Go Back   > > >
 
Thread Tools Search this Thread
Old Aug 29, 11, 7:08 am   #1
Original Poster
  
Join Date: May 2011
Location: TAS - somewhere I can't use my FF status and points very well.
Programs: AA PLT & LTG, DL DIA & LTS, Marriott PLT & LTG
Posts: 674
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?
2tall4economy is offline   Reply With Quote
Old Aug 29, 11, 7:48 am   #2
mia
FlyerTalk Evangelist, Moderator: American Express, Citi, Diners Club, Signatures
  
Join Date: Jun 2003
Location: Miami & London
Programs: AA 2MM Perpetual Platinum; VS, HH & SPG Gold
Posts: 32,190
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




.

Last edited by mia; Aug 29, 11 at 10:38 am
mia is online now   Reply With Quote
Old Aug 29, 11, 12:42 pm   #3
  
Join Date: Mar 2010
Location: mountains of western NC
Programs: Life, Love and Laughter
Posts: 6,952
Sounds like a good card to me. Thanks for posting.
My only concern is will they give this card to individuals with sole proprietorships?
onthego15 is offline   Reply With Quote
Old Aug 30, 11, 4:13 am   #4
  
Join Date: Apr 2005
Location: ATL
Posts: 669
New Capital One 1.5% cash back Master Card

1% cash back plus yearly 50% cash back bonus
www.capitalonecash.com
bigbuy is offline   Reply With Quote
Old Aug 30, 11, 6:56 am   #5
mia
FlyerTalk Evangelist, Moderator: American Express, Citi, Diners Club, Signatures
  
Join Date: Jun 2003
Location: Miami & London
Programs: AA 2MM Perpetual Platinum; VS, HH & SPG Gold
Posts: 32,190
Moderator action

Combined discussion of two new Capital One cash back rewards cards.
mia is online now   Reply With Quote
Old Aug 31, 11, 10:36 am   #6
  
Join Date: Jan 2010
Programs: AA BA CO DL UA US
Posts: 564
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.
opus2002 is offline   Reply With Quote
Old Aug 31, 11, 12:05 pm   #7
  
Join Date: Oct 2007
Location: USA
Programs: UA (1K, MM), AA
Posts: 718
Quote:
Originally Posted by bigbuy View Post
1% cash back plus yearly 50% cash back bonus
www.capitalonecash.com
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.
FreFly is offline   Reply With Quote
Old Aug 31, 11, 1:28 pm   #8
  
Join Date: Apr 2005
Location: ATL
Posts: 669
Quote:
Originally Posted by FreFly View Post
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.
Since the Schwab Visa 2% cash back is apparently history, then I totally agree with your take on this.
bigbuy is offline   Reply With Quote
Old Sep 1, 11, 8:17 am   #9
mia
FlyerTalk Evangelist, Moderator: American Express, Citi, Diners Club, Signatures
  
Join Date: Jun 2003
Location: Miami & London
Programs: AA 2MM Perpetual Platinum; VS, HH & SPG Gold
Posts: 32,190
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
mia is online now   Reply With Quote
Old Sep 1, 11, 8:11 pm   #10
  
Join Date: Aug 2010
Location: Vietnam
Programs: Mileage Plus Silver, Hyatt Platinum
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?
chelmkamp is offline   Reply With Quote
Old Sep 2, 11, 8:55 am   #11
dw
  
Join Date: Jun 1999
Location: New York, NY
Programs: AA Plat, IHG Spire Amb, Kimpton IC, Hilton Diamond, Marriott/SPG Gold
Posts: 4,019
Quote:
Originally Posted by chelmkamp View Post
Anyone know if CapOne will convert products (I have done this with Chase numerous times), or do they typically require reapplying?
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.
dw is offline   Reply With Quote
Old Sep 2, 11, 12:01 pm   #12
Original Poster
  
Join Date: May 2011
Location: TAS - somewhere I can't use my FF status and points very well.
Programs: AA PLT & LTG, DL DIA & LTS, Marriott PLT & LTG
Posts: 674
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!
2tall4economy is offline   Reply With Quote
Old Sep 5, 11, 3:29 pm   #13
  
Join Date: Oct 2007
Location: L.A.
Programs: WN A-list & CP, Delta GM
Posts: 448
Quote:
Originally Posted by opus2002 View Post
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.
I believe this is their normal practice.
leonard016 is offline   Reply With Quote
Old Sep 5, 11, 3:33 pm   #14
  
Join Date: Aug 2011
Location: SF Bay Area, CA
Programs: AMEX Platinum, HHonors Gold
Posts: 121
Quote:
Originally Posted by chelmkamp View Post
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?
I agree. I'm applying for it but am a bit leary that they may later decide to get rid of the extra 50% annual cash back at some point. That would make it just a 1% cash back card, which is just 'standard' these days.

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, 11 at 6:32 pm
Mediahound is offline   Reply With Quote
Old Sep 6, 11, 7:24 am   #15
mia
FlyerTalk Evangelist, Moderator: American Express, Citi, Diners Club, Signatures
  
Join Date: Jun 2003
Location: Miami & London
Programs: AA 2MM Perpetual Platinum; VS, HH & SPG Gold
Posts: 32,190
Quote:
Originally Posted by Mediahound View Post
My default card is the AMEX Blue Cash (old program) gives 5% CB on Grocery, Drugstore and gas after $6,500.... None of these cards have any annual fee!
The $6,500 threshold is effectively a hidden annual fee. because you are earning a reduced rebate on that spending.
mia is online now   Reply With Quote
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Thread Tools
Search Thread
Go to Top
Forum Jump
Contact Us - FlyerTalk - Archive - Top