8 Best Capital One Credit Cards of February 2024

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Contributor, Benzinga
February 6, 2024

When it comes to credit cards, Capital One is a household name. Whether you’ve received a prequalified offer in the mail or just enjoyed the commercials, you may be curious about these cards and whether they're worth the hype. In short, for many consumers, the answer is yes. Capital One offers many types of credit cards, each of which can serve a unique purpose. Here are some of the best Capital One credit cards to consider this year, with a comprehensive guide to choosing the best card for your financial goals. 

Quick Look: Best Capital One Credit Cards This Year

8 Best Capital One Credit Cards

If you're looking for cashback, premium travel rewards like travel insurance or anything in between, consider this a guide to get started. Whether you're a student just starting your credit-building journey, 

1. Best Overall: Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card is one of the top travel credit cards for good reason. The card allows you to earn unlimited 2 miles per dollar spent on purchases using the card. When you’re ready to redeem your miles, you can transfer your miles to over 15 travel partners, including a 1:1 transfer to loyalty programs such as British Airways Executive Club and Emirates Skywards. 

Some of the travel perks that come with this card include no limits on miles and no minimum mile requirements to redeem for travel. There are also no blackout dates and no expiration dates to worry about. The Capital One Venture Rewards Credit Card also covers the application fee of up to $100 for Global Entry or TSA PreCheck. 

This card also comes with many perks that you’ll find with some of the other Capital One cards. These include car rental insurance, roadside assistance and extended warranties on eligible purchases. It also includes virtual card numbers to protect your card from fraud when shopping online.

But the Capital One Venture Rewards Credit Card is more than a travel rewards credit card. You can redeem points for gift cards, cash or a statement credit. Combined with Capital One's premium rewards portal and the fact that users with fair to good credit could be accepted, it is a strong overall choice. 

Why Benzinga likes it: Flexible travel rewards, impressive bonus features and cashback. 

Pros

  • Excellent bonuses 
  • Earn unlimited, flat-rate travel miles on all purchases
  • No foreign transaction fees
  • $100 credit for Global Entry or TSA PreCheck application fee 
  • Auto Rental Insurance

Con

  • $95 annual fee

2. Best for Premium Travel: Capital One Venture X Rewards Credit Card

Arguably one of the two top offerings for premium travel is the Capital One Venture X Rewards Credit Card. The Capital One Venture X Rewards Credit Card offers a host of rewards. To start, you could earn 75,000 bonus miles when you spend $4,000 on purchases in the first three months from account opening, equal to around $750.  

While the annual fee is a hefty $395, if you travel regularly, you can receive a 

$300 annual credit for bookings through Capital One Travel. You'll also get Capital One's best trip prices, with a price guarantee. In addition, Capital One offers 10,000 bonus miles, equal to $100 in travel rewards, each year on the card opening anniversary.

You can earn 10 times miles on hotels and rental cars booked through Capital One Travel and five times miles on flights booked through Capital One Travel, plus two times miles on all other purchases. Finally, you can transfer your miles to your choice of 15 or so travel partners. In addition, the Capital One Venture X Rewards gives you luxury benefits like experience credits, room upgrades and more.

Why Benzinga likes it: Capital One's premium travel rewards card has some of the best perks and travel rewards of any card from any issuer. 

Pros

  • High rewards rate, up to 10 times miles with qualified bookings
  • Flexible rewards redemption
  • Complimentary access for you and two guests at thousands of global airport lounges.
  • Get an experience credit, room upgrades and more with Capital One Travel
  • 75,000 signup bonus miles
  • Get a $100 credit for Global Entry or TSA PreCheck

Cons

  • High annual fee if you don't take advantage of travel credits
  • You'll need excellent credit

3. Best for Cashback on Dining, Groceries, Entertainment: Capital One SavorOne Cash Rewards Credit Card 

The Capital One SavorOne Cash Rewards is a good choice if you’re a social person who wants more cash-back rewards on entertainment purchases. There are no cash-back limits on this card, and the rewards will remain valid as long as the account is open. The rewards rates of this card are as follows:

