2023.6 Replace: There’s 100k provide now.
Be taught Extra
Advantages
- 100k provide: earn 100,000 miles after spending $5,000 in first 3 months. That is the very best provide on this card.
- The general worth of Capital One Miles is 1.6 cent/level. See under for a quick introduction. Due to this fact the 100k highest provide is value about $1,600!
- Earn 2x Miles on all purchases.
- As much as $100 credit score for World Entry or TSA Precheck software charge.
- No overseas transaction charge.
Disadvantages
- $95 annual charge, NOT waived for the primary 12 months. (Earlier than 2017.10, the annual charge was $59)
- 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 may earn C1 Miles with two sorts of playing cards: Miles incomes playing cards, or cashback earninng playing cards. Miles incomes playing cards primarily embrace: Capital One Enterprise Rewards Credit score Card, Capital One VentureOne Rewards Credit score Card, Capital One Spark Miles for Enterprise. Cashback incomes playing cards primarily embrace: Capital One Savor Money Rewards Credit score Card, Capital One SavorOne Money Rewards Credit score Card, Capital One Quicksilver Money Rewards Credit score Card, Capital One Spark Money Plus and so forth.
- You may transfer your C1 Miles from one Miles incomes card to a different Miles incomes card at any time, and it’s also possible to transfer your cashback from a cashback incomes card to a Miles incomes card at any time. Nonetheless, you cannot transfer your Miles from a Miles incomes card to a cashback incomes card, due to this fact 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 should you shut the account, however you’ll be able to stop dropping your C1 Miles by transferring the factors to a different C1 card beforehand.
- In case you have a Miles incomes card, C1 Miles will 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 forth. When you use C1 Miles on this manner, the worth is about 1.6 cents/level.
- You may redeem your C1 Miles in the direction of journey expense at a hard and fast ratio 1.0 cent/level. It’s also possible to redeem your C1 Miles in the direction of some retailers present playing cards at a hard and fast raiot 1.0 cent/level.
- You may redeem your C1 Miles in the direction of assertion credit score at a hard and fast ratio 0.5 cents/level.
- In abstract, we estimate that C1 Miles are value about 1.6 cents/level.
Advisable Utility Time
- We advocate you apply for this card after you’ve gotten a credit score historical past of a minimum of two years and you might be very comfy with the bank card recreation.
- [1/6 rule] You may solely apply for 1 Capital One bank card for each 6 months, together with each private and enterprise bank cards. You’ll get automated denial should you violate this rule, however there will probably be no onerous pull.
Abstract
In 2021, Capital One improved its Miles system quite a bit, which makes this card extra beneficial. Now that C1 Miles are valued greater than 1 cent/level, its the whole lot 2x incomes construction is engaging. The incomes construction on itself is much like Citi Double Money (DC) within the TYP system, and this card has an annual charge, however C1 Miles system has different good playing cards which have incomes fee to work collectively. Observe that Capital One will pull all three main credit score bureaus (Experian, TransUnion, Equifax) for one bank card software, and it is rather troublesome to get accredited if in case you have a variety of latest onerous pulls. When you don’t need this card after one 12 months, you’ll be able to downgrade it to Capital One VentureOne.
Associated Credit score Playing cards
Advisable Downgrade Choices
Historic Provides Chart
Observe: Generally there are affords comparable to 50k+50k on this card, however the spending necessities after the latter half are large. Due to this fact, we don’t deal with them as sign-up bonus.