Capital One credit card mini-reviews

7

mini reviews

When I first created our Best Credit Card Offers page, about 6 years ago, I included mini reviews with each card. Since then I’ve done a poor job at keeping that going.  To fix that, I’m working on adding mini reviews to each card, one bank at a time.  Since I had exactly zero mini reviews for the Capital One cards despite them having a number of excellent early spend bonus offers, I decided to start there.  What follows are the mini reviews that can also be found in the Capital One section of our Best Offers page.  Expect to see similar updates for other banks in the near future.

Capital One Venture Rewards Credit Card
100K "Miles"
Earn 100K bonus miles when you spend $20K on purchases in the first 12 months from account opening, or still earn 50K miles if you spend $3K on purchases in the first 3 months

$95 Annual Fee

Recent better offer: None. This is the best we've seen in recent years.

FM Mini Review: This card earns 2 "miles" per dollar, which are worth exactly 1 cent each toward travel. This makes the return on spend similar to a 2% cash back card (though in this case you must redeem your miles to offset travel in order to get 1 cent per mile). One big advantage over cash back: Capital One allows transfering their "miles" to airline miles at a 2 to 1.5 ratio.


Card Type: Visa Signature

Base
Other

Earning rate: 2X everywhere. Through 1/31/21: 5X Uber Eats.

Noteworthy perks: Receive up to $100 application fee credit for Global Entry or TSA Pre✓® ⚬ Redeem miles for travel at value of 1 cent per mile ⚬ Convert "miles" to airline miles at a (mostly) 2 to 1.5 ratio ⚬ No foreign transaction fees

Capital One Spark Miles Business Credit Card
50K "miles"
One time bonus: 50,000 Capital One miles after $4.5K spend in 3 months

No Annual Fee First Year, Then $95

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: Earn up to 200K "miles": 50K after $5K spend in the first 3 months from account opening and an additional 150K after $50K spend in the first 6 months from account opening [Expired 1/27/20]

FM Mini Review: This card is basically the same as the Spark Cash for Business, but rewards are intended to be used to offset travel purchases. One big advantage over cash back: Capital One allows transfering their "miles" to airline miles at a 2 to 1.5 ratio and "miles" can be combined with other cards or other customers.


Card Type: Mastercard

Base
Travel

Earning rate: 2X everywhere ⚬ Earn 5X miles on hotel and rental car
bookings through Capital One Travel

Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ⚬ Convert "miles" to airline miles at a (mostly) 2 to 1.5 ratio ⚬ No foreign transaction fees ⚬ Fee credit for either $85 TSA Pre✓® application fee or $100 Global Entry application fee

Capital One Spark Cash Business Credit Card
$500 Cash back
Earn a one-time bonus: $500 after $4.5K spend in 3 months

No Annual Fee First Year, Then $95

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: Up to $2,000 Cash Back: Earn a one time bonus: $500 after $5K spend in 3 months from account opening and earn an additional $1,500 when you spend $50K in the first 6 months of account opening [Expired 1/27/20]

FM Mini Review: Many cards offer unlimited 2% cash back, but this is the only business card I know of that does so. This is a good option for business owners who prefer simple cash back rewards.


Card Type: Visa Signature

Base
2%

Earning rate: 2% everywhere

Noteworthy perks: No foreign transaction fees

Capital One Savor

FM Mini Review: Excellent cash back card for dining and entertainment spend.


Card Type: Mastercard

Base
1%
Dine
4%
Grocery
2%
Other
4%

Earning rate: 4% cash back on dining and entertainment ⚬ 2% at grocery stores ⚬ 8% back on tickets at Vivid Seats through May 2020 ⚬ 1% everywhere else ⚬ Through 1/31/21: 5% Uber Eats.

Noteworthy perks: No foreign transaction fees

Capital One Venture One Credit Card
20K "miles"
One time bonus: 20K after $1K spend in 3 months from account opening

No Annual Fee

FM Mini Review: Decent welcome bonus for a fee-free card, but other cards offer better rewards for ongoing spend.


Card Type: Visa Signature or Platinum

Base
1.25X
(1.31%)
Other

Earning rate: 1.25X everywhere. Through 1/31/21: 5X Uber Eats.

Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ⚬ Convert "miles" to airline miles at a (mostly) 2 to 1.5 ratio ⚬ No foreign transaction fees

Capital One Spark Miles Select Business Credit Card

FM Mini Review: This card is basically the same as the Spark Cash Select for Business, but rewards are intended to be used to offset travel purchases. This is a good option for business owners who prefer simple rewards with no annual fee, and who value free travel over cash back. If you spend more than $19K per year, though, go for the 2X Spark Miles card.


Card Type: Mastercard

Base
Travel

Earning rate: 1.5X everywhere ⚬ Earn 5X miles on hotel and rental car bookings through Capital One Travel

Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ⚬ Convert "miles" to airline miles at a (mostly) 2 to 1.5 ratio ⚬ No foreign transaction fees

Capital One Spark Cash Select Business Credit Card

FM Mini Review: This is a good option for business owners looking for simple cash back rewards with no annual fee. If you spend more than $19,000 per year, though, you would be better off with the 2% Spark Cash card.


Card Type: Visa Signature

Base
1.5%

Earning rate: 1.5% everywhere

Noteworthy perks: No foreign transaction fees

Capital One Quicksilver
$150 Cash Back
One time bonus: $150 after $500 spend in 3 months from account opening

No Annual Fee

FM Mini Review: While you can do better with a no-fee 2% cash back card, the Quicksilver card often offers excellent discounts with popular services such as Uber or Spotify.


Card Type: Mastercard

Base
1.5%

Earning rate: 1.5% everywhere

Noteworthy perks: No foreign transaction fees

Capital One Savor One
$150 Cash Back
One time bonus: $150 after $500 spend in 3 months from account opening

No Annual Fee


Card Type: Mastercard

Base
1%
Dine
3%
Grocery
2%
Other
3%

Earning rate: ⚬ 3% on dining & entertainment ⚬ 2% on purchases at grocery stores ⚬ 1% everywhere else ⚬ Through 1/31/21: 5% Uber Eats.

Noteworthy perks: No foreign transaction fees

A note about Capital One credit card applications

When you apply for a Capital One credit card, you’ll usually get hard inquiries on all three credit bureau reports (most banks pull from just one or two).  This can be an issue if you already have a lot of inquiries.  Some who apply for cards often like to balance out their inquiries by applying for cards from issuers that pull from different bureaus in order to avoid getting denied for future applications due to “too many recent inquiries”.  If you only apply for a few cards per year, this is probably not going to be an issue for you.  To see which credit bureaus each bank pulls from in your state, search the CreditBoards Credit Pulls Database.

Also note that Capital One does report business credit cards to the credit bureaus.  So, unlike business cards from most other banks, Capital One business cards will count against your 5/24 status which can make it harder to get certain Chase credit cards in the near future.  More info can be found here.

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