Top 7 Capital One credit cards: Capital One, which offers a wide range of products, including credit cards, is one of the largest financial firms in the United States. Here are the 7 best Capital One credit cards of 2022.
Capital One credit cards always appear on the best lists thanks to their rewards rates, bonuses, and additional benefits. In the same way, Capital One offers its cards to people with different credit levels, so there is something for everyone.
Where are we challenged? When there are so many options available, it’s easy to become overwhelmed by interest rates, features, and rewards programs. You don’t have to worry. Here is our list of the 7 best Capital One credit cards of 2021 .
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The Best Capital One Credit Cards of 2021
|Credit card||The best for||Minimum credit required||Our rating|
|Capital One® Venture® Rewards Credit Card||Travellers||Well||5.0 / 5|
|Capital One® Savor® Cash Rewards Credit Card||Dinners and entertainment||Well||5.0 / 5|
|Journey® Student Rewards from Capital One®||Students||Limited||5.0 / 5|
|Capital One® Secured Mastercard®||People with bad credit||Limited||5.0 / 5|
|Capital One® Spark® Cash for Business||Business||Well||5.0 / 5|
|Capital One® QuicksilverOne® Cash Rewards Credit Card||People with fair credit||Limited||4.7 / 5|
|Capital One® Quicksilver® Cash Rewards Credit Card||Cash rewards||Well||4.4 / 5|
As a result of our research, we concluded that the best Capital One credit card is Quicksilver®. But why? For purchases you make with it, you’ll receive a cash back reward of 1.5%. It has no annual fee. You can earn a $ 150 Starting Bonus by purchasing $ 500 worth of items during your first three months. When travel isn’t a priority, people need a rewards structure that is low-cost and simple. Additionally, the card offers a 15-month 0% introductory APR.
Comparing Capital One credit cards is a good way to choose the one that matches your needs. In this regard, we would also recommend comparing the Capital One card of your choice with options from other companies. Don’t miss out on a great deal, after all.
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Best for Travelers: Capital One® Venture® Rewards Credit Card
Capital One Venture® Rewards Credit Card is the best Capital One credit card for travel rewards. In return for opening an account with Venture, you will receive an initial bonus of 50,000 miles (worth $ 500 worth of travel). In addition, cardholders earn 2 miles for every dollar they spend.
Best for Cash Rewards : Capital One® Quicksilver® Cash Rewards Credit Card
Quicksilver® is the best Capital One credit card for cash rewards. What is the reason? The Quicksilver credit card offers its cardholders rewards starting at a flat 1.5% cash back rate. It also has no annual fee!
Best for entertainment lovers: Capital One® Savor® Cash Rewards Credit Card
Applicants interested in saving on dining and entertainment can earn unlimited 4% cash back for spending at restaurants and entertainment venues, an unlimited 2% cash back at grocery stores, and an unlimited 1% cash back on all other purchases. New applicants who spend at least $3,000 in the first three months are also eligible for a $300 start-up bonus. It is possible to consider Capital One® SavorOne® as an alternative for those who do not wish to pay an annual fee of $ 95, which has a $ 0 annual fee; however, it does not feature such generous rewards.
Best for people with fair credit: Capital One® QuicksilverOne® Cash Rewards Credit Card
Those with fair credit have the highest chance of obtaining this loan. There is an annual fee of $ 39 for the QuicksilverOne, but it offers 1.5% cash back on all purchases. Using the rewards from the card you can cover the annual fee at a breakeven point of $ 2,600 in annual expenses. The Capital One® Platinum credit card comes without an annual fee and does not offer rewards. Therefore, if you aren’t able to spend that much, consider it as an alternative.
Best for Students: Journey® Student Rewards from Capital One®
For college students seeking a Capital One credit card, Journey® Student Rewards is an option. Cardmembers will receive a minimum of 1% on all purchases (1.25% if the bill is paid by the due date), and there is no annual fee.
