A credit card is a must have for any consumer these days. With it, you can easily buy whatever you like without the hassle of having to carry cash.
With the Capital One SavorOne Student Cash Rewards card, students have the chance to earn rewards in categories where they are likely to spend their money: 3% cashback on dining, entertainment, popular streaming services, and grocery stores (excluding superstores like Walmart and Target), 5% cash back on hotels and rental cars reserved through Capital One Travel, 8% cash back on Capital One Entertainment transactions and tickets at Vivid Seats, and 1% cash back on all other items purchased.
The card is a wonderful option for students who are studying abroad or from other countries because it has no yearly cost and no foreign transaction charges.
Additionally, by maintaining the reward card clear with an automatic cash back redemption procedure and no spending caps, seasonal categories, or activation periods to think about, the SavorOne Student keeps the Capital One spirit. Since students can try to upgrade to the relatively similar complete Capital One SavorOne Cash Rewards Credit Card once they graduate, this simplified concept provides both outstanding beginner’s value while new cardholders gain some experience and lots of long-term value.
Benefits of a Capital One Credit Card
- Competitive Cash Back Perks
The Capital One SavorOne Student Cash Incentives Credit Card offers rewards at a whole new level compared to even the top student credit cards. It does not only offer a competitive 3 percent cash back return on bonus purchases, but it also achieves that rate in the four categories listed below:
- Grocery stores
- No annual fee
The best feature of a student card is that there is no annual charge, so you can keep your account active even after you graduate. Active accounts will start to age over time, lengthening your overall credit history, which is used for the computation of your credit score.
- Extended warranty
On qualified products made with the card, the Capital One SavorOne Student Cash Rewards Credit Card instantly doubles the warranty provided by the manufacturer or store.
- Capital One CreditWise
A free service that provides credit and identity theft monitoring is Capital One CreditWise. Everyone can sign up for it; you don’t need the Capital One SavorOne Student Cash Rewards Credit Card. However, it’s a useful tool, particularly if you’re a student who is just getting started with credit and wants to keep track of changes to your credit rating.
- Redeeming Rewards
SavorOne Student incentives can be claimed in a variety of ways, including cash, Amazon.com payments, gift cards, and PayPal transactions. Rewards collected with the SavorOne Student don’t really expire for the duration of the account. Additionally, CapitalOneTravel.com lets you use your earnings toward a vacation.
Card Application Requirements
To apply for the Capital One SavorOne Student Cash Rewards Credit Card, ensure you meet the following requirements:
- Student Status:
- You must be a current student to be eligible for this credit card.
- Age Criteria:
- Applicants should be at least 18 years old.
- Income Information:
- Provide details about your income, including any part-time job or allowances.
- Credit History:
- A fair credit history may be required for approval.
- Residential Information:
- Submit your current address and contact details.
- Social Security Number:
- A valid Social Security number is necessary for verification purposes.
- Legal Residency:
- You must be a legal resident of the United States.
How to Apply for the Capital One SavorOne Student Cash Rewards Credit Card
Follow these steps to successfully apply for the Capital One SavorOne Student Cash Rewards Credit Card:
- Visit the Capital One Website:
- Go to the official Capital One website to access the credit card application page.
- Choose the SavorOne Student Card:
- Navigate to the credit card section and select the Capital One SavorOne Student Cash Rewards Credit Card.
- Complete the Application Form:
- Fill in the required details, including personal information, financial details, and contact information.
- Provide Student Status Verification:
- Upload necessary documents to verify your student status.
- Submit Application:
- Review the information provided, and submit your application.
- Wait for Approval:
- Capital One will review your application, and if approved, you will receive your card by mail.
Frequently Asked Questions (FAQs) – Capital One SavorOne Student Cash Rewards Credit Card
Who is eligible for the SavorOne Student Cash Rewards Credit Card?
The card is designed for current students who are at least 18 years old and legal residents of the United States.
What rewards does the SavorOne Student Card offer?
Cardholders can enjoy cashback rewards on eligible purchases, including dining, entertainment, and more.
Is there an annual fee for the SavorOne Student Card?
No, the Capital One SavorOne Student Cash Rewards Credit Card typically does not have an annual fee.
How can I check the status of my credit card application?
You can check your application status online through the Capital One website or by contacting their customer service.
Can international students apply for this credit card?
No, the SavorOne Student Card is available only to legal residents of the United States.
Please note that the information provided here is a general guide, and specific terms and conditions may apply. Always refer to the official Capital One website for the most accurate and up-to-date information.