Capital One Introduces Student Versions of Two Popular Rewards Cards
Capital One Student Credit Cards

Capital One Introduces Student Versions of Two Popular Rewards Cards

As college students gear up for another semester, credit card issuer Capital One is unveiling some new reward credit card options aimed at those looking to build their credit. Rather than start from scratch on a new product, Capital One has introduced student versions for two of their popular rewards cards: SavorOne and Quicksilver.

The student-aimed incarnations of Capital One’s flagship cards feature the same reward benefits as their full-fledged siblings. With the SavorOne Student, cardholders can earn 3% cashback on dining, entertainment, select streaming services purchases, and at grocery stores. Meanwhile, the Quicksilver Student earns a flat 1.5% cashback on every purchase. Neither card carries an annual fee. Unfortunately, however, the student versions of these two cards do not include a welcome bonus.

While the Quicksilver Rewards and SavorOne Rewards cards typically require “Excellent” credit, the student versions are available to those with “Fair” credit. To qualify as a student, applicants must be currently enrolled (or admitted and planning to enroll in the next three months) at an accredited university, community college, or other higher education institution. After student cardholders graduate, they’ll continue to be able to use their cards and enjoy the same benefits.

These two new Student card options join Capital One’s Journey Rewards for Students. That card earns 1% cashback on all purchases, but that rate increases to 1.25% when cardholders make on-time payments. Additionally, the Journey Rewards for Students cardholders can earn $5 per month for 12 months on select streaming subscriptions when they pay on-time.

Speaking to the need for these student card options, Capital One EVP and Head of Mainstreet Card Daniel Mouadeb stated, “Being new to credit and being able to enjoy rewards don’t have to be mutually exclusive. By bringing more choices to our customers, including access to credit and the benefit of rewards, we’re paving the way for a more inclusive and rewarding credit experience.”

Similarly, the company’s VP of US Card Ralph Haro said of the offerings, “When we asked students what they wanted in a credit card, they overwhelmingly pointed to unlimited cash back on all purchases and no annual fee. SavorOne Student and Quicksilver Student build on the legacy of rewards offered with our flagship cards, and we are proud to extend these best-in-class benefits to serve the financial needs of students across the country.”

With the addition of the SavorOne Student and Quicksilver Student cards, those looking to build credit while still in school now have some solid rewards options. That said, student applicants should keep in mind that building credit doesn’t require them to carry a balance on their card and that paying interest on card balances will certainly negate any cashback they may earn. Still, when used responsibly, either of these Capital One cards could prove to be a good addition to any student’s wallet.

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...