemption.
  • Rewards don't expire as long as you keep your account open.
  • Be automatically considered for a higher credit line in as little as six months.
  • $0 fraud liability if your card is ever lost or stolen.
  • Set up Autopay to automatically make your payments every month.
  • Get exclusive Capital One access to exclusive experiences in sports, dining and entertainment.

With that in mind, which card is the best pick for you?

While this question depends on your spending habits, the SavorOne Student likely is the best option for most students. It offers a valuable 3% back on a variety of common purchase categories. I could see the Quicksilver Student being an excellent option for those who spend on purchases outside SavorOne's categories, such as textbooks or travel.

Related: Select Capital One cash-back cards now earn 10% back on Uber and Uber Eats purchases

Bottom line

The two new Capital One cards are exciting new options for students who are just starting out with building credit. As a recent college graduate myself, I would have appreciated these options as they offer high cash-back rewards that are much better than most student cards on the market. Plus, as you build your credit over time, you'll be able to qualify for TPG's top picks for travel rewards cards down the road.

Featured image by MARTIN-DM/GETTY IMAGES
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
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TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023