![]() If you have the card_name along with one of these cards, it’s possible to convert your cash back into Capital One miles. There are many Capital One cash-back credit cards, such as the card_name and the card_name. Ability to convert cash back into travel rewards Credit card interest rates are often cripplingly high, so this provides you some breathing room to pay down your bill before getting hit with big fees. This is an excellent feature that helps you to save a lot of money if you’ve got an upcoming expense that you think you won’t be able to pay off for a while. You’ll pay a 3% fee on the amounts transferred within the first 15 months. The card_name offers intro_apr_rate,intro_apr_duration and balance_transfer_intro_apr,balance_transfer_intro_duration (then reg_apr,reg_apr_type). Late payments: You’ll be charged cash_advance_fee for payments that post after your due date.Īdditional hidden perks 0% intro APR offer.You’ll also pay cash_advance_apr, which will begin accruing the same day you initiate the cash advance. Cash advances: You’ll pay either $3 or 3% of the total transaction when requesting a cash advance.This will likely negate any rewards you earn from spending, so it’s a bad idea to use the card if you don’t think you can pay off your bill each month. Carrying a balance: You’ll pay an annual percentage rate (APR) of reg_apr,reg_apr_type when you carry a balance month to month.However, you should expect to be charged for things like: In addition to no annual fee, card_name also waives foreign transaction fees, which makes it a solid card to use overseas. Or, you could transfer 15,000 points to Wyndham for a night in a one bedroom Vacasa vacation rental (which can cost hundreds of dollars per night). By converting your points into airline miles and hotel points, you can travel for pennies on the dollar.įor example, you can transfer 20,000 Capital One miles to Avianca for a one way flight between Washington, D.C., and London on United Airlines. Capital One partners with loyalty programs such as Air Canada Aeroplan, Avianca, and Wyndham. This last bullet is the best way to squeeze the most value from your rewards. Transfer them to airline and hotel partners for a potential value of 2+ cents each.Redeem them as a statement credit to offset travel purchased with your card at a rate of 1 cent each.Use them to offset your Amazon cart at a rate of 0.8 cents each.Cash them out at a rate of 0.5 cents each.There are several ways to use these rewards: The card also earns 5 miles per dollar on hotels and car rentals reserved through Capital One Travel and 1.25 miles per dollar for all other eligible purchases. That’s worth at least $200 in travel and potentially a lot more if you know how to maximize Capital One miles (we’ll discuss this in a minute). The card_name comes with bonus_miles_full. If you’re already an award-travel aficionado, or if you travel frequently, there are better cards with higher welcome bonuses, more potent return rates, and stronger travel benefits that you should look at instead. You won’t have to keep track of complicated spending categories or rotating bonuses. If you find them unwieldy, no harm done.įinally, the card has a very straightforward earning rate. You can test-drive Capital One miles to see how difficult they are to earn and redeem with no financial commitment. That makes the card appealing for skeptics convinced there’s no such thing as a free lunch. ![]() They’re extremely easy to use, so you don’t have to put in long hours of research to get free airfare, hotel stays, rental cars, etc.Īlso, card_name does not charge an annual fee. There are a few reasons for this.įirst, the card earns Capital One miles, which can help you travel on the cheap. The card_name is ideal for a beginner who’s curious about travel rewards.
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