Why I recommend the Capital One Savor Student Cash Rewards Credit Card
Editor's Note
As a young adult and student who writes and talks about credit cards nonstop, I often get many questions about their significance and value from my peers. Typically, I first explain the lasting benefits of building credit. Applying for your first credit card at a young age allows you to establish your credit history early, giving it more years to mature.
The length of credit history makes up 15% of your FICO score, a pretty significant portion that can be easily strengthened by establishing credit early in life. And if you later apply for a loan or mortgage, you will likely benefit from a higher credit score by having a longer credit history.
I am often asked, "What is the best card to apply for?" For college-aged students, my reply is usually the Capital One Savor Student Cash Rewards Credit Card. While this card frequently flies under the radar for students compared to the Discover it® Student Cash Back Card, here is why I recommend the student version of the classic Capital One Savor Cash Rewards Credit Card.
The information for the Discover it Student Cash Back Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Related: The best credit cards for college students
Great everyday spending rewards categories
Compared to the lack of rewards offered by debit cards, students are often thrilled to get 1% back on their purchases with a credit card. While I always advise trying to get at least 2% back on purchases — which is easily achievable with cards like the Citi Double Cash® Card (1% when you make a purchase and another 1% when you pay it off; see rates and fees) — some people with limited credit histories may not be approved for a card with a higher earning rate.
Comparatively, the Savor Student card offers unlimited 3% cash back on dining, groceries (excluding superstores like Walmart® and Target®), entertainment and popular streaming services, which is almost unheard of for student credit cards and is better than many nonstudent cards. As a student, I know that most of my budget goes toward restaurants and activities, which perfectly match these categories. Additionally, the card offers 1% cash back on purchases that do not fall within these categories.
Dining includes everything from fancy restaurants to the fast-food drive-through at midnight. Additionally, entertainment covers football games, other event tickets and even playing a round of golf. Add in grocery store purchases and streaming services, and I can imagine that many students with this card would earn 3% back on the majority of their day-to-day spending.
Related: Credit vs. debit cards: Which is the smarter choice?
Easy-to-earn welcome bonus
The TPG community loves a good welcome bonus, especially thousands of points with one new card. However, these welcome bonuses can be out of reach for many students since they sometimes require $5,000 or more in spending within three months.
The bonus for the Savor Student card is much more attainable. This card offers a $50 cash bonus after spending $100 on purchases in the first three months from account opening.
Related: Credit card welcome bonuses you can earn with $1,000 or less in spending
No annual fee or foreign transaction fees
The last thing a student wants to worry about with expensive tuition and a tight budget is paying an annual fee. Luckily, the Savor Student has no annual fee, making it easy to continue earning rewards without a yearly fee.
Additionally, you won't incur any foreign transaction fees when you use the card. This means that when studying abroad in Europe or on spring break in Mexico, you won't need to worry about fees being added to every purchase you make.
No foreign transaction fees are a great and less common benefit among credit cards with no annual fees, let alone on a card for individuals with less credit history. This should not be ignored.
Related: Foreign transaction fees: Everything you need to know
Easy-to-use rewards
Some credit cards make it difficult to redeem their rewards, but this is not the case for the Savor Student card. For starters, rewards do not expire for the life of the account. Rewards can be redeemed for cash, used directly against your balance to reimburse a recent purchase from your bill or redeemed for travel using the Capital One Travel portal.
Down the road, once a longer credit history has been established — and one has a higher credit score — adding another Capital One credit card, such as the Capital One Venture Rewards Credit Card or the Capital One VentureOne Rewards Credit Card, would allow students to convert their cash-back rewards to miles.
These miles can then be transferred to one of the card's 15-plus airline or hotel partners to book travel. This method may require more effort, but it can increase the value of the rewards, as TPG's October 2024 valuations peg Capital One miles at 1.85 cents compared to the 1-cent cash back on the Savor Student card.
