Capital One Credit Cards Benefits


Capital One is one of the major banks in the United States. While banks are traditionally stodgy, Capital One offers a number of perks and unique benefits that make their offerings stand out.

For instance, did you know Capital One operates cafes in many major cities?

Let’s take a look at Capital One’s offerings that help them stand out.

Capital One Cafes

Capital One Cafes are a unique concept Capital One has introduced. Essentially, it’s a combination coffee shop and bank branch all in one. Rather than have traditional bank tellers, the Capital One Cafe locations have ambassadors to answer your questions in a relaxed environment. They also have money coaches to help you with money questions at a scheduled 1-on-1 coaching appointment.

The cafes typically offer free wifi and power outlets, Peet’s Coffee, and local snacks, and may offer a community room which is free for certain groups such as nonprofit, alumni, and student groups to book.

What’s even better is Capital One cardholders get half off Peet’s handcrafted beverages. The cafes also have kiosks where Capital One ambassadors can show you how to open a no-fee checking or savings account in just five minutes and a no-fee ATM for Capital One customers.

Current Capital One Cafe locations (or soon to open locations) include:

  • Arizona – Scottsdale
  • California – Bay Area; Los Angeles; San Diego
  • Colorado – Denver; LoDo; Boulder
  • Florida
  • Illinois – Chicago
  • Massachusetts
  •  Minnesota – St Cloud
  •  Oregon – Portland
  • Pennsylvania – Philadelphia
  •  Texas – Austin
  • Virginia – Richmond
  • Washington – Seattle
  • Washington D.C. – Chinatown; Georgetown

Capital One 360

Capital One offers checking, savings, money market and other account types under the 360 brand. These accounts try to offer benefits that many large banks don’t, such as no fees or higher interest rates.

Here are some of their more popular account types along with some highlights of each one.

360 Checking account

The 360 Checking is Capital One’s online checking account. What makes this account stand out is the fact that it’s virtually fee-free and doesn’t require a balance to keep the account open. You even get your first book of checks for free.

360 Checking offers 39,000 Capital One or Allpoint ATMs with no fees. You can also use mobile deposit and online bill pay to manage your finances. The account even pays interest. Currently, you’ll earn:

  • 20% APY on balances from $0 to $49,999.99
  • 75% APY on balances from $50,000 to $99,999.99
  • 00% APY on balances of $100,000 or more

While the account is virtually fee-free, there are some features that require fees including:

  • Overdrafting on credit
  • Requesting an overnight check delivery
  • Requesting overnight delivery of a replacement card
  • Stop payments
  • Writing a rejected check

You can still set up a free overdraft protection option. Simply select the free savings transfer option to automatically transfer money from your 360 Savings or 360 Money Market account to your 360 Checking account in the event of an overdraft.

360 Savings account

Capital One’s 360 Savings account offers 1.00% APY on all balances. This account is also virtually fee-free and doesn’t have any minimum balance requirements.

The 360 Savings account offers tools to help you actually save more money. You get free transfers from any external or Capital One accounts.

You also have the option to set up an automatic savings plan to keep your savings growing. You can use mobile deposit to make deposits directly to your savings account and you can even set up savings goals for your accounts.

360 Money Market account 

If you’re looking for a great interest rate, Capital One’s 360 Money Market account has you covered. While you’ll only earn 0.85% APY on balances from $0 to $9,999.99, you’ll earn 2.00% APY on balances of $10,000 or more.

There aren’t any monthly fees or fees to keep your account open with this account type, either. If you have a balance of less than $10,000 then using a 360 Savings account offers a better interest rate at this time.

Capital One credit cards rewards

One banking product where Capital One really shines is their credit card line up. Capital One offers several rewards credit cards with competitive rewards earning rates and benefits. Here are some of our favorites.

