SavorOne Rewards for Students®: Interest rates, credit limits, cashback, and bonuses. Learn about the conditions for obtaining the card, registration and options for receiving it online or at a branch. Discover its features.
19.99 - 29.99 %
APR
$ 50 cash bonus
Welcome Bonus
Details
General Info
Required documents
SSN
APR
19.99 - 29.99 %
Welcome Bonus
$ 50 cash bonus
Interest rates
Shopping
19.99 - 29.99 %
APR for Cash Advances
29.99 %
APR for Balance Transfers
19.99 - 29.99 %
Do I fit in?
Credit Score
from 680
Age
from 18 years
Fees
Annual Fee
0 $
Late Payment
Up to 40 $
Cash back
Purchases
1 %
Restaurants
3 %
The SavorOne Rewards for Students® Credit Card offers a straightforward rewards structure tailored for students, featuring unlimited 3% cash back on dining, entertainment, popular streaming services, and grocery store purchases, alongside 1% cash back on all other purchases. With no annual fee and a $50 cash bonus after spending $100 in the first three months, it aims to provide value to student cardholders. Additional benefits include no foreign transaction fees and the ability to redeem rewards for cash back at any amount, with rewards that do not expire as long as the account remains open.
Features
Unlimited Cash Back. Earn unlimited 3% cash back on dining, entertainment, popular streaming services, and grocery store purchases, plus 1% on all other purchases.
New Cardmember Bonus. Receive a $50 cash bonus after spending $100 on purchases within the first three months of account opening.
Pros and Cons
Pros
No Annual Fee. Enjoy the benefits of the card without the cost of an annual fee.
No Foreign Transaction Fees. Make purchases abroad without incurring additional fees.
Flexible Redemption Options. Redeem cash back for statement credits, checks, or gift cards, with rewards that do not expire as long as the account remains open.
Cons
Limited Rewards Categories. While generous in dining and entertainment, the 1% cash back on all other purchases may not be as competitive for non-bonus spending categories.
Interest Charges. Students who carry a balance may incur significant interest charges due to the high APR.
Focused Redemption Options. While cash back is versatile, the redemption options are primarily cash-focused, lacking the variety of rewards offered by other cards.
How to Apply for a SavorOne Rewards for Students® Credit Card
Explore Credit Card Options. Browse through the available credit card options to find the Capital One Venture Card. Click on the card to access more details.
Review Card Details. Take your time to review the features, benefits, and terms of the Capital One Venture Rewards Credit Card to ensure it meets your needs.
Initiate Application. Look for the "Apply Now" button to start the application process. Click on it to proceed.
Fill Out Application Form. Complete the online application form with accurate personal, financial, and contact information as required. Ensure all fields are filled correctly.
Submit Application. After filling out the form, review the information provided to avoid any errors. Once satisfied, submit your application.
Wait for Approval. After submission, the bank will review your application. You may receive an instant decision or have to wait a few days for a response.
Receive Card. If approved, your Capital One Venture Rewards Credit Card will be mailed to the address provided during the application process.
Log In or Register. Open the Capital One mobile app and log in to your existing online banking account. If you're a new user, you may need to register for mobile banking by providing your account details and creating login credentials.
Navigate to Credit Cards. Once logged in, navigate to the section of the app dedicated to credit cards or banking products. This may be accessible from the main menu or homepage.
Find SavorOne Rewards for Students® Card. Look for the SavorOne Rewards for Students® Credit Card among the available options. Tap on the card to view more details.
Start Application. Locate the option to apply for the SavorOne Rewards for Students® Credit Card within the app. It may be labeled as "Apply Now" or something similar. Tap on it to initiate the application process.
Complete Application Form. Fill out the application form provided in the app with accurate information, including personal, financial, and contact details. Double-check for accuracy before proceeding.
Submit Application. After completing the form, review the information provided to ensure accuracy. Once verified, submit your application through the mobile app.
Wait for Response. The bank will review your application. Depending on their process, you may receive an instant decision or have to wait for a few days to receive a response.
Receive Confirmation. If approved, you'll receive confirmation within the app or via email. Your SavorOne Rewards for Students® Credit Card will be mailed to the address provided during the application process.
Branch Application
Research and Preparation. Begin by researching the various credit cards offered by Capital One to determine which best suits your needs and preferences. Consider factors such as rewards, interest rates, annual fees, and benefits.
Gather Necessary Documents. Collect all required documents, such as a valid photo ID (e.g., driver's license or passport), Social Security number, proof of income (e.g., pay stubs or tax returns), and any other relevant financial information.
Visit a Capital OneBranch. Locate the nearest Capital One branch by using the Capital One website or mobile app. Plan your visit during the branch’s operating hours.
Meet with a Capital One Representative. Once at the branch, request to speak with a representative about applying for a credit card. The representative will guide you through the process, answer any questions, and provide you with the necessary forms.
Complete the Application Form. Fill out the application form provided by the representative. Ensure all information is accurate, including personal details, employment information, and financial data.
Submit Your Application. After completing the form, submit it to the representative along with your supporting documents. The representative will review your application for completeness and accuracy.
Wait for Approval. The representative will submit your application for processing. Approval times can vary; in some cases, you may receive an instant decision, while others may require further review. You will be notified of the decision by mail or email.
Receive Your Card. If approved, your new Capital One credit card will be mailed to you. Upon receiving your card, follow the instructions to activate it and begin using it to earn rewards and manage your finances effectively.