  • Unlimited 8% cashback on tickets purchased from Vivid Seats or Capital One Entertainment
  • Unlimited 5% cashback on hotels and rental cars booked through Capital One Travel
  • Unlimited 3% cashback on dining, entertainment, grocery store and streaming service purchases (excluding Target and Walmart)
  • Unlimited 1% cashback on other purchases

In addition to providing more opportunities to maximize your cash-back earnings, the Capital One SavorOne Cash Rewards Credit Card comes with other perks. This includes no foreign transaction fee, which can be beneficial for travelers. It also provides car rental insurance for cars booked and paid for with your card. Car rental insurance provides secondary coverage in the case of damage or theft. Like other Capital One cards, this card also offers an extended warranty and price protection benefits

Why Benzinga likes it: With ultra-high rewards on tickets, hotels, rental, dining, grocery and streaming services, it's a strong all-around contender for many card users.

Pros

  • No annual fee
  • Intro annual percentage rate (APR) period for purchases and balance transfers
  • Minimal spending to earn the welcome offer 
  • Book through Capital One Travel for boosted rewards rates on hotel and rental car bookings

Cons

  • You'll need good credit for this card
  • The tiered rewards categories mean you may not get the best rewards

4. Best for Travel Rewards: Capital One Spark 2X Miles Business Credit Card

For businesses that partake in business trips often, the Capital One Spark Miles for Business Credit Card can be a good option. This card allows you to earn rewards in the form of miles, which can be redeemed through Capital One Travel or another travel website. There is no limit to how many miles you can earn; each dollar spent using the card earns 2 miles. 

Redeeming miles that you earn from this card can be a bit different than redeeming cash-back rewards. Miles can be redeemed for any qualifying travel purchase you’ve made using the card in the past 90 days. Capital One automatically categorizes purchases using its merchant category codes, so the miles can be redeemed for anything that the company has categorized as a travel purchase. Sometimes, this can extend beyond hotel, flight and rental car purchases to include food delivery services.

Like Capital One’s other travel cards, you can add employees to this card’s account at no additional charge. The downside is that business owners can’t maintain total control over the accounts. For example, limits cannot be set on each employee’s card, and the account does not track each employee’s separate spending habits. 

Other benefits come with this card, too. You can download a custom, itemized spending report quarterly and yearly to review your account summary. You’ll also be able to manage your spending by downloading purchase records directly to QuickBooks, Quicken or Excel software. Business travelers can get rental car insurance up to the vehicle's cash value for rental car reservations booked and paid for using the card. Additionally, the account can receive a credit of up to $100 for an application for Global Entry/TSA PreCheck every four years to make business travel a smoother experience. 

Why Benzinga likes it: Excellent for business travel needs and simplified cashback.

Pros

  • Unlimited 2x miles on all purchases 
  • No blackouts, seat restrictions or minimum redemptions
  • Up to $100 credit for Global Entry or TSA PreCheck

Cons

  • $95 annual fee or $0 the first year
  • No intro APR period on purchases or balance transfers
  • Fewer perks than other business cards with similar fees

5. Best for Students: Capital One SavorOne Cash Rewards for Students

The Capital One SavorOne Cash Rewards for Students Credit Card may be geared toward college students, but it’s a good card for anyone looking to build their credit. This is because it is available to people with no credit history or to people who have fair to average FICO credit scores. Along with that, the card is not short on perks.

Like many Capital One cards, this card offers cashback on various purchases. It’s an excellent choice if you like to spend money on traveling. When you use Capital One Travel to book your hotel and/or rental cars and use this credit card, you can receive unlimited 5% cashback on your bookings. That’s only second to the unlimited 8% cash-back opportunity if you purchase tickets through Vivid Seats using your card. 

You can also get unlimited 3% cashback at grocery stores (excluding Walmart and Target), dining, movie theaters, museums, streaming services and more entertainment opportunities. The card offers unlimited 1% cashback on purchases for all other categories. Cashback can be redeemed for a statement credit, check, gift cards, PayPal or Amazon. You can even set your cashback to be redeemed automatically once per year or when you’ve earned a set amount.