Best for people with bad credit: Capital One® Secured Mastercard®
A Capital One® Secured Mastercard® is your best option if you have bad credit and want to improve it. A $ 0 annual fee is charged and a $ 200 initial credit limit is set. The minimum security deposit is $ 49, $ 99, or $ 200.
Best for Business: Capital One® Spark® Cash for Business
A thorough comparison led us to conclude that Spark® Cash for Business is the best Capital One credit card for businesses. During the first three months, you will receive $ 500 in bonuses for spending $ 4,500 on this card. With this card, you will earn unlimited 2% cashback on all purchases.
Additional information about Capital One credit cards
The Capital One credit card is among the best on the market for its attractive rewards and low-cost options for building credit.
Although Capital One is a well-known company, there’s probably still a lot you don’t know about its credit cards. Below is a list of what we consider to be the key and most notable areas so that you are well informed before applying for a Capital One card.
As a bonus offering attractive rewards, Capital One credit cards do not charge annual fees. They even provide a $ 0 fraud liability guarantee, as well as ancillary benefits like travel insurance. As much as their strengths, Capital One has weak points as well. They don’t offer refund protection, and their purchase protection program is not as good as we’d like.
Scores on credit cards
Each Capital One credit card has different credit score requirements. Those with any credit level are eligible to apply for a Capital One card. For people with low or no credit scores, the Capital One® Secured Mastercard® card is an excellent option. Capital One’s most popular cards, including the Venture, Savor, and Quicksilver, require excellent or good credit.
Number of cards allowed
A person may have no more than two Capital One credit cards at one time. The limit does not apply to Capital One Secured Cards , Capital One Cobranded Cards , or Capital One Business Cards.
Limits on credit
An assessment of the applicants’ credit history as well as their ability to pay is used to determine the credit limits of Capital One cards. The minimum credit limits of some, but not all, card offers are detailed in the terms and conditions.
An Interest Rate
A Capital One credit card can have an interest rate as low as 0% for a limited time, or as high as 26.99%. In contrast, holders who pay their full statement balance by the due date will not be charged interest.
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FAQ’s about Capital One and its credit cards
How do I activate my Capital One card?
Log on to the Capital One activation page (create an account if necessary) in order to activate your Capital One credit card online. On the back of the card, you will find the three-digit security code for the card.
Through the mobile application, you can also do it. Sign in with the same credentials you use for your online account. Click on “Account settings”, then on “Activate credit card”, to access your credit card information. Type in the previous security code.
Where can I get a Capital One preapproval?
Getting a Capital One preapproval online is easy: Start by entering your name, date of birth, social security number, and address. Then click on “See card offers” on the platform and indicate what kind of card you want. Based on a soft inquiry of your credit, Capital One will determine which card you are a good candidate for. Your credit score won’t be affected, and it shouldn’t take more than a few minutes.
What is the status of my Capital One application?
You can check the status of your Capital One credit card application by calling 1-877-277-5901. You will be asked for your phone number after clicking “3” on the menu. To confirm your identity, you will also be asked to enter your social security number. The status of your application will be updated as soon as you do.
What is the procedure for cancelling a Capital One credit card?
Credit cards from Capital One can be cancelled online or by calling 1-800-227-4825.
Log into your Capital One account to cancel a Capital One card online. Capital One will ask you to confirm the closing procedure after you click on “More account services.”
Call Capital One at 1-800-227-4825 to cancel your Capital One card over the phone. Simply enter your capital one number to reach a representative. Explain to him that you are terminating your Capital One credit card.
You should keep a few things in mind before cancelling a Capital One credit card. The first is that you will still be responsible for paying any balance you owe; the second is that you will continue to receive account statements until the balance is paid; the third is that unredeemed rewards will be lost; and the fourth is that your credit score is likely to drop, but the exact amount will depend on the age and credit limit of the account. To know More what happens if you cancel a credit card click here.
How can I add an authorized user to my Capital One account?
Added an authorized user to your Capital One account can be done online or over the phone at 1-877-338-4802. Any individual can be added, regardless of age or affiliation relationship, and to do so, you need their social security number, date of birth, and address.
