2025.8 Replace: The brand new provide is 20k+$100.
2023.5 Replace: The 40k provide is not obtainable. The present provide is 20k.
2023.2 Replace: There’s a 40k provide on this card.
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Advantages
- 20k+$100 provide: earn 20,000 Capital One Miles after spending $500 in first 3 months. Plus, get pleasure from a $100 credit score to make use of in direction of flights, stays and rental vehicles booked via Capital One Journey throughout your first cardholder 12 months. The current finest provide is 40k.
- Earn 5X miles on motels, trip leases and rental vehicles booked via Capital One Journey; earn limitless 1.25X miles on each buy, each day.
- The general worth of Capital One Miles is 1.6 cent/level. See under for a short introduction.
- No international transaction payment.
- No annual payment.
Disadvantages
- Capital One will pull all three main credit score bureaus (Experian, TransUnion, Equifax) for one bank card software!
Introduction to Capital One (C1) Miles
- You’ll be able to earn C1 Miles with two sorts of playing cards: Miles incomes playing cards, or cashback earninng playing cards. Miles incomes playing cards primarily embody: Capital One Venture Rewards Credit Card, Capital One VentureOne Rewards Credit Card, Capital One Spark Miles for Business. Cashback incomes playing cards primarily embody: Capital One Savor Cash Rewards Credit Card, Capital One SavorOne Cash Rewards Credit Card, Capital One Quicksilver Cash Rewards Credit Card, Capital One Spark Cash Plus and so on.
- You’ll be able to transfer your C1 Miles from one Miles incomes card to a different Miles incomes card at any time, and you can even transfer your cashback from a cashback incomes card to a Miles incomes card at any time. Nevertheless, you cannot transfer your Miles from a Miles incomes card to a cashback incomes card, subsequently cashback is extra versatile than Miles in C1’s system.
- C1 Miles by no means expire. You’ll lose the C1 Miles on one card when you shut the account, however you possibly can forestall dropping your C1 Miles by transferring the factors to a different C1 card beforehand.
- If in case you have a Miles incomes card, C1 Miles could be transferred to some airline miles and resort factors. Some good 1:1 switch choices are: Air Canada (AC) (Star Alliance), Avianca (AV) (Star Alliance), Asia Miles (CX) (Oneworld), British Airways (BA), and Wyndham resort factors, and so on. In case you use C1 Miles on this method, the worth is about 1.6 cents/level.
- You’ll be able to redeem your C1 Miles in direction of journey expense at a set ratio 1.0 cent/level. It’s also possible to redeem your C1 Miles in direction of some retailers reward playing cards at a set raiot 1.0 cent/level.
- You’ll be able to redeem your C1 Miles in direction of assertion credit score at a set ratio 0.5 cents/level.
- In abstract, we estimate that C1 Miles are price about 1.6 cents/level.
Beneficial Utility Time
- We advocate you apply for this card after you will have a credit score historical past of at the least two years and you’re very snug with the bank card sport.
- [1/6 rule] You’ll be able to solely apply for 1 Capital One bank card for each 6 months, together with each private and enterprise bank cards. You’re going to get computerized denial when you violate this rule, however there will probably be no exhausting pull.
Abstract
The welcome provide is fairly good for a no annual payment card. If you wish to earn loads of Capital One Miles, perhaps Capital One Enterprise of Enterprise X is extra appropriate. However what’s good about this card is it has no annual payment, so it’s an excellent downgrade possibility. You need to be cautious that Capital One will pull all three main credit score bureaus (Experian, TransUnion, Equifax) for one bank card software (see Characteristics of Major Banks for extra particulars).
Associated Credit score Playing cards
Historic Affords Chart
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