Maximize Rewards With the Journey Student Rewards from Capital One
By making monthly payments on time, cardholders can boost their monthly cash back earnings to 1.25% for all purchases made, maximizing their rewards while establishing good credit practices.
Where and How to Redeem Rewards
Since this is a simple, flat-rate cash back card, you don’t need to put much effort into dealing with a complicated rewards program. You can either request your cash back rewards as a statement credit applied to your bill or as a check. For an even easier way to manage rewards, you can set automatic redemption thresholds to credit your account any time your rewards balance reaches $25, $50, $100, $200, $500 or $1,500. You can also purchase gift cards or exchange your cash back balance as a credit for previous purchases, though redemption values may vary, so these options aren’t always ideal for getting the most value from the card.
Comparisons With Other Cards
Annual fee: Both cards have no annual fee.
Rewards: The Journey Student Rewards from Capital One card offers 1% cash back on all purchases, plus the incentive to boost cash back to 1.25% if payments are made on time. Enroll to earn 5% cash back with the Discover it Student Cash Back at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum each time you activate. All other purchases automatically earn 1% unlimited cash back.
Welcome offer: The Journey Student Rewards from Capital One card does not have a welcome offer. The Discover it Student Cash Back will automatically match all cash back earned at the end of the first year for new cardholders.
Benefits: The Journey Student Rewards from Capital One card offers benefits such as emergency card services and fraud coverage. The Discover it Student Cash Back offers Discover’s Freeze it app, which allows cardholders to freeze and unfreeze their card at any time. Access to a free monthly FICO score is also available.
Annual fee: Both cards have no annual fee.
Rewards: The Journey Student Rewards from Capital One card offers 1% cash back on all purchases, plus the incentive to boost cash back to 1.25% if payments are made on time. The Bank of America Cash Rewards Credit Card for Students offers 3% cash back in a category of your choice, including gas, online shopping, travel, dining, drugstores, and home improvement and furnishings, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. The 3% and 2% cash back earnings are eligible on up to $2,500 in combined choice category, grocery store and wholesale club purchases each quarter (then 1%).
Welcome offer: The Journey Student Rewards from Capital One card does not have a welcome offer. For the Bank of America Cash Rewards Credit Card for Students, new cardholders receive a $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening.
Benefits: The Journey Student Rewards from Capital One card offers benefits such as emergency card services and fraud coverage. The Bank of America Cash Rewards Credit Card for Students offers a zero dollar liability guarantee for fraudulent transactions, account alerts, free monthly FICO credit score access and overdraft protection when you link your eligible Bank of America checking account to your credit card.
Should You Get the Journey Student Rewards from Capital One?
This card is best for you if:
- You don’t have credit history and want to start building credit.
- You want a straightforward cash back card that is easy to use.
- You don’t want to pay an annual fee.
For Capital One products listed on this page, some of the above benefits are provided by Visa(R) or Mastercard(R) and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.