Capital One No Hassle MILES Rewards vs Capital One No Hassle CASH Rewards
By admin on Feb 14, 2008 in Reward Credit Card Articles
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. Let’s 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.
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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 One’s 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.
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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 you’re 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 you’re interested in a chance to travel for free or if you’re frequent traveler, then you should definitely take advantage of the Capital One No Hassle Miles (SM) Rewards card.
Don’t forget that Capital One’s No Hassle Miles (SM) Rewards card also awards cash points and bonuses aside from travel points. Also, if you don’t want to go on a travel or if you didn’t 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 One’s website.
* See the online reward credit cards application for details about terms and conditions of reward programs and offers.
I absolutely love my Capital One No Hassle Miles (SM) Rewards because of the airline miles rebate and travel programs. Awesome! It help me sae on travel expenses since I love to travel a lot.
John | Jun 18, 2008 | Reply
Interesting article. I have Capital One No Hassle Miles Rewards credit card for almost a year and the rewards and programs are amazing. Points or miles rebate are redeemable for flights on any airline with no blackout dates, cash, merchandise, and gift certificates.
Mischa | Jun 18, 2008 | Reply
I must say that Capital One No Hassle Miles Rewards card is the best. I got free flight in a short amount of time, great customer service, great website.
Byron | Jun 18, 2008 | Reply
I recommend this card highly. Great credit card. Unlike everyone else, I had a great experience with Capital One’s service. The Go Miles card has since been renamed the No Hassle Miles card, and I can see why. I’m skeptical of rewards cards, because it seems like such a ploy to get you to remain loyal while actually giving you nothing.
Once I reached 11,000 miles (they give you a 5,000 bonus when you first sign on, and then a mile for every dollar you charge), I decided to try to get a free flight. The flight I needed was a one way, and I got a flight on ATA and still had miles left over. I don’t care about flying with a fancy airline, just getting to where I’m going safely, so I’m perfectly happy, and I saved myself about $120. It’s the best deal I’ve ever gotten from a credit card, although I admit it is my first experience with a rewards card.
Again, I had only 11,000 miles, much fewer than the 25,000 most airlines’ cards require for a domestic flight (albeit, it was a one-way). I could choose any airline and any cities, and I chose the day and time of the flight.
Calculating the 1-3% cash back on the Amex, which is rated as the best credit card, I would have gotten between $80-180 back. So depending on how the rewards would have worked out, I got a better deal with this card. I’m very happy with it.
I HIGHLY recommend this card to anyone, NOT just those with a bad credit history as others have said. I have a great credit history, although I do have a tendency to carry a bit of a balance. I always pay more than the minimum.
Why not try this card and have a great experience, too?
Lola | Jun 18, 2008 | Reply