[DISCLOSURE: Cards from our partners are mentioned below.]
For many consumers, keeping tabs on their budget is a high priority. If that’s the case for you, whatever financial venture you’ve got planned — whether hitting the mall or taking a trip — chances are you’ll want to save while you’re at it, and a helpful way to do that is by picking a great credit card that can throw you a lifeline. Capital One offers several to choose from, but you don’t want to get in over your head (read: debt) or lose your hard-earned rewards to high interest.
How to Get a Capital One Credit Card
Before you sign up for any credit card, it’s important to know just what’s out there. And for Capital One, that’s a lot. The company’s offerings range from cards offering cash back rewards to travel rewards, and that’s only the tip of the iceberg.
If traveling isn’t your thing but you like to make everyday purchases, a cash back credit card may be the best fit. With these cards, you can receive a percentage of cash back on spending in eligible categories, such as gas, restaurants and retail. But higher interest may also apply, so carrying a balance isn’t ideal.
Travel rewards cards are often better suited to those who are frequently on the go. With these cards, you can get perks like airline miles, hotel rewards, and free checked bags — basically everything busy travelers would want. Just remember to swipe wisely; you don’t want to lose those budget cutters to interest charges. Travel rewards cards tend to carry high interest rates as well, so if your credit is poor, it’s a good idea to work on improving it before you apply. After all, you don’t want to damage your credit scores further with a hard inquiry.
Now, that you’ve got a better understanding of the card categories, read on — we’ve broken down the best Capital One cards on the market right now, based on perks and overall terms.
Why We Picked It: Everyday shoppers will love it — Quicksilver cardholders get an unlimited 1.5% cash back on every purchase. There’s no cap on how much you can earn, and no rotating categories. The card also offers a 0% intro on purchases for 15 months.
Rewards Details: When you earn the 1.5% cash back, rewards don’t expire for the life of the account and can be redeemed for any amount, any time. A one-time signup bonus of $150 is also available, if you spend $500 on the card within the first three months of the account opening.
Annual Fee: $0
APR: This card offers a promotional rate of 0% intro on purchases for 15 months. After that the rate goes up to 16.24% - 26.24% (Variable) APR, depending on creditworthiness.
Why We Picked It: Perfect for travelers, this card offers 2X miles for every dollar you spend, plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture.
Rewards Details: Rewards won’t expire during the life of the account, and there’s no limit to how much you can earn. Even better, you’ll earn two miles per dollar. A one-time signup bonus of 50,000 miles — equivalent to $500 in travel through the Venture Rewards Center — is up for grabs once you spend $3,000 within the first three months of account opening.
Annual Fee: $0 intro for first year; $95 after that.
APR: 17.99% - 25.24% (Variable)
Rewards Details: Journey offers 1% cash back on all purchases, and if you pay your balance on time, you could earn even more. Capital One promises 1.25% cash back the same month you’re paying on time. For those considering a study abroad program, it’s good to know that the Journey card carries no foreign transaction fees.
Annual Fee: $0
APR: 26.96% (Variable)
Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.
At publishing time, the Capital One Quicksilver Rewards, Capital One Venture Rewards and Capital One Journey Student credit cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment.
This article last updated January 4, 2019.