Best Capital One Credit Cards for August 2022


Editorial Picks for the Best Capital One Credit Cards

Capital One Quicksilver Cash Rewards Credit Card

Better overall, better for cash back

The Capital One Quicksilver Cash Rewards Credit Card is our pick for best overall and best for cashback with its 1.5% unlimited cashback earnings with no annual fee. New customers can earn a $200 welcome bonus after spending just $500 in three months.

Capital One SavorOne Cash Rewards Credit Card

Ideal for eating

Foodies will love our pick for the best dining credit card from Capital One. The Capital One SavorOne Cash Rewards Credit Card Earn 3% Unlimited on Restaurant Entertainment, Streaming and Meals at Home Groceries.

Capital One Venture Rewards Credit Card

Ideal for travel

The Capital One Venture Rewards Card earn unlimited 2 miles per dollar on every purchase, plus 5 miles per dollar on hotels and rental cars booked through Capital One Travel. Miles can be used to book travel, “clear” previous travel purchases, or transfer to partner airlines and hotels.

Capital One QuicksilverOne Cash Rewards Credit Card

Ideal for fair credit

Our pick for the best credit card for fair credit is the Capital One QuicksilverOne Cash Rewards Credit Card as it pays unlimited 1.5% cashback with reasonable annual fees. It includes free tools to monitor your credit, and Capital One will automatically review your account (in as little as six months) for a higher limit.

Capital One Journey Student Rewards

Ideal for students

The best Capital One credit card for students is the Capital One Journey Student Rewards. Earn 1% cash back on all your purchases. Pay on time to increase your cash back to a total of 1.25% for that month. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of travel options (conditions apply).

Capital One Platinum Secure

Ideal for bad credit or no credit

For people with bad credit or no credit, the Capital One Platinum Secure is Capital One’s best card. It offers a minimum credit limit of $200, a refundable security deposit as low as $49, and the account is automatically reviewed for line of credit increases.


How the Capital One Rewards Program Works

Capital One credit card rewards are based on generic travel miles that can be used to book travel on any airline or with any hotel or a percentage of cash back you can earn on every dollar of purchase. The amount or percentage of rewards earned per dollar varies by card.

Finding the right card can come down to how you want to receive your rewards, either in the form of immediate cash back or in a currency of miles that can be used to pay for future travel. It’s also important to assess how much you’re spending on credit cards, where you’re spending, and whether you’re willing to pay annual fees in exchange for improved income opportunities.

Capital One Cash Back Cards

These cards allow you to earn money with your daily purchases and, in some cases, with bonus category spending, which can be redeemed for checks or statement credits for any amount earned (there is no minimum exchange thresholds):

  • Capital One QuicksilverOne Rewards Credit Card
  • Capital One Quicksilver Rewards for a Good Credit Card
  • Capital One Quicksilver Rewards Credit Card
  • Capital One Quicksilver Rewards for Students
  • Capital One Savor Rewards Credit Card Credit Card
  • Capital One SavorOne Rewards Credit Card
  • Capital One SavorOne Rewards for a Good Credit Card
  • Capital One SavorOne Rewards for Students
  • Capital One Walmart Rewards MasterCard
  • Capital One Quicksilver Secure Rewards
  • Capital One Journey Student Rewards
  • Capital One Spark 2% Cash for Business Credit Card
  • Capital One Spark 1.5% Cash Select for Business Credit Card
  • Capital One Spark 1% Classic for Business Credit Card

Capital One Travel Rewards Cards

These Capital One cards offer various opportunities for lump sum earnings and bonuses:

  • Capital One Venture Rewards Credit Card
  • Capital One VentureOne Rewards Credit Card
  • Capital One Venture X Rewards Credit Card
  • Capital One Spark 2X Miles for business credit card
  • Capital One Spark 1.5X Miles Select for Corporate Credit Card

Capital One travel rewards cards earn “miles,” which are not tied to any particular airline. Each mile has a penny value when redeemed for travel expenses.

Redemption can be in the form of a travel reservation through Capital One’s Rewards Center or can be used retroactively to offset travel expenses already incurred through Capital One’s Purchase Eraser feature. The only caveat to using Purchase Eraser to offset travel expenses is that it must be done within 90 days of the original purchase.

