By Eric Bank
Capital One is a large issuer of credit cards that work well for consumers with excellent to average credit. The company is a Fortune 500 diversified bank offering many financial products and services to businesses and consumers. In terms of deposits, Capital One is among the 10 largest banks in the U.S. The bank has branches primarily in New York, New Jersey, the District of Columbia, Maryland, Louisiana and Virginia.
Capital One offers a number of credit cards with good terms and valuable benefits. Generally, their cards provide 24/7 customer service, online banking access, fast payment times, tablet and mobile apps, and account alerts. Here is a detailed list of the services you’ll receive when you own a Capital One credit card:
Access to online banking, allowing you to quickly and easily manage your bank account anytime.
Tablet and mobile apps, such as Capital One Wallet, enabling you to manage your account from just about any mobile device. Wallet provides receipt capture, instant purchase notification, purchase details and digitized gift cards.
Real human beings providing 24/7 customer service.
Automatic alerts (text or emails) to keep you informed about your account, as well as around-the clock security monitoring to alert you if unexpected account activity is spotted.
Interactive alerts and fraud coverage lets you know in real time (via phone, email or text) if someone tries to use your card fraudulently. You are completely covered against liability arising from fraud.
There are no foreign transaction charges.
You receive automatic rental and travel insurance.
Capital One Credit Tracker, a versatile app that provides you with your credit score, as well as what-if simulations and other features.
The Second Look Program that notifies you of duplicate or unusual charges.
Digitally enhanced transaction data to help you keep tabs on all of your account activity.
An extended warranty on purchases.
These three cards are well-suited for consumers with good-to excellent credit:
1. Venture: You earn unlimited double miles per dollar on every purchase. In addition, earn 40,000 bonus miles after you spend $3,000 on purchases within the first three months.
Purchases: 13.24%-23.24% variable APR
Transfers: 13.24%-23.24% variable APR; no transfer fee
Annual Fee: $0 intro annual fee for the first year, $59 after that
2. Quicksilver Rewards: You earn unlimited 1.5% cash back on every purchase. In addition, earn a one-time $100 bonus after you spend $500 on purchases within the first three months.
Purchases: 0% intro APR until September 2016; 13.24%-23.24% variable APR after that
Transfers: 0% intro APR until September 2016; 13.24%-23.24% variable APR after that; 3% fee on the amount transferred until September 2016
Annual Fee: $0
3. VentureOne Rewards: You earn unlimited 1.25 miles per dollar on every purchase. In addition, you earn 20,000 bonus miles after you spend $1,000 on purchases within the first three months.
Purchases: 0% intro APR until December 2016; 12.24%-22.24% variable APR after that
Transfers: 12.24%-22.24% variable APR; No Transfer Fee
Annual Fee: $0
In addition, Capital One offers related cards – Platinum, QuicksilverOne Rewards and Journey Student Rewards – at somewhat higher interest rates for consumers with average credit ratings.
To sum up, Capital One offers reasonable benefits and rates. It is a fine choice for consumers with good credit.