Capital One has a diverse range of credit cards to meet a wide range of financial demands, including cash back, travel, business, and credit-building.
If you perform the majority of your banking online, you’ll appreciate the digital account management that CapitalOne credit cards provide.
Here are some of the best cards from our credit card partner, Capital One.
What is Capital One?
CapitalOne Bank is a full-service financial institution that provides personal loans, checking and savings accounts, mortgages, and credit cards.
It is one of the younger financial companies, having been founded in 1994, but it offers industry-leading goods and credit cards.
In the 2021 J.D. Power U.S. Credit Card Satisfaction study, CapitalOne was named the third-best credit card issuer for customer satisfaction, with a satisfaction score of 815 on a 1,000 point scale.
The Capital One 360 Checking Account is a simple deposit account with no monthly fees that can help you manage your money.
You can get your paycheck, withdraw money from over 40,000 CapitalOne and Allpoint ATMs, and deposit checks from the comfort of your phone – all for free.
Pros and cons of Capital One credit cards
- Credit card diversity: CapitalOne offers a wide range of credit cards geared to suit a variety of spending habits.
- Credit range: Whether you have bad or good credit, CapitalOne has a card that can help you achieve your financial goals.
- Travel benefits: CapitalOne cards do not incur foreign transaction fees, saving you 3% to 5% every transaction.
- Annual fees: Many CapitalOne cards include an annual fee, but some waive it the first year.
- Regular APR: Because many Capital One cards have a somewhat high regular APR, users should avoid carrying a substantial debt.
- Competition: Because Capital One only offers one high-end credit card, its competitors may offer better rewards and overall value.
Who Is Capital One Best for?
Consumers seeking for a full-service, online bank might find CapitalOne appealing. Customers who want to:
- Earn a competitive APY with an online savings account
- Avoid monthly maintenance costs
- Do the majority of their banking online
- Access accounts and credit scores from their phone
Still not sure if a Capital One credit card is the perfect choice for you?
Visit their Credit Card Spender Type Tool for personalised credit card recommendations based on your credit score, spending habits, and daily necessities.
Capital One Credit Card Benefits
Capital One has a variety of credit card alternatives for varied credit ratings and spending habits, ranging from travel to cash back to business cards.
Here is a list of everything else CapitalOne offers to offer:
Account Management Service
- Capital One’s Eno® Your Intelligent Assistant lets you keep track of your account through texting, balance checking, transaction review, and bill paying.
- You will have access to customer service 24 hours a day, seven days a week.
- Capital One provides Proactive Account Alerts through email and text message to keep you up to date on account activity.
Apps and Online Services
- You can view your balance and transactions, pay your bill, and do other things with the Capital One Mobile App.
- Capital One’s CreditWise® service allows you to check your credit for free without affecting your score.
How to Choose a Capital One Credit Card
CapitalOne has a wide range of credit card options to meet the demands of practically any cardholder.
Consider what its major use will be as a financial tool when choosing a CapitalOne card, and restricting your options will be simple.
When selecting a CapitalOne card, keep the following in mind:
What’s your Credit Score?
CapitalOne has credit card alternatives for almost any credit level, so almost anyone can receive a Capital One credit card.
Your credit score, on the other hand, will influence which CapitalOne cards you are eligible for.
If you want to earn rewards from your credit card, keep in mind that the most profitable Capital One rewards cards will be reserved for customers with good-to-excellent credit.
How will you use the card?
Where do you spend the majority of your money?
Before choosing a CapitalOne credit card, think about the response.
Will you attempt to obtain free or cheap travel?
Or are you wanting to finance a large purchase?
Analyzing your responses should assist you in determining the benefits and cons of each card.
Can you stick to best practices?
While using a CapitalOne credit card strategically can give a number of benefits, it can also lead to an increase in debt, a bad impact on your credit score, or rising interest costs if you’re not careful.
Consider the following best practices and, if possible, follow them when choosing a CapitalOne credit card:
- Paying your balance in whole and on schedule each month.
You can prevent interest costs by paying your accounts in whole and on schedule.
On-time payments will also be recorded to the three credit bureaus, assisting you in gradually improving your credit score.
- Always making your payments on time.
Again, on-time payments are a big factor in your credit score.
Late payments have a negative impact on your credit score and frequently result in a late charge.
- You should only charge what you can afford.
Another criterion used to establish your credit score is your credit utilisation ratio. Try to maintain your credit usage ratio around 30%.
The Capital One mobile app is still one of the best finance apps available.
It presently ranks in the top 10 free finance apps in both stores, with a 4.8 review score in the Apple app store and a 4.7 review score in the Google Play store.
Capital One travel rewards Program Overview
When it comes to earning miles, the CapitalOne travel rewards programme provides a good deal of variety.
Capital One’s travel cards include the Venture X, Venture Rewards, and VentureOne Rewards.
You won’t be confined to one brand because they aren’t co-branded or linked with specific hotels or airlines.
Plus, you’ll get a fixed rewards rate for every transaction, so no need to worry about rolling bonus categories.
