Thu. Dec 19th, 2024

Here’s why college students should apply for credit cards like the Capital One SavorOne Student Card before graduation<!-- wp:html --><p class="headline-regular financial-disclaimer">Insider's experts choose the best products and services to help make smart decisions with your money (<a href="https://www.businessinsider.com/personal-finance/personal-finance-editorial-standards" class="not-content-link" target="_blank" rel="noopener">here’s how</a>). In some cases, we receive a commission from our <a href="https://www.insider-inc.com/commerce-on-insider-inc" class="not-content-link" target="_blank" rel="noopener">our partners</a>, however, our opinions are our own. Terms apply to offers listed on this page.</p> <p>Soon-to-be college graduates with the Capital One SavorOne Student Card can upgrade to the SavorOne Cash Rewards Card after earning their diploma.</p> <p class="copyright">Maskot/Getty Images</p> <p>Student credit cards are usually easier to get approved for, because they're geared to those with limited or average credit.<br /> The Capital One SavorOne Student Cash Rewards Credit Card is a terrific card for soon-to-be college graduates who spend a lot on dining, streaming, and Uber purchases.<br /> After graduation, you can request an upgrade to the regular Capital One SavorOne Student Cash Rewards Credit Card which is usually only available to folks with at least good credit. <br /> <a href="https://www.businessinsider.com/personal-finance/best-credit-cards-for-college-graduates">Read Insider's guide to the best credit cards for recent college graduates</a></p> <p>Finding a decent credit card as a college student with <a href="https://www.businessinsider.com/personal-finance/best-credit-cards-average-credit-score">limited or fair credit</a> (a <a href="http://www.businessinsider.com/personal-finance/what-is-fico-score">FICO</a> score between 580 and 669) can be discouraging. But if you're currently enrolled in a college or university, and about to graduate, there's a trick you can use to get approved for a better card faster. </p> <p>Soon-to-be college graduates with a limited credit history may want to consider getting the</p> <p><a href="https://www.businessinsider.com/personal-finance/capital-one-savorone-cash-rewards-student-credit-card-review">Capital One SavorOne Student Cash Rewards Credit Card</a>. With no annual fee and multiple bonus spending categories like dining, streaming, and Uber, the Capital One SavorOne Student Cash Rewards Credit Card is an easy card to love. </p> <p>Plus, upon passing your graduation date, the Capital One SavorOne Student Cash Rewards Credit Card can be converted into the regular Capital One SavorOne Cash Rewards Credit Card — a card typically only available to those with a good to excellent credit score (FICO score of at least 670). </p> <p>So even if you have limited credit (like many college graduates do), the Capital One SavorOne Cash Rewards Credit Card could be the shortcut you've been looking for. </p> <p class="headline-regular financial-disclaimer">We're focused here on the rewards and perks that come with each card. These cards won't be worth it if you're paying interest or late fees. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.</p> <h2>Cards like the Capital One SavorOne Student card are a great stepping stone</h2> <p>The Capital One SavorOne Student Cash Rewards Credit Card is one of <a href="https://www.businessinsider.com/personal-finance/best-credit-cards-students-little-no-credit-history">Insider's top card picks for students</a> looking to earn cash back in student-friendly categories like rideshares, dining, streaming, and grocery store purchases. </p> <p>It doesn't offer a <a href="https://www.businessinsider.com/personal-finance/best-low-interest-credit-cards">0% intro APR</a> on purchases or <a href="https://www.businessinsider.com/personal-finance/best-balance-transfer-credit-cards">balance transfers</a>. However, cardholders can earn a Capital One SavorOne Student Cash Rewards Credit Card.