2024.10 Replace: Surprisingly, this card has come again! It comes with a $750 welcome provide.
2023.2 Replace: This card is discontinued.
Be taught Extra
Advantages
- $750 provide: earn $750 cashback after spending $7,500 within the first 3 months. That is the most effective provide lately.
- Earn 2% cashback on all purchases.
- You probably have a Capital One Miles incomes card (akin to Capital One Enterprise), then you’ll be able to switch your cashback to Miles and enhance its potential worth.
- No overseas transaction price.
Disadvantages
- $95 annual price, waived for the primary 12 months.
- Capital One will pull all three main credit score bureaus (Experian, TransUnion, Equifax) for one bank card utility!
- Capital One enterprise bank cards WILL be reported to your private credit score historical past (most different banks gained’t report enterprise bank cards to your private credit score report). Subsequently, the stability on this card will have an effect on your private credit score rating, and this card will rely in direction of Chase 5/24.
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 you may also transfer your cashback from a cashback incomes card to a Miles incomes card at any time. Nonetheless, you can’t 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 should you shut the account, however you’ll be able to stop shedding your C1 Miles by shifting the factors to a different C1 card beforehand.
- You probably 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 approach, the worth is about 1.6 cents/level.
- You may redeem your C1 Miles in direction of journey expense at a hard and fast ratio 1.0 cent/level. You can even redeem your C1 Miles in direction of some retailers reward playing cards at a hard and fast raiot 1.0 cent/level.
- You may redeem your C1 Miles in direction of assertion credit score at a hard and fast ratio 0.5 cents/level.
- In abstract, we estimate that C1 Miles are price about 1.6 cents/level.
Advisable Utility Time
- We suggest you apply for this card after you could have a credit score historical past of no less than two years and you might be very comfy with the bank card sport.
- [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 computerized denial should you violate this rule, however there can be no laborious pull.
Abstract
This card is similar to Capital One Spark Miles. The most important distinction is: this can be a cashback incomes card whereas Spark Miles is a Miles earnings card. Cashback will be transformed to Miles, however Miles can’t be transformed to cashback. Subsequently cashback card is healthier within the Capital One system. The welcome provide is absolutely good. In 2021, Capital One improved its Miles system quite a bit, which makes this card extra invaluable. Now that C1 Miles are valued greater than 1 cent/level, its the whole lot 2x incomes construction is enticing. The incomes construction on itself is just like Citi Double Money (DC) within the TYP system, and this card has an annual price, however C1 Miles system has different good playing cards which have a superb incomes price to work collectively. Notice that Capital One will pull all three main credit score bureaus (Experian, TransUnion, Equifax) for one bank card utility, and it is vitally troublesome to get permitted in case you have loads of current laborious pulls.
Associated Credit score Playing cards
Historic Provides Chart
Notice: Generally there are $500+$1500 provide on this card. However the spending necessities after the primary $500 are enormous, so we don’t deal with them as sign-up bonus, we deal with them as spending bonus as a substitute.