Credit Cards With No Annual Fee
There are lots of good credit cards offering rewards and perks that donât come with an annual fee.
âNo annual feeâ doesnât mean your card is free. It just means you wonât be charged a fixed annual membership fee simply for having the card. You could still pay other fees, as well as interest and finance charges, depending on how you use the card.
Who Should Skip A Capital One Credit Card
- The road warrior. If you spend a ton of time behind the wheel and know that filling up on gas is far and away your biggest expense, you should get rewarded for it. Although Capital One can get you consistent cash back across all purchases, gas cards can provide better rates at the pump.
- The debt solver. Consumers looking to pay down outstanding credit card balances by transferring to a card with a low- or no-interest introductory period should look to top balance transfer cards. Capital One doesnt specialize in balance transfer offers, and their ongoing APR rates mean you could pay high interest expenses if you carry a balance.
- The luxury traveler. While Capital One has great travel options, someone looking for access to airport lounges, free checked bags and other high-end perks will have to look to premium travel cards for their ticket in.
Capital One Quicksilverone Cash Rewards Credit Card
Our pick for: Fair credit + rewards
This card for people with fair or “average” credit pays the same cash-back rate as the regular Quicksilver card, which targets people with excellent credit. The key difference is that this version charges an annual fee while the regular one does not. Read our review.
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Capital One Savorone Cash Rewards Credit Card And Capital One Quicksilver Cash Rewards Credit Card
In order to maximize the value of pairing these two cards, its best to use the SavorOne for all dining, entertainment and grocery store purchases, then the Quicksilver for everything else. Try not to use the SavorOnes 1 percent category, seeing as you could use the Quicksilver and earn an extra .5 percent cash back.
If youre interested in paying off big purchases without interest, use the Quicksilver to do so. Youll get a 15-month introductory 0 percent APR on purchases .
Lets take a look at first-year spending example for the two cards:
|$200 cash bonus when you spend $500 within your first 3 months of card membership.||$200 cash bonus when you spend $500 within your first three months of account opening.|
How To File A Capital One Travel Insurance Claim
Filing your insurance claim differs slightly depending on which coverage you need to file.
In the event of a loss, you or your beneficiary should contact the claim administrator for a claim form. Contact information is available in your cards guide to benefits.
You or your beneficiary will then complete the claim form. If the claim administrator deems the loss eligible, it will distribute the benefit to you or your beneficiary. A beneficiary is the person or entity of your choice who will receive an insurance benefit in the event of your death.
Travel accident insurance
Auto rental collision damage
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Is Capital One Car Rental Insurance Primary Or Secondary
Where you rent your vehicle determines whether your Capital One collision damage waiver offers primary or secondary coverage.
- Coverage is secondary when you rent in your country of residence. This means your Capital One policy covers only what your primary auto insurance or other form of coverage doesnt.
- Coverage is primary when you rent outside your country of residence. This means you can make a claim through your Capital One policy first.
Your coverage is also affected by whether you have personal auto insurance.
- If you have personal auto insurance: Your Capital One policy covers your deductible. It also pays out for unreimbursed administrative, loss-of-use and reasonable towing charges.
- If you dont have personal auto insurance: Your Capital One policy reimburses you for eligible costs resulting from theft or damage. It also pays out for administrative, loss-of-use and towing charges.
Best Capital One Card For Bad Credit Card
Who’s this for? Prospective cardholders with bad credit may find it difficult to open a traditional, unsecured credit card. However, there’s often the opportunity to qualify for a secured card, such as the Secured Mastercard® from Capital One, which can be used to make purchases just like an unsecured card.
The main difference is that you’ll be required to make a $49, $99 or $200 security deposit, based on your creditworthiness, to receive a $200 credit limit. This card stands out for offering the chance to qualify for a lower deposit and still receive the same $200 credit limit.
And if you don’t qualify for the $49 or $99 deposits, you can receive access to a higher credit limit in as little as six months with no additional deposit needed. Capital One automatically considers you for a based on your payment history and creditworthiness.
