Capital One SavorOne Student Cash Rewards Credit Card

Capital One SavorOne Student Cash Rewards Credit Card Review

This comprehensive review of the Capital One SavorOne Student Credit Card will help you decide if it’s the right choice for you to manage your finances as a student. Capital One SavorOne offers cash rewards for newcomers, which is designed specifically for students, making it a great option for those who are just starting to build their credit or need assistance with budgeting. In this article, we’ll cover everything you need to know about the Capital One SavorOne Student Cash Rewards Credit Card, including its features, benefits, and potential drawbacks.

Capital One SavorOne Student Cash Rewards Credit Card Overview

For students looking to make the most of their spending, earn rewards, and build credit, the Capital One SavorOne Student Card is an exciting option. This credit card offers cashback rewards with no annual fee, making it an attractive choice for students on a budget.

Highlights

Earn unlimited 3% cash back on dining, entertainment, streaming, and grocery stores (excluding Walmart and Target), and 1% on all other purchases
Early Spend Bonus: Get $50 when you spend $100 in the first three months
Earn 10% cash back on Uber & Uber Eats purchases, plus enjoy Uber One membership statement credits until 11/14/2024
Enjoy peace of mind with $0 Fraud Liability for unauthorized charges
No annual fees, foreign transaction fees, or hidden fees
Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, with great prices on thousands of options
Earn up to $500 a year by referring friends and family for a Capital One credit card
Get 8% cash back on entertainment purchases through the Capital One Entertainment portal
Build your credit with responsible card use
This card is a great option for students at all levels of education

Features and Benefits of Capital One Savor One Student Cash Rewards Credit Card

Capital One Savor One Cash Rewards is a student-specific credit card that comes with an excellent rewards program and a range of features designed to cater to the needs of college-going students. Let’s take a closer look at the features and benefits of this credit card in-depth detail.

1. Rewards Program – Capital One SavorOne for Students

Capital One Savor One Student Cash Rewards Credit Card rewards students with cash back for every purchase made with the card. Cardholders earn 3% cash back on dining out, 2% cash back on groceries, and 1% cash back on all other purchases. This rewards program can help students save a significant amount of money, especially on things they already spend money on.

2. No Foreign Transaction Fees

Capital One Savor One Student Cash Rewards Credit Card is an ideal choice for students studying abroad or traveling internationally. The card comes with no foreign transaction fees, meaning that cardholders can make purchases outside of the United States without worrying about additional fees.

3. Complimentary Concierge Service

The complimentary concierge service is a unique feature of Capital One Savor One Student Cash Rewards Credit Card. The service offers personalized assistance in dining, entertainment, and travel, 24/7, 365 days a year. This feature can be beneficial for students who need help planning their travel itinerary or making restaurant reservations.

4. Extended Warranty

Capital One Savor One Student Cash Rewards Credit Card offers an extended warranty on eligible items purchased with the card. This means that cardholders can receive additional warranty protection at no extra cost, which can be a great way to protect their purchases.

5. 24-hour Travel Assistance Services

If you ever lose your Capital One Savor One Student Cash Rewards Credit Card while traveling, you can get an emergency replacement card and cash advance. The 24-hour travel assistance service is available to help cardholders when they need it the most.

6. Travel Accident Insurance

Capital One Savor One Student Cash Rewards Credit Card offers automatic insurance for a covered loss when cardholders use their card to purchase their travel fare. This feature provides cardholders with peace of mind during their travels.

7. Instant Purchase Notifications

With instant purchase notifications, Capital One Savor One Student Cash Rewards Credit Card cardholders can receive real-time notifications each time a new purchase is approved on their account. This feature helps students keep track of their spending and monitor their finances.

8. Capital One Shopping

Capital One Shopping is an online shopping tool that automatically applies available coupon codes to your order. With Capital One Savor One Student Cash Rewards Credit Card, students can save money while shopping online.

9. Shop with Your Rewards

Cardholders can now use their Capital One rewards to pay for Amazon.com purchases. This feature is a great way for students to make the most of their rewards while shopping online.

10. Redeem Your Rewards with PayPal

Capital One Savor One Student Cash Rewards Credit Card offers the option to redeem rewards on eligible purchases at millions of online stores using PayPal.

11. Capital One Travel

Capital One Travel helps students save money on travel expenses. With Capital One Savor One Student Cash Rewards Credit Card, students can get our best prices on thousands of trip options, even after booking. They can also pay flexibly with their rewards, a card, or both.

