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.
Mastercard Capital One Review
Understanding this, credit card issuers have been given the task of denoting 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.
One of the answers they have given is rewards cards, which pay back money for spending the available balance of your card in a certain category of purchases, among other conditions.
In this post, we will tour you around Mastercard Capital One, which 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:
1. Cash Rewards Credit Card SavorOne℠
This card is designed for people with a low credit rating but still expect to receive rewards for responsibly using their credit cards.
Your credit score must be excellent and reasonable to qualify for an application with this product. 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 three 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 rewards outside specific 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 reward money you can earn.
About the rates:
- 0% of the initial APR on all your purchases for 15 months will go up to 16.24% – 26.24% variable APR.
- 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 customers with a 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 three 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 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 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% 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 you will not need to register in categories that constantly rotate to win cash prizes, 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 five monthly payments on time.
On the other hand, you can control your credit profile with the CreditWise® application, free for all Capital One customers. This tool lets you see how your credit score increases 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 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. But, even if you don’t, keeping your credit in good shape is always healthy, and you will 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, and 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 for students who are just starting to manage their accounts.
It offers fewer benefits than Capital One’s other rewards products. However, these are the advantages provided 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 to 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 helpful if, for example, you need to apply for a student loan or refinance or reschedule student loan payments.
- Get Eno®, a Capital One® wizard that manages your account via text messaging, sends alerts, and helps you shop more securely online.
- Choose the monthly due date that’s right for you.
Besides, suppose you prove you’re a responsible customer. In that case, you can get access to a higher line of credit after making your first five 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 who use the card and enjoy its benefits with no annual fee.
What Is Credit Card Pre-Approval? | Capital One
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 appealing rewards.
On the other hand, Capital One is a widely recognized entity worldwide, with a strong presence that gives confidence to its clients.
Therefore, we can say that being a client of this issuer is 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 allows you to use your card anywhere in the world without problems. Furthermore, all cards on the list are commission-free for overseas transactions.
Capital One offers the best sought-after rewards credit cards through a commercial agreement with MasterCard. You can search through this selection if you want to get rid of the annual fee or prefer to pay it. Also, choose the one that fits your financial conditions better, regardless of your credit score.
Finally, through its particular tool, CreditWise, you can personally monitor your credit score without consulting with the three major credit rating agencies, damaging your score.
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.Visit Capital One