Infographic
Eligibility Requirements
Student Status. Applicants must be enrolled at a qualifying educational institution, such as a university, college, or vocational school.
Age. Must be at least 18 years old (19 in Alabama and Nebraska, 21 in Puerto Rico).
Residency. Must have a valid permanent home address within the United States or its territories, including the District of Columbia, Guam, Puerto Rico, or the US Virgin Islands.
Income. Applicants should have a steady income source to demonstrate their ability to manage credit responsibly.
Credit History. While a limited credit history is acceptable, applicants generally need to demonstrate responsible credit behavior.
Legal Capacity. Applicants must have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
Application Accuracy. All application information must be accurate and complete, including any required disclosures about marital status or financial obligations.
Creditworthiness. Approval is based on meeting Capital One's credit standards, which may include factors beyond those listed, such as credit score and debt-to-income ratio.
Reasons You May Be Denied a Card
Insufficient Credit History. If you have a limited credit history or no credit history at all, the issuer may be unable to assess your creditworthiness, which could result in a denial of your credit card application.
Low Credit Score. A low credit score, often indicative of past financial difficulties or missed payments, may lead to a denial of your credit card application. Credit scores below a certain threshold may be considered risky by the issuer.
High Debt-to-Income Ratio. If you have a high debt-to-income ratio, meaning you have significant outstanding debt relative to your income, the issuer may view you as a higher credit risk and deny your application.
Recent Bankruptcy. If you have filed for bankruptcy recently, you may be denied a credit card as it indicates financial instability and an increased risk for the issuer.
Delinquent Accounts. If you have a history of late payments, defaults, or delinquent accounts on your credit report, it may signal to the issuer that you are not financially responsible and may lead to a denial of your application.
Multiple Recent Credit Applications. Applying for multiple credit cards or loans within a short period, especially if accompanied by rejections, may raise concerns for the issuer about your financial stability and lead to a denial.
How to Pay Off Credit Card Debt
Access Your Account. Sign in to your Capital One online banking account or mobile app to access your credit card information.
Review Your Balance. Take a moment to examine your outstanding balance, including any accumulated interest or fees.
Choose a Payment Method. Determine how you wish to proceed with your payment. Capital One provides several convenient options, such as online banking, mobile banking, in-person at a financial center or ATM, by phone, or through the mail.
Online Payment. If you opt for online payment, log in to your account, proceed to the bill pay section, and follow the prompts to initiate a payment. You can select to pay the minimum amount due, the full balance, or a customized amount.
Mobile Payment. Alternatively, you can utilize the Capital One mobile banking app to complete a payment. Choose your SavorOne Rewards for Students® credit card account and follow the prompts to finalize the payment process.
In-Person Payment. For those preferring in-person transactions, visit a Capital One financial center or ATM. You can make a payment using cash, a check, or your debit card at the ATM, or seek assistance from a representative at the financial center.
Phone Payment. To make a payment over the phone, dial the Capital One customer service number and follow the automated instructions to navigate to the payment section. From there, you can complete the payment using your checking account or debit card.
Mail Payment. Lastly, if mailing your payment suits your preference, utilize the payment address provided on your billing statement. Ensure to include your SavorOne Rewards for Students® credit card account number on the check or money order and allow adequate time for delivery.
Confirm Payment. Following your payment submission, verify that it has been successfully processed. You can check your account balance online or via the mobile app to confirm the payment's application to your SavorOne Rewards for Students® credit card debt.
Editorial Opinion
For students looking to earn rewards on everyday purchases without paying an annual fee, the SavorOne Rewards for Students® Credit Card presents a compelling option. The 3% cash back on dining, entertainment, and grocery purchases aligns well with typical student spending habits, while the $50 cash bonus for new cardholders provides a modest incentive to start earning rewards early. However, students should be mindful of the variable APR, which can range from 19.99% to 29.99%, depending on creditworthiness.
Is the SavorOne Rewards for Students® Credit Card worth it?
The SavorOne Rewards for Students® Credit Card offers a compelling option for students looking to earn rewards on their everyday spending without paying an annual fee. With unlimited 3% cash back on dining, entertainment, popular streaming services, and grocery store purchases, alongside 1% cash back on all other purchases, it provides significant earning potential tailored to student lifestyles. The card also features a $50 cash bonus after spending $100 within the first three months, making it a straightforward way for students to earn rewards quickly.
Who would benefit from acquiring the SavorOne Rewards for Students® Credit Card?
Students who frequently dine out, purchase entertainment tickets, subscribe to streaming services, or shop at grocery stores will find the SavorOne Rewards for Students® Credit Card particularly beneficial. The cash back rewards on these categories align well with typical student spending habits, offering tangible savings on expenses that are often central to student life. Moreover, the card's $0 annual fee and lack of foreign transaction fees make it a practical choice for students who may also travel internationally or study abroad.
Is it hard to get a SavorOne Rewards for Students® Credit Card?
Getting approved for the SavorOne Rewards for Students® Credit Card typically requires meeting Capital One's credit standards, which include factors like income, credit history, and legal capacity. While students with a limited credit history may be eligible, having a steady income source and demonstrating responsible credit behavior are important. Students who meet these criteria should find the application process manageable, especially with clear eligibility requirements and the potential benefits of earning cash back on essential spending categories.