Capital One announced it is releasing two new credit cards for college students, bringing the total number of student cards available to three.
The new cards, introduced by the company on Aug. 17, include:
- SavorOne Student: Unlimited 3% cashback is available on things like dining, entertainment, streaming services and grocery stores, with some exceptions. Additionally, 1% cashback is available on all other purchases.
- Quicksilver Student: Cardholders earn unlimited 1.5% cashback on all purchases, every day.
These will join the company’s existing Journey student rewards card, which allows cardholders to earn unlimited 1% cashback on every purchase. Cardholders can boost the cashback to 1.25% when making on-time payments.
If you're looking for a new credit card, visit Credible to view multiple options at once and find the card that best meets your needs.
Capital One unveils new cards’ terms and advantages
With the launch, Capital One announced the terms and advantages of its new cards.
These are a few of the benefits:
- Special access to certain sports, dining and entertainment experiences
- No annual fees
- Cardholders can get unlimited cash back with no expiration date while the account is open
- No minimums for cashback reward redemption and no rotating categories
- No foreign transaction fees
If you are interested in comparing these fees, benefits and rewards rates to other cards available, visit Credible to view multiple student cards at once.
How can college students save money?
College students looking to save money have several options available to them. Here are a few ways they can save:
Take out a student credit card: Students can take out a credit card specifically tailored for them. They can use it to pay for their monthly expenses and get cash back on their purchases and then pay the card back down each month. As long as students continue to pay their card back by the monthly due date, they can use it to earn cash rewards. This will also help them to start building credit.
To get an idea of the options available to you, you can visit Credible to compare multiple rewards credit cards at once and review their perks.
Refinance your student loan: If you’re a private student loan holder, refinancing could help you save significantly on your monthly payment due to today’s low interest rates. Visit Credible to use a student loan calculator to see how much you could save. And if you're not sure if refinancing is right for you, contact Credible to speak to a finance expert and get all of your questions answered.
Have a finance-related question, but don't know who to ask? Email The Credible Money Expert at firstname.lastname@example.org and your question might be answered by Credible in our Money Expert column.