12. Elevate Your Dining Experience

Discover exclusive reservations at top-rated restaurants and enjoy curated culinary events for cardholders.

13. Experience Unforgettable Entertainment

Earn 8% cash back on all Capital One Entertainment purchases and gain access to must-see events with the SavorOne Card.

14. Stay Alert and Secure

Rest easy with advanced security measures. Receive instant alerts for potential suspicious transactions and enjoy zero liability for unauthorized charges.

15. Protect Your Privacy with Virtual Card Numbers from Eno

Shop online worry-free with virtual card numbers to minimize fraud risk and keep your actual card number confidential.

16. Keep Your Card Safe with Card Lock

Instantly lock your card in the Capital One Mobile app if it’s lost or stolen to prevent unauthorized use.

17. Never Miss a Beat with Account Alerts from Eno

Stay informed with personalized alerts for potential errors or unexpected charges, empowering you to take control of your finances.

18. Stay Informed about Your Credit with CreditWise

Receive alerts for changes to your TransUnion® or Experian® credit reports to stay on top of your credit health.

19. Manage Your Online Transactions Effectively with Recurring Merchants

Keep track of recurring merchants and easily make seamless transactions with frequently used online stores.

20. Share the Benefits with an Authorized User

Monitor the spending activity of an authorized user added to your account.

21. Consolidate Your Balances with Balance Transfer

Take control of your finances by transferring higher-rate balances to a Capital One card and save money.

22. 24/7 Customer Support at Your Fingertips

Get assistance anytime with round-the-clock customer service representatives.

23. Save Time with Autopay

Set up automatic monthly payments with Autopay for convenient bill management.

24. Manage Your Account Effortlessly with the Capital One Mobile App

Take control of your finances on the go with easy bill payment, transaction viewing, and free access to your credit score.

25. Instant Account Management with Eno

Stay on top of your account with Eno, the Capital One Assistant, and perform various account actions through text.

Capital One SavorOne Rewards for Students/Newcomers

For every eligible purchase, student cardholders receive generous cashback rewards, and the card doesn’t require any enrollment or rotating categories, allowing cardholders to earn rewards with ease. The Capital One SavorOne Student card can be a great fit for students who spend a lot on dining and entertainment. Savor One rewards for students include 5% cash back when booking hotels and rental cars through Capital One Travel, 3% cash back at grocery stores (not including Walmart or Target), 3% cash back on dining and entertainment like movie theaters, professional sporting events, museums, streaming services like Netflix and Spotify. You’ll also get 1% cash back on other purchases outside these categories and 8% cash back on tickets purchased from the Capital One Entertainment portal. This is an amazing deal for students since it has no annual fee. It’s one of the best student cards with generous rewards in popular categories like groceries and dining.

The SavorOne Student Credit Card offers an incredible:

8% cash back rewards on tickets purchased through the Capital One Entertainment portal to the newcomers/students.
5% cashback rewards on hotel and rental car bookings through Capital One Travel.
3% cash back on dining, entertainment, popular streaming services, and grocery store purchases (excluding superstores like Walmart® and Target®).
1% cash back on all other purchases.

SavorOne rewards for students has no annual fees, which is a plus point for newcomers who are thinking of using this credit card within their studies period.

Redeeming Rewards

Redeeming rewards with the SavorOne Student Credit Card is simple. Cardholders can redeem their cashback rewards through a statement credit or check, shop on Amazon or PayPal, or get gift cards. You can also set your rewards to be given out when you reach $25, $50, $200, $500, or $1,500 in rewards (or once per year).

Interest Rates and Fees – Savor Student Credit Card

One of the benefits of the Capital One SavorOne Student Credit Card is that it has no annual fee. Additionally, there are no foreign transaction fees, making it a great option for students who travel or study abroad.

Here’s the breakdown of the Capital One SavorOne Student Credit Card Fees and interest rates:

Annual Fee: None.
Foreign Transaction Fees: None.
APR for Cash Advances: 29.99%.
Balance Transfer Fee: 3% of the amount of each transferred balance.
Cash Advance Transaction Fee: Either $3 or 3% of the amount of each cash advance, whichever is greater.
Annual Percentage Rate (APR) on Purchases and Transfers: 19.99%, 26.24%, or 29.99%, based on your creditworthiness.
Late Payment/Penalty Fees: Up to $40.
Introductory APR: No introductory APR on purchases.
Monthly Maintenance Fee: N/A
Returned payment fee: $25

See full interest rates and fees

Capital One SavorOne Student Credit Card Requirements/Approval Odds

When it comes to the Capital One SavorOne Student Card, the minimum credit score needed for approval is 580 to 739 (FICO Score), which is fair to good or average, or sometimes no credit history is required. However, it’s important to note that your annual income and existing debts will also influence approval odds. If you’re a student with no credit history, there’s a good chance that you’ll be approved for this card. Keep in mind that you must be at least 18 years old to apply.

