Learn how to apply for the Capital One Journey Students Rewards Card

Applying for the Capital One Journey Students Rewards Card

If you’re interested in the Capital One Journey Students Rewards Card, there are several steps you can take to apply and potentially receive this card. With this card, you can earn 1% cash back on all purchases, and if you consistently make your monthly payments on time, your cash back rewards are increased to 1.25% for that month.

One great advantage of this card is that your rewards never expire as long as your account remains open. However, if your account is closed, any unredeemed rewards will be forfeited. There is no limit to the amount of rewards you can earn on purchases.

In addition, by using this card responsibly and making your payments on time, you have the opportunity to increase your credit limit in just five months.

Another perk of this card is the ability to earn up to $500 a year by referring friends and family who are approved for a Capital One credit card.

Whether you’re a student or not, this card is a great option for those who enjoy earning rewards while making purchases. If you like to travel, you’ll also benefit from the fact that the Capital One Journey Students Rewards Card does not charge a transaction fee for purchases made outside of the United States.

Traveling with this card brings peace of mind, as it offers emergency card replacement in case anything unexpected occurs during your trip.

Furthermore, having the Capital One Journey Students Rewards Card can also help you build credit, as it reports to the three major credit bureaus.

Who is Eligible to Apply?

In order to be approved and receive the Capital One Journey Students Rewards Card, you typically need an average credit score ranging from 630 to 689.

The bank will assess your credit line based on a review of your application and your ability to make payments.

How to Apply for the Capital One Journey Students Rewards Card

Applying Online

To start the application process, you can visit Capital One’s website to see if you are pre-approved for the card.

You’ll begin by answering a few questions about yourself and then see the cards you’re pre-approved for. From there, you can choose the offer that best suits your needs. Finally, you will need to answer a few additional questions to complete your application.

If you prefer, you can apply directly through Capital One’s website. You’ll be prompted to fill out a form with your personal, contact, and financial information. The form also allows you to select your preferred language for future communications with the bank, offering options for both English and Spanish.

Once you’ve reviewed and accepted the terms, you can submit your application.

Is the Capital One Journey Students Rewards Card Worth It?

The Capital One Journey Students Rewards Card is a solid choice for individuals who want to earn rewards on their purchases. While it’s not specifically designed for travel, it can be a good fit for students seeking their first credit card and planning trips.

However, it’s important to note that this card is most beneficial for those who are financially organized and able to make payments on time to avoid any fees or issues. Additionally, the card has a relatively high APR, so it’s crucial to consider this factor before applying.

Capital One Journey Students Rewards Card vs Self Credit Builder Secured Visa Credit Card

If you have fair credit, the Capital One Journey Students Rewards Card may be a better option compared to the Self Credit Builder Secured Visa Credit Card. The Self Credit Card is a secured credit card that allows individuals to build their credit score without needing to make monthly payments.

One key distinction of the Self Credit Builder Secured Visa Credit Card is that it does not require a hard credit inquiry and additional upfront deposits. Furthermore, the card can be used anywhere in the U.S. where VISA is accepted.

To qualify for the Self Credit Builder Secured Visa Credit Card, you’ll need to open a Credit Builder Account and meet Self’s eligibility requirements. This entails making three monthly payments on time, achieving $100 or more in savings progress, and maintaining a positive account status. After meeting these requirements, you can choose your credit limit and proceed to order your card.

The Self Credit Builder Secured Visa Credit Card is specifically designed for individuals with very bad or nonexistent credit. Therefore, if you have fair credit, it may be more advantageous to opt for a credit card that offers rewards and additional benefits, such as the Capital One Journey Students Rewards Card.

Capital One Journey Students Rewards Card pros:

• 1% cash back on all purchases and 1.25% if payments are made on time
• No annual fees, foreign transaction fees, or hidden fees
• No balance transfer fees
• Eligible with average credit
• Potential to earn up to $500 a year through referral rewards

Self Credit Builder Secured Visa Credit Card pros:

• Possibility of increasing credit limit over time for accounts in good standing
• Choice of using a portion of savings progress ($100 or more) to secure the card and set the credit limit
• Basic Visa credit card benefits included
• Eligible for anyone, regardless of credit history

Written by

Claire Harrison