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 this card and the convenience, it offers, you can avoid becoming a consumer who uses a debit card in order to avoid incurring fees. One of the credit cards you can use is the Capital One SavorOne Student Cash Rewards Credit Card. And on this article, let’s talk about all the things you need to know about it beforehand.
Capital One SavorOne Studentunlimited 3% cash back Annual Fee $0
What is Capital One SavorOne Student Cash Rewards Credit Card?
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
The Capital One SavorOne card offers generous benefits for dining out, entertainment, popular streaming platforms, and supermarkets, as well as 1% cash back on all other expenses. Additionally, through January 2023, you will receive 8% cash back on tickets at Vivid Seats. These transactions include purchases from grocery stores, restaurants, bakeries, movie theaters, music halls, and other entertainment venues.
There is no restriction on the amount you may earn on bonus category spending, in contrast to other rewards credit cards. An infinite 1 percent cashback will be given on any transactions that don’t fall within one of the bonus categories.
- No annual fee
Student funds are already stretched thin enough. Since there is no annual fee on the Capital One SavorOne Student Cash Rewards Credit Card, there will be no additional maintenance charges to pay to keep your account active. (Of course, it doesn’t imply you won’t ever incur costs; if you keep a balance over the due date, interest fees will be assessed.)
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.
- Price Protection
Within 120 days of the purchase date, you may be eligible for a refund if you discover a cheaper price on a new item that you purchased with your Capital One SavorOne Student Cash Rewards Credit Card.
- 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.
Read on and learn more about how to apply the card.