The Journey Scholar Rewards from Capital One is not taking new candidates, though current cardholders can nonetheless use the cardboard. These within the Journey Scholar Rewards card ought to take a look at the Capital One Quicksilver Scholar Money Rewards or the Capital One SavorOne Scholar Money Rewards Credit score Card as a substitute.
Key takeaways
- The Capital One Quicksilver Scholar Money Rewards Credit score Card and the Journey Scholar Rewards from Capital One each supply college students the possibility to construct credit score whereas incomes rewards with no annual price required.
- With a 1.5 p.c money again charge on purchases, the Quicksilver Scholar Money Rewards has the power to earn extra in rewards than the Journey Scholar Rewards card.
- The Quicksilver Scholar Money Rewards card additionally comes with a welcome bonus, whereas the Journey Scholar Rewards card doesn’t.
As extra pupil bank cards enter the starter bank card area, you may be questioning which one is best for you. Most main issuers have respectable pupil bank card affords, all with various rewards charges, welcome affords and different advantages.
On this comparability information, we’ll have a look at two pupil bank cards from Capital One — the Capital One Quicksilver Scholar Money Rewards Credit score Card and the Journey Scholar Rewards from Capital One*.
Major particulars
| Capital One Quicksilver Scholar Money Rewards Credit score Card | Journey Scholar Rewards from Capital One | |
|---|---|---|
| Welcome bonus | Early Spend Bonus: Earn $50 once you spend $100 within the first three months | N/A |
| Rewards charge |
- Advertisement -
|
|
| Intro APR | N/A | N/A |
| Annual price | N/A | $0 |
Quicksilver Scholar Money Rewards vs. Journey Scholar Rewards highlights
Rewards charge winner
Welcome bonus winner
Overseas transaction price winner
Which card earns probably the most?
The next is a reasonably simple spending instance since we’re evaluating the 1.5 p.c money again earned from the Quicksilver Scholar Money Rewards to the 1 p.c money again earned from the Journey Scholar Rewards. Along with that, we’ll additionally throw within the Journey Scholar Rewards bonus money again charge of 1.25 p.c to see how a lot you may earn as an on-time payer.
Quicksilver Scholar Money Rewards vs. Journey Scholar Rewards spending instance
Let’s say you spend $125 on groceries, $50 on eating, $30 on leisure and $40 on miscellaneous bills every month for a complete of $245. Of the three incomes charges for the 2 playing cards, you might earn the next money again in your purchases every month:
| Quicksilver Scholar Money Rewards (1.5%) | Journey Scholar Rewards (1%) | Journey Scholar Rewards (1.25%) | |
|---|---|---|---|
| Groceries ($125) | $1.88 | $1.25 | $1.56 |
| Eating ($50) | $0.75 | $0.50 | $0.63 |
| Leisure ($30) | $0.45 | $0.30 | $0.37 |
| Miscellaneous ($40) | $0.60 | $0.40 | $0.50 |
| Whole spent ($245) | $3.68 | $2.45 | $3.06 |
For this spending instance, we used modest spending quantities to estimate the potential rewards earnings since college students possible received’t have excessive credit score limits or spending budgets. However you may see that the Quicksilver Scholar Money Rewards wins out on money again each time.
The Quicksilver Scholar Money Rewards even beats out the Journey Scholar Rewards when it comes to the welcome bonus. That’s more money in your pocket that you should use nonetheless you need — for streaming providers, takeout, procuring or no matter.
Why do you have to get the Quicksilver Scholar Money Rewards?
It’s best to get the Capital One Quicksilver Scholar Money card if you would like a simple method to earn a good money again charge and a stable welcome bonus. Plus, the cardboard contains a number of methods to redeem rewards and no international transaction charges, making it an excellent decide when you’re planning to journey or research overseas. It additionally comes with entry to Capital One Journey and 5 p.c money again on motels and rental vehicles booked by means of the portal.
Further advantages
The Quicksilver Scholar Money Rewards comes with numerous card advantages like value safety, prolonged guarantee safety, complimentary concierge providers, journey accident insurance coverage, $0 fraud legal responsibility, digital card numbers from Eno and credit score monitoring by means of CreditWise, amongst others.
Additionally, you may robotically be thought of for the next credit score restrict in as little as six months, which is a a lot shorter time interval than competing pupil playing cards. Should you use your card responsibly, which implies paying your invoice on time and preserving your stability in test, then Capital One may reward you with an elevated credit score restrict.
Redemption choices
Quicksilver Scholar Money Rewards cardholders can redeem their money again rewards for assertion credit, checks or to cowl a current buy. Rewards can be redeemed once you checkout with PayPal, procuring on Amazon and for reward playing cards from retailers like Starbucks, Ulta Magnificence, Panera Bread, Complete Meals and others.
Advisable credit score rating
Since it is a pupil bank card, your approval odds are possible higher in case your credit score profile is, at minimal, within the truthful to good credit score vary (a FICO rating of 580 to 740).
Why do you have to get the Journey Scholar Rewards?
Should you’re a brand new cardholder seeking to construct your credit score or apply good monetary habits and also you’re not within the welcome bonuses or greater rewards charges that include different pupil playing cards, then the Journey Scholar Rewards might be an excellent match for you. (Editor’s Word: The Journey Scholar Rewards card is not accepting new purposes.)
Further advantages
The Journey Scholar Rewards doesn’t have as many card advantages because the Quicksilver Scholar Money Rewards. The primary advantages this card affords embrace entry to the Capital One Journey portal, $0 fraud legal responsibility, digital card numbers from Eno, credit score monitoring by means of CreditWise and emergency card substitute. Plus, just like the Quicksilver Scholar Money Rewards, you’ll be robotically thought of for the next credit score restrict after six months.
Redemption choices
The redemption strategies for this card are the identical because the Quicksilver Scholar Money Rewards. You may redeem your money again within the type of assertion credit, checks, reward playing cards or procuring at Amazon or by way of PayPal.
Advisable credit score rating
The Journey Scholar Rewards requires a good to good credit score rating (a FICO rating of 580 to 740).
The underside line
Constructing credit score could be a lengthy and tough course of, however beginning early could make an enormous distinction. A few of the greatest pupil bank cards might help you construct credit score whereas additionally providing you perks like welcome bonuses and money again on your entire purchases.
On this case, there are execs and cons for each the Capital One Quicksilver Scholar Money Rewards and the Journey Scholar Rewards from Capital One. Nonetheless, even when you solely plan to hold on to a pupil card for a yr or two, the Quicksilver Scholar Money Rewards beats out the Journey Scholar Rewards when it comes to its greater rewards charge, welcome bonus and extra advantages.
*The details about the Journey Scholar Rewards from Capital One card has been collected independently by Bankrate. The cardboard particulars haven’t been reviewed or authorized by the issuer.
