Comparisons With Other Credit Cards
Annual fee: Neither card charges an annual fee.
Sign-up bonus: Early Spend Bonus: Earn $50 when you spend $100 in the first three months with either card.
Benefits: With both cards, you’ll pay no foreign transaction fees.
Annual fee: Neither card charges an annual fee.
Rewards: The Capital One SavorOne Student Cash Rewards Credit Card offers 3% cash back on dining, entertainment, popular streaming services and eligible grocery purchases, and 1% back on all other purchases. With the Discover it Student Cash Back, earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
Sign-up bonus: The Discover it Student Cash Back matches all the cash back you earn during your first year with the card. The Capital One SavorOne Student Cash Rewards Credit Card includes a Early Spend Bonus: Earn $50 when you spend $100 in the first three months.
Benefits: Neither card charges a foreign transaction fee, though you may have a harder time finding international merchants that accept Discover. The Discover it Student Cash Back card provides free access to your FICO credit score.
How to Maximize Rewards With the Capital One SavorOne Student Cash Rewards Credit Card
The card offers unlimited 3% cash back on dining, entertainment, popular streaming services and eligible grocery purchases. Whether you’re eating out, buying tickets to a concert or getting groceries, make sure to use this card to take advantage of the bonus rewards.
Also, you can set up your automatic payments on streaming services with this card to make sure you earn 3% back on eligible subscriptions.
What Are the Fees Associated With the Capital One SavorOne Student Cash Rewards Credit Card?
- Annual fee: The card charges an annual fee of $0, though that’s standard for student credit cards.
- Foreign transaction fee: Capital One doesn’t charge foreign transaction fees on any of its credit cards, making this card a good option if you’re studying abroad.
- Balance transfer fee: There’s no balance transfer fee, but you’ll still need to pay the card’s high APR.
- Cash advance fee: The cash advance fee is 3% of the amount of the cash advance, but not less than $3.
Should You Get the Capital One SavorOne Student Cash Rewards Credit Card?
- Spend a lot on dining, entertainment, streaming or groceries.
- Want to start building your credit history in college.
- Plan to study abroad and want to avoid foreign transaction fees.
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