</p> <p>Finding a no-annual-fee <a href="https://www.businessinsider.com/personal-finance/best-rewards-credit-cards">rewards card</a> that offers multiple valuable cash-back categories can be hard. But the Capital One SavorOne Student Cash Rewards Credit Card offers excellent reward rates: </p> <h2>SavorOne Student Card cash back categories</h2> <p>10% back with <a href="https://www.businessinsider.com/personal-finance/best-credit-cards-uber-lyft-rideshare">Uber</a> and <a href="https://www.businessinsider.com/personal-finance/best-credit-cards-ordering-food-delivery">Uber Eats</a> (through November 14, 2024)8% back on Capital One Entertainment purchases5% back on hotels and car rentals booked through Capital One Travel3% back on entertainment, dining, <a href="https://www.businessinsider.com/personal-finance/the-best-credit-cards-for-buying-groceries">groceries</a> (not including Walmart and Target), and select streaming services1% back on all other purchases</p> <h3>SavorOne Student Cash Card perks</h3> <p>If you value your perks as much as your rewards, the Capital One SavorOne Student Cash Rewards Credit Card is certainly a win. The best perk by far is the limited-time, <a href="https://www.businessinsider.com/personal-finance/capital-one-uber-bonus-cash-back-membership-2022-11">free Uber One membership</a> through November 14, 2024, which normally costs $9.99 per month. With this perk, cardholders get:</p> <p>Unlimited $0 delivery fees on eligible food, groceries, and other Uber Eats orders (order must be at least $15 from non-grocery stores, and at least $30 from grocery stores)Up to 10% off eligible orders with Uber Eats (grocery orders do not qualify)Up to 5% off eligible rides with Uber (shared rides or rides booked 30 minutes or more in advance do not qualify)Access to exclusive member-only perks and promotions </p> <p>The card also gets you access to <a href="https://www.businessinsider.com/personal-finance/capital-one-travel-savor-quicksilver-spark-cash-student-cards-2022-5">Capital One Travel</a>, <a href="https://www.businessinsider.com/personal-finance/capital-one-entertainment-concerts-theater-sports-events-exclusive-experiences-2022-3">Capital One Entertainment</a>, and <a href="https://www.businessinsider.com/personal-finance/capital-one-dining">Capital One Dining</a> for exclusive experiences, features, and even price match guarantee and hard-to-get reservations at high-end restaurants. </p> <p>Other useful perks you'll get include price protection, extended warranty, car rental coverage, roadside dispatch, travel accident insurance, concierge services, and theft monitoring.</p> <h2>Upgrade to the regular version of the card after graduation</h2> <p>The <a href="https://www.businessinsider.com/personal-finance/capital-one-savorone-card-review">Capital One SavorOne Cash Rewards Credit Card</a> is typically only available to folks with good to excellent credit, but if you own the student version while in school, you should be able to upgrade to the regular version of the card after you graduate.  </p> <p>There's good and bad news for the Capital One SavorOne Cash Rewards Credit Card bonus categories. The upside is that those who loved the student version of the card get to keep the same diverse selection of bonus spending categories. But the downside is that the reward rates don't get any higher. </p> <h2>SavorOne Cash Rewards cash back categories</h2> <p>10% back with Uber and Uber Eats (through November 14, 2024)8% back on Capital One Entertainment purchases5% back on hotels and car rentals booked through Capital One Travel3% back on entertainment, dining, <a href="https://www.businessinsider.com/personal-finance/the-best-credit-cards-for-buying-groceries">groceries</a> (not including Walmart and Target), and select streaming services1% back on all other purchases</p> <p>You also won't be able to earn the Capital One SavorOne Cash Rewards Credit Card welcome bonus (Capital One SavorOne Cash Rewards Credit Card), since upgrading a credit card is different from applying for a new one.</p> <h3>SavorOne Cash Rewards Card benefits</h3> <p>If you loved your complimentary Uber One membership, the Capital One SavorOne Cash Rewards Credit Card has got you covered. After converting to the regular version of the card, you'll still earn 10% cash back on eligible Uber and Uber Eats purchases, plus all the benefits of the membership (offer ends November 14, 2024). </p> <p>You'll also get decent perks like extended warranty, travel accident insurance, 24-hour travel assistance service, event access, $0 fraud liability, and more.</p> <h2>Another option: Quicksilver Student Card and Quicksilver Cash Rewards Card</h2> <p>If you don't want to be tied down to specific bonus spending categories, and would prefer to earn flat-rate rewards on your purchases, you could consider the <a href="https://www.businessinsider.com/personal-finance/capital-one-quicksilver-student-cash-rewards-credit-card-review">Capital One Quicksilver Student Cash Rewards Credit Card</a> and the <a href="https://www.businessinsider.com/personal-finance/capital-one-quicksilver-cash-rewards-credit-card-review">Capital One Quicksilver Cash Rewards Credit Card</a>. The same methodology used on the SavorOne cards can be applied here: current students with fair credit can apply for the Capital One Quicksilver Student Cash Rewards Credit Card and later request an upgrade to the Capital One Quicksilver Cash Rewards Credit Card after graduation. </p> <p>Both Quicksilver Rewards cards are no-annual-fee credit cards that earn 5% back on hotels and rental cars booked through Capital One Travel, and 1.5% back on all other purchases. However, only the student version earns 10% back with Uber and Uber Eats (through November 14, 2024).