Tag Archives: rewards
Capital One No Hassle MILES Rewards vs Capital One No Hassle CASH Rewards
Capital One introduces two reward credit cards that are designed to suit your needs and lifestyle the Capital One No Hassle Miles (SM) Rewards and the Capital One No Hassle Cash (SM) Rewards. Lets take a look at what each of these credit card rewards.
Capital One No Hassle Cash (SM) Rewards
This cash-reward credit card from Capital One offers a 1% rebate on purchases and a 25% bonus on the total cash you earned for the previous year. You can earn as much cash back rewards as you can as this credit card does not impose limits, expiration dates or minimum purchases to be eligible for the rewards.
Aside from this cash-reward program, this credit card also comes with privileges that exclusive only to Capital One card holders. Benefits include emergency card replacement, auto rental insurance, and extended warranties for purchases. All card holders are also entitled to exclusive savings from Capital One Saving Zone (SM) on Yahoo! Shopping.
The Capital One No Hassle Miles Rewards
Capital Ones travel reward credit card offers its cardholders 1.25 miles points for every spent on the card. Aside from travel points, a 1% cash back is also given on purchases plus a 25% bonus on the total cash earned the previous year. Just like the Capital One No Hassle Cash (SM) Rewards credit card, there are no limits on the rewards you can earn, no minimum charges required and no blackout dates.
The miles points you earn can be redeemed in five ways. You can exchange it for cash, exchange it for merchandise, donate your points to a charity, exchange them for gift certificate rewards or travel free to your choice of destination. To travel for free, you should have at least gathered 15,000 miles points in your account.
This credit card has no annual fee and it comes with a 0% introductory rate on purchases until July 2008. When the introductory period expires, the interest rate on both purchases and balance transfers still remains reasonable.
Capital One No Hassle Miles Rewards vs Capital One No Hassle Cash Rewards
Certainly both cards are worth choosing but which one should you pick? If youre the type of card holder who wants to carry balances over to the next billing cycle, the Cash Rewards card can also work for you. If youre interested in a chance to travel for free or if youre frequent traveler, then you should definitely take advantage of the Capital One No Hassle Miles (SM) Rewards card.
Dont forget that Capital Ones No Hassle Miles (SM) Rewards card also awards cash points and bonuses aside from travel points. Also, if you dont want to go on a travel or if you didnt gather enough miles points, you can always exchange them for cash-back, merchandise, gift certificate or a charity donation. Check out the complete list of their terms and conditions which can be found in Capital Ones website.
How to Choose the Right College Credit Card for You
Credit cards are a huge industry. Everybody who can get one or two or 10, uses them because they are a great convenience. But there are so many credit cards being offered to students these days that it might seem nearly impossible to choose the right college credit card for you. But it is very important to investigate and to choose carefully to make sure you end up with the best deal you can find.
It’s also important not to go overboard and get a half dozen cards or more. It is very easy to get yourself into serious financial trouble before you realize it. It is so easy to use the cards when you want something – but then the bills start coming and getting bigger and bigger.
The interest rate that a college credit card charges is a critical factor in your considerations. Let’s face it, when you make a purchase on a college credit card you are actually borrowing money from the credit card issuer. They will want it back – with interest. So you must pay a monthly interest rate on this loan unless you pay your balance off in full every month.
Naturally, the best option is to pay off the credit card every month, but sometimes that just isn’t going to happen, so you want to get a college credit card with the lowest annual percentage rate and the longest 0% interest introductory period. The majority of college credit cards will be very similar in these two regards so the next point to consider is what kind of rewards you receive for using the credit card.
For many students, college credit cards are the first ‘real’ credit cards that they have gotten and they may not know what types of reward would be the best to look for. Generally, the three main reward types that will be most valuable for students are:
* Cash Back
* Frequent flyer miles
* Free gas
Cash back on a college credit card is actually a kind of points system. As you spend money these points accumulate on your college credit card account. Then they can be exchanged for cash, gift certificates or special discounts at popular outlets and stores. While the amount of ‘cash back’ that you get as a college credit card reward might seem small, remember that every little bit helps and you will soon be racking it up.
If you have cash available to pay for items like books and other necessities, you can use your card instead and then pay off the bill as soon as it comes. This does two important things for you. First, it helps build your credit history in a very positive way. Second, it accelerates your rewards. BUT, you must pay it off, don’t spend that cash on something else and end up paying interest. You have to keep your finances under strict control.
Frequent flyer miles could be the best rewards to have with a college credit card if you attend a college a long distance from your home. As you use your college credit card you accumulate frequent flyer miles that you can later exchange for flights back home – or wherever you want to go. Unlike the airline reward schemes, normally credit card frequent flyer miles can be used on any participating airline, worldwide.
Free gas when you use your college credit card could be your best option if you have your own car. Gas prices keep getting higher and some college credit cards offer rewards that can help with the rising costs of operating a car by providing rebates for gas station purchases. These free gas college credit cards may also offer discounts and points towards other motoring related items so it can be well worth your time to compare the different programs available.
With careful research, a little good sense, and careful attention to your finances, your college credit card can definitely help make your college years easier and give you a great head start on an excellent credit rating.