When you’re young and have little experience with credit, it’s a good idea to start out with a credit card that offers easy-to-understand terms. The Journey Student Rewards Credit Card from Capital One does just that.

The home page does a good job of explaining the terms and the rewards. It also has a list of common credit terms, which is awesome. Look, no one is born knowing how credit cards work. Capital One also has a student credit center that gives some great information to help you build credit responsibly.

It’s way too easy to start carrying a balance when you’re busy with exams and maybe even working part-time. You’ll get a lot of your questions answered on Capital One’s student credit center. And hey, if you still have questions, I’m always here for you!

Okay, let’s jump right into the rewards program and see what we’ve got.

Rewards

The Journey Student Rewards card has a rewards program that warms my heart. I love it because it’s so freakin’ easy to understand. You earn 1 percent cash back on all of your purchases. But here’s the good part: You get a 25 percent bonus on the cash back you earn every month if you pay your bill on time. You can learn more about the rewards program right here.

You can redeem your points for a check, a statement credit, or gift cards. When you’re ready to redeem, you have the option of asking by phone, redeeming your rewards online, or setting up a threshold for redemption so you can get your cash back automatically. Seriously, it doesn’t get much easier than this.

Rates and fees

The Discover it for Students Credit Card has a zero percent intro rate offer on purchases, but alas, the Journey Student Rewards card does not. So you need to be on your game and pay your balance off–and on time–every month.

APR: You get a variable rate of 19.8 percent.

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Balance transfers: You get a 19.8 percent variable APR. There’s no transfer fee, which is terrific. But unless you’re paying a a rate a lot higher than 19.8 percent, this isn’t a good deal.

APR for cash advances: You get a variable 24.9 percent rate and there’s a 3 percent transaction fee. On a cash advance, the interest clock starts ticking right away. Just say no to a cash advance! Really, don’t go there.

Annual fee: None.

Penalty fees: A late payment has a fee of up to $35. For a returned payment, you’ll also pay a fee of up to $35.

Foreign transaction fees: None. This is awesome, especially if you plan to study abroad.

The bottom line

Overall, the Journey Student Rewards Credit Card is a good choice for your first credit card. I give it a thumbs-up rating without any hesitation. You do need average (limited) credit to qualify for this card.

I like the way this card rewards you for paying your bill on time. Just be sure you pay the entire balance on time. The interest rate on this card is a little high. But even if were a low rate, now’s the time to get into the habit of never carrying a balance.

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