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Benefits Of The Capital One Travel Rewards Program
The Capital One travel rewards program offers a decent amount of flexibility when it comes to earning miles. Capital One offers the Venture Rewards and VentureOne Rewards as travel card options. Seeing as they arent co-branded cards, or affiliated with certain hotels or airlines, you wont be limited to one brand. Plus, youll earn a flat rewards rate for every purchase no rotating bonus categories, no problem.
If you are interested in transferring your points, Capital One offers many miles transfer partners, and now most Capital One miles can be transferred to travel partners at a 1 to 1 ratio. Here is a list of some of the airline transfer partners:
- Singapore KrisFlyer
Here are a few other perks:
- You can redeem miles for travel, gift cards or as a statement credit for travel booked in the past 90 days on your Capital One card.
- Redemption also includes spending on Airbnb.
Lets break down Capital Ones travel cards, the Venture and the VentureOne using a few examples:
Capital One Quicksilver Cash Rewards Credit Card
Our pick for: Flat-rate cash back
The original 1.5% flat-rate cash-back card still holds its own in a now-crowded field. The Capital One Quicksilver Cash Rewards Credit Card offers a compelling combination of a good rewards rate, redemption flexibility, sign-up bonus and introductory 0% APR period . Read our review.
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What Is Not Covered In Capital Ones Purchase Protection
Certain purchases bought using a Capital One credit card arent protected by Capital Ones purchase protection, including:
- Animals and living plants
- Boats, aircraft, automobiles and other motorized vehicles
- Motorized vehicle accessories such as motors or equipment
- Items that can be towed by or attached to any motorized vehicle
- Broken items
- Computer software
- Items damaged by weather other than lightning, wind, hail, rain, sleet or snow
- Items purchased for resale or professional/commercial use
- Items stolen from vehicles or common carriers
- Lost items
Capital One Quicksilver Student Cash Rewards Credit Card
Our pick for: College students seeking simple rewards
The Capital One Quicksilver Student Cash Rewards Credit Card gets high marks for cards in its class, thanks to its $0 annual fee and its no-fuss rewards rate: 1.5% cash back on all purchases. That’s as good a combo as you’d find on even a lot of non-student cards. Read our review.
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Who Should Get A Capital One Credit Card
- The foodie who loves dining out. The SavorOne Cash Rewards cards 3% cash back on dining out and entertainment is a strong choice for restaurant lovers and people who are excited to get back out after too much time inside.
- The traveler. There are two options for the traveler, both great for domestic and international, and they are the Venture Rewards and the VentureOne Rewards. The VentureOne is best for the occasional traveler who just cant justify an annual fee, and the Venture is great for the traveler who wants to max out spending.
- The seeker of convenience. Want a cash back card that you dont have to think much about in order to get great rewards? The Quicksilver and QuicksilverOne cards have the same across-the-board cash back offer, although the QuicksilverOne has an annual fee and no sign-up bonus in exchange for only recommending fair credit.
Compare Quicksilver cards
|Total end of first year||$200+$90=$290||$90-$39=$51|
Is Capital One Savorone Cash Rewards Credit Card A Good Credit Card
While only you can decide which rewards credit card is best for your spending and goals, the Capital One SavorOne Cash Rewards Credit Card is generally considered a good credit card. This is due its generous rewards rate, $0 annual fee and important cardholder benefits like no foreign transaction fees.
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Capital One Spark Miles For Business
Our pick for: Small business travel rewards
The Capital One Spark Miles for Business is basically a business version of the popular Capital One Venture Rewards Credit Card. You earn 2 miles per dollar on all purchases, and miles can be redeemed at a value of 1 cent apiece for any travel purchase, without the blackout dates and other restrictions of branded hotel and airline cards. The card offers a great sign-up bonus, too. Read our review.
Capital One Quicksilver Cash Rewards: Best For Easy Rewards
If you have good to excellent credit, choosing the Quicksilver card over the Platinum card is a no-brainer. Not only will the interest likely be lower, but its flat rate cash back, easy-to-earn sign-up bonus and no penalty rate make the Quicksilver a nice, reliable cash back card.
However, if your credit score isnt high enough to qualify for a Quicksilver card, but youd like to earn cash back, you may want to consider the Capital One QuicksilverOne Cash Rewards Credit Card. This card offers the same 1.5% cash back rate on all purchases but is designed for cardholders with average credit. The only caveat is that it charges a $39 annual fee, which can significantly cut into your overall earnings. For example, if you charge around $300 a month, youll earn roughly $54 over the course of the year. But if you factor in the annual fee, youll earn only around $15.
