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Capital One SavorOne Student Cash Rewards Credit Card review
Earn 3% cash back with this mighty strong student card.
- Get this card if you want a student card that earns bigger rewards than an average student card.
- Pick something else if you need an intro APR on purchases or balance transfers.
- Apply with a new or limited credit history or a fair score of 580 or higher.
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$50
Welcome offer
Up to 10%
Cash back
$0
Annual fee
19.24% to 29.24%
Purchase APR (variable)
Details
| Annual fee | $0 |
|---|---|
| Welcome offer | Early Spend Bonus: Earn $50 when you spend $100 in the first three months |
| Rewards | 3% cash back on dining, entertainment, popular streaming services and at grocery stores, 10% cash back on purchases made through Uber & Uber Eats, 8% cash back on Capital One Entertainment purchases, and 1% on all other purchases |
| Purchase APR | 19.24% to 29.24% variable |
| Balance transfer APR | 19.24% to 29.24% variable |
| Minimum credit score | New to credit |
cta text | Apply now |
Review by
Steven Dashiell
steven.dashiell@finder.comSteven Dashiell is a senior personal finance writer at Finder, specializing in all things banking and credit cards. With more than 300 articles under his belt, he aims to help readers embrace credit cards and maximize their banking rewards. Steve is studying to become a Certified Educator in Personal Finance, and is a frequent face on Finder’s YouTube channel, offering the latest in credit card hacks and advice. His expertise has been featured in U.S. News & World Report, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living, among other top publications.
Expert review
The Capital One SavorOne Student Cash Rewards Credit Card looks a lot like a traditional cashback credit card offering similar rewards. You’ll earn 3% back on dining, entertainment, select streaming services and grocery stores — excluding superstores — and 1% back on all other purchases. You’ll also earn 8 back on Capital One Entertainment, plus the card carries a 19.24% to 29.24% variable APR — all with for annual fee.
Generally speaking, many student cards on the market don’t offer the same features as a standard credit card. Instead, they usually serve as a tool for building credit and responsible spending habits – a set of credit card training wheels, you could say. If a student card offered any form of rewards, it was usually a lower-than-average rate or more limited by categories or spending caps.
The Capital One SavorOne Cash Rewards Credit Card throws that precedent out the window. At an unlimited 3% back in select categories, this student card earns great cashback rates, contested only by the Discover it® Student Cash Back and the Bank of America® Customized Cash Rewards for Students – both of which feature a quarterly cap to your earnings.
Despite the big earning rate, the SavorOne Student card manages to pack in plenty of other goodies. For example, keep your account in good standing and Capital One will consider your account for a credit line increase in six months. The card also offers price protection, extended warranties on eligible purchases and even a concierge service — a feature you’d typically find on luxury cards.
The card still has a few of the trappings of a student offering. For example, the upper range of the purchase APR is a rather high 29.24% variable and you won’t find an intro APR offer on the card. But in all other respects, this card is well above the expected power of a traditional student card and should be on the radar of anyone looking for a student card.
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:
- Learn more about how to apply for Capital One SavorOne Student Cash Rewards Credit Card.
- Fill out the requested information, including your name, email address, phone number, company and a form of ID, then select Continue.
Capital One SavorOne Student Cash Rewards Credit Card benefits
- Earn unlimited cash back. You’ll earn an unlimited 3% cash back on dining, entertainment, select streaming services and grocery stores, plus 1% back on all other purchases. Plus, you’ll get 5% back on hotels and car rentals booked through Capital One Travel. Note that it’s rare to find an unlimited 3% category on a student card — SavorOne Student’s main competitors have similar earning rates, but cap your accelerated earnings per quarter.
- No annual fee. You won’t pay an annual fee to use this student card.
- Signup offer. Earn $50 after you spend $100 in your first 3 months.
- No Social Security Number required. You only need some form of ID to apply for this card.
- Credit limit upgrade available. Capital One may consider your account for a credit limit increase. If you keep your account in good standing and make your payments on time.
- Price protection. Receive reimbursement on eligible purchases within 120 days if you find a lower price on that item.
- Extended warranty. You’ll receive double the original manufacture or store warranty on eligible purchases.
- Car rental coverage. Eligible car rentals purchased with your card may be covered for physical damage and theft.
- Road assistance. You’ll have 24-hour access to a toll-free dispatch service should you need roadside help.
- Concierge service. The SavorOne Student card offers concierge services 24-hours a day from home and when you travel.
Capital One SavorOne Student Cash Rewards Credit Card drawbacks
- High ongoing APR. The SavorOne Student Cash Rewards card’s APR range tops out at a higher than average 29.24% variable.
- No intro APR. Unlike a few competing student cards, such as the Bank of America® Customized Cash Rewards for Students, the Capital One SavorOne Student Cash Rewards Credit Card lacks an intro APR on purchases and balance transfers.
Compare student credit cards
If this card isn’t right for you, compare other student credit cards out there. Consider factors such as whether or not the card can help you build credit, if it comes with an annual fee, if it has an intro APR and if it offers rewards on any purchases.
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Capital One SavorOne Student Cash Rewards Credit Card customer reviews and complaints
Capital One has been accredited with the Better Business Bureau since 1995 and has an A rating from the organization as of October 2021. Of the 7,000+ complaints, all have been closed to satisfaction.
The provider earns a 1.3 out of 5 customer rating on Trustpilot, with some customers complaining of the provider putting their funds on hold.
Bottom line
The Capital One SavorOne Student Cash Rewards Credit Card is an excellent addition to the student card market and perfect for those who want to earn unlimited rewards on categories most common to college students. But if you’re looking for an intro APR or more category flexibility, consider some competing student cards to find one that might better suit your preferences.