If you want to transfer your points, CapitalOne has several miles transfer partners, and most Capital One miles can now be transferred at a 1:1 ratio to travel partners.
Furthermore, you can use your Capital One card to redeem rewards for travel, gift cards, or as a statement credit for travel booked within the last 90 days (including Airbnb).
Using a few instances, let’s dissect Capital One’s travel cards, the Venture and the VentureOne:
Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card is a fantastic fit if you want to earn travel rewards on daily purchases.
Every purchase will earn you 2X miles.
This card offers a one-time bonus of 75,000 miles after spending $4,000 on purchases within three months of account opening, which is equivalent to $750 in travel.
The annual charge is $95 USD.
Capital One VentureOne Rewards Credit Card
The CapitalOne VentureOne Rewards Credit Card is the Venture card’s younger sibling.
There is no yearly charge and the rewards rate is 1.25X miles per purchase.
If you’re new to the travel rewards game, this is a terrific place to start.
There’s also a little incentive of 20,000 miles when you spend $500 in the first three months after starting your account, which is worth $200 in travel.
|Capital One Venture||Capital One VentureOne|
|TPG May 2022 point valuation||1.85 cents||1.85 cents|
|Spending example||$500 x 12 months x 2X miles* $0.0185 = $222||$500 x 12 months x 1.25X miles x $0.0185 = $138.75|
|Rewards structure||Unlimited 2X miles on every purchase||Unlimited 1.25X miles on every purchase|
|Welcome bonus||75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel * $0.0185||20,000 bonus miles when you spend $500 in the first 3 months from account opening (worth $200 toward travel) * $0.0185|
|First-year value||$1514.50 (including the welcome offer)||$508.75 (including welcome offer)|
How to get a Capital One Credit Card
So you’ve decided to apply for a Capital One credit card. Here’s how to apply for and receive a CapitalOne card:
1. Determine your credit score. Each product has credit score criteria, just like any other card issuer. There are various cards to pick from if you have at least a decent credit score (580 and higher). Having good credit over 800, on the other hand, will offer you the pick of the bunch.
2. Consider prequalification. CapitalOne has a prequalification tool that allows you to check which of its credit cards you might be eligible for.
3. Complete the application. When you’ve decided on the finest CapitalOne card for you, go to the issuer’s website and begin the application process.
You must enter your name, date of birth, address, Social Security number, approximate income, and information about your checking or savings account.
4. Make your decision. You’ll know if you’ve been approved or declined for the credit card immediately. Capital One is required by law to issue you a letter stating why you were denied.
What Does Capital One Offer?
Capital One is a full-service online bank that provides:
- Savings accounts
- Checking accounts
- Credit cards
360 Performance Savings
Capital One 360’s high-yield savings account is called Performance Savings. It has an APR of 1.30 percent, which is more than many online banks but not the highest available. Regardless of your balance, interest is earned.
Performance Savings accounts come with:
- There are no minimum balance requirements
- There are no monthly costs.
Kids Savings Account
Capital One’s Kids Savings account is ideal for parents looking to start a savings account for their children.
This account is ideal for children of all ages because there are no monthly maintenance fees or minimum balance requirements. It has an annual percentage yield of 0.30 percent.
A Kids Savings account can be accessed by both parents and children as a custodial account, albeit transfers must be made through the parent’s account. When a child reaches the age of 18, the account is automatically transformed into a 360 Savings account.
|Capital One 360 Savings Accounts|
|Account Name||Min Opening Deposit||Monthly Fee||APY|
|360 Performance Savings||$0||$0||1.30%|
as of July 29, 2022
Capital One 360 also offers a tiered interest-bearing checking account, 360 Checking, with a 0.10 percent APY for all tiers.
- Free first chequebook
- No monthly maintenance fees
- No minimum balance requirements
- Capital One Mastercard® Debit
- Free use of over 70,000 Capital One and partner ATMs
Money Teen Checking
The bank’s other checking account is aimed at teens, however children as young as eight can open one. MONEY Teen Checking accounts allow you to use debit cards but not write checks. The account is accessible to both teens and parents. Account activity can also be tracked by parents via text alerts and email notifications.
When kids reach the age of 18, they can start a 360 Checking account and transfer funds from their MONEY account.
|Capital One 360 Checking Accounts|
|Account Name||Min Opening Deposit||Monthly Fee||APY|
|MONEY Teen Checking||$0||$0||0.10%|
as of July 29, 2022
CDs can be rented for periods ranging from six months to five years. Interest rates peak at 3.20 percent APY, which is competitive with the greatest CD rates available right now.
There is no requirement for a minimum deposit.