Adding an authorized user online is as simple as logging into your account, clicking on “Services”, then “Manage Authorized Users”, and then “Add New User”.
You can add an authorized user over the phone by calling the Capital One number on the back of your card and requesting the add-on. A customer service representative will take your card number and configure your account after you enter it.
You should take into account a few details before adding an authorized user to your Capital One card. Below we present the company’s policies.
Capital One must approve a Capital One card before adding a user.
Authorized users can be added to an account as many times as you want.
The users will each receive a card that is linked to the account.
If you add users online, you can customize their spending limits. To have a representative do it for you, call 1-877-383-4802.
Charges incurred by authorized users must be paid by you.
In addition to the monthly statement, you will also be able to see who made each charge.
Authorized users can only be added to an account by the primary cardholder.
What makes Capital One a reliable credit card?
Credit cards from Capital One have many benefits. First-time cardholders may be eligible for bonus rewards if they apply online and get the right card. Capital One’s protection makes you feel safe. The card has no fraud liability, so you won’t be liable for any unauthorized purchases, and you will receive alerts if there is suspicious activity on your card. Capital One’s mobile app and AutoPay make it easy to manage your purchases and bills.
What are Capital One rewards?
Rewards can be earned through Capital One credit cards in cash or travel. They can be explained by the fact that their rewards system is similar to any other cash reward system.
Miles are redeemed for travel rewards. Instead of being redeemable on only one airline, they can also be used for other qualifying travel purchases, such as hotels, taxis, and cars.
The miles in your account will never expire, and there is no minimum redemption requirement. This makes it a superior reward program to those that require 2,500 to 10,000 points to be redeemed at once.
What are the redemption options for Capital One miles?
As we will explain below, there are four main ways to redeem Capital One miles.
Redeemable options worth considering
Credits can be purchased (value: $ 0.01 per point). If you have made any travel expenses in the last 90 days, Capital One offers an option called “Travel Eraser” that allows you to “erase” these costs using your miles. In addition to airline tickets and hotels, it also includes car rentals, accommodation sites such as Airbnb, cruises, and other means of transportation such as taxis. Say, for instance, that you recently stayed at a hotel and your final bill was $678. The charge was made to your Capital One credit card, which gives you 50,000 miles. If you apply those 50,000 miles, the $ 678 hotel fee will be reduced by $ 500.
Reservations (Value: $ 0.01 per point): Capital One’s travel portal also lets you book trips with your points, and you receive the same benefit as if you used them with the Travel Eraser. There are however a few things you might miss out on if you choose this option.
Points: $0.01 per point for gift cards. In addition to redeeming your miles for gift cards, you can also use your rewards to purchase regular items instead of travel. This option lets you shop at a wide variety of stores, including daily shopping venues.
Having unreliable redemption options
Money (Value: $ 0.005 per point). If you have no other way to redeem your miles, this redemption option is not worth it. Any purchase you have made will allow you to use your points to get cash back, however, if it isn’t coded as a travel expense, you will only receive half the value of your points.
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What is the best Capital One credit card?
It is impossible to choose the most suitable Capital One card for everyone, and there is no such thing as a one-size-fits-all approach. Capital One has expanded its offerings over the years due to its popularity in the credit card industry. One of the few major banks with cards for people of all credit levels, Capital One is a good choice for business owners and consumers building credit.
Expert restorer and entertainer: A foodie’s dream, the Capital One SavorOne Cash Rewards Credit Card. 3% back on dining, entertainment, streaming services, and groceries (excluding superstores like Walmart® and Target®), plus 1% cashback on everything else. Vivid Seats offers 8% cash back on tickets through January 2023.
Traveller: Travelers have two solid Capital One options: The Capital One Venture Rewards Credit Card or the Capital One VentureOne Rewards Credit Card. Designed for frequent travellers, the Capital One Venture Rewards credit card offers a higher rewards rate and more travel benefits. Capital One VentureOne Rewards Credit Card is ideal for consumers who are starting to travel more, but still want a travel rewards rate that is lower and no annual fee.
