One of my favorite times of year is here. The kids are back-to-school and we are returning to a more normal routine. In celebration of back-to-school season, Capital One recently announced two new Student credit cards – the SavorOne Student and Quiksilver Student. Both are student versions of their premium rewards credit cards. These two student credit cards are in addition to the Journey Student Credit Card, creating the Capital One Student Suite.
When I was a sophomore in college I remember getting my first credit card. I felt like it was the next big financial step for me after opening my bank account because I was able to begin building credit responsibly. The credit card rewards and perks back then seem so basic compared to the rewards available now. Each student credit card in the Capital One Student Suite has different rewards and perks:
- SavorOne Student Credit Card allows students to earn 3% unlimited cash back on dining, entertainment, popular streaming services like Netflix, Hulu, and Disney+. SavorOne Student Credit Card holders can also earn 8% cash back on Vivid Seats, an online ticket marketplace, through January 2023.
- Quicksilver Student Credit Card allows students to earn unlimited 1.5% cash back on all purchases.
- Journey Student Credit Card allows students to earn up to $60 in streaming service subscription credit (conditions apply) and unlimited 1% cash back on every purchase. That cash back percentage also can be increased to 1.25% when cardholders pay on time.
There is no annual fee on any of the three credit cards in the Capital One College Suite as well as no foreign transaction fees.
Capital One is also committed to providing educational resources to students. They have helpful posts on their website such as How to Prepare Your Child for College, Are you a budgeter or a free-spender, and What is a Credit Limit?
Another awesome perk of the Capital One Student Suite credit card launch is they’ve collaborated with woman-owned business Jars by Dani to create a custom, dessert-filled mason jar and created a game called Cards for Curiosity that has helpful information about money questions. All the links I shared above are from the game itself. This is a pretty great care package for students as they start the school year and they are giving away 200 of these packages on the @JarsbyDani Instagram channel. Jars By Dani even has a gluten-free fudge flavor. Yum!
As a mom of two young children it is important to me to teach my girls early about money and finances. We are already saving for their college education through a monthly dedicated savings account and we talk to them about it. We also talk to them about how much things cost and they can earn money from us by doing chores around the house. When the day comes that they are off to college, I hope they are equipped with the financial know-how to manage their budget for school, books, supplies, and develop life long healthy habits with money. I’m glad great student credit card options like the three in the Capital One Student Suite are available for college students!
Did you have a credit card in college? How do you teach your kids about money? Share with me in the comments below.