</p> <h2>Compare: SavorOne Student vs SavorOne Cash Rewards</h2> <p> </p> <p>Capital One SavorOne Student Cash Rewards Credit Card</p> <p>Capital One SavorOne Cash Rewards Credit Card</p> <p>Annual fee</p> <p>Capital One SavorOne Student Cash Rewards Credit Card</p> <p>Capital One SavorOne Cash Rewards Credit Card</p> <p>Recommended credit</p> <p>Average, fair, limited</p> <p>Good to excellent</p> <p>Reward rates</p> <p>10% back with Uber and Uber Eats (through November 14, 2024)</p> <p>8% back on Capital One Entertainment purchases</p> <p>5% back on hotels and car rentals booked through Capital One Travel</p> <p>3% back on entertainment, dining, groceries (not including Walmart and Target), and select streaming services</p> <p>1% back on all other purchases</p> <p>10% back with Uber and Uber Eats (through November 14, 2024)</p> <p>8% back on Capital One Entertainment purchases</p> <p>5% back on hotels and car rentals booked through Capital One Travel</p> <p>3% back on entertainment, dining, groceries (not including Walmart and Target), and select streaming services</p> <p>1% back on all other purchases</p> <p>Welcome bonus</p> <p>Capital One SavorOne Student Cash Rewards Credit Card</p> <p>Capital One SavorOne Cash Rewards Credit CardBenefits</p> <p>Complimentary Uber One membership (through November 14, 2024)</p> <p>Price protection</p> <p>Extended warranty</p> <p>Car rental coverage</p> <p>Roadside dispatch</p> <p>Travel accident insurance</p> <p>Complimentary concierge services</p> <p>Free credit monitoring with CreditWise from Capital One</p> <p>No foreign transaction fee</p> <p>Complimentary Uber One membership (through November 14, 2024)</p> <p>Extended warranty</p> <p>Travel accident insurance</p> <p>24-hour travel assistance service</p> <p>Complimentary concierge services</p> <p>Event access</p> <p>Account and security alerts</p> <p>$0 fraud liability</p> <p>Virtual card numbers</p> <p>Card lock</p> <p>Capital One SavorOne Cash Rewards Credit Card (then aCapital One SavorOne Cash Rewards Credit Card APR)</p> <p>Review<a href="http://www.businessinsider.com/personal-finance/capital-one-savorone-cash-rewards-student-credit-card-review">SavorOne Student Card review</a></p> <p><a href="https://www.businessinsider.com/personal-finance/capital-one-savorone-card-review">SavorOne Cash Rewards Card review</a></p> <h2>Compare: Quicksilver Student Card vs Quicksilver Cash Rewards Card</h2> <p> </p> <p>Capital One Quicksilver Student Cash Rewards Credit Card</p> <p>Capital One Quicksilver Cash Rewards Credit CardAnnual fee</p> <p>Capital One Quicksilver Student Cash Rewards Credit Card</p> <p>Capital One Quicksilver Cash Rewards Credit CardRecommended credit</p> <p>Average, fair, limited</p> <p>Good to excellentReward rates</p> <p>10% cash back on Uber and Uber Eats purchases through November 14, 2024</p> <p>5% cash back on hotels and rental cars booked through Capital One Travel</p> <p>1.5% cash back on all purchases</p> <p> </p> <p>5% cash back on hotels and rental cars booked through Capital One Travel</p> <p>1.5% cash back on all purchases</p> <p>Welcome bonus</p> <p>Capital One Quicksilver Student Cash Rewards Credit Card</p> <p>Capital One Quicksilver Cash Rewards Credit CardBenefits</p> <p>Price protection</p> <p>Extended warranty</p> <p>Car rental coverage</p> <p>Roadside dispatch</p> <p>Travel accident insurance</p> <p>Complimentary concierge services</p> <p>Free credit monitoring with CreditWise from Capital One</p> <p>Complimentary Uber One membership (through November 14, 2024)</p> <p>Extended warranty</p> <p>Travel accident insurance</p> <p>Travel assistance services</p> <p>Up to six months of complimentary Uber One membership statement credits (through November 14, 2024)</p> <p>Capital One Quicksilver Cash Rewards Credit Card (then a Capital One Quicksilver Cash Rewards Credit Card APR)</p> <p>Review</p> <p><a href="https://www.businessinsider.com/personal-finance/capital-one-quicksilver-student-cash-rewards-credit-card-review">Quicksilver Student Rewards review</a></p> <p><a href="https://www.businessinsider.com/personal-finance/capital-one-quicksilver-cash-rewards-credit-card-review">Quicksilver Rewards review</a></p> <div class="read-original">Read the original article on <a href="https://www.businessinsider.com/personal-finance/apply-student-credit-card-before-graduation-shortcut">Business Insider</a></div><!-- /wp:html -->