Entrepreneur: Capital One offers two business cards to choose from if you travel for work or spend a lot on business: the Capital One Spark Miles for Business or the Capital One Spark Cash for Business.
Simpleton: Are you looking for a cash back card that doesn’t require rotating bonus categories or enrolments? Cash back is unlimited on all general purchases with the Capital One Quicksilver Cash Rewards Credit Card.
Credit builder: Capital One Platinum Credit Card or Capital One Platinum Secured Credit Card can help if you have defaulted on a loan more than once. In addition, you may have had a credit card declined in the last three months.
Is it possible to get a Capital One card with bad credit?
Capital One offers many credit cards for people with average credit, and if you pay your bills on time, you can build your credit quickly. Capital One Platinum Secured credit cards are ideal for people with bad credit. You can rebuild your credit with this card if you use it responsibly, and there is no annual fee. Security deposits are refundable. As soon as you make the minimum deposit (starting at $49 if you qualify, $99 or $200 otherwise), you’ll receive an initial $200 line of credit. If you have bad credit and want to rebuild it, this is a great option from Capital One.
Here are some tips to keep in mind when applying for a Capital One credit card: You need to consider a few things before choosing which Capital One credit card is best for you if you decide to apply for one.
Depending on the card you choose, the annual fee will vary. Fees may be worthwhile or not depending on rewards.
If you are not planning to pay the entire balance each month, you should check the interest rate.
If you have a lot of spending habits, consider whether the rewards are worth the annual fee.
Look at all the other fees and decide if they are worth it.
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How does a Capital One credit card affect my credit score?
You might be able to boost your credit score with a Capital One credit card if you pay your balance on time every month. For help boosting your credit score, apply for a card designed specifically for people with average credit. As a matter of fact, many Capital One credit cards advertise that if you make your first five monthly payments on time, you’ll be able to access a higher credit limit, which ultimately boosts your credit score.
How much faster or slower will my credit score increase if I use a Capital One card?
In order to raise your credit score, you need to pay your bills on time, pay off any other debts, and not have too many open accounts. If you properly use your Capital One credit card and follow the guidelines to increase your credit score, you’ll reap the benefits of banking with Capital One.
Here are some tips for using a Capital One credit card to build your credit: If you pay all your bills on time, you will increase your credit score the most. In addition, do not exceed your credit limit and always spend less than what you have been given. You should avoid opening and closing too many credit cards in a short period of time, and only open credit cards you really need and can afford.
What should I do if my application is rejected?
Being denied a credit card can be discouraging. You should find out why your application was rejected so you can work on a solution. Due to a very low credit score, the lender will legally be required to provide you with a copy of your credit report for free. Dispute any errors in your application that caused your application to be denied and you may be approved this way. If your credit score is too low, consider a secured credit card, such as the Capital One Platinum Secured Credit Card, to help rebuild your credit score.
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Can you have more than one Capital One card?
As of 2011, Capital One credit cards can only be held by two people at a time. The rule applies to most Capital One consumer credit cards, such as the Capital One Venture Rewards Credit Card and the Capital One SavorOne Cash Rewards Credit Card.
Capital One Platinum Secured Credit Card, any Capital One co-branded card, or Capital One business credit cards are not subject to this rule. If you have more than two Capital One credit cards, you were likely protected before the rule came into effect. This means you were allowed to keep all of your Capital One credit card accounts open.
The two-card limit may limit rewards earning, but Capital One still has a lot to offer through its credit card portfolio. Capital One Venture Rewards Credit Card and Capital One SavorOne Cash Rewards Credit Card, for example, are popular combinations of credit cards because they cover popular spending categories.
These are the top 7 Capital One credit cards based on their scores, credit limits, and benefits. I hope this is enough information about Capital One credit cards.Should you have any questions, feel free to leave a comment.