The Capital One Journey student credit card is definitely one of the quickest ways to establish credit without an outstanding credit history. Despite its name, however, you do not need to be an active student to qualify for this card. Students who are enrolled full-time and who have good to average to poor credit scores can apply and receive a cash-back rewards scheme that increases as you make your payments on time each month. This card provides all the benefits that would normally come with a high-end credit card, but in a way that allows students to keep their credit score and financial obligations intact while still maintaining a positive credit history.
As most student credit cards operate on a zero percent interest introductory period, it is important to remember that any remaining balance due will accumulate a high interest rate. It is important to pay off any debt as soon as possible to avoid any long-term negative consequences. It is also important to note that most cards require monthly payments by the student, but in many cases you do not need to submit a formal monthly payment to your parents or guardians, as the payment is sent directly to your student credit card company. It is important to realize that while the money you put toward your Capital One Journey card is going to improve your credit score, it will not help you if you have other debts that you are still responsible for. Once you start repaying your credit cards, you are establishing your credit history for the future.
This credit card will allow you to use it like a regular credit card, making purchases anywhere that accepts Visa. However, because you are a student, it will not be able to make purchases over a certain amount of money (such as for gasoline or clothing) when you are out of funds or need cash immediately. If your balance rises above the card's cash back limit, you will be billed the difference, which means the difference between what the card cost you and what you are allowed to charge. The cash back limit is different for each card, so make sure you check the individual terms and conditions before you make any purchases.
Capital One Journey offers the opportunity to earn cash back rewards from restaurants and grocery stores. The card can also be used in conjunction with other cards to earn reward points or cash back. There are no annual fees or over the limit charges. Students can earn cash back points on gasoline purchases and on purchases at home, office supply retailers, restaurants, movie theaters, and travel stores. There are also no annual fees to maintain a student credit card account.
These credit cards are a great alternative to credit cards that require you to pay a higher interest rate than standard credit cards. In many cases, students can save thousands of dollars in interest over time by using their student cards. Credit card issuers charge high interest rates because the card is not considered to be in credit, but they do not consider student cardholders to be high risk.
When you want to get a credit card, there are many options available that you should consider carefully before signing up. It is important to keep a close eye on your credit and use it wisely to protect both your financial situation and your credit rating.