There are some other perks to this card, too. You’ll have access to Capital One’s CreditWise credit monitoring program to help you monitor and build your credit. You’ll also receive purchase protection, which can extend manufacturer warranty coverage on items you purchased with the card. Similarly, the card offers price protection, which can reimburse you the difference if you buy an item using the card and notice that the price for the item drops within 120 days of your purchase date.

As you use this card to build your credit, you can become eligible for credit limit increases as long as you make your monthly payments on time. This can happen in as little as six months after holding the card. These perks and benefits are all wonderful for new credit card users, but if you’ve already built a credit history, you may qualify for cards with even more benefits. 

Why Benzinga likes it: Great for building credit with rewards unique to students. 

Pros

  • No annual fee
  • No foreign transaction fees 
  • No rewards caps
  • Reports to the three major credit bureaus to build credit
  • Automated cash-back redemptions 
  • Automatically get considered for a higher credit limit after six months
  • Cash welcome bonus

Con

  • High APR

6. Best for Businesses: Capital One Spark Cash Plus Credit Card

Businesses can benefit from cashback rewards too, and that’s why the Capital One Spark Cash Plus Credit Card should be considered. The card offers one of the highest cashback rates for business cards — an unlimited 2% on all qualifying purchases. Like other Capital One cards, you can redeem your cash-back rewards at any time without worrying about meeting a minimum threshold. 

This business credit card offers the same flexibility that other Capital One cash-back cards do when it comes to redeeming your cash-back rewards. You can redeem the rewards for a statement credit, check, gift card or virtual payment. As a bonus, you can transfer the cash-back rewards to another Capital One account. By doing this, you may be able to redeem the cash-back rewards for travel and/or at a higher value, depending on what other accounts you hold. 

Because this is a business card, you can get cards for employees at no additional cost. This allows everyone on your team to earn cash-back rewards for the same account. You can also get a virtual card number, which adds layer of fraud protection because it allows you to make purchases online without using your real card number. This card includes travel and emergency assistance, auto rental insurance and lost luggage replacement. Other benefits include extended warranty coverage and purchase security, which can cover purchases that need to be replaced or repaired because of a loss, theft or damage within the first 90 days after purchase.

Why Benzinga likes it: A strong all-around solution for businesses with a flat 2% cash back rate. 

Pros

  • Up to a $3,000 cash bonus intro offer
  • 2%-5% rewards rate
  • Earn more cash-back points with free employee cards that also earn rewards
  • It’s a charge card, so there is no APR or defined credit limit to hold back your spending
  • You can offset the annual fee every year you spend at least $150,000

Cons

  • $150 annual fee
  • It’s a charge card, so you must pay your balance in full each billing period
  • Penalty fees for late payments
  • Excellent credit is usually needed to apply for this card

7. Best for Building Credit: Capital One Quicksilver Cash Rewards Credit Card

  • securely through Capital One Quicksilver Cash Rewards Credit Card's website
    securely through Capital One Quicksilver Cash Rewards Credit Card's website
    Regular APR

    30.74% variable based on credit worthiness | 30.74% (variable) for cash advances

    Rating:

    Terms Apply

If you’re looking for a Capital One card that will give you cashback on all of your purchases, the Capital One Quicksilver Cash Rewards Credit Card might be for you. It’s a great alternative to other cash-back cards that offer rotating bonuses for spending categories because of its simplicity. The card offers unlimited 1.5% cashback on every purchase, except for hotels and rental cars booked through Capital One Travel, which gets an unlimited 5% cash back rate.

The biggest benefit of this card might be that the cashback rewards never expire. You can save your cashback for as long as you’d like before you redeem it for a statement credit, check, gift card or other payment method. You can also set up automatic cash-back redemptions if you call a representative to do so.

This Quicksilver card comes with other benefits as well. There is no foreign transaction fee, so you can use the card for purchases outside of the U.S. without paying an extra fee. The card also offers 24-hour travel assistance, which can help you if your card gets lost or stolen on a trip by providing a cash advance and an emergency replacement card. For eligible purchases, you can also receive an extra year of warranty on items that were purchased with your card. 

The benefits of this card don’t end there. If you’re the type of person who likes to enjoy sporting events, concerts and more, you’ll be happy to know that the Quicksilver card can get you VIP access to some dining, sporting and music events. With the card, you’ll also have access to Capital One’s CreditWise service, which monitors your credit report for free and can alert you to credit report changes

Why Benzinga likes it: It's easy to qualify for, with no annual fee and good base rewards plus interesting perks.

