Capital One offers a range of consumer credit cards that target different consumer groups based on rewards preferences and credit history. Below we offer our ranking of the five “best” Capital One credit cards:
Capital One SavorOne Cash Rewards Credit Card – Why We Like It Best: Offers generous cash back in everyday categories where you are likely to be doing real spending, with no annual fee! Earn 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. EARLY SPEND BONUS: Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.
Capital One Venture X Rewards Credit Card – Why We Like It: Offers the desirable features of more expensive travel cards, but strips away the fluff to keep the annual fee reasonable. That annual fee is $395, but you can get up to $300 in travel credits when you book through Capital One Travel, and there is an Early Spend Bonus of 75,000 miles once you spend $4,000 on purchases within the first 3 months from account opening. The Anniversary Miles Bonus kicks in starting on your first anniversary, with 10,000 bonus miles (equal to $100 towards travel).
In terms of rewards on everyday purchases, earn unlimited 10 miles per dollar in purchases on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel, plus unlimited 2X miles on all other purchases. And don’t forget airport lounge access through the Priority Pass network & the new Capital One Lounges, plus quite a bit more.
Capital One Quicksilver Cash Rewards Credit Card – Why It Makes The List: Easy-to-understand cash back credit card gives 1.5% cash back on every purchase you make with the card, so it’s not necessary to think about purchasing categories when you carry this one. No annual fee to worry about, either. EARLY SPEND BONUS: Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.
Capital One Platinum Credit Card – Why It Makes The List: No frills, but this no-annual-fee credit card has been the starting place for many people with fair/average credit (or little credit history at all) who got turned down by other credit card issuers. As a result, it has a fan club of grateful cardholders who held it while building their credit scores to a place where they might qualify for one of the Capital One rewards credit cards listed above. If approved, Capital One says you’ll be “automatically considered for a higher credit line in as little as 6 months.”
Capital One Venture Rewards Credit Card – Why It Makes The List: If the Venture X listed above has too high of an annual fee for you, this alternate Capital One travel credit card still offers plenty at a more do-able $95 annual fee. Earn unlimited 2 miles per dollar on every purchase (but 5 miles per dollar on hotels and rental cars booked through Capital One Travel), and use those miles to pay for travel or even transfer them into the loyalty programs of Capital One travel partners. Other perks include a credit toward your Global Entry or TSA PreCheck application (up to $100 when paid with the card), Hertz Five Star status, no foreign transaction fees on purchases outside of the United States and more. EARLY SPEND BONUS: Earn 75,000 bonus miles once you spend $4,000 on purchases with the card within the first 3 months from account opening.
Author: Adam Jusko