Our bottom line

Capital One’s leading product is the Capital One® Venture® Rewards Credit Card and it shows. A one-time 50,000 mile bonus after spending $3,000 in the first three months is flat out AWESOME, and 2X miles per dollar spent is about as good as you can to on a travel rewards credit card. Read review

Our bottom line

Capital One’s leading product is the Capital One® Venture® Rewards Credit Card and it shows. A one-time 50,000 mile bonus after spending $3,000 in the first three months is flat out AWESOME, and 2X miles per dollar spent is about as good as you can to on a travel rewards credit card. Read review

Poor 500-599

Fair 600-699

Good 700-749

Excellent 750-850

What we like:

  • A one-time 50,000 mile bonus after spending $3,000 in the first three months – $500 travel value
  • 2X miles earned for $1 spent on all purchases
  • $0 intro annual fee for the first year; $95 after that
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
  • Named ‘The Best Travel Card’ by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
  • Miles won’t expire for the life of the account and there’s no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that
  • See additional Capital One® Venture® Rewards Credit Card details

Apply Now >>

The Capital One® Venture® Rewards Credit Card is a super straightforward travel credit card. It offers unlimited 2x miles on every purchase, every day. There aren’t any rotating bonus categories or rewards earning limits to worry about which is nice. Currently,  you can earn 50,000 bonus miles by spending $3,000 on purchases within the first three months of opening your account, too.

Miles can be redeemed for a travel statement credit at a value of $0.01 each, so the sign up bonus is essentially worth $500 if you redeem your miles this way.

Our bottom line

The Capital One® Savor® Cash Rewards Credit Card offers a terrific $300 one-time cash bonus after spending $3,000 in the first three months. That’s as big a cash bonus as you’ll see from a credit card issuer and when it accompanies a rewards program that gives 4% cash back on dining and entertainment and 2% cash back at the grocery store, it’s a must own. Read review

Our bottom line

The Capital One® Savor® Cash Rewards Credit Card offers a terrific $300 one-time cash bonus after spending $3,000 in the first three months. That’s as big a cash bonus as you’ll see from a credit card issuer and when it accompanies a rewards program that gives 4% cash back on dining and entertainment and 2% cash back at the grocery store, it’s a must own. Read review

Poor 500-599

Fair 600-699

Good 700-749

Excellent 750-850

What we like:

  • A one-time $300 cash bonus after spending $3,000 in the first 3 months
  • 4% cash back on dining and entertainment, 2% cash back at the grocery store and 1% cash back on all other purchases
  • $0 intro annual fee; $95 after that
  • Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
  • Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that
  • See additional Capital One® Savor® Cash Rewards Credit Card details

Apply Now >>

The Capital One® Savor® Cash Rewards Credit Card is a dream rewards card for those that love to eat out. The card offers 4% cash back for dining and entertainment purchases, 2% cash back at grocery stores and 1% cash back on all other purchases.

Like with the Venture, the cash back you can earn is unlimited. You can earn a $500 bonus by spending $3,000 on purchases within the first three months from opening your account.

Capital One Savor also offers 8% cash back on tickets at Vivid Seats through May 2020. It will even cover your Postmates Unlimited membership fee through December 2019 if you sign up for the service using your Capital One Savor card.

Our bottom line

Capital one created a great cash back offer with the Capital One® Quicksilver® Cash Rewards Credit Card. First they hit you with a $150 one-time cash bonus after spending $500 in the first three months, then they provide a 0% intro APR on purchases and balance transfers for 15 months (standard rate applies after promotion ends) all for no annual fee.

Our bottom line

Capital one created a great cash back offer with the Capital One® Quicksilver® Cash Rewards Credit Card. First they hit you with a $150 one-time cash bonus after spending $500 in the first three months, then they provide a 0% intro APR on purchases and balance transfers for 15 months (standard rate applies after promotion ends) all for no annual fee.

Poor 500-599

Fair 600-699

Good 700-749

Excellent 750-850

What we like:

  • A one-time $150 cash bonus after spending $500 in purchases within the first 3 months
  • 1.5% cash back on all purchases
  • A 0% intro APR on purchases and balance transfers for the first 15 months (after which, the standard rate applies)
  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 16.24%-26.24% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 16.24%-26.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • Pay no annual fee or foreign transaction fees
  • See additional Capital One® Quicksilver® Cash Rewards Credit Card details

Apply Now >>

If you’re looking for a simple cash back credit card with no annual fee, the Capital One® Quicksilver® Cash Rewards Credit Card might work for you.

