After review of both cards, which one should you choose: Capital One Vs. Discover Student Credit Cards? After all, you are a college student going into college for the first time. You will be paying out a fair amount of cash each month on all kinds of things from living costs to entertainment.
This is why you need a credit card. It is the best way for you to protect yourself and keep your expenses down. And Capital One has some good perks to go along with their rewards that are not available with other credit cards.
The best feature about Capital One cards is the lower interest rate than other cards. You do not have to pay as much on interest as with other cards. That means the more you use the card, the lower your interest rate will go. And it is easy to make sure you always have a lower interest rate when you use Capital One. For example, if you cancel your account, you will not lose your reward. So, you do not have to worry about getting hit with an increase in your interest rate.
Another benefit of this card is that they have many offers. You can get as many credit cards as you want or as little as you want. This means you can choose a card with the lowest interest rate and reward programs and sign up for it. You can still use your regular credit card. Capital One will continue to charge interest on any other credit card that you sign up with it. However, once you have one card, you can switch back to the normal card and just use it to pay for everything you normally do.
If you decide that you don't need a card, you can transfer the balance on your other cards. The only difference is you will only be charged on the new balance. This will free up some of your time so you can focus on other important things.
Another thing you can do with a Capital One card is to transfer your balance from another card. This will allow you to have a lower balance to pay on your new card. In turn, you will be able . . . . . . to save money on interest and you will have a higher limit for spending limits. So, you can keep the lower interest rate and still get everything you need to pay for!