Top Capital One Credit Cards for 2020
Capital One has become one of the most well-known credit card issuers, thanks to their television commercials with high-profile celebrities. But Capital One also has some of the best credit cards in the industry. They offer an extremely attractive card no matter what kind of credit score you may have. In fact, they are one of the few major issuers that will offer cards to people with fair or poor credit.
Here are some of the top Capital One credit cards for 2020.Capital One® Quicksilver® Cash Rewards Credit Card gives cardholders 1.5% cash back on every purchase with no limits. Currently, new customers are given a $150 cash bonus after they have spent $500 on purchases in the first three months of opening the account. Customers receive 15 months of interest-free financing on both new purchases and balance transfers, with a 3% balance transfer fee. After this introductory period, an interest rate of 15.49% - 25.49% (Variable) applies, depending on your credit worthiness. Cardholders receive complimentary 24/7 concierge service and extended warranty coverage. This card requires good or excellent credit.
If you only have fair credit, apply for the Capital One® QuicksilverOne® Cash Rewards Credit Card. It has some of the same attractive benefits of the Quicksilver card, such as the 1.5% cash back rewards. But it has an APR of 26.99% (Variable) and an annual fee of $39. There are no foreign transaction fees with any Capital One card.
As a special introductory bonus, new cardholders receive 50,000 bonus miles, worth $500, after spending $3,000 on new new purchases within three months of account opening. Cardholders also receive up to $100 application fee credit for Global Entry or TSA Pre✓®. This card is equipped with an EMV smart chip, and is compatible with the Apple Pay mobile payment system. There is a $95 annual fee for this card but it is waived the first year.
If you don’t want to pay an annual fee, Capital One offers the Capital One® VentureOne® Rewards Credit Card. It is very similar to the Venture card, but only earns 1.25 miles per dollar spent. The introductory bonus is also scaled back. New VentureOne applicants earn 20,000 bonus miles, worth $200 in travel, after spending $1,000 within the first three months of account opening. This card also offers new applicants 12 months of interest-free financing on new purchases. Both the Venture and VentureOne cards have no foreign transaction fees.
New Savor cardholders receive a $300 cash bonus when they spend $3,000 within the first three months of being a card member. The Savor card has an APR of 15.99% - 24.99% (Variable), depending on the cardholder’s credit. It has an annual fee of $95 that is waived during the first year. There are no foreign transaction fees on this card.
If you don’t want to pay an annual fee, the Capital One® SavorOne® Cash Rewards Credit Card is available. It rewards cardholders with 3% back on dining out and entertainment, 2% on groceries and 1% on all other transactions. The early spend bonus is also a bit scaled back: customers earn $150 if they spend $500 during the first three months of having an account. But there is a nice introductory offer of 0% APR for 15 months on both purchases and balance transfers.
Capital One® Secured Mastercard®. Applicants must complete an application, and once approved, you will be notified of the amount of the refundable security deposit that you will have to make, which will be $49, $99 or $200 based on your creditworthiness. You will then receive a credit line between $200 and $3,000.
This card works in the same was as any other credit card. You receive a monthly statement, and must make a minimum payment. Pay your balance in full, and you avoid interest charges, which are at an interest rate of 26.99% (Variable) for purchases, cash advances, and balance transfers.
Like the Capital One Platinum card, the Secured Mastercard customers receive extended warranty, auto rental, travel accident insurance, travel assistance, roadside assistance, and price protection. Cardholders receive complimentary access to Capital One’s CreditWise app. There is no annual fee or foreign transaction fees on this card.
Cardholders are first given a low credit line, but can receive a larger credit line with the Credit Steps program after making five on-time payments. Journey cardholders have access to Capital One’s CreditWise app which includes a free monthly credit score, and a what-if simulator allowing you the opportunity to monitor your credit.
As a Capital One customer, you will receive 24-hour travel assistance services, extended warranty coverage, and auto rental insurance. The standard interest rate for purchases is 26.99% (Variable). There are no foreign transaction fees or annual fee for this card.