In this article:
The Journey® Student Rewards from Capital One® card helps college students with average credit boost their credit scores and build good credit habits. It also offers cash back rewards with no annual fee, travel perks, and useful credit monitoring and account management tools that students just learning to manage a budget will appreciate.
|Customer service contact info for Capital One|
|Unlimited cash back on every purchase||High APR|
|Earn extra cash back for paying on time||No sign-up bonus or introductory financing offer|
|Requires only average credit||No bonus rewards categories|
|No annual fee|
|No foreign transaction fees|
|Travel and credit monitoring benefits|
|Purchase APR: 26.99% (Variable)||Grace Period: 25 days|
|Transfer APR: 26.99% (Variable)||Annual Fee: $0|
|Cash Advance APR: 26.99%||Balance Transfer Fee: None|
|Cash Advance Fee: $10 or 3% of amount of cash advance, whichever is greater|
|Foreign Transaction Fee: $0|
|Late Payment Fee: Up to $39|
Authorized User Policy
You can add anyone you trust—your boyfriend, girlfriend, roommate, etc.—as an authorized user on this card. There's no credit check: All you need is their name, phone number and date of birth. The authorized user will get a card with their name on it and you'll earn rewards on every purchase they make.
Parents often add children as authorized users on their credit cards to help the children build a credit history, but as a student just starting to build credit, there is more risk than reward in letting someone else share your credit line. Although Capitol One makes it easy to keep tabs on your authorized user's spending, you're ultimately responsible for all charges on the card. That means if you break up with your significant other or have a fight with your roommate, you could end up footing the bill for all their Grubhub orders... while living on ramen for the rest of the year.
Is This Card Right for You?
If you're a student with a limited credit history, you can get approved for this card with just average credit and quickly increase your credit limit if you demonstrate responsible payment habits. You'll earn cash back rewards on every purchase, get bonus rewards for paying on time, and pay no annual fees or foreign transaction fees (every dollar helps when you're a starving student!). There are plenty of convenience features to help manage your account, keep an eye on your credit and track your spending. All in all, the Journey® Student Rewards from Capital One® card can be a good beginner credit card for those just learning to manage credit.
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