Some additional points to consider regarding the Capital One SavorOne credit score requirements include:

This card is meant for newcomers/students with at least fair credit, so if your credit score is below 580, you may want to look into other options.
Even if your credit score is above 580, there’s no guarantee that you’ll be approved for the Capital One SavorOne Student Card. Your income and debt-to-income ratio will also play a role in the decision.
If you’re approved for this card, you can enjoy a variety of rewards and benefits, including cash back on dining and entertainment purchases. Plus, there’s no annual fee to worry about.

Overall, the Capital One SavorOne Student Card is a solid option for students who are looking to build their credit. As long as you meet the minimum credit score requirements and have a steady source of income, your approval odds should be good.

The Capital One® SavorOne Student Credit Limit

Savor One Credit Card limit is determined based on several factors, such as creditworthiness, income, and credit history. While Capital One has self-reported credit limits starting from $300 to $750, there are chances of receiving a credit limit higher than $1,000. However, the minimum credit limit for the SavorOne Capital One Credit Card is $300, making it ideal for students who desire to build or rebuild their credit score. Overall, the Capital One® SavorOne Student Credit Card limit is designed to enable students to build good credit while enjoying the perks of cashback rewards.

Is Capital One A Good Credit Card for Students

Capital One offers a range of credit cards that are tailored to fit the needs of different types of consumers, including college students. The SavorOne Student card is an excellent option for students who want to build credit with responsible use and earn rewards for their spending. This card is perfect for students who often spend heavily on groceries, restaurants, entertainment, and select streaming services. Moreover, the card does not require an annual fee or security deposit, making it an affordable option for students on a budget. Additionally, the SavorOne Student card is a great stepping stone to other Capital One rewards cards, like the Venture Rewards Credit Card, which offers even more perks and benefits. Overall, the Capital One SavorOne Student card is an attractive and valuable option for college students who want to establish and improve their credit while earning rewards for their everyday spending.

How to Use Capital One SavorOne Cash Rewards Credit Card?

Maximize your cash back with the SavorOne Student card by using it for all your grocery store, restaurant, and entertainment purchases.
Don’t forget to exclude superstores like Walmart® and Target® from your grocery store spending.
Enjoy a 3% cash-back rate on all eligible purchases, including streaming services.
Get an impressive 8% cash back rate when you use the card at the Capital One Entertainment portal for ticket purchases.
Boost your chances of building a positive credit history and being considered for a credit limit increase by paying on time and avoiding maxing out your card.
Stay in control of your finances and avoid interest charges by paying off your card balance in full each month.

Is the SavorOne Student Card Worth It?

Absolutely! With no annual fee and the ongoing rewards as its non-student counterpart, this card is a great opportunity to build credit responsibly while enjoying fantastic cash-back options. It offers more value than most other student credit cards, especially if you spend heavily on groceries, dining, and entertainment.

However, if you need help paying off a large purchase over time, there may be better choices than this card since it doesn’t have a 0% introductory APR offer. Additionally, if you already have good credit or better, opt for the non-student version to take advantage of its intro APR offer and sign-up bonus.

Future Opportunities with Capital One

As students build their credit with the Capital One SavorOne Student Credit Card, they can look forward to a potential increase in their credit limit over time. This, in turn, can lead to better opportunities with other Capital One credit products.

Capital One Reviewing Application

To secure approval for the SavorOne Student Credit Card, applicants should ensure that their credit score is in a suitable range and all other requirements are met. Once the application is submitted, Capital One will review the information before issuing a decision.

How Do You Apply for Capital One SavorOne Student Cash Rewards Credit Card?

To apply for the Capital One Student Card, you can visit their official website or contact them at their Helpline Center.

Capital One SavorOne Student Credit Card Contact Number

You can call Capital One at 1-877-383-4802 or at the credit card customer service number (for existing customers only) 1-800-CAPITAL (227-4825). For more information, see their contact options.

