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The best Capital One credit cards of August 2023

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Best Capital One credit cards

Best no-annual-fee Capital One card

Capital One Quicksilver Cash Rewards Credit Card

On Capital One’s secure site

  • Rewards

    Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024, 1.5% cash back on every purchase

  • Welcome bonus

    Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening

  • Annual fee

  • Intro APR

    0% intro APR for 15 months on purchases and balance transfers

  • Regular APR

  • Balance transfer fee

    3% fee on the amounts transferred within the first 15 months

  • Foreign transaction fee

  • Credit needed

Pros

  • No annual fee
  • Low spending requirement for the welcome bonus
  • Redeem cash back for any amount at any time
  • No foreign transaction fee

Cons

  • 3% balance transfer fee during the first 15 months your account is open
  • No bonus rewards categories

Who’s this for? The Capital One Quicksilver Cash Rewards Credit Card is an easy-to-use no-annual-fee credit card that offers cash back and a generous welcome bonus. Cardholders earn 1.5% cash back on everything, which can be conveniently redeemed at any time and for any amount.

Other great perks: Beyond rewards, you can finance new purchases or transfer debt with a 0% intro APR for the first 15 months from account opening (then 19.99% – 29.99% variable APR; 3% fee on the amounts transferred within the first 15 months). This provides you with over a year to repay large purchases or get rid of debt once and for all.

The Quicksilver card also has no foreign transaction fees, travel accident insurance and extended warranty protection. Through Capital One Entertainment, you’ll have access to exclusive events, such as culinary and sports experiences. Cardholders can enjoy up to six months of complimentary Uber One membership statement credits through Nov. 14, 2024.

Best travel Capital One card

Capital One Venture Rewards Credit Card

On Capital One’s secure site

  • Rewards

    5 Miles per dollar on hotel and rental cars booked through Capital One Travel, 2X miles per dollar on every other purchase

  • Welcome bonus

    Earn 75,000 bonus miles once you spend $4,000 on purchases within 3 months from account opening

  • Annual fee

  • Intro APR

    N/A for purchases and balance transfers

  • Regular APR

  • Balance transfer fee

    0% at the regular transfer APR

  • Foreign transaction fee

  • Credit needed

Pros

  • 5 miles per dollar on hotel and rental cars booked through Capital One Travel
  • Global Entry or TSA PreCheck application fee credit up to $100 every 4 years

Cons

  • No introductory APR
  • There’s a $95 annual fee

Best luxury Capital One card

Capital One Venture X Rewards Credit Card

On Capital One’s secure site

  • Rewards

    Unlimited 2X miles on all eligible purchases, and 5 Miles per dollar on flights and 10 Miles per dollar on hotels and rental cars when booked via Capital One Travel portal

  • Welcome bonus

    Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening

  • Annual fee

  • Intro APR

  • Regular APR

    21.99% – 28.99% variable APR

  • Balance transfer fee

    0% at the regular transfer APR

  • Foreign transaction fees

  • Credit needed

Pros

  • Large welcome bonus
  • No foreign transaction fees
  • Up to $100 statement credits for either Global Entry or TSA PreCheck®
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network

Cons

  • High annual fee
  • No introductory 0% APR period

Who’s this for? The Capital One Venture X Rewards Credit Card is an excellent choice for someone who travels often and can take advantage of this card’s wide range of perks. It earns 10X miles per dollar on hotel and rental cars booked through Capital One Travel and 5X miles per dollar for every dollar spent on flights through the same site. Plus, you’ll earn 2X points on all other purchases.

As with the Venture Rewards Card, there are many ways to redeem your miles, including transferring them to Capital One’s airline and hotel partners.

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Other great perks: The card is loaded with benefits, including a statement credit of up to $100 for either Global Entry or TSA PreCheck®, complimentary cell phone insurance* and access to Capital One Lounges as well as an extensive network of airport lounges. Cardholders also receive up to $300 back in statement credits each year for bookings made through Capital One Travel and a 10,000-mile bonus on each account anniversary. These benefits can easily make the card worth keeping, even though it has a $395 annual fee.

Best cash-back Capital One card

Capital One Savor Cash Rewards Credit Card

Information about the Capital One Savor Cash Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

  • Rewards

    4% cash back on dining and entertainment, 4% on eligible streaming services, 3% at grocery stores and 1% on all other purchases

  • Welcome bonus

    Earn a one-time $300 cash bonus once you spend $3,000 on purchases within the first three months from account opening

  • Annual fee

  • Intro APR

  • Regular APR

  • Balance transfer fee

    3% for promotional APR offers; none for balances transferred at regular APR

  • Foreign transaction fee

  • Credit needed

Pros

  • Unlimited 4% cash back on entertainment purchases
  • Ability to redeem rewards at any amount, unlike some other cards with $25 minimums
  • No fee charged on purchases made outside the U.S.

