Author: Mike AndersonVerdict – The Capital One Cash Rewards card is one of the best no-annual fee rewards credit cards out there, earning what amounts to 1.5% cash back on all purchases.
The Capital One® Cash Rewards - $100 Cash Back Bonus is kind to debtors and reward hunters both. For the first 12 months, Capital One will charge 0% APR on purchases and balance transfers. Afterwards, it’s 12.9-20.9% APR in both categories.
Then there’s rewards. The signup bonus is generous – $100 after you spend $500 in the first 3 months. After that, too, this Cap One card is one of the best out there, simply as a cash rewards card. There are no gimmicks, no rewards caps, and no foreign transaction or annual fees. You don’t have to worry about enrolling in bonus categories or redeeming less-than-helpful points and miles, making the card simple as well as lucrative.
You earn a full 1% rewards on every purchase you make, and at the end of the year, you get a 50% bonus on the rewards you've earned, spent or unspent. That means you'll effectively earn 1.5% cash back on every purchase you make.
International travelers will find something to love too: All Capital One cards waive the foreign transaction fee, saving you 3% on every dollar you spend overseas. This makes it a perfect card for a student or young adult going abroad - or just someone who wants easy-to-earn, easy-to-redeem rewards wherever they go. Whether you're looking for a go-to, no-fee card, or you want to travel abroad and earn better rewards on every purchase, this card has your back.
To qualify for a great card like this, you’ll need good or excellent credit, which means your FICO score should hover somewhere in the 700-850 area. If your credit is closer to average, and you’d still like to earn rewards while paying off debt, check out the NFL Extra Points Credit Card.
It may be a branded card – which most often caters specifically to a niche audience – but the Extra Points won’t earn you rewards exclusively on NFL merchandise. You’ll earn 1% on all purchases and 2% on the NFL, and you can redeem for statement credit, for purchases made both in and out of the stadium.
Also like the Cap One card, the Extra Points gives you a break on your balances, with 0% purchase APR on balance transfers for 12 months.
The Cash Rewards may offer .5% more on rewards, but the NFL card will do just fine if Capital One declines your application.