Other redemption options include statement credits or Amazon purchases, although the redemption value of each mile is considerably less than redeeming for one trip.

What is the history of Capital One?

Capital One began as the credit card division of Signet, a regional bank in the mid-Atlantic region of the United States that was spun off into an independent organization in 1994. It was one of the first “monoline” banks, as they were called because they only had one product line: credit cards. Other monoline banks at the time included MBNA and First USA, now owned by Bank of America and Chase, respectively.

Capital One is the last of these types of independent card issuers, although they have since expanded to offer other banking products, including consumer loans and deposit accounts, delivered online and through a network national banking institutions, including Capital One Cafes. Capital One is the country’s tenth-largest bank by assets.

Is a Capital One credit card right for me?

Capital One offers a variety of credit cards with attractive rewards and benefits, valuable APR introductory offers, and low or no annual fees. Each type of customer should be able to find a card that meets their needs. With a portfolio of over 20 credit cards, Capital One offers many cards as your needs change, so you don’t have to switch banks.

What are the Capital One credit card credit score requirements?

Capital One offers a variety of credit cards suited to the credit of every type of customer. Whether you’re just starting out, rebuilding your credit, or have a great score, Capital One has at least one credit card to meet your needs.

What benefits do Capital One credit cards offer?

Each Capital One credit card offers unique benefits depending on the type of card it is and the annual fee it charges. However, each Capital One credit card also offers basic benefits to all its customers. Here are some of the benefits you can enjoy no matter which card you choose:

  • No foreign transaction fees
  • Instantly lock your card via the Capital One mobile app
  • $0 liability for unauthorized purchases
  • Eno virtual card numbers
  • Unlimited access to your credit score via Capital One’s CreditWise

What are Capital One credit card interest rates?

Capital One credit cards have different interest rates depending on the card you choose. While some have one interest rate for all customers, others have a range of interest rates depending on your creditworthiness. In all cases, interest rates are variable and may change depending on the prime rate.

How many Capital One credit cards can you get?

Customers are permitted to have two Capital One consumer credit cards open at the same time. However, there are exceptions to this rule:

  • Customers with multiple accounts before this rule took effect
  • Bank cards acquired
  • Co-branded and retail credit cards issued by Capital One, such as the Walmart Rewards card
  • Secured credit cards
  • Business credit cards

Which transfer partners does Capital One offer?

A valuable feature of Capital One’s travel rewards cards is that they transfer to 17 airline and hotel loyalty programs. Depending on how you redeem rewards with these partners, it is possible to receive a much higher value from your Capital One Miles.

The transfer partners are listed below:

  • Accor
  • Aeromexico
  • Air France/KLM
  • Air Canada
  • Asia Miles
  • Avianca
  • British Airways
  • Choice Hotels
  • Emirates
  • Etihad Airways
  • Eva air
  • Finnair
  • Qantas
  • Airlines to Singapore
  • TAP AirPortugal
  • Turkish Airlines
  • Virgin Red

Transfer rates vary between Capital One travel partners. In any case, you cannot receive one partner mile per principal mile that you transfer.

What are Capital One fees like?

Capital One offers a number of cards with no annual fee. Card interest rates, although based on creditworthiness, are generally considered reasonable compared to products from other issuers in the market. A notable feature is that Capital One is waiving foreign transaction fees on all of its cards, which is a very consumer-friendly policy.

What is Capital One’s customer service rate?

Capital One ranked third out of 11 domestic card issuers and scored above average in the JD Power 2021 US Credit Card Satisfaction Study. Service may reflect a call to resolve statement issues, notification to Capital One of major purchases or travel, or redemption of points.

Can you get a Capital One card with bad credit?

Capital One offers a secure credit card option for those with bad credit or no credit history. Secured cards require that a security deposit be placed with the issuer in exchange for a credit limit of the same or sometimes greater amount.


Methodology

When selecting the best credit cards from Capital One, we analyzed the features, benefits, rewards, fees, and interest rates of each of its cards. Each data point was assigned a star rating, and each card’s ratings were compared to those of competing cards to determine which was best for each type of customer. This list represents the highest rated cards based on the goals of these customer profiles. We continuously monitor Capital One credit cards so that we can update our ratings and rankings as card data changes.