It offers unlimited 1.5% cash back on every purchase, every day as well as a $150 cash bonus for spending $500 on purchases within your first three months from opening the account.

Our bottom line

The Capital One® Savor® Cash Rewards Credit Card offers a terrific $300 one-time cash bonus after spending $3,000 in the first three months. That’s as big a cash bonus as you’ll see from a credit card issuer and when it accompanies a rewards program that gives 4% cash back on dining and entertainment and 2% cash back at the grocery store, it’s a must own. Read review

Our bottom line

The Capital One® Savor® Cash Rewards Credit Card offers a terrific $300 one-time cash bonus after spending $3,000 in the first three months. That’s as big a cash bonus as you’ll see from a credit card issuer and when it accompanies a rewards program that gives 4% cash back on dining and entertainment and 2% cash back at the grocery store, it’s a must own. Read review

Poor 500-599

Fair 600-699

Good 700-749

Excellent 750-850

What we like:

  • A one-time $300 cash bonus after spending $3,000 in the first 3 months
  • 4% cash back on dining and entertainment, 2% cash back at the grocery store and 1% cash back on all other purchases
  • $0 intro annual fee; $95 after that
  • Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
  • Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that
  • See additional Capital One® Savor® Cash Rewards Credit Card details

Apply Now >>

Capital One offers business credit cards to meet your business’s needs, as well. The Capital One® Spark® Cash for Business gives you unlimited 2% cash back on your purchases.

Your business can earn a $500 cash bonus for spending $4,500 on purchases within the first three months from account opening.

Capital One credit card perks

Capital One credit cards offer more than just their credit card rewards. In fact, some of their cards offer some pretty amazing perks that can either save you money or make your life easier.

If you’re a cardholder or looking to sign up for a Capital One card, make sure the below perks you’re interested in are offered on the particular Capital One card you’re considering.

Card lock

Card lock is an awesome Capital One card feature to give you some piece of mind. If you can’t find your card, simply log into online banking, call customer service, or log into the app to temporarily lock your card.

If you find the card never left your possession, you can simply unlock the card. However, if it is truly lost or someone else had access to it, you can leave it locked and request a replacement card.

No foreign transaction fees

Other cards may charge you fees for making transactions overseas. Sometimes these fees are 3% or more. Capital One credit cards won’t charge you foreign transaction fees.

Auto rental collision damage waiver

If you hate dealing with renting a car due to all of the insurance add-ons, Capital One credit cards may be able to help. If you have a qualifying card and rent your rental card with the card, you may be covered under the card’s auto rental collision damage waiver coverage for collision or theft.

This can save you money from buying insurance through the rental agency. Make sure you fully understand this benefit, how it works and any exclusions before you use it.

Extended warranty

Manufacturer warranties are often short these days. It feels like products always break right after they’re out of warranty, too. Thankfully, making a purchase on your Capital One card might qualify you for extended warranty coverage. Typically, this credit card benefit will add time to your manufacturer’s warranty.

Of course, extended warranty coverage has limits. It will only extend your warranty a certain amount of time, it has monetary limits and not all items qualify. You may have to register the purchase to qualify for the benefit, too, so make sure you read the details of your specific card before you rely on this benefit.

Don’t forget to save your receipt, the manufacturer’s warranty information and any other relevant product information so you have it when you make your claim.

Price protection

Have you ever bought something then saw the price dropped after you bought it? If you made the purchase on a Capital One card, you may qualify for their price protection benefit. The price protection benefit typically covers purchases made within the last 120 days that have an advertised price lower than what you paid.

It’s limited to $250 per claim and four claims per cardholder per twelve month period. There are exclusions, as well, so make sure to read the benefit details before using this benefit.

Summary

If you don’t have any Capital One accounts yet, chances are there is at least one of their offerings that’s better than your current banking products.

Whether you love the idea of visiting Capital One Cafes as a cardholder or their offerings beat your current bank’s offerings, switching to Capital One’s 360 or credit card products may be a smart move for you.

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