Capital One is a full-service bank that provides credit cards, checking and savings accounts, mortgages, and personal loans. It was founded in 1994, making it one of the youngest financial institutions, yet it offers industry-leading goods and credit cards.

Credit Cards That Capital One Offer

Capital One offers a wide range of credit cards across a number of categories. Here are a few sorts of credit cards offered by Capital One:

Cash Back Credit Cards

The cash back credit cards issued by Capital One provide high earning rates in a variety of areas, including restaurants, hotels, travel, and everyday expenditures. There is a Capital One cash back card for all, including foodies, jet setters, and cash back fans who don’t require any extras.

Capital One SavorOne Cash Rewards Credit Card

What we like most about the SavorOne card is that it offers attractive rewards rates on eating and grocery stores (excluding Walmart and Target) as well as select streaming services, making it simple to earn rewards on meals and your favorite television shows.

This card is beneficial for homebody gourmands and social butterflies. The 3 percent cash back on food-related categories makes this card advantageous for both active and sedentary individuals.

If you are a foodie and travel enthusiast, the American Express® Gold Card gives rewards in the categories in which you spend the most. Just be wary of its annual cost.

Travel Credit Cards

Capital One’s Venture Card family allows travelers to earn and fund their next vacation. Most notably, the relatively new Venture X card includes numerous luxury travel card advantages and benefits but with a far lower annual charge. In addition, Capital One’s range of travel partners can increase the value of your transferred points.

Capital One Venture X Rewards Credit Card

Compared to other luxury travel cards, the Venture X card’s lower annual cost makes it an affordable option to receive premium features and rewards on par with industry leaders.

That said, luxury travelers on a tight budget should apply for this card.

It’s difficult to find a true alternative to Venture X, but if you don’t want to shell out hundreds of dollars for the annual fee, consider Capital One’s other Venture travel rewards credit cards with low or no annual fees.

Credit-Building Credit Cards

Capital One’s best credit cards include a series of cards designed for individuals with poor credit. Its Platinum and secured credit cards offer several methods for establishing and building credit, some even featuring a rewards program.

Capital One Platinum Secured Credit Card

The Capital One Platinum Secured features a relatively low-security deposit, especially for a secured credit card, beginning at just $49. This characteristic makes it easier for individuals with fewer resources to establish credit.

Anyone who wishes to begin building credit and needs a minimal barrier of entry to do so should apply for this card.

If you can make a security deposit of at least $200, the Citi® Secured Mastercard® may be a better option due to its lower ongoing APR (26.74 percent variable). With the same security deposit criteria, the First Progress Platinum Prestige Mastercard® Secured Credit Card has an even lower APR (14.24 percent variable).

Pros And Cons Of Capital One Credit Cards

Pros

• Capital One offers a vast selection of credit cards suited to a variety of spending patterns.
• Capital One has a credit card designed to help you reach your financial objectives, regardless of your credit history.
• Capital One credit cards do not incur foreign transaction fees, saving you between 3% and 5% per transaction.

Cons

• Many Capital One credit cards include an annual charge, although other cards waive the fee for the first year.
• Numerous Capital One credit cards feature rather high standard APRs, therefore, users should avoid carrying a big debt.
• Capital One only offers one premium credit card, indicating that its competitors may provide greater benefits and total value.

How The Capital One Rewards Program Works

Cash back and miles are the two forms of credit card rewards offered by Capital One. Depending on the category and card, all of Capital One’s cash back credit cards earn a percentage of cash back on purchases. For instance, the SavorOne Cash Rewards card offers 8% cash back on Capital One Entertainment purchases. Thus, $100 in purchases in this area would earn you $8 in redeemable points.

In contrast, Capital One’s Venture card portfolio earns miles redeemable for future travel. The following Capital One consumer cards generate miles:

• Venture X Rewards Credit Card
• Venture Rewards Credit Card
• VentureOne Rewards Credit Card

Once you’ve amassed a large number of Capital One mile, there are several ways to redeem them through your Capital One account:

• Capital One Travel is a travel booking website
• Share miles with a travel partner
• Receive cash back as a credit to your account or a check
• Obtain gift cards for many brands
• Obtain event tickets via the Capital One Entertainment website
• Pay for goods with PayPal or Amazon.com

Capital One points can be redeemed in a variety of ways, but transferring them to a travel partner, with most miles transferring at a 1:1 rate, provides the most value.

According to our most recent assessment of points and miles, Capital One miles are valued at an average of 2 cents per mile when transferred to high-value transfer partners. Thus, 100,000 Capital One miles may be worth $2,000.

Get A Capital One Credit Card Today!

So, you have chosen to apply for a Capital One credit card. Here’s how to apply for and receive a Capital One credit card:

1. Examine your credit rating. As with any card provider, each product has minimum credit score criteria. If you have a credit score of at least 580, you have a number of credit card options. However, having a credit score above 800 will allow you to choose from the available options.
2. Examine prequalifications. Capital One provides a tool for determining which of their credit cards you may qualify for. CardMatchTM can also be used to obtain customized offers.
3. Complete the application. Once you’ve determined the Capital One card best suits your needs, visit the issuer’s website to begin the application process. You must give information regarding your name, date of birth, address, Social Security number, projected income, and checking or savings account.
4. Get your decision. You will instantly learn whether your credit card application has been approved or declined. Capital One is required by law to issue you an explanation letter if your application is rejected.