Chase Freedom® Student Card or Capital One SavorOne Rewards for Students
If you are a student, choosing the right card to build credit while enjoying benefits is essential. So, Chase Freedom® Student Card or Capital One SavorOne Rewards for Students? Read the comparison right below!
Chase Freedom® Student Card vs. Capital One SavorOne Rewards for Students: which is the best?
Chase and Capital One are fantastic when it comes to credit card options, no matter what your needs and goals are. But when it’s time to choose, you need to compare pros and cons before making a final decision. A credit card needs to be a helpful tool, not a burden. So which one is better: Chase Freedom® Student Card or Capital One SavorOne Rewards for Students? You need to choose wisely depending on your profile. Both banks feature cards for students, so you can build credit without worrying about high fees.
Keep reading to learn more about these products.
However, each bank has its own perks attached to credit cards. Also, selecting the best card for you might be challenging with many options available. That’s why we present to you a comparison between two unique credit cards designed for students. Check it out!
|Chase Freedom® Student||Capital One SavorOne Rewards for Students|
|Sign-up bonus||$50 after first purchase within three months from the account opening||$100 after first purchasing $100 within three months from the account opening|
|Rewards||Unlimited 1% cash back on all purchases||Unlimited 3% cash back on groceries, dining, entertainment, and popular streaming services;|
1% cash back on everything else
|Other perks||Good Standing Rewards of $20 each year for up to 5 years;F|
ree Credit Score access;
Essential protection package;
Contactless payments option;
Flexible redemption program: Amazon, gift cards, and Travel options.
|No foreign transaction fees;|
Rewards don’t expire;
Essential protection package;
Dining & entertainment benefits
|APR||15.74% (variable)||From 15.24% to 25.24% (variable)|
Chase Freedom® Student Card
Chase Freedom Student is a credit card designed for students. The card is Visa, which means you don’t have to worry about worldwide acceptance.
Also, it comes with a fantastic package of bonuses and rewards.
Firstly, it offers a welcome cash bonus of $50 after your first purchase within three months from the account opening.
With a flexible redemption and unlimited rewards that don’t expire as long your account remains open, you may find it easy to enjoy all you earn.
The card offers 1% cash back on all purchases, so you can build your financial path while earning plenty of rewards. You can redeem them for travel, gift cards, and purchases at Amazon.
Besides that, this Chase card pushes you to achieve a good standing account status. So, by maintaining it, you earn $20 each year for up to five years.
Moreover, your credit limit might be increased by making on-time five monthly payments within ten months from the account opening.
Chase Freedom Student comes with other benefits and perks, too. The package includes Zero Liability, Fraud & Purchase Protection, an Extended Warranty, Trip Cancellation/Interruption Insurance, a contactless payments option, and free credit score access.
The APR is competitive, and although it charges a foreign transaction fee of 3%, you won’t have to worry about annual or monthly service fees at all.
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Capital One SavorOne Rewards for Students
Now, let me introduce to you another amazing credit card for students: the SavorOne Rewards for Students.
If you want a higher rate of rewards, this card from Capital One is definitely a great choice. It offers unlimited 3% cash back on groceries, dining, entertainment, and popular streaming services and 1% cash back on everything else.
The rewards can be redeemed for cash, to cover your purchases, or to get gift cards.
Also, it features limited cash welcome bonus of $100 as long as you spend the same amount on purchases within the first three months from the account opening.
Besides the competitive APR, this card doesn’t charge an annual or foreign transaction fee.
While working on your credit building, you may enjoy the extra benefits this credit card provides: an extended warranty, Travel Accident Insurance, Travel Assistance Services, Complimentary Concierge Service, Zero Fraud Liability, security alerts, and CreditWise with credit reports changing warnings.
Furthermore, you can get an extra tier of rewards from 5% to 8% by purchasing through Capital One Entertainment, Vivid Seats, and Capital One Travel.
Benefits of Chase Freedom® Student Card credit card
Like any credit card for students should be, the Chase Freedom Student delivers all that matters to this public. So, you can use it responsibly to build a solid financial path by building a credit history and enjoying its benefits.
Besides the good welcome bonus, this Chase credit card provides a simple and flexible reward program in which you earn 1% cash back on everything you purchase.
Also, it gathers an essential security package that includes protection against fraud, unauthorized charges, damage, theft, and more.
Furthermore, the credit limit is reviewed, and you are rewarded by maintaining a good standing situation on your account.
All these advantages come with a $0 annual fee and a reasonable APR.
Benefits of Capital One SavorOne Rewards for Students credit card
If you are a student looking for a good rewards card, you may have just found one. This Capital One credit card offers a fantastic rate of cash back on all purchases. And you can increase the tier depending on your purchases or programs from the bank you participate in.
SavorOne Rewards for Students also provides peace of mind with a complete package of security and assistance features, including a Complimentary Concierge Service.
This credit card is an option for students who travel a lot, too. Besides the $0 annual fee, it doesn’t charge a foreign transaction fee as well.
Disadvantages of Chase Freedom® Student Card
Unfortunately, the rewards rate offered could be better. 1% is relatively low compared to other student credit cards available on the market.
Moreover, this card charges a foreign transaction fee.
Disadvantages of Capital One SavorOne Rewards for Students
SavorOne Rewards for Students has many benefits but doesn’t offer an introductory APR, and the welcome bonus is usually limited.
Chase Freedom® Student Card or Capital One SavorOne Rewards for Students: which you should choose?
If you are looking for a credit card to build credit with a simple rewards program, a Chase Freedom® Student Card might be a great option for you.
However, if you want a higher rate of rewards and more travel benefits and perks, a Capital One SavorOne Rewards for Students is a fantastic choice for you.
However, if you are looking for another option, follow the link below for our Discover it® Student Cash Back full review.
Discover it® Student Cash Back card is great for students with poor credit history, and it offers rewards and no annual fee. See how to apply!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
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