Capital One Quicksilver 2021 Student Cash Back Credit Card Review – Forbes Advisor


Capital One Quicksilver Student Cash Rewards Credit Card vs. Personalized Bank of America® Cash Rewards Student Credit Card*

Bank of America® Personalized Cash Rewards Credit Card for Students* offers great rewards for a student card. Cardholders will earn 3% cash back in the category of your choice and 2% automatic at grocery stores and wholesale clubs. Cash back is limited to $ 2,500 in the 3% and 2% categories combined each quarter. Earn unlimited 1% on all other purchases. The card does not charge an annual fee and also offers an introductory 0% APR for 15 billing cycles on purchases and on any balance transfers made within 60 days of opening your account. A variable APR of 13.99% to 23.99% applies to purchases and balance transfers thereafter. The Bank of America card also includes a welcome bonus that allows new cardholders to earn a $ 200 cash rewards bonus after making at least $ 1,000 in purchases within the first 90 days of opening. of your account.

While it offers an entirely different rewards system that has caps and requires a category to be chosen through an app or online banking, Bank of America’s more reasonable APR range of 13.99% to 23 99% Variable APR on purchases and balance transfers is more consistent with other student credit card APRs and rewards. However, there are tradeoffs besides the rewards: Almost none of the benefits of the Quicksilver Student card are built into the Bank of America card: no extended warranty, no price protection, and no cell phone coverage. The card is also not ideal for travel due to its overseas transaction fee of 3% of the US dollar amount of each transaction.

Capital One Quicksilver Student Cash Rewards Credit Card vs. Discover it® Student Cash Back

Discover it® Student Cash Back offers brilliant but required 5% cash back in a rotating category capped at $ 1,500 in spend each quarter and 1% cash back on all other qualifying purchases. An entirely different program than Quicksilver Student’s 1.5% Cash Back, for some who don’t mind using expenses in a different category each quarter to earn rewards, the Discover it Student Cash Back may have more. meaningless. The Discover it® Student Cash Back also offers Discover Cash Back Match, in which Discover matches all cash back rewards earned at the end of the first year as a cardholder.

While its cash back can be impressive when used appropriately, the Discover it® Student Cash Back does not have the features and benefits of the Capital One Quicksilver Student Cash Rewards credit card. With virtually none of the more striking benefits, the Discover Card only offers a good grade credit of $ 20 each school year, your GPA is 3.0 or higher (up to five years) and out of l standard mobile application, online banking and other minor convenience advantages its main advantage is the ability to choose a card model. While the card also doesn’t have an annual fee, it differentiates itself with a promotional APR of 0% for 6 months on purchases and one of the lowest APR ranges among student cards: 12.99% – 21.99% Variable.

Capital One Quicksilver Student Cash Rewards credit card vs. Capital One SavorOne Student Cash Rewards credit card

The Capital One Savor One Student offers unlimited 3% cash back on meals, entertainment, select streaming services and grocery stores with no annual fee, but otherwise offers the exact same benefits, APR and other details. . We venture to assume that most students will earn better rewards with the SavorOne student card, due to the food and grocery bonus categories than they could with the Quicksilver Student package, but each applicant must assess their own spending habits. and plans to determine which card will be the most rewarding. We do not recommend any of these due to the high 26.99% APR (Variable) of these cards.

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