Top 5 Reasons to Have a Capital One Credit Card

Top 5 Reasons to Have a Capital One Credit Card

If you’re looking to earn travel rewards, Capital One has some of the most straightforward reward rates in the industry.

Cardholders also may have an opportunity to earn more rewards with bonus miles or one-time cash incentives. And while earning more, spend less by taking advantage of no annual fee, low APR’s or the nonexistence of fees that many other cards charge like foreign transaction fees. And don’t forget all the benefits that come with being a Capital One cardholder.

Good Rewards

The Capital One credit cards offer competitive rewards. The industry standard for rewards usually hovers around 1%. However, the Capital One Venture card gives users 2x miles per dollar spent and the Quicksilver card offers 1.5% cash back. Not to mention their rewards are straightforward. There are no rotating categories or rewards you must opt-in for.

Venture® Rewards Credit Card
Venture® Rewards Credit Card
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Earn 40,000 miles after spending $3,000 within 3 months

 

Bonus Miles

If you have excellent credit you can snag yourself a sign-up bonus as well.  The Capital One Venture, Quicksilver, and Venture One cards all have sign-up bonuses. The Venture card is offering 40,000 bonus miles if you spend 3,000 on purchases within the first three months. With the Venture One card you can get 20,000 bonus miles by spending $1,000 within three months.  Also, the Quicksilver card offers a one-time bonus of $100 if you spend $500 on purchases in the first three months.

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Use your Capital One rewards for anything you want

Spend Less

Capital one is a trendsetter in the industry and was one of the first banks to eliminate foreign transaction fees from all of their cards. If you spend time abroad this can be can be a significant savings.  They also offer competitive interest rates. Some of their cards offer 0% introductory promotional interest rates on purchases and or balance transfers. Ongoing APR’s are variable and will ultimately depend on your credit history but can be as low as 12.24%.

In addition, many of their cards have no annual fee.   The Venture card has no annual fee the first year and then $59 after that, in comparison to the reward rate of 2x miles per dollar spent, this is a nominal amount compared to travel rewards cards with a comparable rate of reward earning that charge a much higher annual fee. Or you can consider the VentureOne card which has no annual fee, but also has a lower reward rate of 1.25 per dollar spent. The QuicksilverOne has a $39 annual fee, but if you have excellent credit you will be eligible for the Quicksilver card which has no annual fee. Both Quicksilver cards earn 1.5% cash back on purchases.

Useful User Benefits

Capital One offers many benefits you may not have initially considered which help cardholders stay on top of their credit use. Capital One allows cardholders to take charge of their payments by allowing them to choose the due date. They can also keep tabs on the spending of authorized users by receiving an itemized statement which separates the charges of each cardholder. Capital One also offers Credit Tracker which allows unlimited access to your credit score as well as useful tools to stay on top of your credit management. Second Look is another great feature. It is like having someone else double checking and comparing your monthly statements for you. They will notify you of things like duplicate charges or an increase in a recurring monthly payment.

Credit_Tracker
Use your credit tracker benefits

Cards for a Wide Range of Credit

Capital One credit cards are a good option for almost everyone as they offer credit cards for a wide range of credit. Whether you have excellent or average credit there are reward reaping cards. If you have average credit the Quicksilver One is a good option and gets 1.5% cash back on all purchases. Even if you are building or rebuilding your credit there are options for that as well. Journey Student Rewards by Capital One helps build credit for those just starting their credit portfolio and even earns cash back rewards. If you are rebuilding your credit then the Capital One secured card is a good option.

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