The Capital One SavorOne Student Cash Rewards Credit Card offers great benefits and cash back, but won’t top our list due to the high APR and lack of an introductory APR. With fantastic cash back rewards in high-spend categories, the rewards are big for restaurants, entertainment and groceries, but the risks of quickly accumulating debt if not paid off on time – at each time – are also quite high.
Awards: 3% cash back on restaurants, entertainment, popular streaming services and groceries (excludes supermarkets like Walmart and Target), 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on purchases of Capital One Entertainment and tickets at Vivid Seats and 1% on all other purchases.
Welcome offer: $100 after spending $100 in the first three months
Annual fees: $0
Other advantages and disadvantages: This card, like other Capital One student cards, has an APR of 16.49% to 26.49% (varies). That’s a high APR for a student card. Before applying for this card, make sure you understand what APR is and how it works.
That being said, the high APR may be worth it due to its incredible benefits for a student card. Students should carefully assess whether the delicious rewards of this card are worth the high interest rate.