It seems like the better the credit card offer these days, the more complicated the rules are for securing rewards and perks. There are so many tiers and spend requirements to meet; it’s confusing even for a guy like me that writes about this stuff day in and day out. One card, however, that has come through with a great and simple rewards program is the Capital One® Cash Rewards.
The Capital One® Cash Rewards card offers consumers 1% cash back on all purchases, period. Plus, every anniversary, Capital One will provide you a 50% bonus on the cash back you’ve received for the previous year. This effectively makes the card a 1.5% cash back credit card (.5% which is delayed until the end of your anniversary year) and no other credit card on the market today provides this simplistic rewards structure.
But that’s not the only reason to own the Capital One® Cash Rewards. New cardholders will receive a one-time bonus of $100 cash back after you spend $500 on purchases within the first three months. This card also has a 0% intro APR on both purchases and balance transfers, as well as other benefits, as follows:
- $100 bonus after you spend $500 on purchases within the first 3 months
- 50% bonus on the cash back you earn every year
- 1% cash back on all purchases
- No annual fee
- Earn unlimited cash back that doesn't expire
- Redeem cash back anytime for any amount, even set automatic redemptions
- Personalize your card with an image of your choice
- 0% intro APR on purchases and balance transfers until May 2014.
Oddly enough, the Capital One® Cash Rewards card acts as both a credit card AND a charge card because it provides cardholders a credit limit without a pre-set spending limit. This means that if you are going to go over your credit limit with a purchase, Capital One can still approve your charge and you will have one statement period to pay the over-limit amount, fee free. This comes in handy for emergencies and can save cardholders the embarrassment of having their card declined for everyday purchases.
Look as hard as you like, you’re not going to find a card similar to the Capital One® Cash Rewards card on the market today. Excellent rewards with virtually no fees and a solid introductory offer make this card a must for any consumer that has the excellent credit this card demands. Consider signing up for the Capital One® Cash Rewards card today.
Published or updated December 15, 2012.