Capital One offers a wide range of credit cards, each tailored to different financial needs and goals. Whether you’re looking to earn cash back, travel rewards, or build credit, Capital One has a card for you. This review breaks down some of the top Capital One credit cards in 2024, focusing on key features, pros, and cons.
Table of Contents
| Card | Bonus | Rewards Rate | Annual Fee | Learn More |
|---|---|---|---|---|
Capital One Quicksilver Cash Rewards |
$200 cash bonus after $500 in purchases | 1.5% cash back on all purchases, 5% on travel | $0 | Learn More |
Capital One Venture Rewards Credit Card |
75,000 miles after $4,000 in purchases | 2X miles on all purchases, 5X on travel | $95 | Learn More |
Capital One SavorOne Cash Rewards |
$200 cash bonus after $500 in purchases | 3% cash back on dining, entertainment, streaming | $0 | Learn More |
Capital One Platinum Credit Card |
None | None, credit-building card | $0 | Learn More |
Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards
Bonus: $200 after $500 in purchases
Rewards Rate: 1.5% cash back, 5% on travel
Annual Fee: $0
Learn MoreThe Capital One Quicksilver Cash Rewards Credit Card is one of the simplest and most versatile options available. Here’s a quick look at its key details:
- Rewards Rate: Earn 1.5% cash back on all purchases, with no caps or categories to track. Additionally, you get 5% back on hotels and rental cars booked through Capital One Travel.
- Welcome Bonus: Earn a $200 cash bonus after spending $500 in the first three months.
- APR: Enjoy a 0% introductory APR on purchases and balance transfers for 15 months, followed by a variable APR of 19.99%–29.99%.
- Annual Fee: $0.
- Foreign Transaction Fees: None, making it ideal for international use.
Pros:
- Straightforward rewards structure.
- No foreign transaction fees.
- Introductory APR period for purchases and balance transfers.
Cons:
- Limited earning potential compared to cards with bonus categories.
- Balance transfer fees apply (3% for the first 15 months, 4% after) .
Best for: Individuals looking for a hassle-free, flat-rate cashback card with no annual fee.
Capital One Venture Rewards Credit Card
Capital One Venture Rewards
Bonus: 75,000 miles after $4,000 in purchases
Rewards Rate: 2X miles on all purchases, 5X on travel
Annual Fee: $95
Learn MoreFor frequent travelers, the Capital One Venture Rewards Credit Card offers a flexible, high-earning rewards program.
- Rewards Rate: 2X miles on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel.
- Welcome Bonus: Earn 75,000 miles after spending $4,000 in the first three months.
- APR: 21.99% – 29.99% variable APR.
- Annual Fee: $95.
- Foreign Transaction Fees: None.
Pros:
- High rewards rate across all spending.
- Flexible redemption options, including transferring miles to travel partners.
- No foreign transaction fees .
Cons:
- Annual fee of $95.
- Not ideal for those who want cashback or aren’t frequent travelers.
Best for: Travelers looking for a simple way to earn miles on all purchases.
Capital One SavorOne Cash Rewards Credit Card
Capital One SavorOne Cash Rewards
Bonus: $200 after $500 in purchases
Rewards Rate: 3% cash back on dining, entertainment
Annual Fee: $0
Learn MoreIf you’re a foodie or love entertainment, the SavorOne Cash Rewards Credit Card is a perfect match.
- Rewards Rate: Earn 3% cash back on dining, entertainment, popular streaming services, and grocery stores (excluding superstores like Walmart and Target). You also earn 1% on all other purchases.
- Welcome Bonus: $200 cash bonus after spending $500 in the first three months.
- APR: 0% intro APR on purchases for 15 months, then 19.99%–29.99% variable APR.
- Annual Fee: $0.
Pros:
- No annual fee.
- High cashback rate on popular spending categories like dining and entertainment.
- Introductory APR on purchases.
Cons:
- Lower rewards rate on general purchases.
- May not be as rewarding for those who don’t spend heavily in the dining and entertainment categories.