Related: Cashing in Capital One miles? How to get the maximum value when redeeming miles
Bottom line
The Capital One Savor Student Cash Rewards Credit Card is an excellent all-around card. Its bonus categories perfectly match many students' spending habits and rival nonstudent cards for individuals with a more developed credit score.
In addition to no annual or foreign exchange fees and an easy-to-earn welcome bonus, this card comes with some of the typical benefits you may not find on debit cards. These include $0 fraud liability on unauthorized charges, extended warranty protection and price protection.
In order to start building credit, I always advise students to apply for their first card as early as possible (after making sure they know how to handle a credit card responsibly), and my pick for their first card is the Savor Student card.
Related: 8 things you should know before applying for a credit card in college
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
TPG featured card
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| 3X | Earn 3X Miles on Delta purchases. |
| 1X | Earn 1X Miles on all other eligible purchases. |
Pros
- Delta SkyClub access when flying Delta
- Annual companion ticket for travel on Delta (upon renewal)
- Ability to earn MQDs through spending
- Various statement credits for eligible purchases
Cons
- Steep annual fee of $650
- Other Delta cobranded cards offer superior earning categories
- Earn 100,000 Bonus Miles after you spend $6,000 or more in purchases with your new Card within the first 6 months of Card Membership and an additional 25,000 bonus miles after you make an additional $3,000 in purchases on the Card within your first 6 months, starting from the date that your account is opened. Offer Ends 04/01/2026.
- Delta SkyMiles® Reserve American Express Card Members receive 15 Visits per Medallion® Year to the Delta Sky Club® when flying Delta and can unlock an unlimited number of Visits after spending $75,000 in purchases on your Card in a calendar year. Plus, you’ll receive four One-Time Guest Passes each Medallion Year so you can share the experience with family and friends when traveling Delta together.
- Enjoy complimentary access to The Centurion® Lounge in the U.S. and select international locations (as set forth on the Centurion Lounge Website), Sidecar by The Centurion® Lounge in the U.S. (see the Centurion Lounge Website for more information on Sidecar by The Centurion® Lounge availability), and Escape Lounges when flying on a Delta flight booked with the Delta SkyMiles® Reserve American Express Card. § To access Sidecar by The Centurion® Lounge, Card Members must arrive within 90 minutes of their departing flight (including layovers). To access The Centurion® Lounge, Card Members must arrive within 3 hours of their departing flight. Effective July 8, 2026, during a layover, Card Members must arrive within 5 hours of the connecting flight.
- Receive $2,500 Medallion® Qualification Dollars with MQD Headstart each Medallion Qualification Year and earn $1 MQD for each $10 in purchases on your Delta SkyMiles® Reserve American Express Card with MQD Boost to get closer to Status next Medallion Year.
- Enjoy a Companion Certificate on a Delta First, Delta Comfort, or Delta Main round-trip flight to select destinations each year after renewal of your Card. The Companion Certificate requires payment of government-imposed taxes and fees of between $22 and $250 (for itineraries with up to four flight segments). Baggage charges and other restrictions apply. Delta Basic experiences are not eligible for this benefit.
- $240 Resy Credit: When you use your Delta SkyMiles® Reserve American Express Card for eligible purchases with U.S. Resy restaurants, you can earn up to $20 each month in statement credits. Enrollment required.
- $120 Rideshare Credit: Earn up to $10 back in statement credits each month after you use your Delta SkyMiles® Reserve American Express Card to pay for U.S. rideshare purchases with select providers. Enrollment required.
- Delta SkyMiles® Reserve American Express Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
- With your Delta SkyMiles® Reserve American Express Card, receive upgrade priority over others with the same Medallion tier, product and fare experience purchased, and Million Miler milestone when you fly with Delta.
- Earn 3X Miles on Delta purchases and earn 1X Miles on all other eligible purchases.
- No Foreign Transaction Fees. Enjoy international travel without additional fees on purchases made abroad.
- $650 Annual Fee.
- Apply with confidence. Know if you're approved for a Card with no impact to your credit score. If you're approved and you choose to accept this Card, your credit score may be impacted.
- Terms Apply.
- See Rates & Fees