If you withdraw monies other than the interest earned before the end of your CD period, there is a penalty. CDs with durations of 12 months or less have a three-month interest penalty, whereas those with longer terms have a six-month interest penalty. Customers owning 360 CDs can choose whether interest is paid monthly or annually. The interest is moved to a different Capital One account or a linked bank account.
|Capital One 360 CD Rates|
as of July 29, 2022
Capital One credit cards include travel rewards cards, cash back cards, a student card, a secured card, and many business credit cards. Here are some of the available cards:
Travel Credit Cards
- Venture Rewards
- VentureOne Rewards
- Spark Miles
- Spark Miles Select
Cashback Credit Cards
- Quicksilver Rewards
- QuicksilverOne Rewards
- Savor Rewards
- SavorOne Rewards
Student Credit Card
- Journey Student Rewards
Secured Credit Card
- Secured Mastercard
Business Credit Cards
- Spark Cash
- Spark Miles
- Spark Cash Select
- Spark Miles Select
- Spark Classic
Other Financial Products Offered by Capital One
Capital One offers a wide range of different accounts and services in addition to personal banking products, such as:
- Auto loans
- Accounts and services for businesses
- Commercial banking services
Capital One Bank Customer Service
Customer service is provided in a number of ways, including:
- Phone (1-877-383-4802)
- Twitter account @AskCapitalOne
Customers can also access their accounts via a mobile banking app, which provides mobile deposit and bill pay capabilities, as well as access to your credit score and a card locking option.
The app now has a 4.9 out of five rating on the App Store and a 4.7 rating on Google Play.
How to Bank With Capital One
Capital One bank accounts can be opened online at CapitalOne.com.
Customers have the option of using an existing Capital One login or creating a new one. Personal information such as:
- Date of birth
- Mailing address
- Email address
- Phone number
- Employment and salary information
- Social Security number
Capital One Login
Here’s a quick rundown of what you’ll find in this Capital One login guide:
How To Log In to Your Capital One Bank Account From a Computer
On the CapitalOne homepage, in the upper right corner, there is a link to sign in to your account. Enter your username and password in the appropriate fields.
You can also select “Remember Me” to make it easier to log in the next time. However, if you’re utilising a public or shared computer,
However, if you’re using a shared computer or public Wi-Fi, don’t save your login credentials because it could expose your personal information.
How To Log In to Your Capital One Bank Account From a Mobile Phone or Tablet
Having your banking information at your fingertips may enable you to be more proactive in managing your finances. If you have a Capital One account, this is a simple process. You may easily download the app to both Apple and Android devices.
You’ll be requested to log in once you’ve downloaded and opened the app. After logging in, you’ll be able to deposit checks, set up automated bill pay, and view a history of transactions at any time.
Capital One Bank Locations Near Me
You may simply find the Capital One bank closest to you by using Google Maps or the CapitalOne website’s branch location feature.
To begin, enter a zip code, an address, a city, or a state.
If you perform your search on CapitalOne’s website, you can sort your results by branch, ATM, and the services you require.
You can also narrow your CapitalOne search by ATM-only, branch-only, or CapitalOne Café locations.
CapitalOne Cafés are real cafes with bank ambassadors that can help you with your account.
Is there a Capital One app?
Individuals and businesses can use Capital One for retail banking services such as checking, savings, credit cards, mortgages, and loans.
Account balances and transactions can be viewed by clients using internet banking and mobile banking apps for iPhone, iPad, and Android devices.
Is the Capital One App Free?
There are no minimums, fees, or concerns.
With our top-rated mobile app, you can bank and access your money practically anywhere.
So that your money remains where it belongs—with you
Does Capital One offer loans?
Capital One currently does not provide unsecured personal loans.
Other lenders, such as banks, credit unions, and online lenders, can provide you with a personal loan.
How can I pay my Capital One auto loan?
Call 1-800-946-0332 to make a one-time payment or to set up a recurring payment plan.
Mail a cashier’s check, money order, or personal check to Capital One Auto Finance, P.O. Box 60511, City of Industry, CA 91716, along with the payment coupon on your monthly statement.
Does Capital One 360 have a minimum balance?
360 Checking allows you to manage your money quickly and effortlessly, whether online, in person, or via our mobile app.
All with no required minimum amount and no monthly fees.
Is it hard to get approved for a Capital One credit card?
Most of CapitalOne’s finest credit cards require good credit, so getting approved isn’t difficult.
If your credit isn’t fair, good, very good, or excellent, you might be able to obtain a secured credit card or one of CapitalOne’s student credit cards accepted.
Is Capital One a real bank?
CapitalOne is a full-service bank with affordable rates and no-fee accounts to meet the majority of banking needs. While it does have branches and Capital One Cafés in select places (which are currently being reopened), Capital One is mostly an online bank.
Is Capital One owned by Wells Fargo?
Signet Financial Corp (now part of Wells Fargo) announced the corporate spin-off of its credit card division, OakStone Financial, on July 21, 1994, designating Richard Fairbank as CEO.
In October 1994, Signet rebranded its subsidiary Capital One, and the spin-off was finalized in February 1995.
CapitalOne is an excellent banking alternative for people who like to do the majority of their banking online.
There are enough account options to satisfy a wide spectrum of individuals. With few local offices, most banking is done online or through Capital One’s mobile app.
If you enjoy visiting your local branch for in-person banking services, this is not the bank for you.
While CapitalOne does not have the highest interest rates when compared to other banks, its rates are consistently high.