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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.
Finding the Best Mileage Cards
You may notice all the great incentives that the major airlines are offering with their own mileage cards, however, you may learn if you investigate a bit more than you can find some even better deals for your choice of mileage cards. Many people are now choosing these mileage cards over the major airline cards and with good reason.
The mileage cards that are so popular are the ones that allow you to earn air miles or points when you make purchases with your mileage card, sometimes even doubling the benefits. What this really means is that you, in some cases, can earn points in two separate ways on the same flight, if you use your mileage card to book the flight. These points or air miles that you earn are not just good for redeeming toward an airline ticket but can also be used for hotel accommodations or car rentals. Some of these unique mileage cards can earn you points when you purchase items from some retailers and even food at restaurants that have nothing whatsoever to do with your trip.
There are four major types of mileage cards, which people use when traveling. You may wish to choose a mileage card that has collaborated with your favorite airline or hotel chain. If you only use one airline or prefer a certain hotel, this is probably your best bet. Even major credit card companies such as Visa, MasterCard, Discover, American Express, and Diners Club also offer mileage cards with many great incentives and benefits and normally have more freedom when it comes to choosing an airline or hotel for your stay. Your own bank may also offer mileage cards with their own set of benefits. Some people just prefer to use their debit card, which normally does not have any type of rewards for benefits.
It can be very hard to decide which mileage cards are best for you and your particular lifestyle, so you may wish to read all the fine print to learn about the pros and cons of each mileage card before you apply.
As for airlines that offer mileage cards, American Airlines and United Airlines, both offer mileage cards. American Airlines along with Citibank offers the AAdvantage mile program. With this mileage card, you earn one AAdvantage mile for every dollar you charge on your mileage card. The United Airlines Card is known as the Mileage Plus First Card, which offers close to the same. Other airlines that also offer mileage cards include Northwest with the WorldPerks Visa and Delta Airlines with the American Express Optima.
There are many great incentives and benefits offered with mileage cards but these are usually only for people that travel quite a bit. The fees annually can be very expensive from $25 to $125. Not only are the annual fees more expensive but the interest rates are normally around 17% as well.
Now you must decide whether your travel habits will aid you in receiving the benefits from mileage cards so you can earn that great vacation.