Pros

New cardholders can earn a one-time $50 cash bonus after spending $100 within the first 3 months of opening the account.

There's no annual fee, making it a cost-effective option for students.

Cardholders earn a flat 1.5% cashback on all purchases, with no limits or categories to worry about.Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024.

No foreign transaction fees. Students studying or traveling abroad can use the card without incurring any additional fees on purchases made outside the United States.

Cons

Regular APR: Regular APR ranges from 19.74% to 29.74%, which can be quite high for those carrying a balance.

Limited Credit History: This card is designed for students, so applicants with a limited credit history may not be approved.

Balance Transfer Fees: If you transfer a balance to your credit card account at a promotional APR (which is a lower interest rate offered for a limited time), the credit card company will charge you a fee equal to 3% of the amount you transferred.

Why Choose It

The Capital One Quicksilver Student Cash Rewards Credit Card is an excellent choice for students looking for a simple and straightforward cashback rewards card. With no annual fee, a solid rewards rate, and a user-friendly experience, this card makes it easy for students to manage their finances while earning cash back on all their purchases. The added benefit of no foreign transaction fees makes this card ideal for students who may be traveling or studying abroad. Although the regular APR is on the higher side, responsible use and timely payments can help cardholders avoid interest charges. In short, this card offers a winning combination of simplicity, savings, and rewards for students.