2021 Capital One Journey Card Review

The Capital One Journey credit limit is $300 or more. Capital One Journey is a credit card 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.

Be aware 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 5 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.

The Journey Student Rewards from Capital One foreign transaction fee is $0. None of Capital One's credit cards charge foreign fees and the Journey Student Rewards from Capital One is no exception. It also has a $0 annual fee. That's one of the many reasons why this is one of the best credit cards for college students, whether you're on campus in the U.S., studying abroad, or seeing the world for fun during breaks.

The Journey Student Rewards from Capital One Highlights:

• Annual Fee: $0
• Foreign Transaction Fee: $0
• Rewards Rate: 1 - 1.25% cash back
• APR: 26.99% (V)
• Balance Transfer Fee: None

The fact that the Journey Student Rewards from Capital One has $0 foreign transaction fee means you won't pay extra when making purchases from internationally based merchants. Many cards charge as much as 3% on every international purchase.

You can apply for a Capital One Journey card online, in a Capital One branch or by phone, at 800-695-5500. No matter how you do it, your application is taken into account for instant approval.

You'll need your personal information and the application will result in a hard inquiry, so that's a slight dent in your credit score, for a short while.

To get a Capital One Journey credit limit increase, log in to a Capital One Journey account online and click “I Want To,” then scroll down to the “Upgrades and Offers” section and select “Request Credit Line Increase.” Journey cardholders can also call customer service at 1-800-227-4825 to request a credit line increase.

Sometimes, Capital One Journey cardholders won't even need to request a credit line increase to get one. The Journey Student card gets automatic credit line reviews starting in as little as 6 months from the account opening date. If you've been keeping up with payments and using your credit wisely, Capital One may increase your credit limit for you.

If you don't want to wait and you decide to request a higher credit limit, Capital One will ask for information such as your total annual income, employment status, and monthly mortgage or rent payment. When submitting the request, you can ask for any increase amount, but it's best to keep it reasonable – generally between 10% and 25%.

Not everyone can get a credit limit increase on a Journey credit card. To be eligible, the account must be open for at least 3 months. In addition, your credit limit can't have increased or decreased in the past 6 months. Finally, you must make on-time payments with all creditors, since Capital One will conduct a soft pull on your credit when they review your eligibility.

If you get approved for a credit line increase, your new credit limit will be available immediately after you accept it. If denied, you can reapply at any point, but it's best to wait at least 6 months between requests, unless you get a salary increase or experience other life changes that greatly improve your eligibility.

You need a credit score higher than 640 or no credit history to get the Capital One Journey.

However, take into account that lots of other factors go into if you're approved for a card or not. Capital One will also look at your recent hard inquiries, debt, income, and any negatives on your credit report.

Unfortunately, we won't be able to assess your Capital One Journey approval odds, but a score of at least 640 or no credit at all should put you in the right spot. You can check your credit score for free on WalletHub before submitting an application.

You can get a Capital One Journey cash advance at virtually any ATM, but that doesn't mean that you should do it.

You'll be charged a 3% cash advance fee ($10 minimum) for each transaction, along with any ATM fees. You'll also be charged a cash advance APR as high as 26.96% that kicks in immediately. As you can see, it's really expensive and should be avoided.

You can get approved for the Capital One Journey with no credit. This card was designed primarily for students, so limited or no credit history shouldn't be an issue if you have an active college or university email address.

Credit card companies tend to be rather generous with students relative to other applicants with similar credit profiles, as students have above-average earning potential and decades of financial needs ahead of them.

All a student must do to qualify is to demonstrate the independent income or assets needed to pay at least their minimum monthly bill (usually around $10 for student cards). However, if that's not possible, it's worth looking into having a parent co-sign.

You can redeem your Capital One Journey cash back as statement credit, which will lower your account balance.

Cash back can be redeemed manually, or by using the automatic redemption system. If you choose to reedem automatically, you'll be able to set certain parameters before it is automatically redeemed.

To redeem your rewards, just log in to your online account or use Capital One's mobile app.