Earn 1% cash back on all purchases. Plus, earn a 25% bonus on the cash back you earn each month you pay on time. This will earn you a total of 1.25% cash back.
To keep track of your finances, you’ll get access to a Credit Tracker as well as a higher credit line. With rewards for paying on time, this card makes it easy to establish good habits early on.
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Journey Student Credit Card Summary
Earning Cash Back
Journey Student credit card holders earn 1% cash back for every purchase. If you pay on time, that goes up to 1.25% cash back. You’ll get that extra .25% within the next two billing cycles. However, if your account enters “past due” status, you will not get the bonus.
There’s no limit to the amount of cash back you can earn, and it will never expire for the lifetime of your card account.
It should be easy to always earn this bonus because you only need to make the minimum payment. However, credit card users should always pay off their entire balance in full each month. This is a good for your credit and it lets you avoid interest on purchases.
For students with limited credit, this is important because it will help improve your credit while keeping your credit card debt down, by preventing interest accumulating.
Simplify this process by setting up automatic payments. Have the entire card balance automatically paid by the due date, ensuring that your balance stays low and you’ll always get the bonus. However, make sure you have enough in your bank account.
Redeeming Cash Back
Redeem your cash back in the form of statement credits online, through the mobile app, or contact the Reward Center through customer service. These will lower your account balance.
Cash back can be redeemed manually, or by using the automatic redemption system. You can have your cash back automatically redeemed when it reaches a certain amount or at a certain time each year.
Journey Student Rewards Cardholder Perks
While the Journey Student doesn’t have the most luxurious benefits, you can still enjoy many perks commonly found on credit cards. These include, extended warranty, travel and emergency assistance, travel accident insurance, and auto rental collision damage waiver. Other great perks that could benefit you include:
Cashback Bonus: Pay your Journey Student Rewards bill on time and earn a bonus 0.25% cash back on all your purchases for that month. That’s a total cash back rate of 1.25% for the billing cycle.
Credit Line Increase: Credit cards designed for people with average credit often come with low limits. With the Journey Student Rewards card, you’ll be automatically considered for a higher credit line in as little as 6 months. In comparison, many cards will make you wait an average of 12 months before you can request an increased limit.
Few Fees: You won’t have to pay any annual, balance transfer or foreign transaction fees. However, you shouldn’t transfer any credit card debt to your Journey Student Rewards card, because of its high APR. Unless, of course, you’re currently paying a higher penalty APR.
The Journey Student Rewards from Capital One is a simple, no-annual-fee card that can help you build your credit and eventually qualify you for even better cards. It’s far from the best rewards card on the market. But for the purpose of building credit, it gets the job done.
Pay on time and you will be able to earn up to 1.25% cashback. Use the CreditWise service to check up on your credit, and learn about what will improve or hurt your credit scores. You also have some shopping and travel protections available if you need them. Then, once you build up better credit, you can start looking at other bigger and better Capital One credit cards.
If you’re looking for many rewards or low interest rates, the Journey Student may not be the best choice for you. Check out our complete list of credit card promotions to find the one that best suits your needs!
Learn more about this card and find out how you can apply here.
Other Credit Cards To Consider
The Chase Freedom Student credit card offers a $50 Bonus after first purchase made within the first 3 months from account opening.
You'll earn 1% cash back on all purchases and a $20 Good Standing Rewards after each account anniversary for up to 5 years. There is no minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open
In addition, earn a credit limit increase after making 5 monthly payments on time within 10 months from account opening when meeting credit criteria
This card has no annual fee and you'll get free credit score with Chase Credit Journey.
With the Capital One Platinum Credit Card:
This card can help build your credit with responsible card use and be automatically considered for a higher credit line in as little as 6 months
You'll have 24/7 access to your account and be covered with fraud coverage if your card is lost or stolen.
You're able to pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you
This card comes wit no annual fee.