Journey® Student Rewards from Capital One® Review

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With responsible use, having a credit card as a student can be incredibly valuable. Starting to build credit early means you’ll be quick to enjoy the benefits and opportunities of having high credit scores, including better offers for car loans and mortgages. Journey® Student Rewards from Capital One® can help, with uncapped cash back rewards, helpful credit card perks and tools, as well as no annual fee or foreign transaction fees.

Starting with the cash back rewards, you’ll earn an uncapped 1% cash back on all purchases, which can be boosted to 1.25% if you pay your balance on time. That’s a nice reinforcement for developing good financial habits. It should be noted, however, that the carrot comes with a bit of a stick with Journey® Student Rewards from Capital One®, as the ongoing APR for purchases and balance transfers is higher than some of its competition at 26.96% (Variable). Nor does it offer intro APRs, a feature that many other student credit cards include. Intro APRs allow cardholders to carry a balance on purchases or balance transfers without incurring interest. Between the reward for paying on time and the high APR, it’s important that you stay on top of your credit card balance.

To help ensure you pay your credit card bill on time, Journey® Student Rewards from Capital One® lets you pick the monthly due date that’s most convenient for you. Plus, you can set up customized account alerts and manage your account using the Capital One mobile app. With these tools helping you make on-time payments (and responsible financial behavior outside of this credit card), your credit scores are sure to rise, which you can monitor with the CreditWise app. After 5 monthly on-time payments, you’ll qualify for a higher credit line.

As some final credit card benefits, Journey® Student Rewards from Capital One® charges no annual fee, no foreign transaction fees and covers you for $0 fraud liability. Foreign transaction fees often range from a 3% to 5% charge on every purchase made outside the United States. As for the $0 fraud liability, this means you won’t be responsible for any charges if your card is lost or stolen — a great relief.

Journey® Student Rewards from Capital One® makes for a good starter card with its uncapped cash back rewards, bonus for paying on time, tools and perks, as well as its lack of fees. For those looking for more in the way of intro offers, it may be worth considering Discover it® Student chrome, which offers a 0% intro APR on purchases for the first 6 months (after that, a variable go-to rate applies), 2% cash back at gas stations and restaurants on up to $1,000 per quarter (then 1%), an intriguing intro bonus and more.

Rewards

  • Unlimited cash back rewards.
  • Earn 1% cash back on every purchase, every month — and pay no annual fee.
  • For every month you pay on time, you receive a 25% bonus — that’s a total of 1.25% cash back.

Redeem Rewards

  • Redeem cash back by calling to request or going online.
  • Users can also set up redemption thresholds to receive cash back rewards automatically.

Fees and APR

  • Annual Fee: $0.
  • Foreign Transaction Fees: None.
  • Purchase APR: 26.96% (Variable).
  • Balance Transfer APR: 26.96% (Variable).
  • Balance Transfer Fee: $0.
  • Terms and Conditions
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Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.