Conclusion

In conclusion, the Capital One SavorOne Student Credit Card offers a great opportunity for students to build credit responsibly while enjoying fantastic cash-back options. With no annual fee and ongoing rewards, it provides value that surpasses most other student credit cards. However, individuals should also consider their personal financial needs and credit score when choosing this card or its non-student counterpart. As students graduate and their credit history strengthens, they may also qualify for future opportunities with Capital One.

Frequently Asked Questions (FAQs) about Capital One SavorOne Cash Credit Card

What Happens to My Student Card When I Graduate?

When you graduate, your student credit card may go through a few changes. Some card issuers may automatically reclassify your account to a non-student account, but your card will still work seamlessly. Similarly, some issuers may transition your account to a non-student version of your student card, which may offer different rewards or benefits. However, it’s always a good idea to call your issuer and confirm if they offer a non-student card equivalent and if your account can be switched over. If you have a student card with a smaller issuer that doesn’t offer a non-student version, you can continue to use your card without any issues. Lastly, student credit cards tend to have lower credit limits than their non-student counterparts, so graduating may also open up the possibility of higher credit limits and more attractive rewards programs.

Can You Get A Student Card Without Being A Student?

Only sometimes!

In order to qualify for a student credit card, you are typically required to be enrolled in school, college, or university. Student credit cards are specifically designed for students who often need an established credit history. However, if you are not a student, there are alternative options available, such as starter credit cards like secured ones. Secured credit cards may require an upfront refundable cash deposit and are generally easier to obtain for individuals with poor credit. Additionally, becoming an authorized user on someone else’s credit card can be another option to consider. It’s important to note that maintaining sound credit habits as a student can lead to opportunities for higher-tier credit cards with better features in the future.

How to Get a Capital One Credit Card?

To get a Capital One credit card, you can apply online through their website or by visiting a Capital One branch. You will need to provide personal information such as your name, address, social security number, and income details. Capital One will review your application and determine if you meet their credit requirements.

How Does Capital One Credit Card Work?

Capital One credit cards work like any other credit card. You can use them to make purchases at any merchant that accepts credit cards. When you make a purchase, the amount is added to your credit card balance. You will receive a monthly statement with the details of your transactions and the minimum payment due. If you pay the balance in full by the due date, you will not be charged any interest. If you carry a balance, interest will be applied to the remaining amount.

Does Capital One SavorOne have Foreign Transaction Fees?

No, the Capital One SavorOne credit card does not have foreign transaction fees. This means you can use the card for purchases made outside of the United States without incurring any additional fees. See rates and fee

What Card Recommendations:

6.6Expert Score

Students Rating

The SavorOne Student Card offers an amazing cash back on everyday essentials! But beware of the APR – it may not be suitable for credit newbies.

Introductory Offer

Rewards Program

Interest and Fees

5.2

Features

Issuer Customer Experience

PROS

• Good approval odds
• Cashback rewards for a student card
• No annual fee
• No foreign transaction fees
• Allows the user to pick their own monthly due date.

CONS

• Higher APR
• Requires a minimum credit score
• No student-specific benefits

Specification: Capital One SavorOne Student Cash Rewards Credit Card

Best For:	Students, Streaming, Groceries
Recommended Credit	Fair to Good (580 – 739)
Intro Offer:	$50 When you spend $100 in purchases for the first 3 months from account opening
Rewards	cardholders can earn 8% cash back on entertainment, 5% on hotels and rental car bookings, 3% on dining, streaming services, and grocery stores except Walmart and Target stores
Annual Fee:	No Annual Fee
Regular APR:	19.99% – 29.99% (Variable)
Intro Balance Transfers APR:	N/A
Intro Purchase APR:	N/A
Intro Purchase APR Period:	N/A
Balance Transfers Fee:	3% of the amount of each transaction
Foreign Transaction Fee	None
Cash Advance Fee	$3 or 3% of the total advance amount
Late Payment Fee:	Up to $40
Cash Equivalent Fee	N/A
Convenience Check Fee	N/A
Returned Payment Fee:	Up to $25
Over Limit Fee:	$0
ExtendPay Fee	N/A
Credit Card Limit:	$300 to $1000
Credit Card Features	Accidental Insurance, Balance Transfer, Car Rentals, Cash Back, Concierge Service, Dining, Eligible Purchases, Grocery, Hotel, No Annual Fee, No Foreign Transaction Fee, Rewards, Streaming Services, Student, Travel, Travel Assistance, Zero Fraud Liability