The activities a students life centers’ around are related to academics, buying books, college supplies, dining, and shuttling between home and college. A credit card is essential to meet these requirements. Over here we are going to look at the different offerings available to students on the Journey Student credit card from Capital One and how can they benefit from using this card.
Journey Student credit card from Capital One is a fantastic beginner card for students. You receive 1% cashback on all your purchases such as books, clothing, food essentials, and electronic devices. If you make your credit card payment on time, then you get an additional 0.25% cashback for the existing purchases, which increases your cash back percentage to 1.25%. The points that you earn can be redeemed for statement credits, check, and gift cards.
If you are looking to rebuild your fair credit score or if you are starting out as a student and do not have a credit history, then you may apply for this card.
Journey Student credit card does not have an annual fee, nor do you have to pay a foreign transaction fee when you use this card on a trip abroad or if you buy something online from a vendor outside your country and the payment is converted into the local currency.
Journey student card holders will get a minimum credit line of $300. By enrolling in Capital One Credit Steps program, they can eventually raise the credit limit. To increase your limit, you must make your first five payments on time.
Pointers to help rebuild credit to smoothen your student journey
- As someone who is looking to rebuild credit, you must know your Fico score and periodically track the credit score changes. You can sign up for Credit Wise app which will give you an idea of your vantage score, and it notifies you if there are any changes in Experian or TransUnion credit report. In case of any misreporting or error, you must get it rectified at the earliest.
- Knowing your payment due date and the time it takes for a payment to be applied to your account will help you avoid any late payment charges.
- It is advisable to use less than 30 percent of the credit available to you when you are trying to rebuild your credit. Low utilization and complete repayment of balance each month are helpful in raising the credit line and improving the score.
- You can set up a reminder, alerts, and an autopay feature on your Capital One account, which will keep a track of all the payments so that you can stay focused on your studies.
We are listing out the various types of protection that are available to Journey Student cardholders
Fraud Liability Protection: Fraud Liability protection will safeguard you from any unauthorized charges on your card in case it is lost or stolen. You must report this at the earliest so that the card can be blocked.
24-Hour Travel Assistance Services: Travel assistance service is available 24 hours, 7 days a week in case you need an emergency card replacement or a cash advance.
Extended Warranty: You get up to one year of additional warranty on your eligible purchases. Items such as motorized vehicles, boats, medical equipment are not covered under extended warranty benefit.
Travel Accident Insurance: This card offers coverage up to $100,000 against accidental loss of life, limb, sight, speech or hearing while riding as a passenger on a common carrier. However, to be eligible to file this claim the fare should have been completed charged to the card.
Auto Rental Collision Damage Waiver: Your rental card is covered against collision damage and theft if you have charged the complete rental amount on your Journey Student card. The benefit covers 15 consecutive days of the rental period within the country of your residence, and 31days consecutive days of rental abroad.
The APR on this card is 26.99%. This card does not have an introductory APR and a high APR rate therefore it is not great for any balance transfer transactions.
If you are looking for a credit card that is simple, effective and easy to manage then you can apply for Journey Student credit card from Capital One.