SavorOne Student Card Review [2021]: Build Your Credit While Earning Cash Back

The SavorOne Student Card checks a lot of boxes for students beginning their credit journey and learning about credit card rewards.
Last updated Sep 23, 2021 | By Ben Walker | Edited By Jess Ullrich

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Student credit cards are typically designed to have less strict requirements and fewer benefits than many other types of credit cards — primarily because they’re meant to be starter cards for students building their credit history. But cards like the Capital One SavorOne Student Cash Rewards Credit Card flip the script by offering a product that provides excellent earning potential and benefits without strict qualification requirements.

In this SavorOne Student Card review, you’ll learn about this card’s benefits and drawbacks, as well as how to use it to earn and redeem cashback rewards. This will help you decide whether the SavorOne Student is the best fit for you.

Earn Unlimited Cash Back

Annual Fee


Rewards Rate

up to 3% cash back

Benefits and Drawbacks


  • No annual fee
  • 3% unlimited cash back on dining, entertainment, streaming, and groceries
  • Automatic consideration for a higher credit limit after 6 months
  • No foreign transaction fee


  • No introductory APR offer
  • No early spend bonus
Card Details
  • Get automatic consideration for a higher credit limit after 6 months
  • 3% unlimited cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart and Target), plus 1% cash back on all other purchases

In this Capital One SavorOne Student Cash Rewards Credit Card review

Who should get the SavorOne Student Card?

The SavorOne Student Card is only for students who are 18 or older. Capital One considers a student, for this card, as anyone who is enrolled or about to be enrolled within three months of applying at an accredited university, college, or another type of higher education institution. Keep in mind, you have to meet the student requirements to qualify for this card, but you won’t necessarily lose access to using the card after graduating or when you’re no longer a student.

This card would likely be a good fit for students who want to build credit and benefit from its earning potential. You typically need good or fair credit to qualify, which fits many students who are just starting their credit-building journey.

In addition, the $0 annual fee and no foreign transaction fees are helpful for keeping costs to a minimum, including if you plan to travel while in college. But credit card beginners should take care with this card’s high APR. This isn’t a card you want to owe money given its high interest rate.

Card basics

Card type Student
Credit card issuer Capital One
Credit card network Mastercard
Annual fee $0
Early spend bonus None
Reward rate 3% unlimited cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart and Target), plus 1% cash back on all other purchases
Recommended credit score Good, Fair
Foreign transaction fee None

SavorOne Student Card benefits and perks

  • High cashback rate: Cardholders earn 8% cash back on Vivid Seats (through January 31, 2023), 3% unlimited cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart and Target), plus 1% cash back on all other purchases. These earning categories can be an ideal match for students because they represent common areas where you might typically spend money.
  • No annual fee: The SavorOne Student has a $0 annual fee, so you don’t have an additional annual cost to worry about as a college student.
  • No foreign transaction fees: You won’t have to pay an added cost on foreign purchases, which could come in handy if you’re studying abroad.
  • Automatic review: Capital One will automatically consider you for a credit line increase after six months.
  • Extended warranty protection: Eligible purchases have their warranty extended with this benefit.
  • Travel accident insurance: Eligible losses are covered when you use your credit card to pay for your fare.
  • Concierge service: Receive complimentary concierge service for dining, entertainment, and travel. 
  • Important alerts: Receive account alerts from Capital One assistant Eno, including potential duplicate purchase or recurring bill increases. Also, receive alerts about changes to your TransUnion or Experian credit reports and free credit monitoring with CreditWise.

Drawbacks to the SavorOne Student Card

  • High variable APR: It’s typically not the best idea to carry a balance on any credit card because you’ll be subject to high interest rates on any balance you don’t completely pay off. It’s no different with the SavorOne Student Card, but this card’s APR is especially high, so it’s important to pay off your balance in full each month.
  • No early spend bonus: This card doesn’t typically come with an early spend bonus to help incentivize you to apply. This is unfortunate because most rewards cards have these types of welcome offers, but it’s also to be expected that a student card would have fewer benefits. To see cards with these types of offers, compare credit cards from different categories, including travel rewards cards and cashback cards.
  • No intro balance transfer or purchase APR: Many credit cards provide a 0% introductory APR offer for the first year or more after account opening, often for purchases or balance transfers, but there’s no such offer with this card. Instead, you'll get the regular APR. For cards with these intro APR offers, check out our list of the best balance transfer cards.

Earning and redeeming

Best ways to earn

The best way to earn cash back with the SavorOne Student Card is by using it as much as possible, especially in categories where it earns bonus rewards.

For example, the earning rate for dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart and Target) is 3%, but for all other purchases it’s only 1%. So you can earn three times as much if you use the SavorOne Student on purchases that fall within the bonus categories.

