Capital One® Credit Cards: Everything You Need to Know

If you’re looking for a credit card that meets your needs, Capital One has 13 main options to choose from.

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If you've never heard of Capital One before, then kudos; the rock you've been living under must be fantastic.

Their commercials are everywhere, and it's hard to avoid getting pre-approved offers in the mail if your credit score is high enough.

Capital One is one of the major credit card companies out there, and what follows is the most comprehensive guide of their services that you'll find anywhere on the web.

Who is Capital One?

Capital One was founded in 1988 by Richard Fairbank based on the belief that that he could provide customized financial products to his customers.

What started as a small bank division is now a Fortune 500 company with branches in New York, the District of Columbia, Texas, and several other states.

The company has won dozens of awards not only for their workplace, but also for their leadership and community relations.

Americans who prefer Capital One Bank 2016-2017

What kind of cards does Capital One offer?

Capital One offers twelve different types of credit cards:

  • Venture Rewards
  • VentureOne Rewards
  • Quicksilver Rewards
  • QuicksilverOne Rewards
  • Platinum
  • Journey Student Rewards
  • Secured Mastercard
  • Spark Cash for Business
  • Spark Select Cash for Business
  • Spark Miles for Business
  • Spark Miles Select for Business
  • Spark Classic for Business

The company has a credit card to fit every situation and need, whether you are looking for your first credit card, or you're looking for a card to yield the best bonuses.

Venture Rewards

Capital One® Venture® Rewards
Apply Now
On Capital One’s secure website
Capital One® Venture® Rewards
Apply Now
On Capital One’s secure website
Earn unlimited 2X miles on every purchase, every day
  • Intro APR
    N/A
  • Regular APR
    14.74% - 24.74% variable APR
  • Annual fee
    See Terms
  • Credit level
    Excellent or higher

The Venture Rewards card is only for those with excellent credit.

It's one of the highest rated travel rewards credit cards on the market, providing unlimited rewards and 40,000 bonus miles if you meet the criteria.

Every dollar spent is equal to 2 miles or provides a 1:1 ratio for travel rewards.

Another benefit of the Venture Rewards card is the lack of foreign transaction fees, fraud coverage, and other features like concierge services.

94% of customers recommend the Venture Rewards card.

VentureOne Rewards

Capital One® VentureOne® Rewards
Apply Now
On Capital One’s secure website
Capital One® VentureOne® Rewards
Apply Now
On Capital One’s secure website
Earn unlimited 1.25 miles per dollar on every purchase, every day with no annual fee
  • Intro APR
    N/A
  • Regular APR
    0% intro APR for 12 months; 13.74% - 23.74% variable APR after that
  • Annual fee
    See Terms
  • Credit level
    Excellent or higher

While the VentureOne Rewards card requires excellent credit, it provides less rewards than the Venture Reward card.

The VentureOne card gives 1.25 miles for every dollar spent, or $1 in travel rewards for every dollar spent.

There is a 20,000 mile sign-up bonus, provided you spend $1,000 within the first three months of having the card.

A major benefit of this card is the $0 annual fee.

Like the Venture Rewards card, the VentureOne card has no foreign transaction fees, fraud protection, and additional features like concierge services, emergency card replacement, and more.

Quicksilver Rewards

Capital One® Quicksilver® Rewards
Apply Now
On Capital One’s secure website
Capital One® Quicksilver® Rewards
Apply Now
On Capital One’s secure website
Earn unlimited 1.5% cash back on every purchase, every day
  • Intro APR
    N/A
  • Regular APR
    0% intro APR for 15 months; 14.74% - 24.74% variable APR after that
  • Annual fee
    See Terms
  • Credit level
    Excellent or higher

Like the other high-value rewards cards offered by Capital One, the Quicksilver requires an excellent credit rating in order to qualify.

The Quicksilver provides cash back rewards on every purchase with no upper limit.

You earn 1.5% for every dollar spent, as well as a one-time $100 cash bonus if you spend $500 within the first three months of receiving the card.

There is no annual fee to continue using the card.

This card provides cardholders with up to $1,500 in travel protection, complimentary concierge services, and price protection within 120 days of purchase.

QuicksilverOne Rewards

Capital One® QuicksilverOne® Rewards
Apply Now
On Capital One’s secure website
Capital One® QuicksilverOne® Rewards
Apply Now
On Capital One’s secure website
Earn unlimited 1.5% cash back on every purchase, every day
  • Intro APR
    N/A
  • Regular APR
    24.99% variable APR
  • Annual fee
    $39
  • Credit level
    Average or higher

The QuicksilverOne Rewards card is a great choice for those with middling credit, as it only requires an average credit score for approval.

There is no signup bonus, but you receive 1.5% cash back on all purchases.

The QuicksilverOne has an annual fee of $39 and starts off at a lower credit limit, but increases if you make your first five payments on time.

95% of customers recommend the card, and it includes bonus features like auto rental insurance, travel accident insurance, and 24/7 roadside assistance.

Platinum

Capital One® Platinum
Apply Now
On Capital One’s secure website
Capital One® Platinum
Apply Now
On Capital One’s secure website
Enjoy no annual fee, plus access to valuable benefits
  • Intro APR
    N/A
  • Regular APR
    24.99% variable APR
  • Annual fee
    See Terms
  • Credit level
    Average or higher

Capital One's Platinum card is the perfect option for people trying to build their credit.

It requires only average credit to qualify and grants access to a higher credit line if you make the first five payments on-time

The card also has no annual fees, and the CreditWise program available to all Capital One customers is a useful tool for tracking and improving your credit score.

The Platinum card is recommended by 93% of customers.

