Capital One offers several variants of its flagship 1.5% cash back credit cards, two of which are the card_name and card_name. The card_name is for customers with established credit who want a card with no annual fee that offers good rewards on all purchases. Customers working on building their credit may be offered the card_name, which offers the same rewards but charges a annual_fees annual fee.
If you qualify for the card_name, picking it is the obvious choice.
In this overview, we’ll point out the differences between the cards, how the benefits and rewards stack up, and why you might still want to get the card_name if you don’t qualify for the card_name.
How the cards stack up
Here’s how the card_name and card_name stack up:
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intro_apr_rate,intro_apr_duration, then reg_apr,reg_apr_type |
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Other Benefits (or Additional Perks) |
*See spending examples below to compare earning points from each card (“Which Card Earns the Most”).
Welcome bonus winner
bonus_miles_full. This welcome bonus represents an effective 40% cash back on your first $500 in spending. The card_name does not offer a welcome bonus.
Winner: card_name
Rewards winner
Both the card_name and the card_name offer 1.5% cash back on every purchase, with no cap on the amount of rewards you can earn. Both cards also offer unlimited 5% cash back on hotels and rental cars booked through the bank’s travel portal, Capital One Travel.
Winner: Tie — Both cards offer the same ongoing rewards.
Annual fee winner
The card_name charges a annual_fees annual fee, while the card_name charges a annual_fees annual fee.
Winner: card_name
APR winner
Many credit cards offer a range of APRs based on creditworthiness. The card_name offers a reg_apr,reg_apr_type. Because card_name is offered to customers with fair credit, it comes with a higher reg_apr,reg_apr_type APR. Of course, if you pay off your balance in full every month, you won’t pay interest on your credit card charges.
In addition to a lower ongoing APR, the card_name offers a intro_apr_rate,intro_apr_duration and balance_transfer_intro_apr,balance_transfer_intro_duration. Transferring a balance will cost you balance_transfer_fees of the amount transferred, which is in line with what most major credit card issuers charge.
Winner: card_name
Foreign Transaction Fee Winner
Capital One charges no foreign transaction fees across all of its cards issued in the United States. This means you won’t have to worry about paying a fee to use your card outside the U.S. Cards issued by Capital One are a great option for traveling abroad.
Winner: Tie — Capital One credit cards do not charge foreign transaction fees.
Extended warranty
Both the card_name and card_name offer extended warranty protection on items you purchase using your card. The extended warranty protection offered by both Capital One cards doubles the manufacturer’s warranty up to an additional 24 months. Coverage is limited to repair or replacement, certain items are excluded, and the benefit only applies to warranties of 24 months or less.
Winner: Tie — Both cards offer a similar extended warranty benefit.
Which card earns the most
Both the card_name and card_name rewards cards earn 1.5% cash back on every purchase. However, the card_name also comes with a bonus_miles_full welcome bonus and has a annual_fees annual fee, making it the obvious winner.
If you spend $2,000 a month on either card, you’ll end up with $360 in cash back every year. In the first year, you’ll earn an additional $200 if you qualify for the welcome bonus, bringing your cash back earnings to $560 with the card_name.
Our Take
Why we recommend card_name
If you qualify for the card_name, getting that card is the obvious choice. It offers a lower annual fee, a better ongoing APR and a bonus_miles_full welcome bonus if you spend $500 in the first three months.
Why you would still opt for card_name
If the card_name offers the same cash back rewards, annual_fees annual fee, a better APR and a welcome bonus, why might you still opt for the card_name? The answer is simple: You are working on building your credit and do not yet have a good enough credit score to qualify for the card_name.
Typically, card_name is for people with excellent credit, meaning you’ve never declared bankruptcy, defaulted on a loan, or had late payments on a loan in the past year. The bank also suggests having an existing credit card with a credit limit above $5,000. If you have limited credit history or have defaulted on a loan in the last five years, you probably won’t qualify for the card_name, but you may be able to get the card_name.
With a middling credit rating, it may be difficult to get approved for any credit card, much less a card that offers rewards. For a annual_fees annual fee, the card_name gives you access to a rewards card that can help you build or rebuild your credit. The card offers automatic credit line reviews, so with responsible use you might be able to get a higher credit line in as little as six months.
Bottome Line
Both thecard_name and the card_name offer 1.5% cash back rewards on every purchase. However, the card_name also offers a welcome bonus, annual_fees annual fee and a lower interest rate for some cardmembers. If you qualify for the card_name, that card is the obvious choice. Alternatively, if you don’t have a decent credit rating, the card_name is worth considering as it can help you improve your credit while earning rewards.
Frequently asked questions (FAQs)
What is the card_name credit limit?
The credit limit offered on the card_name depends on several factors, including your credit score and the amount of credit Capital One has extended to you. Some people have gotten credit limits as low as $750 and as high as $10,000 on the card_name.
How can I get a card_name cash advance?
You can get a cash advance from your card_name at a physical bank or an ATM using your PIN. You can also get a cash advance from Capital One’s 24-hour travel assistance service. Keep in mind that you will be charged interest on your cash advance and will have to pay cash_advance_fee.
How does card_name rental car insurance work?
To get the MasterRental insurance included with card_names, you must charge your entire car rental charge to your card and decline any collision/damage waiver offered by the rental car company. If your car is damaged, you’ll need to file a claim online or over the phone and provide requested documentation.