Capital One Review From Mastercard

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We all know that credit cards are a necessary financial tool to cope with modern life. For example, most increasingly popular online purchases are made by paying with your credit card.

But every consumer has different needs.

Understanding this, credit card issuers have given the task to denote those that fit the needs of their cardholders. In this regard, a person who travels a lot has different needs from one who has a business and needs a small credit for it.

Mastercard Capital One Credit Cards

One of the answers they have given is rewards cards, which basically pay back money for spending the available balance of your card in a certain category of purchases, among other conditions.

In this post, we are going to tour you around Capital One, who in association with Mastercard has developed a series of financial products of this type that may be a viable option for you to make the best out of your credit card purchases. Let’s get started:

Cash Rewards Credit Card SavorOne℠

This card is designed for people who have a low credit rating, but still, expect to receive rewards for using their credit cards responsibly.

To qualify for an application with this product your credit score must be between excellent and good. A SavorOne card is also a good option for those who intend to try the rewards method proposed by Capital One.

Its reward features are as follows:

You can earn a cash bonus of $150 once you have spent $500 on purchases, this consumption must be made within the first 3 months from the opening of the account and enjoyment of the card.

Besides, you’ll get an unlimited 3% refund on purchases associated with meals and entertainment, but 2% at grocery stores and only 1% on all other purchases.

It may not seem like much, but some competitors don’t offer any rewards outside of certain shopping categories.

On the other hand, you won’t have to watch out for rotating categories or systematically sign up for temporary promotions to win cash prizes.

Plus, cashback will never expire, it will always be available for the life of the account, and there’s no limit to the amount of reward money you can earn.

About the rates:

  • 0% of initial APR on all your purchases for 15 months –Yet it will go up to 16.24% – 26.24% variable APR after that.
  • 0% of initial APR on balance transfers during the initial 15 months –Again, it will go up to 16.24% – 26.24% variable APR after that.
  • A 3% fee applies to amounts transferred within the first 15 months.
  • There are no foreign transaction fees.
  • No annual fee.

Savor® Credit Card with Cash Rewards

Savor is a card similar to the SavorOne but designed for those customers who have a somewhat higher economic range. To qualify for an application with this product your credit rating must be excellent.

These are the rewards offered:

Enjoy a $3,000 cash bonus once you have spent $3,000 on purchases, but note that this consumption must be made within the first 3 months of opening the account and enjoying the card.

You’ll get an unlimited 4% cash back at restaurants and entertainment venues, 2% at grocery stores and 1% on all other purchases. Plus, you’ll earn a generous 8% cashback on Vivid Seat tickets until May 2020.

Receive a monthly statement credit for an unlimited monthly Postmates membership, a promotion that is effective until December 2019 with the card in question.

Besides, you won’t have to watch out for rotating categories or systematically sign up for temporary promotions to win cash prizes. Plus, the cashback will never expire, it will always be available for the life of the account, and there’s no limit to the amount of reward money you can earn.

About the rates and fees

  • You will not pay commissions for foreign transactions.
  • As a Capital One cardholder, you’ll have access to premium dining experiences, entertainment, and many other possibilities.
  • You’ll also enjoy a 0% annual introductory fee for the first year, but you’ll pay $95 after that period.

QuicksilverOne® Cash Rewards Credit Card

QuicksilverOne® Cash Rewards is a card specially designed for those customers who are on time for their payments.

If you are one of those who never fall behind you may qualify for this product, as the credit rating required to apply ranges from limited to average. The advantages offered by this specific card are shown below:

You’ll enjoy 1.5% unlimited cash back earnings on every purchase you make, every day of the year.

This means that in order to win the cash prizes you will not need to register in categories that rotate constantly, saving you time.

If you prove that you are a responsible customer you will be able to get access to a higher line of credit after making the first 5 monthly payments on time.

On the other hand, you can control your credit profile with the CreditWise® application, free for all Capital One customers. With this tool, you can see how your credit score goes up or down depending on your financial habits.

Another great benefit is the safety of this card’s program, by using this card, the responsibility for fraud is $0 if your card is ever lost or stolen.

Besides, there are no limits on the amount of cashback you can earn by using the credit card, and cashback never expires, as long as the account is active.

Using the card responsibly can strengthen your credit score, which is an advantage if you plan to borrow in the future. Even if you don’t, it’s always healthy to keep your credit in good shape and you will even get personalized alerts, plus you can manage your account with the Capital One mobile app.

About rates and fees:

  • The annual fee can be qualified as reasonable, it’s $39 from the expedition.

Journey® Student Rewards Credit Card

This, the Journey® Student Rewards, is a more limited rewards card. It is intended precisely for students who are just getting started in the process of managing their personal accounts.

That’s why it offers fewer benefits over Capital One’s other rewards products. However, these are the advantages offered to those who opt for it:

  • Earn up to 1% cashback, applicable to all your purchases.
  • In addition, if you pay your monthly payment on time you will increase your cash refund up to a total of 1.25% for that month.
  • You don’t have to pay any fees for foreign transactions.
  • With this card, you get the advantage of building your credit through responsible use, which will be useful if, for example, you need to apply for a student loan or refinancing or rescheduling of student loan payments.
  • Get Eno®, a Capital One® wizard that manages your account via text messaging also sends alerts and helps you shop more securely online.
  • Choose the monthly due date that’s right for you.

Besides, if you prove you’re a responsible customer, you can get access to a higher line of credit after making your first 5 monthly payments on time, and when using this card the liability for fraud is $0 if your card is ever lost or stolen.

On the other hand, you can also control your credit profile with the CreditWise® application, free for all Capital One customers and use the card and enjoy its benefits with no annual fee.

Another Benefit Of Capital One

Some family and friends may enjoy reward benefits that seem to be more attractive. But usually, the companies that seek a better market position are the ones that offer the most attractive rewards.

Capital One, on the other hand, is a widely recognized entity in the world, with a strong presence that gives confidence to its clients.

We can, therefore, say that being a client of this issuer is in itself an advantage. Although it is not the only one firmly established in the nation, it is one of the strongest.

In addition, the partnership with MasterCard gives you the opportunity to use your card anywhere in the world without problems, in fact, all cards on the list are commission-free for overseas transactions.

To Sum Up

Capital One, through a commercial agreement with Mastercard, offers the much sought after rewards credit cards. If you are looking to get rid of the annual fee or prefer to pay it, you can search through this selection. Also, make sure to choose the one that fits better your financial conditions regardless of your credit score.

Finally, through its particular tool, CreditWise, you can personally monitor your credit score without having to consult with the three major credit rating agencies, which means giving your score a negative blow.

In the end, these cards can be great allies in your goal of reducing expenses if you use them the right way, and they are also part of the very few cards in the market that protect you in case of identity theft.

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