Best for: Those who spend regularly on dining, entertainment, and streaming services.
Capital One Platinum Credit Card
Capital One Platinum Credit Card
Bonus: None
Rewards Rate: None, credit-building card
Annual Fee: $0
Learn MoreIf you’re trying to build or rebuild your credit, the Capital One Platinum Credit Card offers a simple, no-annual-fee option designed to help you establish credit.
- Rewards Rate: None.
- APR: 30.74% variable APR.
- Annual Fee: $0.
Pros:
- No annual fee.
- Helps you build credit, with the option for a credit line increase after six months of responsible use.
Cons:
- No rewards program.
- High APR.
Best for: People with average or fair credit looking to build or improve their credit score.
Final Thoughts
Capital One offers a credit card for nearly every need. Whether you’re seeking flat-rate cashback, travel rewards, or credit-building options, there’s something in their portfolio that can work for you. The Capital One Quicksilver Cash Rewards Credit Card remains a solid choice for everyday use, while the Venture Rewards card stands out for travelers.
Ultimately, the best card depends on your spending habits and financial goals. Always review your options carefully, especially the APR and fees, to ensure you’re getting the most out of your card.
Frequently Asked Questions (FAQs)
Which Capital One card is best for earning cash back?
The Capital One Quicksilver Cash Rewards Credit Card is best for flat-rate cash back. It offers 1.5% cash back on all purchases, with no caps, and 5% on travel booked through Capital One Travel. It’s a great choice if you prefer simplicity and don’t want to keep track of bonus categories.
Which Capital One credit card is best for travel rewards?
The Capital One Venture Rewards Credit Card is designed for frequent travelers. It offers 2X miles on all purchases and 5X miles on hotels and rental cars booked through Capital One Travel. You can also transfer miles to over 15 travel loyalty programs. The card has a $95 annual fee, but it’s ideal for those who want to maximize travel rewards.
Does Capital One have a card for building or rebuilding credit?
Yes, the Capital One Platinum Credit Card is designed for those looking to build or rebuild their credit. This card has no annual fee and offers access to a higher credit line after six months of on-time payments. However, it doesn’t offer rewards and has a relatively high APR, making it ideal for credit improvement rather than rewards.
Do Capital One credit cards have foreign transaction fees?
No, most Capital One credit cards, including the Capital One Quicksilver, Venture Rewards, and Platinum cards, have no foreign transaction fees. This makes them excellent choices for international travel, as you can use the card abroad without incurring additional charges.
What is the welcome bonus for the Capital One Quicksilver Cash Rewards Credit Card?
The Capital One Quicksilver Cash Rewards Credit Card offers a $200 cash bonus after spending $500 in the first three months. It’s a great incentive for new cardholders looking to earn a quick reward.
Can I earn travel rewards with a no-annual-fee card?
Yes, you can earn travel rewards with the Capital One VentureOne Rewards Credit Card, which has no annual fee. It offers 1.25X miles on every purchase and 5X miles on travel booked through Capital One Travel. However, the earning rate is lower than the regular Venture Rewards Card, which has a $95 annual fee.
What is the interest rate for Capital One credit cards?
Interest rates vary depending on the card and your creditworthiness. For example:
• The Capital One Quicksilver Cash Rewards Credit Card offers a 0% introductory APR for 15 months on purchases and balance transfers, followed by a variable APR of 19.99%–29.99%.
• The Capital One Venture Rewards Credit Card has a variable APR of 21.99%–29.99%.
• The Capital One Platinum Credit Card has a higher APR of 30.74%, as it’s designed for credit-building rather than rewards.
Always check the specific APR of your card, as it may vary based on your credit score.
Is there a balance transfer fee for Capital One credit cards?
Yes, Capital One credit cards generally have a balance transfer fee. For example, the Capital One Quicksilver Cash Rewards Credit Card charges a 3% balance transfer fee for the first 15 months, and 4% thereafter. Be sure to review the terms of your specific card before initiating any balance transfers.
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