Choosing a credit card issuer is serious business — each one offers its own unique set of perks and drawbacks. If you’re considering a Capital One credit card, here are four reasons to take the plunge and apply.
1. No foreign transaction fees
Don’t let wanderlust cost you more than it has to. Many credit cards charge 3% on all of your overseas purchases, but Capital One credit cards boast no foreign transaction fees. So if you spend $5,000 internationally each year, you’ll save $150 in fees by choosing a Capital One card.
2. Itemized authorized user activity
It’s easy to track how much your authorized users spend on their respective cards and what they spend it on with Capital One’s itemized authorized user activity. You can use this to ensure authorized users are staying within the spending limitations you set up when you first added them to your account. It’s also useful to keep tabs on your college kid’s spending.
3. Ability to choose your due date
Capital One allows cardholders to choose their own due dates. The Nerds recommend that you coincide your payment due date with your payday to avoid spending funds that should be allocated to bills.
4. A ‘Second Look’ at your transactions
Even the most diligent budget tracker may miss an erroneous charge or two. Capital One’s Second Look not only looks out for unusual charges, but also for duplicate and auto-renewal charges. This may include things like annually billed subscriptions or auto-pay bills that are higher than usual.
Second Look is a new feature on all Capital One cards and is currently in its pilot phase. The program is slated to grow as consumers give feedback on how it could be more helpful.
The benefits don’t end there
The Capital One benefits above are featured on all of its consumer cards, but these aren’t the only perks offered by the issuer. Depending on which card you choose, you may get competitive cash or travel rewards, a 0% introductory APR on purchases and transfers, a waived first year annual fee or no annual fee, and no balance transfer fees.
Interested in these benefits? Check out two of our favorite personal Capital One credit cards:
Capital One® Venture® Rewards Credit Card: Best for travel rewards
The Capital One® Venture® Rewards Credit Card offers 2 miles on every dollar spent, redeemable for travel, cash, gift cards and more. There’s also a killer signup bonus: 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. The card has an annual fee of $0 for the first year, then $95, and no transfer fees.
Capital One® Quicksilver® Cash Rewards Credit Card: Best for cash rewards
The Capital One® Quicksilver® Cash Rewards Credit Card offers 1.5% cash back on every purchase. There’s also a tidy cash signup bonus: One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening. Cash back is redeemable for check or statement credit. The Capital One® Quicksilver® Cash Rewards Credit Card has an annual fee of $0 and an introductory APR of 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 14.49% - 24.49% Variable APR.
Bottom line: Capital One credit cards boast no foreign transaction fees, itemized authorized user activity and the ability to choose your due date, as well as access to the Second Look tool. But these aren’t the only card benefits — check out one of our card recommendations above to take advantage of additional perks.