Streaming Benefit Added for New Journey Cardholders
Capital One enhances its Journey Student Credit Card, now offering new benefits tailored for college students. Cardholders can earn up to $60 in streaming service credits alongside 1% cash back on all purchases. The initiatives aim to address financial challenges faced by students during the pandemic, with a survey revealing that 66% feel unprepared for financial independence, and 74% express concerns over personal growth due to COVID-19. Additional features include contactless payments and tools for managing finances effectively.
- New Journey cardholders earn up to $60 in streaming service credits.
- Unlimited 1% cash back on all purchases.
- Contactless card feature for easier transactions.
- Support programs for first-gen students and financial wellness.
- 66% of students feel unprepared for financial independence.
- 74% are worried about the impact of the pandemic on personal growth.
- 73% express concerns over future career prospects.
MCLEAN, Va., Oct. 21, 2020 /PRNewswire/ -- Capital One is meeting the changing needs of college students by adding new benefits to the Journey Student Credit Card and providing tools to help students build financial independence.
Introducing Journey's New Benefits
New Journey cardholders can now earn up to
"Our world has changed dramatically over the past few months and has had a tremendous impact on the daily lives of students," said Pawel Swiatek, Managing Vice President, US Card, at Capital One. "While we have long supported students through college access programs, introducing the streaming service credit and a new contactless feature that allows for 'tap-to-pay' on our Journey Student Card are additional ways that Capital One is evolving our products to meet the current needs of students."
Survey: Students Need Help Navigating Road to Personal, Professional and Financial Well-being
While the global pandemic is forcing most Americans to adapt to a new way of life, Capital One found students uniquely affected, personally, professionally and financially.
According to a newly released Capital One College Student Survey:
- Two out of three college student respondents (
66% ) say they feel unprepared to be financially independent without the help of their parents. - Seventy-four percent (
74% ) of college students are worried the pandemic will impact their personal growth and preparation for life on their own. - Seventy-three percent (
73% ) of student respondents are worried it will impact career prospects for years to come.
Beyond the Card: Capital One Provides Continued Support for Students
In the best of times, accessing higher education is a complicated process. Consistent with our focus on supporting students, Capital One launched First-Gen Focus, a program to help first-generation students gain greater confidence in their financial well-being, career readiness, and personal wellness. Meanwhile, the recently issued Capital One Foundation Common App Grant, provides low-income and first-generation students with free, real-time guidance to students during the college enrollment process, as well as access to one-on-one coaching through the College Advising Corps. Students can also benefit from visiting Learn & Grow, a content hub with helpful tips and resources, including information on building credit in college.
Creating a Simple, Easy First Cardholder Experience for Students
In addition to the
- Tap-to-pay (contactless) card feature, enabling less time spent at checkout, with a fresh new card design;
- Easily lock your card if it is lost or stolen;
- Cardholders can boost to
1.25% cash back per month (when paying on time); - No annual or foreign transaction fees;
- Flexible payment due dates;
- Access to free digital tools, including:
- Eno: Your Capital One assistant, helps you stay in control of your account by notifying you when it catches things like duplicate or suspicious charges;
- CreditWise: Track your progress and plan ahead by getting alerts when there are meaningful changes to your TransUnion and Experian credit report, and explore the potential impact of your financial decisions before you make them with CreditWise.
Learn more about the Journey Student Credit Card from Capital One here and Capital One's commitment to students and community here.
About the Capital One College Student Survey
This poll was conducted between July 21 and July 27, 2020 among a national sample of 1000 College Students (Age 18-23), 250 Parents of children (Age 18-23), 250 Parents of Students (Age 18-23) and 500 Educators / Administrators in secondary and higher education. Of the 1000 College Students (Age 18-23), 272 respondents identified as First Generation. The interviews were conducted online and the data were weighted to approximate a target sample of College Students (Age 18-23), Parents of children (Age 18-23), Parents of College Students (Age 18-23) and Educators based on age, gender, educational attainment, race, and region. Results from the full survey have a margin of error of plus or minus 3 percentage points. Results from the First Generation subsample have a margin or error of plus or minus 6 percentage points.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had
Visit the Capital One newsroom for more Capital One news.
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SOURCE Capital One Financial Corporation
FAQ
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