Pros

  • No annual fee
  • No foreign transaction fees
  • High rewards rate (1.5%, up to 5% on hotels and rental cars)
  • Intro APR period 

Cons

  • You'll need good to excellent credit
  • No rotating bonus categories

8. Best for Walmart Shoppers: Capital One Walmart Rewards Mastercard

Capital One offers a cash-back credit card that allows you to earn more for purchases made at Walmart. This makes it a good option for people who do a good amount of shopping at Walmart, whether that’s in-store or online. It provides cashback for all other purchases, too. The cashback rewards rates are:

  • Unlimited 5% cashback on Walmart.com purchases, including those for pickup and delivery
  • Unlimited 2% cashback on purchases in Walmart stores and fuel stations
  • Unlimited 2% cashback on restaurant and travel purchases
  • Unlimited 1% cashback on all other purchases

Like many Capital One cards, this card features no minimum amount to redeem rewards, and rewards don’t expire for the life of your account. Rewards can be redeemed for a statement credit when you check out at Walmart.com, gift cards or travel booked through Capital One Travel. You can also redeem your points for some travel purchases, including flights, hotel stays, public transportation, Uber rides and Uber Eats orders.

One of the benefits of this card is that it is instantly issued and can be used as soon as you’re approved. You’ll also get real-time purchase notifications, security alerts and 0% fraud liability. You also can lock and unlock your card using the Capital One mobile app. 

Why Benzinga likes it: With no annual fee and a competitive 5% cashback on Walmart.com purchases, including grocery pickup and delivery, it's a great choice for the wallet of every regular Walmart shopper. 

Pros

  • No annual fee
  • Several reward redemption options 
  • Walmart.com purchases, grocery pickup and delivery get highest rewards
  • Get the card instantly after approval in the Walmart app

Cons

  • Must use the Walmart Pay app to get welcome offer
  • No additional perks or rewards at other stores
  • Ongoing rewards rate for in-store Walmart purchases is just 2%, which isn't better than most other options

Is Capital One a Good Credit Card?

Yes, Capital One offers excellent credit card options to meet the needs of everyone. The bank's no-credit or student offerings come with some of the most competitive rewards in the credit card industry. Likewise, Capital One remains a key competitor in the luxury, travel and business rewards sectors. With such unique offerings, many consumers could benefit from more than one credit card from Capital One. 

Capital One credit cards typically have low or no annual fees, no foreign transaction fees and rewards you can redeem with no minimum. Taken together, you can earn more on everyday expenses, entertainment, travel and more. 

Capital One Credit Cards: What Kind of Rewards Card Is Right for You?

Capital One offers various types of credit cards that usually fall into a few categories, based on specific goals like travel, cashback or credit building. It offers credit cards for consumers with fair to excellent credit and even no credit. 

Credit-Building Credit Cards

Credit-building credit cards are designed to help consumers with fair credit or no credit build a strong credit score over time. These cards come with fewer rewards than premium cards but still may offer competitive cashback or points. 

Cash-Back Rewards Credit Cards 

Cash-back rewards credit cards typically offer 1% to 10% cashback on purchases. While base rates range from 1% to 2% for more competitive cards, you could get up to 10% cashback on hotel or rental car purchases through the Capital One app. Depending on the credit card, common reward categories include entertainment, gas, groceries and other travel expenses. Capital One's cash rewards credit card credit score requirements range from fair to excellent. 

Travel Rewards Credit Cards

Travel rewards credit cards let you earn points that can be redeemed with Capital One's partners for flights, hotels, concert tickets and gift cards. These cards often come with high rewards after you reach a set minimum spend after card opening that can be redeemed for travel credits worth up to $750. You'll usually need a good to excellent credit score to get Capital One's travel rewards credit cards. 

Business Rewards Credit Cards

Business rewards credit cards blend the rewards categories of individual consumer cards, such as cashback or travel rewards, but often with higher rewards categories or extra bonuses for businesses. Capital One has rewards credit cards for businesses from fair to excellent credit scores. 

Pros and Cons of Capital One Credit Cards

Capital One offers so many options that there's a card for nearly everyone. Whether you have no credit score and need a card or need a card with no annual fee, Capital One has options. Likewise, the premium offerings for business or travel are some of the best in the market. Here is an overview of the pros and cons:

Pros

  • Variety of cards to choose from to meet each consumer's needs
  • Popular perks with most credit cards
  • Several options with no annual fee
  • Travel booking portal offers the possibilities of more rewards

Cons

  • Some APRs are higher than comparable cards
  • Capital One’s travel partners don’t include all major U.S. brands
  • Some cards have lower cash-back rates than competitors

How Many Capital One Cards Can You Have?

The number of Capital One cards that you can have depends on the accounts that you hold. The general limit is two cards per cardholder, but if you had more than two Capital One cards before the rule was established in 2011, you were allowed to keep those cards. Another exception could be if you have a Capital One credit card that was originally issued by a bank that was later acquired by Capital One.

Because Capital One has some cobranded store cards with retailers such as Walmart, they are not counted in the two-card limit. Secured credit cards issued by Capital One are also not included in the limit.

What Is the Potential Credit Limit for a Capital One Credit Card?

Capital One credit cards don’t have a specific credit limit. In terms of the lowest credit score to apply for a Capital One credit card, there are cards available even for consumers with no credit history.

In terms of the available line of credit, the approved line of credit depends on the specific card and your credit history. Capital One credit card limits have been reported from as low as $750 to as high as $75,000. 

Does Capital One Offer a Preapproval Process for Its Credit Cards?

Yes, Capital One offers a simple preapproval tool to find out whether you're preapproved for card offers before you apply. You will have to answer a few simple questions about yourself, and Capital One's tool will suggest the offers you may be eligible for. With Capital One's preapproval option, you can quickly check card offers without hurting your credit score.

How to Choose a Capital One Credit Card

When choosing a Capital One credit card, consider your credit score, the card interest rates, and any additional fees like an annual fee or foreign transaction fee. Then, look at your spending habits and reward goals. Do you want to build up points for a free weekend getaway, or do you prefer the simplicity of flat-rate cashback? Do you regularly book through shopping portals, or are you a big entertainment spender? Do you have a business that can take advantage of business rewards credit cards?

All of these questions can help you determine the best card or cards from Capital One that will fit your spending needs. For example, you might choose to get the Capital One Walmart Rewards Mastercard for your regular grocery order from Walmart and also choose a travel rewards card to maximize points for your next vacation. Just remember to spread out applications if you plan to get more than one card.

Should You Use Capital One Cards?

For the majority of consumers, the answer is yes. Capital One offers a vast array of credit cards to meet any consumer's needs. To reach your financial goals and build your credit score, never spend more than you can pay off each month, and set up automatic payments to pay off the card in full each month. With responsible spending habits, you'll benefit from Capital One's fantastic rewards while building a strong credit history for greater financial opportunities like lower interest rates on loans or mortgages. Need more ideas? Find the best Mastercard credit cards here.

Frequently Asked Questions

Q

What is the best Capital One card to have?

A

The best Capital One card to have depends on your financial goals, credit score and spending habits. Any of the eight cards above are excellent options for many consumers.

Q

What Capital One credit card has the highest signup bonus?

A

The Capital One credit card with the highest signup bonus is the Capital One Venture X Rewards credit card. It also reportedly has the highest potential credit limit. Find Capital One credit cards with the highest limits here.

Q

Which Capital One card is better platinum or Quicksilver?

A

Many consumers think that Capital One’s Quicksilver is better than Capital One Platinum because of the 0% introductory APR with attractive rewards and no annual fee.

Q

What is the hardest Capital One card to get?

A

Capital One Venture X Rewards credit card requires excellent credit and is one of Capital One’s exclusive luxury offerings. Other Capital One credit cards that require excellent credit include Capital One Venture Rewards, Capital One Quicksilver Rewards and Capital One’s other Venture Rewards.

Q

Can you combine points on Capital One credit cards?

A

Yes, you can open multiple Capital One miles-earning credit cards and combine them after you earn the bonus.