Capital One Cash Credit Card: Rates

Before anything else, let’s talk about the rates. In terms of the annual percentage rate or APR for purchases, it is 0% intro until August of the year 2013 and after that time it will then be 12.9%-20.9%. For the transfer APR, the intro rate is also 0% until 2013 with the same variable APR as the purchase rate. Annual percentage rate on cash advance is 24.9% variable and the grace period of this card is 25 days on all purchases. And lastly, there is no membership fee.

Key Benefits and Rewards

Those who will have Capital One cash credit card will be able to enjoy and make use of a 50% bonus on all the cash backs the owner will earn each year. He or she will also have 1% cash back on the purchases he or she will make. The best thing about this is that thon points earned will be unlimited and will not expire. And the most important factor to remember is their one-time $100 bonus when the account owner will spend or use $500 during the first three months. So those who are always using the card will really be able to earn the bonus and eventually spend it.

This card was created for students with average or limited credit who are looking to build up a strong foundation in their credit history – all in effect while getting rewards for it. Students can gain access to their credit score every month online. This is made possible through the use of an interactive tracking tool. The credit scores are a means for students to make the right decisions, since this affects the creditor’s ability to give out loans or credit. At no additional cost, text alerts are also provided to keep students on track of their expenses.

Rewards are surely a thing of joy, especially for the busy college student who’s away from home. For every purchase you make, you get a cash back of 1%. This includes purchases on gas and textbooks among others. As an added bonus, you get a whopping 25% in cash back rewards every time you pay your bills on time every month. This way, you get rewarded for the good management of your card, further benefiting your credit history.

Once you’ve accumulated enough points, you can redeem them to make purchases from Capital One’s gift cards. You can also jut choose to add the rewards amount to your account, or cash it out so you can buy whatever you want. Redemption of these points can be done online or through a phonecall. To make things easier, you can pre-set a redemption threshold so that you will automatically get your reward the way you want it once it reaches that threshold.

Here’s another perk for you. When you shop at Capital One’s Perk Central retail network, you can get 15% more in cash back bonuses. Plus, this bonus has no expiration period, so just keep locking in those purchases for a greater return of your money.

Credit Card Rates

There is no annual membership fee for this card, but other fees and penalties may apply. The purchase and transfer APRs are both at 19.8%, while the cash advance APR is at 24.9% APR. You will be allowed a grace period of 25 days to pay off your bill in full.

While student credit cards normally doesn’t have as many perks as regular credit cards do, they provide a very good way for the younger generation to handle their finances effectively. Give them the Journey Rewards Student credit card, and they’ll be getting more than just the rewards. They will earn a lifetime of good money management.

Here’s the thing, aside from getting a 50% bonus every year on the amount of cash back that you’ve earned, you can also get a one-time $100 bonus for all new account openers. You can get your extra $100 after you’ve spend $500 using your card for the first 3 months of card opening. You can also enjoy a regular cash back of 1% on every purchase that you make. The good thing is, you can get your cash back at any time that you want it, however you want it.

Capital One’s Cash Credit Card also offers a low APR – in fact, it offers a 0% APR up until December 2012. So if you open your card this January, you can use this card to transfer any balance you might have on an existing credit card without having to worry about growing interest. Transfer APR is also 0% until December 2012. After that, a variable rate of 14.9 -20.9% will apply. One more perk that the card offers is that consumers get to have a grace period of 25 days on purchases. So if you’ve spent more than you can afford on a particular month, you’re given an extra 25 days to come up with the money.

Other Benefits

The card also offers other benefits such as a $0 Fraud Liability if your card has been stolen or used without your authorization. You also get 24 hour travel assistance. As for those who love to shop big, the card has no pre-set spending limit, giving you the flexibility to make the purchases that you want.

Capital One’s Card isn’t called a Cash Credit Card for nothing because it really offers more on your cash. With a welcome bonus, 0% introductory APRs, plus that 50% bonus cash back, your credit card life is sure to be looking up this 2012.

All other major banks and institutions have been cutting their rates and offering less than Sallie’s 1.40%. Readysaver.com paid a nice 2.00% APY in March, down now to 1.35% APY. Bank of America only offers up to 0.35% on some of their savings accounts, much less than Sallie’s 1.40%.

Even Ally who offers some of the better rates for their 12 month CD, currently paying 1.34%, offers a decent 1.24% savings account, much higher than big banks.

Here are some of the nation’s best available returns on Savings Accounts:

• 1.30% APY from Capital One Direct Bank. Requires a minimum deposit of $1,000 and has an added bonus of their InterestPlus Online Savings account which pays a 10% bonus on the interest you earn.
• 1.30% APY from American Express Bank. A stable bank owned by the major credit card company.
• 1.25% APY from Discover Bank. Requires a minimum of $500 and is also owned by the major credit card company, Discover Card.

The difference with saving account rates is their ability to go down at any time, they are variable based on the bank. Most CD rates are locked at the specific interest rate for the specified time and cannot go down within that time frame.

With a savings account your money is never locked up. You have no early withdrawal penalties and can take your money out at any time. You can always move your money to a more lucrative investment if one comes around, but for the time being it’s a good time to take advantage of these top savings accounts.

Here is a list of the highest Savings Accounts Nationally:

• 1.50% APY with a minimum deposit of $1 from Readysaver.com. Southern Community Bank and Trust operates the website.
• Sallie Mae Bank is offering 1.40% APY savings account with no minimum deposit. This is an online bank owned by the leader in student loans.
• NewDominon Bank is also offering 1.40% APY savings account with a minimum deposit of $1,500. NewDominon Bank is located in Charlotte and Mooresville, NC. They have a $10 monthly service fee for any savings account under $1,000.
• Capital One Bank is offering 1.35% APY with a minimum deposit of $1,000. They have 700 branches in New York, New Jersey, Connecticut, Louisiana and Texas. They have an InterestPlus Online Savings that also pays a 10% bonus on ‘interest earned’ for qualifying accounts.
• Discover Bank is also offering 1.35% APY with a minimum deposit of $500.

Capture these returns or learn more about savings rates and CD rates from our database of CDs.