There are a lot of benefits when it comes to using a credit card. The convenience of being able to pay for your transactions without using cash securely or simply being able to afford the things you like is incomparable.
While it does have a lot of benefits for an individual who has a good income, is it a good choice for students to have a credit card? Many people might think that it is a bad choice for students who do not have the proper income to have a credit card but the Capital One SavorOne Student Cash Rewards Credit Card might change your mind.
To learn more about the Capital One SavorOne Student Cash Rewards Credit Card and how to apply, check out the article below.
Capital One SavorOne Student Cash Rewards Credit Card Features and Benefits
The Capital One SavorOne Student Cash Rewards Credit Card offers a long list of benefits and features that you can enjoy as a student.
These benefits are intended to make your student life more interesting while also helping you build your credit score while you’re still in college.
Earning Cashback and Rewards
The Capital One SavorOne Student Cash Rewards Credit Card offers an unlimited 3% cashback to customers when they use the card for entertainment, dining, and even subscribing to popular streaming platforms.
Whether you’re dining out with friends, buying tickets to a concert, or simply buying groceries, you can earn the cashback without any expiration.
The best way to capitalize on this feature is to set automatic payments to your streaming service so you continuously receive cashback rewards. You can then use the rewards for travel bookings and entertainment.
Welcome Offer
When you sign up for the Capital One SavorOne Student Cash Rewards Credit Card, you also get a welcome offer of $50 cash back when you spend at least $100 for the first three months of opening the account.
This is a very huge deal, especially for college students who want to use their rewards for groceries and dining.
Get Even More With This Amazing Credit Card
While the Capital One SavorOne Student Cash Rewards Credit Card is meant for students who want to build their credit, there is still more that you can do with this amazing credit card. You get unlimited 5% cash back on hotels and rental cars when you book through Capital One Travel.
There is also an 8% cash back on entertainment purchases when you book through the Capital One Entertainment portal. You can even earn as much as $500 a year if you refer friends and family to this credit card.
Interest Rates and Other Charges
What’s great about the Capital One SavorOne Student Cash Rewards Credit Card is that it teaches you to be responsible with your credit card spending.
You don’t have to pay for any annual fee or foreign transaction fee with the credit card but the interest rate for purchases will be around 19.99% to 29.99% variable APR. A cash advance will be at an interest rate of 29.99% variable APR.
Contact Details
If you’re interested in learning more about the Capital One SavorOne Student Cash Rewards Credit Card, you can visit their official website for the complete details about the card. You can check out their Support Center for help regarding your card.
If you wish to speak to customer service, you can call their hotline at 1-877-383-4802 or you can visit their main office located at 1680 Capital One Drive, McLean, Virginia 22102 USA.
Why It Is Important to Build Credit with the Capital One SavorOne Student Cash Rewards Credit Card
As a student, it is important that you already establish a good credit score before you even graduate.
Having a credit card like the Capital One SavorOne Student Cash Rewards Credit Card allows you to learn how to be responsible with your credit card and help boost your credit score.
This way, you can easily apply for a new credit card once you graduate from college and have a source of income. As early as today, you can start building a good foundation for your future with this credit card.
Is the Capital One SavorOne Student Cash Rewards Credit Card Right for You?
The question now is if this is the perfect credit card for you. The Capital One SavorOne Student Cash Rewards Credit Card can be the perfect credit card if you spend a lot of dining, streaming, groceries, and entertainment.
If you want to build your credit history while you’re still in college, this is the perfect credit card to do so.
Additionally, if you want to study overseas and don’t want to spend more on foreign transaction fees and any other charges, this is the right credit card to bring abroad.
How to Apply for the Capital One SavorOne Student Cash Rewards Credit Card
To apply for the Capital One SavorOne Student Cash Rewards Credit Card, you need to be a student first.
The issuer considers anyone who is currently enrolled or planning to enroll at a higher education institution in the next 3 months to be a student.
You can then proceed to complete the entire application process to get the card.
Checking Your Eligibility
Apart from being a student, Capital One also requires you to be eligible in many other categories. The best way to do this without having to deal with a lot of hassles is to head over to their official website.
You should find an eligibility checker to see if you are pre-approved. This will determine whether you are a good fit for this card or they may suggest another one for you.
Applying Online
Once you are pre-approved or eligible for the card, proceed by applying online. Fill out the necessary details on the online application form.
Provide the details as accurately as possible and don’t forget to review everything including the terms and conditions before you submit.
Receiving Your New Credit Card
Once you are approved for the card, it will be sent to you within a few days by mail.
Don’t forget to activate and link the card to your account or if you have the mobile banking app, link the card to your app to activate it. You can then use the card once you have activated it.
Conclusion
Students often have to build their credit score on their own but with the help of Capital One SavorOne Student Cash Rewards Credit Card, it is now easier to get the best credit score long before you graduate from college. This student credit card gives you a lot of opportunities for rewards that you can enjoy. Go ahead and apply for one today!
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