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.

Soon-to-be college graduates with the Capital One SavorOne Student Card can upgrade to the SavorOne Cash Rewards Card after earning their diploma.

Student credit cards are usually easier to get approved for, because they’re geared to those with limited or average credit.
The Capital One SavorOne Student Cash Rewards Credit Card is a terrific card for soon-to-be college graduates who spend a lot on dining, streaming, and Uber purchases.
After graduation, you can request an upgrade to the regular Capital One SavorOne Student Cash Rewards Credit Card which is usually only available to folks with at least good credit. 
Read Insider’s guide to the best credit cards for recent college graduates

Finding a decent credit card as a college student with limited or fair credit (a FICO score between 580 and 669) can be discouraging. But if you’re currently enrolled in a college or university, and about to graduate, there’s a trick you can use to get approved for a better card faster. 

Soon-to-be college graduates with a limited credit history may want to consider getting the

Capital One SavorOne Student Cash Rewards Credit Card. With no annual fee and multiple bonus spending categories like dining, streaming, and Uber, the Capital One SavorOne Student Cash Rewards Credit Card is an easy card to love. 

Plus, upon passing your graduation date, the Capital One SavorOne Student Cash Rewards Credit Card can be converted into the regular Capital One SavorOne Cash Rewards Credit Card — a card typically only available to those with a good to excellent credit score (FICO score of at least 670). 

So even if you have limited credit (like many college graduates do), the Capital One SavorOne Cash Rewards Credit Card could be the shortcut you’ve been looking for. 

We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

Cards like the Capital One SavorOne Student card are a great stepping stone

The Capital One SavorOne Student Cash Rewards Credit Card is one of Insider’s top card picks for students looking to earn cash back in student-friendly categories like rideshares, dining, streaming, and grocery store purchases. 

It doesn’t offer a 0% intro APR on purchases or balance transfers. However, cardholders can earn a Capital One SavorOne Student Cash Rewards Credit Card.

Finding a no-annual-fee rewards card that offers multiple valuable cash-back categories can be hard. But the Capital One SavorOne Student Cash Rewards Credit Card offers excellent reward rates: 

SavorOne Student Card cash back categories

10% back with Uber and Uber Eats (through November 14, 2024)8% back on Capital One Entertainment purchases5% back on hotels and car rentals booked through Capital One Travel3% back on entertainment, dining, groceries (not including Walmart and Target), and select streaming services1% back on all other purchases

SavorOne Student Cash Card perks

If you value your perks as much as your rewards, the Capital One SavorOne Student Cash Rewards Credit Card is certainly a win. The best perk by far is the limited-time, free Uber One membership through November 14, 2024, which normally costs $9.99 per month. With this perk, cardholders get:

Unlimited $0 delivery fees on eligible food, groceries, and other Uber Eats orders (order must be at least $15 from non-grocery stores, and at least $30 from grocery stores)Up to 10% off eligible orders with Uber Eats (grocery orders do not qualify)Up to 5% off eligible rides with Uber (shared rides or rides booked 30 minutes or more in advance do not qualify)Access to exclusive member-only perks and promotions 

The card also gets you access to Capital One Travel, Capital One Entertainment, and Capital One Dining for exclusive experiences, features, and even price match guarantee and hard-to-get reservations at high-end restaurants. 

Other useful perks you’ll get include price protection, extended warranty, car rental coverage, roadside dispatch, travel accident insurance, concierge services, and theft monitoring.

Upgrade to the regular version of the card after graduation

The Capital One SavorOne Cash Rewards Credit Card is typically only available to folks with good to excellent credit, but if you own the student version while in school, you should be able to upgrade to the regular version of the card after you graduate.  

There’s good and bad news for the Capital One SavorOne Cash Rewards Credit Card bonus categories. The upside is that those who loved the student version of the card get to keep the same diverse selection of bonus spending categories. But the downside is that the reward rates don’t get any higher. 

