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

Aug 17, 2021

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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.

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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.

In This Post

Capital One SavorOne Student Rewards Card

The SavorOne Student offers cardholders  a limited time offer of $100 when you spend $100 in first three months and the chance to earn 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 who have an active lifestyle.

Cardholders will also earn 8% cash-back rewards on Vivid Seats — a platform where you can buy tickets for concerts, sports and theater.

Official application link: Capital One SavorOne Student Rewards card

Capital One Quicksilver Student Rewards card

The Quicksilver Student offers a limited time offer of $100 when you spend $100 in the first three months and 1.5% cash 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.

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

Another incentive to pay on time is that you’ll get up to $60 in streaming service subscription credit each year when you pay your bill on time. That’s broken down into $5 monthly credits for 12 months, a great way to offset your Spotify or Netflix subscription.

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. The Journey card is still a compelling option for the up to $60 annual streaming service credit, a rare offering for a card with no annual fee.

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 photo by John Gribben for The Points Guy.

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,600

CARD HIGHLIGHTS: 3X points on dining and 2x points on travel, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Regular APR
16.24% - 23.24% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.