2 Capital One cashback cards: Business 2%, Personal 1.5% [Card names change]
#1
Original Poster
Join Date: May 2011
Location: ORD
Programs: AA LTG, Marriott LTP. 50% Delta LTS, Working on Hyatt LTD
Posts: 676
2 Capital One cashback cards: Business 2%, Personal 1.5% [Card names change]
http://www.capitalone.com/smallbusin...-cash-premier/
Stumbled on this last night;
2% cash on anything, no FX, $59 fee (free first year).
Beats Venture, beats Plum, beats anything I've seen. Am I missing anything?
I'm concerned because I haven't heard anything about it anywhere online - people are always pushing the Venture or Plum or something? Want to take the plunge but worried I'm missing something?
Stumbled on this last night;
2% cash on anything, no FX, $59 fee (free first year).
Beats Venture, beats Plum, beats anything I've seen. Am I missing anything?
I'm concerned because I haven't heard anything about it anywhere online - people are always pushing the Venture or Plum or something? Want to take the plunge but worried I'm missing something?
#2
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,959
You haven't heard of it because it is a very new product. If you search for references to this card all of the articles are dated 18 August 2011 or later, and that is date of Capital One's press release:
http://phx.corporate-ir.net/phoenix....cle&id=1597863
.
http://phx.corporate-ir.net/phoenix....cle&id=1597863
.
Last edited by mia; Aug 29, 2011 at 10:38 am
#4
Join Date: Apr 2005
Location: ATL
Posts: 802
New Capital One 1.5% cash back Master Card
1% cash back plus yearly 50% cash back bonus
www.capitalonecash.com
www.capitalonecash.com
#6
Join Date: Jan 2010
Programs: AA BA CO DL UA US
Posts: 815
Just to warn you, the last time I applied for a Capital One credit card for the Venture Card 100k match, I got hit on 3 credit bureaus. All other credit cards I have ever applied only hit me on one credit bureau. I don't know what other people's experience with Capital One, but your changes of opening other cards will be likely diminished if your experience is like mine.
#7
Join Date: Oct 2007
Location: USA
Programs: UA (1K, 2MM), AA, Avis, National
Posts: 867
1% cash back plus yearly 50% cash back bonus
www.capitalonecash.com
www.capitalonecash.com
The Capital One card may be a better choice for those who mostly use high-reward AMEX cards and need a backup when AMEX is not accepted and also travel internationally.
#8
Join Date: Apr 2005
Location: ATL
Posts: 802
This card looks similar to Fidelity Visa Signature, which gives 1.5% cashback. The Capital One card has no foreign transaction fees while the Fidelity card increases cashback to 2% after 15,000 spend.
The Capital One card may be a better choice for those who mostly use high-reward AMEX cards and need a backup when AMEX is not accepted and also travel internationally.
The Capital One card may be a better choice for those who mostly use high-reward AMEX cards and need a backup when AMEX is not accepted and also travel internationally.
#9
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,959
Moderator action
Discussion of the risks associated with using a Business card (such as Business No Hassle Cash Premier) has been extracted to a separate thread:
http://www.flyertalk.com/forum/credi...nal-cards.html
http://www.flyertalk.com/forum/credi...nal-cards.html
#10
Join Date: Aug 2010
Location: West Africa
Programs: Flying Blue, Mileage Plus
Posts: 204
As an effective 1.5% card, this thing blows Venture and VentureOne out of the water. To make the Venture annual fee worth it, one would have to spend over $11800 per year on the card to match the cash back of the new Cash card.
With no foreign transaction fees, the Cash might just push my VentureOne right out of my wallet for overseas purchases. Anyone know if CapOne will convert products (I have done this with Chase numerous times), or do they typically require reapplying?
With no foreign transaction fees, the Cash might just push my VentureOne right out of my wallet for overseas purchases. Anyone know if CapOne will convert products (I have done this with Chase numerous times), or do they typically require reapplying?
#11
Join Date: Jun 1999
Location: NYC/LA
Programs: DL Plat, AA Plat Pro, Marriott Titanium, IHG Diamond Amb
Posts: 7,489
I have the Venture card and called to see if they would convert it to the new Cash card-- unfortunately I was told that they could not do a conversion and that I'd have to apply for the new card.
#12
Original Poster
Join Date: May 2011
Location: ORD
Programs: AA LTG, Marriott LTP. 50% Delta LTS, Working on Hyatt LTD
Posts: 676
Applied for the no hassles card; they told me to F off - probably because I applied for 13 other cards that day
But my wife got it and I'm an AU. Game the system!
But my wife got it and I'm an AU. Game the system!
#13
Join Date: Oct 2007
Location: L.A.
Programs: WN A-list & CP, Delta GM
Posts: 448
Just to warn you, the last time I applied for a Capital One credit card for the Venture Card 100k match, I got hit on 3 credit bureaus. All other credit cards I have ever applied only hit me on one credit bureau. I don't know what other people's experience with Capital One, but your changes of opening other cards will be likely diminished if your experience is like mine.
#14
Join Date: Aug 2011
Location: SF Bay Area, CA
Programs: AMEX Platinum, HHonors Gold
Posts: 203
As an effective 1.5% card, this thing blows Venture and VentureOne out of the water. To make the Venture annual fee worth it, one would have to spend over $11800 per year on the card to match the cash back of the new Cash card.
With no foreign transaction fees, the Cash might just push my VentureOne right out of my wallet for overseas purchases. Anyone know if CapOne will convert products (I have done this with Chase numerous times), or do they typically require reapplying?
With no foreign transaction fees, the Cash might just push my VentureOne right out of my wallet for overseas purchases. Anyone know if CapOne will convert products (I have done this with Chase numerous times), or do they typically require reapplying?
This will definitely be my go-to card for 'everything else' transactions where AMEX is not accepted and while I travel abroad so long as they keep it 1.5% cash back.
1.5% cash back is hard to beat unless you want to go the Fidelity route, which requires you to open up a Fidelity retirement money market, etc.
My other cards:
My default card is the AMEX Blue Cash (old program) gives 5% CB on Grocery, Drugstore and gas after $6,500. in spending and 1.25% on everything else. I like this card for the great customer service and the 1.25% CB. Another alternative is the new Blue Cash Everyday card which is also good but only 1% CB on everything else (3% on grocery, gas and department stores).
For gas I use the PenFed Visa 5% CB until I reach the $6,500. in the above card, then I switch to that one for gas.
Airline flights - PenFed Amex 5x points towards airline travel along with 20,000 points initially after signup, also no foreign transaction fees on this card.
Amazon.com purchases - Chase Amazon card - 3% CB.
The best part? None of these cards have any annual fee!
Last edited by Mediahound; Sep 5, 2011 at 6:32 pm
#15
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,959