Cons

  • $95 annual fee
  • No introductory 0% financing offers for purchases or balance transfers

Best student Capital One card

Capital One SavorOne Student Cash Rewards Credit Card

On Capital One’s secure site

  • Rewards

    Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024, 8% cash back on Capital One Entertainment purchases; 3% cash back on dining and at grocery stores (excluding superstores like Walmart® and Target®); 3% cash back on popular streaming services and entertainment; 1% cash back on all other purchases

  • Welcome bonus

    Early Spend Bonus: Earn $50 when you spend $100 in the first three months

  • Annual fee

  • Promo APR

  • Regular APR

    19.99% – 29.99% variable APR

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

Pros

  • Excellent cash back categories on broad spending categories
  • Exclusive access to curated experiences in sports, dining and entertainment
  • Unlimited cash back that doesn’t expire for the life of the account
  • Pick the monthly due date that works best for you

Best Capital One card for bad credit

Capital One Platinum Secured Credit Card

On Capital One’s secure site

  • Rewards

  • Welcome bonus

  • Annual fee

  • Intro APR

    N/A for purchases and balance transfers

  • Regular APR

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

Pros

  • No annual fee
  • $49, $99 or $200 refundable deposit
  • No fee charged on purchases made outside the U.S.
  • Flexibility to change your payment due date

Cons

  • High variable APR
  • No rewards program

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 Capital One Platinum Secured Credit Card. These cards can be used just like an unsecured credit card and can help build your credit.

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.

Other great perks: 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 credit limit increase based on your payment history and creditworthiness.

Best business Capital One card

Capital One Spark Cash Plus Credit Card

Information about the Capital One Spark Cash Plus Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

  • Rewards

    Unlimited 2% cash back on every purchase

  • Welcome bonus

    Earn a one-time cash bonus of $1,200 once you spend $30,000 in the first 3 months.

  • Annual fee

  • Promo APR

  • Regular APR

    No APR; pay off your balance in full every month to avoid a 2.99% late fee

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

Pros

  • No present spending limit
  • Free employee cards
  • Roadside assistance benefits
  • No foreign transaction fees

Cons

  • Balance must be paid in full each month
  • Annual cash bonus of $200 requires $200,000 yearly spending

Who’s this for? Small business owners who want to earn simple cash back on purchases should consider the Capital One Spark Cash Plus. This card offers 2% cash back on every eligible purchase — whether it’s shipping costs, office furniture or meals for your employees.

Other great perks: The Spark Cash Plus also comes with helpful business benefits, including account management tools (such as the ability to view recurring transactions and download purchase records to Quicken®, QuickBooks® and Excel®), extended warranty protection and no foreign transaction fees.

This card has a $150 annual fee, but employee cards are free so there’s no added cost there.

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Find the best credit card for you by reviewing offers in our credit card marketplace or get personalized offers via CardMatch™.

FAQs

What Capital One credit card is easiest to get?

The Capital One Platinum Secured Credit Card is easier to qualify for because it’s a secured card, which means you’ll need a security deposit to open the card. Although the card doesn’t come with any rewards, you’ll have an easier time getting approved even if you have a weaker credit score.

What is the top-tier Capital One credit card?

The Capital One Venture X is Capital One’s most premium travel rewards credit card. It comes with perks like airport lounge access, travel insurance, travel credits and earns transferrable Capital One miles.

How many Capital One credit cards can you have?

Capital One doesn’t have an official limit to how many cards you can have, though it typically limits members to holding two personal credit cards at a time. Co-branded Capital One cards may not count toward this two-card limit. So if you have the Capital One Walmart Rewards® Mastercard® and the Capital One Venture card, there’s a chance you could qualify for another Capital One card.

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Bottom line

Capital One issues a range of credit cards, from travel credit cards to business credit cards and cards designed for those with lower credit scores. To find the best credit card for you, think about what type of rewards you prefer to earn and consider which cards you are likely to qualify for.

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Why trust CNBC Select?

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card productsWhile CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best credit cards.

Our methodology

To determine which credit cards offer the best value, CNBC Select analyzed Capital One credit cards available in the U.S. We compared each card on a range of features, including rewards, welcome bonus, introductory and standard APR, balance transfer fee and foreign transaction fees, as well as factors such as required credit and customer reviews when available. We also considered additional perks, the application process and how easy it is for the consumer to redeem points.

Select teamed up with location intelligence firm Esri. The company’s data development team provided the most up-to-date and comprehensive consumer spending data based on the 2019 Consumer Expenditure Surveys from the Bureau of Labor Statistics. You can read more about their methodology here.

Esri’s data team created a sample annual budget of approximately $22,126 in retail spending. The budget includes six main categories: groceries ($5,174), gas ($2,218), dining out ($3,675), travel ($2,244), utilities ($4,862) and general purchases ($3,953). General purchases include items such as housekeeping supplies, clothing, personal care products, prescription drugs and vitamins, and other vehicle expenses.

CNBC Select used this budget to estimate how much the average consumer would save over a year, two years and five years, assuming they would attempt to maximize their rewards potential by earning all welcome bonuses offered and using the card for all applicable purchases. All rewards total estimations are net the annual fee.

While the five-year estimates we’ve included are derived from a budget similar to the average American’s spending, you may earn a higher or lower return depending on your shopping habits.

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For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.



Source: CNBC

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