![]() ![]() This is 25% more cash back for making on-time payments. Earn 5% cash back on hotels and rental cars booked through Capital One Travel. On time payments boost cash back to a total of 1.25% for that month. The Journey Student Credit Card from Capital One earns an unlimited 1% cash back on all purchases. Here’s how it compares against three other student credit cards that offer rewards so that you can choose the right one that fits your goals. There are many attractive features of the Chase Freedom Student credit card, such as unlimited rewards, annual bonuses and no annual fees. Many of these expenses can be paid for with a credit card, which provides an opportunity to earn rewards.Īssuming that 50% of this potential spending is paid for with this student credit card, you can expect to earn $68.20 per year in cash-back rewards. The average student spends $13,640 per year on food, transportation, entertainment and other typical expenses. To calculate the potential of the Chase Freedom Student credit card, Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. Depending upon the card, this can open up additional value when booking travel or the option to transfer to airline and hotel partners. You can accumulate points and combine them with other Ultimate Reward credit cards, like the Chase Sapphire Preferred® Card. Your cash back rewards are Chase Ultimate Rewards® points. Redemption values may vary and be less than a penny per point. Rewards can also be redeemed while shopping at Amazon, for gift cards or to book travel. This can be a statement credit, or you can choose to have a direct deposit into your checking or savings account.Īll rewards earned do not expire as long as your account remains open and in good standing. ![]() ![]() When redeeming your rewards, 5,000 points is equal to $50 in cash back. You may redeem your rewards for cash back in any amount and at any time. You’re eligible to receive this bonus for up to five years. There are no bonus categories to memorize or promotions to register for.Īdditionally, new cardholders receive: a $50 bonus after the first purchase is made within the first 3 months from account opening.Įach year that you keep your account open, you’ll also receive a $20 “Good Standings Rewards” bonus on your account anniversary. Students can earn an unlimited 1% cash back on all purchases with the Chase Freedom Student credit card. You’ll enjoy purchase protection and an extended warranty on your eligible purchases. ![]() This card also offers other attractive benefits that many other student cards do not. Plus, they’ll have unlimited access to their credit score through Chase’s Credit Journey tool. The Chase Freedom Student credit card rewards cardholders that meet credit requirements with a credit limit increase after they make five on-time payments during the first 10 months after opening the card. Plus, for the first five years that the card is open and remains in good standing, cardholders will receive a $20 bonus on their credit card anniversary. With the ability to get a $50 bonus after the first purchase is made within the first 3 months from account opening, students don’t need to worry about keeping track of a larger minimum spending requirement. Students will like that the Chase Freedom Student credit card earns cash-back rewards without charging an annual fee. Banks will offer student credit cards with lower limits and lower rewards at first, then allow students to graduate to more lucrative credit card reward options. Student credit cards offer a 101 level lesson on managing credit. Building your credit history is a tough assignment while in school. ![]()
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