Capital One Journey Credit Card Review
Is the Capital One Journey student rewards card a good choice or not?
With so many student cards on the market vying for your attention, choosing one is no easy task. Here’s an honest review of Capital One’s version.
What are the requirements?
Well they say it’s “a card designed to help students build credit” but what if you’re not one? Can non-students apply for the Capital One Journey card too? The answer is no.
To apply you either need to be a current student or planning to enroll in college in the future. The application also says that in order to qualify, your rent/mortgage must be less than your income AND meet whatever the credit score/history requirements are (they classify the credit level as “average” which is to be expected since it’s a student credit card).
What are the rewards?
So the official name is the “Capital One Journey Student Rewards Credit Card” and I know you must be wondering what those rewards are, right? Well here’s what they offer:
- flat 1% cash back on all purchases
- 0.25% bonus on the cash back each month payment is made on time
This is a pretty good deal, because assuming payments are made on time it means this is essentially a 1.25% cash back credit card, which is above the average 1% seen on most credit cards.
What’s the interest rate?
As I’m writing this review they list the purchase and balance transfer APRs at 19.8% and the cash advance APR at 24.9%. High for a regular credit card, but fairly normal for a student card.
Verdict?
With no annual fee and the ability to earn 1.25% in rewards, the Capital One Journey card appears to be a good deal. However you should also know that there are other cards in this category from different issuers that give up to 5% rewards, so review them before making your decision.
Others to consider?
As of the time of writing Credit Card Forum doesn’t advertise Capital One, but we do advertise cards from most other major banks. Check out these reviews:
