Review of Capital One SavorOne Student Rewards Credit Card: $100 Bonus

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The Capital One SavorOne Student Rewards Credit Card is a great choice for students who eat out a lot. It earns 3% cashback on dining, grocery, streaming, and entertainment. You will also receive 10% off your Uber and Uber Eats purchases until November 14, 2024.

And for a limited timeIt offers a $100 cash welcome bonus for customers who spend $100 within three months of opening an account.

Review: Is Capital One SavorOne Student Card your best choice of credit card?

There are many questions to be answered when you go to college. It is not clear what your major will be. Maybe you don’t even know your roommate. Maybe you don’t know if you’ll be able to feel comfortable away from home. One thing is certain: You’ll need food.

This is what makes Capital One SavorOne Student cash Rewards Credit Card one the most compelling. credit card offers for college students. The card earns you 3% cash back grocery storesAnd restaurants, cafes, bars, and lounges — basically most places that sell food with the exception of Walmart and Target. You’ll also get a free Uber One membership (a monthly $9.99 value) and 10% back on Uber purchases — including Uber Eats — through November 14, 2024. This card will save you a lot if you use both of these services often.

Although this card does not usually come with a welcome bonus, it offers a $100 cash bonus if you spend $100 within the first 3 months. last chance to apply.

This minimum spending requirement is easily met by most students. It’s also a great deal for a card that doesn’t have an annual fee.

You’ll also earn 3% when you spend on:

• Entertainment: Movies, professional sporting events (collegiate ticket not included), amusement parks and record stores, as well as bowling alleys and other entertainment.
• Streaming services: Platforms such as Netflix, Hulu, or Disney+

You’ll get a standard 1% cashback on every purchase you make with the card. This excludes hotel and car rental bookings through Capital One Travel (which earns 5% cash back) and Capital One Entertainment (which earns 8% cash back).

The bonus structure is generous, and places this card on the same level with the bank’s traditional Capital One SavorOne Rewards Credit Card. This card is usually only available to those with good credit. All you need to get started is fair credit — a low bar that most college students can clear.

You can also use the card to earn additional cash back. You can use the concierge service to make dinner reservations, find tickets for a show, and book travel. Cardholders also have access to the brand new Capital One DiningAnd Capital One Entertainment platforms.

Keep in mind that this card doesn’t always offer a bonus. It may be worth comparing it to other cards that offer welcome bonuses. Discover it® Student Cash BackCard or $50 Bonus on your first purchase within the first three months of account opening Chase Freedom® Student credit card.

The Capital One SavorOne Student Rewards Credit Card is a great way to earn rewards. laying the foundation for your credit — a key piece of your success, no matter what you do after graduation.

We’re focusing here on the benefits and perks that each card comes with. If you have to pay interest or late fees, these cards will not be worth the cost. It is important to pay your credit card in full each month, make timely payments, and only spend what you are able to afford.

How to earn rewards with the Capital One SavorOne student card

Before you use the Capital One SavorOne student Cash Rewards Credit card, it is important to understand which merchants are eligible for the 3% bonus structure. Here are some key points you should remember:

• Groceries: All supermarkets, specialty stores, dairy shops, meat lockers, and other grocery stores are considered grocery stores. You won’t earn an accelerated bonus if your food is purchased at Walmart or Target. Instead, you will get the standard 1% cashback for those purchases.
• Dining:There are no exclusions. This card will earn you 3% cashback if you eat outside of your apartment/dorm.
• Streaming:Most streaming servicesThere are some exceptions to this rule. Prime Video, AT&T TV, Verizon FIOS On Demand, and all audiobook subscription services don’t count. 
• Entertainment: This includes a wide range of fun days and evenings out — everything from aquariums to dance halls. The bonus is not available for collegiate sports events or golf courses.

There are no minimums on the cash you can earn. The combination of grocery shopping and dining can be particularly rewarding. Let’s say you spend $300 in these categories each month — over the course of the year, you would earn $108 cash back.

You’ll also get 5% cash back when you book hotels or car rentals through Capital One Travel. Capital One Entertainment purchases earns 8% cash back. Uber and Uber Eats purchases up to November 14, 2024 earn you 10% cash back.

How to use Capital One SavorOne’s student card rewards

You can request a credit statement to pay off purchases on your credit card, or request a check to be sent directly to your mailbox. You don’t have to redeem a minimum amount. Capital One also offers the possibility to convert cash back into gift card, but the redemption rates can vary.

You can redeem rewards for tickets to concerts and sporting events through Capital One Entertainment or cash in rewards for flights, hotels and car rentals. via the Capital One Travel portal.

Benefits and features

This card comes with some notable perks — a somewhat surprising bit of news since most student cards are bare-bones offerings. Some of these cards are made for college students, and you’ll be able to take advantage of some of the benefits. 

Uber One membership free

You can also earn 10% back on Uber and Uber Eats orders. activate a free Uber One membershipValid until November 14, 2024. Otherwise, you’d have to pay $9.99 per monthly for this subscription. It offers:

• Unlimited $0 delivery fees for eligible food, groceries, or other Uber Eats order (order must be at minimum $15 from non-grocery shops and at least $30 at grocery stores).
• Uber Eats offers discounts up to 10% on eligible orders (grocery orders are not eligible).
• Uber offers up to 5% off eligible rides (shared rides and rides booked 30 minutes in advance do not qualify).
• Exclusive member-only perks, promotions and discounts

This is a $240 value if you’ll use it — a stunning perk to be on a student credit card.

Price protection

You may be reimbursed if you find a lower price for a new item purchased with your Capital One SavorOne Credit Card within 120 calendar days.

Extended warranty

The Capital One SavorOne Credit Card Cash Rewards for Students automatically doubles the manufacturer’s warranty or store’s warranty on eligible purchases that are made with the card.

Car rental coverage

You may be eligible for coverage for theft and physical damage if you use the Capital One SavorOne Credit Card to pay for your eligible rental vehicle.

Roadside dispatch

Capital One SavorOne Student cash Rewards Credit Card cardholders have access to a 24 hour toll-free dispatch number that can assist with fuel delivery and towing for a flat fee.

Concierge services

Consult with a concierge 24/7/365 if you need help planning your vacation, making reservations, or finding tickets for a summer music festival.

Travel accident insurance

You might be eligible to receive insurance coverage if your fare is purchased with your Capital One SavorOne student Cash Rewards Credit card.

Capital One Travel

Capital One Travel was unavailable to all but a few Capital One cardholders. Capital One SavorOne Student cash rewards credit card cardholders have access to the platform and can use their rewards (or their card), to book flights, hotels and rental cars. Cardholders get 5% cashback for hotel and car rentals, and they also have access to cool features such as price prediction, price monitor, and a price match promise.

Capital One Entertainment

Capital One Entertainment allows cardholders to book special experiences, tickets for concerts and theatres, and festivals. These events allow you to redeem rewards from the card. However, some events do not allow you to use rewards for payment. For some experiences, cash is available or a combination thereof.

Capital One Dining

Capital One Dining allows you to make reservations at high-end restaurants, and even enter information such as dietary preferences or special events into your profile. Although this service is not currently available in all major cities, it can prove to be useful if there is difficulty finding restaurant availability.

Capital One CreditWise

Capital One CreditWise, a program that is completely free, offers credit and identity theft monitoring. It’s available to anyone — you don’t need the Capital One SavorOne Student Credit Card Cash Rewards Credit Card to enroll — but it’s a handy feature, especially if you’re a student just starting out with credit and want to keep an eye on changes to your credit score.

Fees and costs

Like most student credit cards there is one. no annual fee on this card. There are no foreign transaction feesIf you are considering a semester abroad, this is a must. 

The most important thing about using this card is to pay your balance in full each monthly. The APR of 17.99%-27.99% Variable can quickly eat into any cashback rewards you earn. College is a crucial time to build your credit history. Avoid the high-priced debts that can haunt you long after graduation and put yourself in the magnacum laude personal financial category.

Comparison: Capital One SavorOne student cash rewards vs. other Capital One cards

Capital One SavorOne student cash rewards vs. other credit cards

Capital One SavorOne student cash rewards card frequently asked questions