Capital One Credit Card Benefits and Perks That You Might Not Be Aware Of

Capital One Credit Card Benefits and Perks That You Might Not Be Aware Of

August 30, 2016         Written By Jason Steele

Capital One is one of the leading issuers of credit cards in the United States. In addition to offering cards with competitive rates, fees and rewards, its products also feature valuable cardholder benefits. Many credit card users tend to overlook these cardholder perks, and simply use their card to make purchases. So let’s take a closer look at these features and benefits that Capital One offers on some of its cards.

Benefits Enjoyed by all Capital One Cardholders

Capital One was one of the first credit card issuers in the United States to eliminate foreign transaction fees. While many card issuers impose a 3% fee on all charges processed outside of the United States, Capital One customers will never have to pay this unnecessary fee when traveling or even making a purchase from a foreign company.

In addition, Capital One offers its CreditWise program that allows you to see your credit score for free. In the past, many people had to pay a monthly fee for a credit monitoring service, but CreditWise allows you to keep an eye on your accounts, and to get free alerts when something changes. It also includes a Credit Simulator that allows you to see how possible future actions could affect your credit score. In fact, the CreditWise service is offered to everyone, even if you are not currently a Capital One cardholder.

Capital One Mastercard Benefits

Capital One issues cards that are part of either the Mastercard or the Visa payment networks, and the benefits you receive from your Capital One card can vary based on which one your card belongs to. For example, the Capital One Venture, VentureOne, Quicksilver, QuicksilverOne, Platinum and Secured cards are part of the Mastercard network, which provides cardholders several valuable benefits.

These cardholders receive extended warranty coverage that can add a year to your manufacturer’s warranty for eligible items. Auto rental insurance can provide you with coverage for damage due to collisions or theft. In addition, you are provided with travel accident insurance when you make a travel purchase with our credit card.

Cardholders also receive 24/7 access to travel assistance services, including emergency card replacement and cash advances. In addition, Capital One Mastercards feature 24/7 roadside assistance that will dispatch help when your car breaks down or you get locked out. Just remember that you will be responsible for paying the service provider for any help you receive. Finally, Capital One Mastercard holders have access to a price protection program that allows you to receive the difference in price when an eligible item is advertised in print for less within 60 days of purchase.

Capital One Visa Benefits

Capital One cards that are part of the Visa payment network, such as the PlayStation Card and the Sony Card, also receive specific benefits. For example, these cardholders also receive 24-hour travel assistance services, as well as emergency card replacement and a cash advance.  Visa provides its own extended warranty coverage at no charge on eligible items that are purchased with your credit card.

Capital One Visa cardholders also receive auto rental insurance, so you can decline the expensive policies offered by rental car companies. Travel accident insurance is also included at no extra charge when you use your credit card to purchase your fare.

In addition, some Capital One credit cards are part of the Visa Signature program, which offers another level of cardholder benefits. Capital One cards that are part of the Visa Signature program include all the cards in the Spark for Business line.

When traveling, Visa Signature cardholders receive numerous upgrades and savings. For instance, the Visa Signature Hotel Collection features over 900 luxury hotels worldwide, and offers cardholders room upgrades (when available), free breakfast, free in-room Internet service, a $25 food or beverage voucher and even a 3 pm late check-out (when available). Furthermore, guests are guaranteed the best rate available when they book a hotel under this program using the Visa Signature Hotels website. Visa Signature cardholders can also receive other hotel discounts and benefits including a free night at select hotels when you purchase three nights, or a $100 dining credit.

Visa Signature cardholders also receive access to special experiences such as access to purchase preferred seats at select Cirque du Soleil performances. In addition, they receive special savings on select membership levels and retail purchases with the Visa Signature Museum Collection which includes the Seattle Art Museum, Solomon R. Guggenheim Museum, New York and Fine Arts Museums of San Francisco (de Young and Legion of Honor). Cardholders also receive access to discounts on events such as the Sonoma Wine Country Weekend and an additional free wine tasting when you purchase one at over 50 premier Visa Signature wineries in Sonoma County.

By understanding which benefits are offered by each Capital One credit card, you can choose the right one for your needs.

The information contained within this article was accurate as of August 30, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Jason Steele

Jason Steele is a freelance journalist and an expert on the credit card industry. He contributes to several of the top personal finance sites, and his work is syndicated to mainstream outlets such as MSN Money, Yahoo! Finance, and Business Insider.
View all posts by Jason Steele
Top Features : 2X miles on every purchase; bonus of 50,000 miles once $3,000 is spent in first 3 months
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Top Features : 1.5% cash back on all purchases; $150 bonus after spending $500 in first 3 months
Top Features : 1.5% cash back on every purchase; access to higher credit line after making first 5 monthly payments on time
Top Features : 4% cash back on dining & entertainment, 2% at grocery stores; $500 bonus after spending $3000 in first 3 months
Top Features : No annual fee; 3% cash back on dining & entertainment; 2% on groceries; $150 cash bonus after spending $500 in first 3 months