Previously, credit cards for beginners and students offered few benefits. Expecting perks like a welcome bonus or cashback once seemed impossible. But now, students just starting their credit journey or rebuilding their credit can access premium benefits with issuers like Capital One.
The Capital One Quicksilver Student Cash Rewards Credit Card is a great example of a credit card that offers many additional benefits to all types of students, but especially students on the go. Whether you’re an international student, love to travel a lot, or planning to finish that semester abroad, here are some key features of the Quicksilver Student Cash Rewards Card that you should know about.
What does Quicksilver Student Cash Rewards offer?
Quick card details
- Reward rate: 1.5% cash back on all purchases and 5% on hotels and rental cars booked through Capital One Travel
- Welcome offer: $100 when you spend $100 in the first three months
- Annual subscription : $0
- Regular APR: 15.24% to 25.24% variable
The first thing you might notice about this Capital One student credit card is that you can get unlimited 1.5% cash back on all purchases. This can be useful when making daily purchases like groceries, school supplies, and other education-related expenses.
Why is the Quicksilver Student Cash Rewards Card suitable for travel?
Although you don’t necessarily associate travel with students, it is a growing reality for some. Graduate students can regularly attend conferences and international students can return home abroad for breaks. Other students may travel for leisure or participate in an exchange program to earn college credit.
No matter what students are traveling for, it can be helpful to have a credit card to support and offer discounts for travel expenses. Surprisingly, this card has an impressive list of features that can make it ideal for students who travel often.
Cash back on hotel and rental cars
If you book hotels and rental cars through the Capital One Travel portal, you will earn 5% cash back on your purchases. It might not seem like a lot, but every little bit helps if you’re a college student trying to save money on just about anything.
Remember, when you arrive at your travel destination, you’ll also get 1.5% back on all other purchases. A trip that costs $500 for car and hotel, plus $300 for other incidentals, could mean around $30 in return. Over the course of a few trips, that cash back can add up quickly.
Access to Capital One Travel Portal
To get your money back on hotels and rental cars, you must book through the Capital One portal. If you think this presents an additional problem, nothing could be further from the truth. This newly revamped portal is actually a travel search engine with a number of features that can make your travel booking experience more efficient, with plenty of money-saving opportunities:
- Price alerts
- Price drop protection
- The ability to cancel a flight for any reason (small charges may apply)
- Access to the best prices when booking trips
Recently, the issuer added a $100 welcome bonus that cardholders can use for anything. If there’s a bigger travel purchase on the horizon, that money could be used to offset the cost of things like plane tickets, a hotel reservation, or even a car rental reservation.
If this welcome bonus is not enough for you, know that there is another way to earn money with your Student Rewards card: the Refer a friend bonus. Students can earn $100 for each successful referral, up to $500 per year, when friends use their link to become a new Capital One cardholder.
No foreign transaction fees
Typical foreign transactions can represent up to 3% of the total transaction amount. If you often travel abroad or make purchases abroad, these costs can accumulate. However, Quicksilver Student Cash Rewards have no foreign transaction fees, so you don’t have to worry about that as a traveling student.
Your Capital One Student credit card also includes rental car insurance, 24/7 access to a pay-per-use roadside assistance program, and complimentary concierge services. It’s the little things that can give you peace of mind as a student traveler.
Do I need to get the Capital One Quicksilver Student Cash Rewards credit card?
If you’re a credit-building student who needs perks for travel, this card is an attractive option with respectable features. While it’s not a top-notch travel credit card with high-end perks, there’s enough to make this no-annual-fee card worth it.
The bottom line
There are many ways to use a rewards credit card to help you achieve some of your financial goals. If you can find a little-known angle with substantial benefits, like travel perks, even better. We think this Capital One student card does the job in more ways than one.