John Miller, Credit Cards Moderator
@john_miller
The Capital One Savor Student Cash Rewards Credit Card is unsecured, not secured. Unlike secured cards, the Capital One Savor Student Cash Rewards Credit Card does not require a refundable security deposit to open an account. Instead, whether or not you get approved and what credit limit you're assigned are determined based on other factors, including your credit history and income.
Designed for students with limited credit, the Capital One Savor Student Cash Rewards Credit Card offers 1 - 8% cash back on purchases and has a $0 annual fee. This makes it a solid option for young adults who are new to credit. However, if your credit is damaged, approval could be more difficult. In that case, a secured credit card might be a better option, since those tend to have higher approval odds.
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