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NerdWallet > Rewards Credit Cards > Capital One® Cash Rewards - $100 Cash Back Bonus
Review / Compare / Reward Calculations / Interest Calculations / Rankings / Comments
Capital One® Cash Rewards - $100 Cash Back Bonus
Capital+One Cash+Credit+Card Credit Card

(3.5/5 - 773 Votes)
Net Annual Rewards
$374
of Cash
Reward Rate
1.50%
Annual Fee
$0
Signing Promo
$100 Cash Bonus - for new accounts.
APR, variable*
Min APR:
12.9%(V)
Max APR:
20.9%(V)
Default:
29.4%(V)
Cash Adv:
24.9%(V)
Intro APR Promotions
Purchase:
0% until June 2013
Transfer:
0% until June 2013
Summary
  • $100 Bonus after you spend $500 in the first 3 months
  • 50% bonus on the cash back you earn every year
  • 1% cash back on all purchases
  • No annual fee
  • Earn unlimited cash rewards that don't expire
  • Redeem cash rewards anytime for any amount, even set up automatic redemption
  • Personalize your card with an image of your choice
  • 0% intro APR on purchases and balance transfers until June 2013

Compare To Our Most Popular Cards For The Category

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Compare To Blue Cash Preferred℠ Card from American Express

Why do we think you should consider this card?

Earn $150 cash back after spending $1,000 in eligible purchases in the first 3 months of Cardmembership

Compare To A Different Card



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Reward Details & Calculator

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Rewards Type: Cash

Signing Promotion
($100)/2 yrs
$50
Estimated Annual Rewards
$21,600 * 1.50%
$324
Annual Fee, 2 yr avg
$0
Annual Rewards (Rewards less Fees)
$374

Details

  • Earn 1.5% on purchases
  • No preset spending limit
  • 1.5% back on everything - 1% back normally, and a 50% bonus at the end of each year
  • New accounts get a $100 sign up bonus

Calculate Interest & Finance Charges

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Use the sliders to the left to calculate balance transfer interest and APR interest for this particular card.

Finance Charge, Balance Transfer of $10,000*

Balance Transfer Fee, 3.0%
$300
Promo APR, First 12 months
$0
APR, 12 months
$1,410
Total
$1,710

*Average APR for Balance Transfers of 7.9% includes transfer fees and APR promotions.

Effective Annual Rate, Purchases

Promo EAR, 12 months
0.00%
Ongoing EAR, 12 months
13.69%
Total EAR, 24 months
6.63%

APR Rankings

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APR
12.9%
ranks #1129 out of 1751 cards.
Average is 11.78%.
Balance Transfer Fee
3%
ranks #905 out of 1639 cards.
Average is 1.67%.
Cash Advance APR
24.9%
ranks #782 out of 1002 cards.
Average is 18.74%.

Rewards Rankings

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Annual Fee
$0
ranks #1 out of 1773 cards.
Average is $9.
Base Reward Rate
1.5%
ranks #16 out of 963 cards.
Average is 0.99%.
Effective Reward Rate
1.5%
ranks #27 out of 958 cards.
Average is 1.04%.
Sign-up Bonus
$100
ranks #61 out of 1762 cards.
Average is $33.
Credit Card Review: Capital One® Cash Rewards - $100 Cash Back Bonus


Author:
STEPHEN

Verdict – The Capital One Cash Rewards card is one of the best cash rewards cards out there with a total 1.5% reward rate. Plus there is no limit to how much cash back you can earn and no annual fee. 

The Capital One Cash Rewards card is one of the easiest cards you can have in your wallet. It guarantees you 1% cash back on all your purchases with a 50% bonus on the cash back you earn each year, for an overall rewards rate of 1.5% on all your purchases.

It’s one of the simplest cards to use out there, since you don’t have to worry about enrolling in bonus categories or redeeming less-than-helpful points and miles.


  • http://www.doztech.net/ Ryan

    Would this card be a great back up rewards card if you already have the American Express Blue Cash Preferred card? I’m looking for another card I can get rewards for in the event my Amex card is not accept at the store or restaurant.

    • http://www.nerdwallet.com/ NerdWallet

      Definitely! With no annual fee and good rewards, the Cash is a great supplement to a bonus category card, or an Amex that doesn’t have universal acceptance.

      • http://www.doztech.net/ Ryan

        Cool thanks for the feedback applying today :)

  • bummedaboutCapOne

    I don’t mean to be a complainer. I just opened a new credit card account with Capital One. Wanted to pay all bills and use it all the time. I have about 3500.00 in expenses a month, but the open to buy is just 2000.00. Now my credit has a ding for requesting credit and I won’t be using this card at all. I called the company before applying for credit and the customer service rep was vague as I was asking about what the credit limit might be. How can one research this sort of thing before diving right in? I’m ticked.

    • http://www.nerdwallet.com/ NerdWallet

      Unfortunately, they’re pretty tight-lipped about credit limits pre-application, because they don’t want to divulge exactly how they calculate the limit. However, the hit to your credit score is pretty temporary. Technically, inquiries remain on your score for two years, and FICO factors them in for 12 months. But, according to their website
      :

      FICO scores do a good job of distinguishing between a search for many new credit accounts and rate shopping for one new account.

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