SavorOne Cash Rewards cash back categories

10% back with Uber and Uber Eats (through November 14, 2024)8% back on Capital One Entertainment purchases5% back on hotels and car rentals booked through Capital One Travel3% back on entertainment, dining, groceries (not including Walmart and Target), and select streaming services1% back on all other purchases

You also won’t be able to earn the Capital One SavorOne Cash Rewards Credit Card welcome bonus (Capital One SavorOne Cash Rewards Credit Card), since upgrading a credit card is different from applying for a new one.

SavorOne Cash Rewards Card benefits

If you loved your complimentary Uber One membership, the Capital One SavorOne Cash Rewards Credit Card has got you covered. After converting to the regular version of the card, you’ll still earn 10% cash back on eligible Uber and Uber Eats purchases, plus all the benefits of the membership (offer ends November 14, 2024). 

You’ll also get decent perks like extended warranty, travel accident insurance, 24-hour travel assistance service, event access, $0 fraud liability, and more.

Another option: Quicksilver Student Card and Quicksilver Cash Rewards Card

If you don’t want to be tied down to specific bonus spending categories, and would prefer to earn flat-rate rewards on your purchases, you could consider the Capital One Quicksilver Student Cash Rewards Credit Card and the Capital One Quicksilver Cash Rewards Credit Card. The same methodology used on the SavorOne cards can be applied here: current students with fair credit can apply for the Capital One Quicksilver Student Cash Rewards Credit Card and later request an upgrade to the Capital One Quicksilver Cash Rewards Credit Card after graduation. 

Both Quicksilver Rewards cards are no-annual-fee credit cards that earn 5% back on hotels and rental cars booked through Capital One Travel, and 1.5% back on all other purchases. However, only the student version earns 10% back with Uber and Uber Eats (through November 14, 2024).

Compare: SavorOne Student vs SavorOne Cash Rewards

 

Capital One SavorOne Student Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

Annual fee

Capital One SavorOne Student Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

Recommended credit

Average, fair, limited

Good to excellent

Reward rates

10% back with Uber and Uber Eats (through November 14, 2024)

8% back on Capital One Entertainment purchases

5% back on hotels and car rentals booked through Capital One Travel

3% back on entertainment, dining, groceries (not including Walmart and Target), and select streaming services

1% back on all other purchases

10% back with Uber and Uber Eats (through November 14, 2024)

8% back on Capital One Entertainment purchases

5% back on hotels and car rentals booked through Capital One Travel

3% back on entertainment, dining, groceries (not including Walmart and Target), and select streaming services

1% back on all other purchases

Welcome bonus

Capital One SavorOne Student Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit CardBenefits

Complimentary Uber One membership (through November 14, 2024)

Price protection

Extended warranty

Car rental coverage

Roadside dispatch

Travel accident insurance

Complimentary concierge services

Free credit monitoring with CreditWise from Capital One

No foreign transaction fee

Complimentary Uber One membership (through November 14, 2024)

Extended warranty

Travel accident insurance

24-hour travel assistance service

Complimentary concierge services

Event access

Account and security alerts

$0 fraud liability

Virtual card numbers

Card lock

Capital One SavorOne Cash Rewards Credit Card (then aCapital One SavorOne Cash Rewards Credit Card APR)

ReviewSavorOne Student Card review

SavorOne Cash Rewards Card review

Compare: Quicksilver Student Card vs Quicksilver Cash Rewards Card

 

Capital One Quicksilver Student Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit CardAnnual fee

Capital One Quicksilver Student Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit CardRecommended credit

Average, fair, limited

Good to excellentReward rates

10% cash back on Uber and Uber Eats purchases through November 14, 2024

5% cash back on hotels and rental cars booked through Capital One Travel

1.5% cash back on all purchases

 

5% cash back on hotels and rental cars booked through Capital One Travel

1.5% cash back on all purchases

Welcome bonus

Capital One Quicksilver Student Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit CardBenefits

Price protection

Extended warranty

Car rental coverage

Roadside dispatch

Travel accident insurance

Complimentary concierge services

Free credit monitoring with CreditWise from Capital One

Complimentary Uber One membership (through November 14, 2024)

Extended warranty

Travel accident insurance

Travel assistance services

Up to six months of complimentary Uber One membership statement credits (through November 14, 2024)

Capital One Quicksilver Cash Rewards Credit Card (then a Capital One Quicksilver Cash Rewards Credit Card APR)

Review

Quicksilver Student Rewards review

Quicksilver Rewards review

Read the original article on Business Insider

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