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 $60 in streaming service subscription credit in
addition to the unlimited 1% cash back on every purchase. The new
streaming service credit will enable new account holders that pay
on time to earn $5 per month for 12
months toward more than 25 eligible media streaming subscription
services.
"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 $60 streaming
subscription credit and the unlimited 1% cash back on all
purchases, Journey cardholders also receive the following
benefits:
- 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 $304.2 billion in deposits and $421.3 billion in total assets as of June 30, 2020. Headquartered in McLean, Virginia, Capital One offers a broad
spectrum of financial products and services to consumers, small
businesses and commercial clients through a variety of channels.
Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New
Jersey and the District of
Columbia. A Fortune 500 company, Capital One trades on the
New York Stock Exchange under the symbol "COF" and is included in
the S&P 100 index.
Visit the Capital One newsroom for more Capital One news.
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SOURCE Capital One Financial Corporation