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What Are Benefits Of Capital One Credit Cards
The exact benefits of Capital One cards will vary depending on the type of card. Many Capital One cards have no foreign transaction fees, instant card number locking from the Capital One app, $0 fraud liability, virtual credit card numbers, online account management and automatic credit line reviews among other benefits.
Capital One Quicksilver Secured Cash Rewards Credit Card
Our pick for: Poor credit + rewards
The Capital One Quicksilver Secured Cash Rewards Credit Card offers an impressive combination of features for those with poor credit. A deposit is required, but in exchange you get a $0-annual-fee card that reports to all three credit bureaus an automatic credit limit review after six months and a possible upgrade path to an unsecured Capital One card. Oh, and 1.5% back on all purchases, which equals what you’d find on many unsecured cards. Read our review.
BUSINESS CREDIT CARDS
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How To Use Capital One Car Rental Insurance
Activating your auto rental collision damage waiver is easy simply initiate and purchase the entire rental with your eligible Capital One card. Then, decline the CDW the rental companys representative offers you at the counter.
Consider reading the rental agreement to make sure youre explicitly declining extra coverage. If you dont decline the rental companys CDW, your Capital One car rental coverage wont apply.
A rental company representative might say you must purchase coverage. In this case, call your CDW benefit administrator at 800-397-9010. Outside the United States, call collect at 303-967-1093.
How to make a claim for Capital One car rental insurance
As soon as possible, call the Capital One benefit administrator at 800-397-9010 to report the theft or damage. If youre traveling internationally, call collect at 303-967-1093.
If you cant call immediately, report the theft or damage within 45 days of the incident.
What to submit with your claim
Ask for the following at the time of the incident, or when you return the vehicle:
- A copy of the accident report form and claim document. These should show which costs you must pay for the incident and, if applicable, what youve already paid
- A copy of the initial and final rental auto rental agreements, front and back
- A copy of the itemized repair bill and repair estimate
- If available, two photos of the damaged vehicle
- A police report, if you can get one
What Is The Best Visa Credit Card
There is no one best Visa card as each person has a unique credit profile and set of needs. Our list gives you a good place to start. If you are looking for a card with no annual fee and simple rewards, consider the Chase Freedom Unlimited®. If you are looking for travel rewards, consider the Chase Sapphire Preferred® Card or the Venture® Rewards from Capital One®.
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Best Travel Capital One Card
Who’s this for? The Capital One Venture Rewards Credit Card is a great choice for travelers that aren’t loyal to a particular hotel chain. This card offers one of the best rewards programs for travel, especially hotel bookings. Cardholders earn 2X miles on all purchases, plus 5X miles on hotel and rental cars booked through Capital One Travel.
Typically you could only redeem rewards as a statement for past travel purchases, but Capital One recently added the option to redeem miles for restaurant delivery, takeout and streaming services through April 30, 2021.
A noteworthy perk of this card is a Global Entry or TSA PreCheck application fee credit every four years worth up to $100. If you travel through airports often, this benefit can save you time and money.
While Venture does come with a $95 annual fee, it’s low compared to some other travel cards with annual fees over $500. This card has no foreign transaction fees and comes with a variety of travel perks, such as travel accident insurance, 24-hour travel assistance services and an auto rental collision damage waiver.
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Earn A $200 Cash Bonus
The Capital One SavorOne Cash Rewards Credit Card includes a juicy sign-up bonus for new cardholders: Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening.
What it’s worth: $200
Who’s eligible to earn this offer: According to the fine print on the Capital One website, “existing or previous accountholders may not be eligible for this one-time bonus.”
Capital One Savorone Student Cash Rewards Credit Card
Our pick for: College students seeking bonus rewards
Among cards aimed at students, the $0-annual-fee Capital One SavorOne Student Cash Rewards Credit Card is near the head of the class. It earns 3% cash back in a variety of popular spending categories for students including dining, entertainment purchases, eligible streaming services and grocery store purchases which is a better deal than you’d find on many cards requiring annual fees or sterling credit. Read our review.
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