It doesn’t have an annual fee and offers 1% cash back for every purchase, with a small bonus to rewards for paying on time. If you’re looking for a simple way to build credit and earn rewards, it’s not a bad one to pick.
And for students who are looking to study abroad, the card has no foreign transaction fee to worry about.
Cardholders will earn slightly improved rewards so long as they pay on time, which will help reinforce positive habits. There is an AutoPay feature cardholders can take advantage of to ensure they don’t miss out on the extra rewards. It also comes with a few perks all students can get behind, like a quicker path toward a larger credit line.
Pros
Improve or build creditEncourages responsible habitsNo annual feeCheck your VantageScore 3.0 credit score
Cons
Low rewardsBasic benefitsHigh APR (avoidable by not carrying a balance from month to month)
Redeeming rewards
Rewards can be redeemed as:
Statement creditsCheck via mailGift cards
Redeeming for statement credits will be the fastest and easiest choice. Capital One has an app that can be used to redeem cardholder’s rewards. cardholders can set their rewards to be automatically redeemed at specific intervals, or go in and redeem rewards manually. Rewards won’t expire, and there is no limit to how much cash back cardholders can earn.
Card benefits
The Journey Student card comes with some basic perks, but nonetheless useful. Monitor your VantageScore 3.0 credit score, and have faster access to a potential credit line increase.
Automatic credit line review: Get automatically considered for a higher line of credit within as little as six months.Eno, 24/7 digital assistant: Access to Capital One’s digital assistant to help manage your account. Check your balance, see recent transactions, pay the bill, and more.Capital One’s CreditWise: Keep an eye on your VantageScore 3.0 credit score, from your TransUnion credit report. This is available to everyone, not just Capital One cardholdersVirtual card numbers: Make online shopping more secure by utilizing a virtual card number.$0 fraud liability: cardholders won’t be held responsible for unauthorized charges on their account.Emergency card replacement: Get a replacement card if yours is lost or stolen.
The Journey Student card is issued as a Visa card, so it can be used anywhere Visa is accepted. But the card has no annual fee or foreign transaction fee to worry about. Visa is also widely accepted overseas, so you shouldn’t run into any acceptance issues while traveling. Use it for everyday purchases like gas and groceries, and the occasional late-night meal excursion. While the returns are relatively low, it’s better than what some student cards provide. For students looking to learn how to responsibly use a credit card, this is a good place to start. It’ll reward you for paying on time, and help you build the necessary habits before moving on to cards that require a bit more know-how. It’s a simple card to use and a good way to familiarize yourself with credit cards while establishing better credit. Pay on time, rake in the rewards, and once your credit is in the good or excellent range, consider moving on to bigger cards that offer more.