Journey Student Rewards

Capital One® Journey® Student Rewards
Apply Now
On Capital One’s secure website
Capital One® Journey® Student Rewards
Apply Now
On Capital One’s secure website
Students, build credit with responsible use and earn cash back
  • Intro APR
    N/A
  • Regular APR
    24.99% variable APR
  • Annual fee
    See Terms
  • Credit level
    Average or higher

The Journey Student Rewards card is great for students.

A low starting credit limit and repayment incentives teach cardholders how to be financially responsible.

While cardholders earn 1% cash back on all purchases, if they pay on time that month then the cash back bonus increases to 1.25%.

There are no foreign transaction fees, which makes this a solid choice for any student studying abroad.

The $0 annual fee removes any burdens that come as a result of card ownership, and if a cardholder continues to make payments on time, their credit limit will increase.

The included benefits aren't as extensive as some of the other cards, but still provides access to 24/7 travel assistance, travel insurance, and auto rental insurance.

Most Popular Destinations for U.S. Students Studying Abroad in 2016

Secured Mastercard

Capital One® Secured Mastercard®
Apply Now
On Capital One’s secure website
Capital One® Secured Mastercard®
Apply Now
On Capital One’s secure website
Take control and build your credit with responsible use
  • Intro APR
    N/A
  • Regular APR
    24.99% variable APR
  • Annual fee
    See Terms
  • Credit level
    Rebuilding or higher

The Secured Mastercard is a bit different than the other cards on the list in that it is designed for people with poor credit.

It requires a refundable security deposit of $49, $99, or $200 based on your credit rating.

The initial credit line is just $200, but the line can be increased if you make a larger deposit amount or if you make your first five payments on time.

There is no annual fee to use this card, and like every other Capital One card, it grants access to the CreditWise system to help you monitor and improve your overall credit score.

Spark Business Rewards Cards

Capital One® Spark® Cash
Apply Now
On Capital One’s secure website
Capital One® Spark® Cash
Apply Now
On Capital One’s secure website
Earn unlimited 2% cash back on every purchase for your business
  • Intro APR
    N/A
  • Regular APR
    18.74% variable APR
  • Annual fee
    See Terms
  • Credit level
    Any or higher

The Spark Business Reward cards are similar to those offered above, but are all aimed at business expenses.

These cards don't apply to the majority of readers, but the cards are almost identical to the consumer cards with the exception of the eligible expenses.

Average cost of U.S. International Business Trips from 2013-2017

Frequently Asked Questions

  • Who is eligible?

    Eligibility differs depending on the specific card you apply for. High-yield reward cards often require excellent credit, limiting eligibility only to those with a score of 720 or higher.

    However, other cards only require average credit—a range of 630-689 or higher.

    Capital One also offers its Secured Mastercard for those with poor credit that need to rebuild their rating.

  • How are Capital One cards different from others?

    Capital One sets itself apart by offering a variety of card types so that nearly anyone, regardless of income or credit rating, has a chance of approval.

    Capital One also has some of the best reward cards of any on the market.

    Their Venture Rewards card has the best rewards of any travel card out there: 2 miles for every dollar spent and a 40,000 mile bonus.

    Capital One's dedication to excellence is one of the factors that sets the company apart from its competition.

    Capital One as a company also differs in that they offer traditional checking and savings accounts with no overhead and no fees.

    The Capital One 360 checking account has a 0.75% APY and no foreign transaction fees.

  • What kind of consumer would benefit most from Capital One?

    While Capital One has a card for every type of consumer, those that benefit most are people who travel often for business, especially internationally.

    The lack of foreign transaction fees is a benefit, as are the layers of fraud protection.

    Capital One provides interactive alerts, and if the card does get stolen, the $0 fraud liability protects you from any expenses.

    Capital One also contacts customers when suspicious activity is detected on their account (when I traveled to Vietnam, Capital One locked my account and contacted me to verify the activity was legitimate.)

  • What are the risks of carrying a Capital One card?

    The risks of owning a Capital One credit card are the same as with any other card.

    Interest rates can be high, and a lack of discipline can result in overspending and burying yourself in credit card debt.

    However, as long as you are careful to make your payments on time and only spend as much as you can afford to repay, there is little risk to owning a card—and quite a bit of reward.

    The cash back and miles can be redeemed, and regular on time payments build your credit.

  • What fees are associated with Capital One?

    Depending on the card, there may or may not be an annual fee.

    If you miss a payment, you may have to pay late fees.

    There are also fees such as interest payments (and overdraft payments if you have a Capital One 360 account.)

  • How do I apply?

    The easiest and most common way to apply for a Capital One card is via their secure signup form.

    The form asks you to fill in your first and last name, date of birth, social security number, whether you are a US citizen or not, your contact information, email address, phone number, and financial information.

  • How long will it take to receive my card?

    After you successfully sign up, Capital One will reach out to you within seven to ten days with your card, or information on why you were denied approval.

  • Is there an expiry date to the rewards offered?

    No, your rewards will not expire so long as you keep your account open and in good standing.

  • What is the card’s fraud protection policy?

    Capital One associates are required to complete annual security training. Safeguards are put in place to protect your information. If you believe you are a victim of credit card fraud, Capital One urges you to contact them immediately.

  • Which credit bureaus does Capital One report to?

    Capital One reports to all three credit bureaus.

  • I already have a credit card with Capital One. Can I apply for a second one?

    Capital One allows each cardholder to have two Capital One cards.

  • Does Capital One offer any credit cards to help build credit?

    Yes. The Capital One Platinum card is a good choice for building credit, but you do have options. Visit Capital One’s website to view all of your options.

Conclusion

There are a number of different credit card companies out there, but Capital One is one of the most well-known and varied companies.

Whether you're just applying for the first credit card or you're looking for something to make the most of your expenditure, Capital One is a great choice.

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