Capital One Credit Cards

October 26, 2018

By Sarah Harris

Capital One has become known as a creditor that offers excellent rewards to customers through a variety of cards geared toward different interests and spending habits.  Even better is the fact that they don’t affiliate themselves with just a single brand, meaning that you have a vast array of choices about where you spend your consumer dollars without having to worry about losing out on points by failing to select a specific affiliate.

Still, there are several Capital One cards to choose from.  Which is the right one for you?  The first thing you should know is that all of these cards share certain similarities.  For starters, Capital One credit cards all feature a notable lack of foreign transaction fees, which means they’re ideal for anyone who enjoys international travel.  You can save a lot when you don’t have to worry about being charged extra for every swipe overseas.

In addition, the miles you earn with Capital One will never expire, so unless you cancel your account with unused miles still pending redemption, you’re going to have the opportunity to use rewards.  It’s easy to redeem your miles with Capital One.

Now that you have some idea of the benefits should you choose any of the rewards cards offered by Capital One, here are a few different cards they offer.  You’re sure to find the one with the right benefits and rewards to match your spending habits and desired returns.

Savor Rewards and SavorOne Rewards
The Savor Rewards card is one of the best options for anyone seeking a straight-up, cash back credit card.  You’ll earn 4% cash back on qualifying dining and entertainment purchases, 2% at grocery stores, and 1% on all other purchases.  You’ll also get a one-time bonus of $500 when you spend $3,000 on purchases in the first three months.  There is a $95 annual fee, but it’s waived for the first year.  Variable APR of 17.74% - 25.24% applies to purchases and transfers, but there’s no transfer fee.

If you like to wine and dine, you’ll gain the greatest rewards with the Savor card.  Want to avoid the annual fee?  You can opt for SavorOne instead, but cash back on dining and entertainment falls to 3%, your one-time bonus drops to $150 for spending $500 on purchases in the first three months, and you’ll pay a 3% fee on transfers after the first 15 months (during which you’ll enjoy 0% APR and no fees).  0% APR applies to purchases for the first 15 months, as well, after which there’s a variable APR of 16.74% - 24.74%.

Venture Rewards and VentureOne Rewards
The Venture card, as the name implies, is designed to help travelers get where they’re going and enjoy every trip.  You’ll earn 2x miles for every dollar spent.  Period.  These can be redeemed for travel or a host of other rewards.  When you spend $3,000 on purchases within the first three months, you’ll earn a bonus of 50,000 miles.  Variable APR of 17.74% - 24.74% applies to purchases and transfers and there’s a $95 annual fee that’s waived for the first year.

The VentureOne card has no annual fee, but only earns you 1.25x miles for every dollar spent and nets you only 20,000 bonus points when you spend $1,000 in the first three months.  You’ll enjoy an introductory offer of 0% APR for purchases for 12 months, after which you’ll pay 16.74% - 23.74%.  Neither card has a transfer fee.

Quicksilver Rewards
This card delivers only 1.5% cash back, but this rate is across the board for every purchase, every day, and you’ll enjoy an introductory offer of 0% APR on purchases and transfers for the first 15 months after which you’ll revert to a variable APR of 16.74% - 24.74% for both, as well as a 3% transfer fee.  You’ll also earn a one-time, cash back bonus of $150 when you spend $500 on purchases in the first three months.  There is no annual fee for this card.

Journey Student Rewards
Students can’t always find great rewards cards because many are just starting to build their credit while simultaneously taking on student loan debt.  Capital One offers a simple proposition for students with average credit.  This card has no annual fee, you’ll earn 1% cash back on all purchases, and when you pay on time, you’ll boost earnings to 1.25%.  The variable APR is high at 26.99%, so you’ll want to pay it off each month, but there is no transfer fee, and with no foreign transaction fees, it’s the perfect companion for your semester abroad.

Secured Mastercard
Poor credit woes need not stop you from enjoying rewards when you partner with Capital One.  Your initial credit line is based on a deposit of $49, $99, or $200 and your access to credit will increase when you make your first five monthly payments on time.  The variable APR of 24.99% for purchases and transfers is steep, but with a limit no higher than $200, you can’t get in too much trouble as you try to rebuild your credit.  There’s no transfer fee and no annual fee.

You may apply for any of the above cards over the Capital One website or if you've received a pre-approved invitation, you may go to getmyoffer.capitalone.com to redeem your card. Additionally, Capital One provides a prequalification tool over their home site to find out which offers may be a good match without performing a hard pull on your credit.

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