Yes, the Journey Student Rewards from Capital One does have a late fee of up to $40, which applies when cardholders don't make the minimum payment by the due date. The late fee for the Capital One Journey card can never exceed the minimum payment amount, though, thanks to the CARD Act of 2009.
If you accidentally make less than the required minimum payment or you miss your Capital One Journey due date entirely, you can always ask customer service to waive the late fee by calling the phone number on the back of the card. This is much more likely to work if you have a great payment history with Capital One, but even if not, there's no harm in asking.
To avoid getting hit with late fees in the future, make sure to pay at least your minimum required payment each month. The best way to ensure that you never miss a payment is by setting up autopay.
Capital One Journey gives you a 25-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your Capital One Journey card, it will accumulate interest daily at the card’s regular APR.… read full answer
In addition to the regular interest rate, Capital One Journey also charges a separate interest rate on cash advances. All Capital One Journey card interest rates will be listed on your statement and on your online account summary.
The usual Capital One Journey credit limit is $300 or more. Capital One Journey is a credit card geared for students with limited credit, and an applicant could start out with a limit higher than $300 if their credit profile exceeds Capital One’s minimum requirements. Cardholders have reportedly received Capital One Journey credit limits starting at up to $2,000.… read full answer
On that note, it is worth noting that you don’t have to be a student to get the Capital One Journey card. If you don’t have less than 3 years of credit history, you will need to have at least fair (640+) credit to qualify for this card.
In any case, keep in mind that you will not know your exact Capital One Journey credit limit before you apply for the card. Capital One determines credit limits based on a review of the completed application, each applicant’s credit history, and each applicant’s ability to make monthly payments. They will notify you of your limit amount if you’re approved for an account.
Whatever your Capital One Journey credit limit might be starting out, you may be eligible for a credit limit increase over time. Capital One will automatically consider you for a higher credit limit after you’ve made your first 6 payments on time. You can also request an increase after you’ve had the card for at least 6 months. However, there’s no guarantee you’ll be approved.
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