5 Reasons Why People with Excellent Credit Should Choose Capital One Cash Rewards Credit Card
Guest post by Brenda Lyttle
Having an excellent credit rating not only ensures that you enjoy lower interest rates, but also entitles you to a host of other credit card offers and exciting cash back deals. Capital One Cash Rewards credit card is an excellent option for people who toil to maintain great credit and thereby fairly deserve to earn reward on almost every dollar spent by them.
The best part about this card is the annual 50% bonus it offers to its consumers, which gives it a clear edge over its competitors. Apart from this, you can count many more reasons why of all the top Capital One cards, Capital One Cash Rewards is the best if you’re enjoying the privilege of 700+ credit score. Let us get started….
1. No Annual Fee
What is that one thing about credit cards that always bothers you? Yes, it is the annual credit card fee. You will be relieved to find out that the Capital One Cash Rewards credit card comes without any mandatory annual fee.
2. $100 Cash Back In First 3 Months
You will receive cash back of $100 when you use your Capital One Cash Rewards credit card to make purchases in the first 3 months and if your total expenses are $500, minimum. Now that translates to a 20% discount. Moreover, an expense of $500 within a three month’s period is not that big a deal.
3. 0% Introductory APR
Planning to go on a shopping spree with your Capital One Cash Rewards credit card? Or do you have high debt on another credit card that you want to transfer to the Capital One Cash Rewards credit card? Well, the Capital One Cash Rewards credit card comes with a 0% introductory APR till June 2013 and it will help you in paying these off. You don’t have to pay extra cash in the form of interest. This is, of course, contingent to the fact that you are paying the minimum monthly amount on your card statement on time.
Be advised that this offer is valid only till June 2013. Beyond that, you will have to pay anything between 12.9% and 20.9% as interest, depending on your credit performance situation.
4. 1% Cash Back
No matter what you purchase with your Capital One Cash Rewards credit card, you will enjoy 1% cash back for each and every one of them, throughout the year.
5. 50% Bonus Cash Back On Your Cash Back
Imagine the joy of getting cash back that is appreciated by an additional 50% without any investment from your side. Yes, Capital One Cash Rewards credit card offers this to you. For example, if you have received cash back worth $400 during a year, your actual cash back amount will be appreciated by $200.
Be advised, in this case, one year period is calculated from your date of membership of the Capital One Cash Rewards credit card.
The Capital One Cash Rewards credit card is indeed one of the best cash back credit cards in the market.
Brenda Lyttle is a finance expert and specializes in credit card issues. She recommends that you keep a record of all your Capital One credit card data as you use it along the way. This can be really helpful if you are stuck with any unforeseen credit card issues in future.