Categories Rewards rate
Dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart and Target) 3%
All other purchases 1%

Here’s a breakdown of what counts as an eligible purchases for the bonus categories on the SavorOne Student Card:

  • What counts as dining? Eligible purchases at restaurants, cafes, bars, fast-food restaurants, bakeries, and lounges.
  • What counts as entertainment? Eligible purchases at movie theaters, amusement parks, tourist attractions, aquariums and zoos, record stores, bowling alleys, and more. Golf courses and collegiate sporting events don’t count.
  • What counts as streaming? Eligible streaming services include Netflix, Hulu, Disney+, and more. Prime Video, AT&T TV, and Verizon Fios On Demand are excluded.
  • What counts as a grocery store? Eligible purchases at supermarkets, specialty markets, meat lockers, and dairy product stores. Superstores like Walmart and Target are excluded.

Maximizing your redemptions

The SavorOne Student Card offers multiple ways to redeem your cash back, including:

  • Statement credits
  • Mailed check
  • Cover previous purchases
  • Gift cards
  • Cover PayPal purchases
  • Shop with Points at

Capital One doesn’t publicly release its reward redemption rates, but most cashback credit cards offer the best rates when you redeem your rewards for the option(s) that most equate to actual cash back — which in this case would be for statement credits or a mailed check. You can use your rewards for gift cards or shopping with PayPal or Amazon, but you run the risk of getting less value for your cash back.

SavorOne Student Card FAQs

Is the SavorOne Student Card a good card?

The SavorOne Student Card can be one of the best cashback credit cards for students who want to build their credit while earning valuable rewards. It has a $0 annual fee, no foreign transaction fees, and provides bonus cash back in common spending categories for students — including dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart and Target).

What credit score do you need for the SavorOne Student Card?

You’ll likely need a good or fair credit score to qualify for the SavorOne Student Card. According to the FICO scoring model, a good credit score starts at 670, whereas a fair credit score starts at 580.

How do you redeem cash back with the SavorOne Student Card?

Cash back can be redeemed as a statement credit, as a mailed check, to cover previous purchases, as a gift card, or to make purchases on Amazon. In this case, redeeming your cash back for a statement credit or mailed check is likely to offer you the most value.

What are some alternatives to the SavorOne Student Card?

If the SavorOne Student Card doesn’t seem like the right fit for you, consider these other options for students, some of which offer sign-up bonuses and other valuable benefits:

Other cards to consider

The SavorOne Student Credit Card offers helpful benefits and rewards, but it might not be the best credit card for everyone. For other options, consider the Chase Freedom Student Card and Capital One QuicksilverOne Cash Rewards Credit Card.

The Chase Freedom Student Card has a $0 annual fee and offers 1% cash back for each $1 spent. While it's marketed as a cashback card, it actually earns Chase Ultimate Rewards program points, which are among the most valuable credit card rewards available. With this card, you can earn 5,000 points after spending $1 in the first 3 months. Its earning potential isn’t as high compared to the SavorOne Student cashback card, but there’s a welcome bonus and you also get a few additional benefits. These include purchase protection, extended warranty coverage, and trip cancellation or interruption insurance.

For more details, check out our Chase Freedom Student Card review.

The Capital One QuicksilverOne has a $39 annual fee and offers unlimited 1.5% cash back on every purchase. The annual cost is something to consider, but your potential earnings could offset the fee each year if you earn enough. The best part of flat-rate earnings is you don’t have to worry about tracking bonus categories — everything you purchase earns 1.5% cash back. So if your typical spending habits don’t align with the cashback categories on the SavorOne Student Card, the QuicksilverOne might be a better option for you.

For more details, check out our Capital One QuicksilverOne review.

Earn Unlimited Cash Back

See how these cards compare:

Chase Freedom Student
Chase Freedom Student
  • $50 cash back sign-up offer
  • 1% cash back on all purchases
  • No annual fee
  • Eligible for a credit limit increase after 5 on-time payments in first 10 months
  • Receive $20 in Good Standing Rewards for up to 5 years
Capital One QuicksilverOne Cash Rewards Credit Card
Capital One QuicksilverOne Cash Rewards Credit Card
  • 1.5% unlimited cash back on every purchase, every day
  • Consideration for a higher credit line as quickly as 6 months after account opening
  • CreditWise to monitor your credit score

Author Details

Ben Walker Ben Walker is a credit cards and travel writer at FinanceBuzz who loves helping others achieve their travel goals through financially-sound decisions. For nearly a decade, he has been using credit card points and miles for the sole purpose of traveling the world. Ben has been featured in The Washington Post, MSN,, and