Capital One is a popular choice for credit cards and consumer banking. They have good customer service, lucrative rewards and a huge selection of great products. But what is the best Capital One credit card? The answer depends on what you’re looking for!
As one of the largest banks in America, Capital One has a vast portfolio of credit card offerings. Thus, to find the best Capital One card for you, it’s important to consider what you’re looking for – and how good your credit is.
For this Capital One card comparison, we’ve broken things down into sections. Hopefully this helps you make an informed decision on what the best Capital One credit card is for you!
Best Capital One Card for Travel: Venture
Annual Fee: $95, but waived the first year
Credit Level: Excellent
Signup Bonus: 50,000 miles after spending $3,000 in 3 months (worth $500 towards travel)
Rewards: 2x miles per $1 spent on all purchases (equivalent to 2% back in travel credit). 10x miles at Hotels.com
The Capital One Venture card is a favorite of frequent travelers. It features a generous signup bonus and a good daily earning rate. Reward miles are very easy to use – you simply redeem them against travel purchases on your card to lower the charge.
With that said, there is a $95 annual fee ($ 0 for the first year) and you’ll need very good credit to be approved for this card. If you can get it, though, it’s among the best Capital One cards available – and it easily stacks up with some of the best travel rewards cards on the market.
Best Capital One Credit Card for Cashback: Savor
Annual Fee: $ 0
Credit Level: Excellent
Signup Bonus: $150 after spending $500 within 3 months
Rewards: 3% cashback on dining, 2% on groceries and 1% on everything else
The Capital One Savor card is fairly new, but we consider it to be the best Capital One credit card for cashback purposes. It has an interesting earning rate that is great for people who dine out a lot.
A lot of people will recommend the Quicksilver, which earns a flat 1.5% cashback on everything (there are good no annual fee cards that earn 2% back, though). The best option for you depends on your spending habits. We compared the Savor and Quicksilver in detail here.
Best Capital One Card for Low Credit: QuicksilverOne
Annual Fee: $39
Credit Level: Average
Signup Bonus: None
Rewards: 1.5% cashback on all purchases
The Capital One QuicksilverOne is designed for people with average/low credit. Thus, it’s easier to get approved for than some of the premium cards. And it still earns a solid 1.5% cashback, although there is a $39 annual fee.
This is the best Capital One credit card for low credit – unless you are a student, in which case the Journey Student card may be a better choice, as it has no annual fee.
Best Capital One Credit Card for No Credit: Secured Mastercard
Annual Fee: $ 0 (requires a refundable deposit of $49-$200, depending on credit)
Credit Level: Rebuilding/low/limited
Signup Bonus: None
Rewards: None
The best Capital One card for no credit is the Secured Platinum Mastercard. The card is designed for people with limited credit history, or with bad marks on their credit. It’s easy to get approved for, but the catch is that it requires a (refundable) cash deposit. There are some unsecured cards for bad credit, but they usually have more fees than this Capital One card.
Basically, when you apply Capital One will pull your credit and determine your creditworthiness. If you are approved, you will be asked to make a deposit from your bank account – either $49, $99 or $200, depending on your credit score. That will get you an initial credit line of $200, which can be raised after you make your fist 5 monthly payments on time. Your deposit will be refunded if you ever close the card. For more info, check out this guide that explains how to rebuild credit using a secured credit card.
What is YOUR favorite Capital One credit card? Let us know in the comments!
FAQ
How do I make a payment on my Capital One credit card?
To set up AutoPay:Sign in to Capital One.From within your 360 Checking account, select Pay Bills.Locate vendor name and follow the steps there to set up a recurring payment from your new Capital One checking account.When a Company or Person has been chosen for payment you can then select Set Up AutoPay.More items...
What's Better Capital One or credit one?
Although they sound alike, make no mistake that Capital One and Credit One offer very dissimilar credit cards. Capital One is a dominant issuer and suits folks with excellent, good, or average credit. Credit One is a smaller financial institution geared toward consumers with bad or no credit.
How do I view my Capital One statement?
Under "Statements" you'll see a list of your most recent statements. They are organized by date. Click on the one you'd like to download. According to Capital One, you can download any of the statements to Quicken (QFX and QIF formats), QuickBooks and most spreadsheet programs.
What Capital One card do I qualify for?
Capital One Credit Cards for Good Credit Scores (700+ FICO) Although the definition of “good” credit can vary by scoring model and lender, if your credit score is above 700, you'll likely qualify for most products for consumers with good credit, including many of Capital One's most popular credit cards.
Capital One has some of the best credit cards on the market but recently reduced my credit line by 10k!! Has anyone else has their credit line cut?
Scott – Mine was reduced a few months ago as well… I called them and the rep said it was a system error… maybe the same for you?
Going to apply for the Savor card… loving the 3% cashback on dining and 2% on groceries.. me and the old lady are big foodies!