Capital One and Uncover have suites of bank cards serving completely different functions — money again and journey rewards, plus playing cards for many who are newer to credit score. Each issuers provide playing cards that earn excessive ranks in buyer satisfaction, in keeping with J.D. Energy.
However with regards to their rewards, the 2 issuers take completely different paths. Uncover’s rewards applications are easy. Most of its playing cards earn money again, and its one journey card earns miles value 1 cent every when redeemed. Uncover’s typical sign-up bonus is a match of no matter rewards you earned within the first yr you had the cardboard.
Capital One additionally points numerous cash-back playing cards, however its journey playing cards’ rewards applications are a bit extra elaborate and doubtlessly present extra worth per mile. The Capital One playing cards that supply sign-up bonuses sometimes require you to succeed in a spending minimal inside a number of months to earn these bonuses.
When you’re touring internationally, Capital One playing cards may be accepted extra actually because they run on the Visa and Mastercard fee networks. Uncover is each an issuer and a fee community. Its playing cards are broadly accepted throughout the U.S. however aren’t as broadly accepted elsewhere.
Right here’s how Capital One and Uncover playing cards examine.
Money-back playing cards
Capital One
Capital One’s cash-back playing cards embody the flat-rate Capital One Quicksilver Money Rewards Credit score Card, which earns 1.5% money again on all purchases. There are just a few variations of this card that you could possibly qualify for primarily based in your credit score historical past. With wonderful credit score (FICO scores of 720 or larger), you could possibly earn a sign-up bonus, keep away from an annual charge and qualify for a 0% APR promotional interval for stability transfers. In the meantime, these with honest credit score (sometimes, scores from 630 to 689) can nonetheless earn 1.5% money again, however none of the remainder of these perks. Along with an annual charge, this model of the cardboard lacks a sign-up bonus and no-interest provide.
-
4% money again on eating, leisure and streaming companies.
-
3% money again on purchases at grocery shops.
-
1% money again on every thing else.
Earn a one-time $300 money bonus when you spend $3,000 on purchases inside 3 months from account opening.
The Capital One SavorOne Money Rewards Credit score Card has a $0 annual charge, however barely decrease reward charges:
-
3% money again on eating, leisure and streaming companies.
-
3% money again on purchases at grocery shops.
-
1% money again on every thing else.
Earn a one-time $200 money bonus after you spend $500 on purchases throughout the first 3 months from account opening.
For these playing cards, “leisure” is a broad class that features purchases reminiscent of film, skilled sporting occasion and theater tickets, in addition to admission to vacationer sights, amusement parks, aquariums, zoos, bowling alleys and extra.
Uncover
-
5% money again on quarterly rotating bonus classes you activate, on as much as $1,500 in spending.
-
1% money again on every thing else.
-
2% money again at gasoline stations and eating places on as much as $1,000 in mixed purchases every quarter.
-
1% money again on all different purchases.
Each of those playing cards provide Uncover’s cash-back match: INTRO OFFER: Limitless Cashback Match for all new cardmembers – solely from Uncover. Uncover will routinely match all of the money again you’ve earned on the finish of your first yr! There’s no minimal spending or most rewards. You could possibly flip $150 money again into $300.
The winner: It’s a toss-up
So far as cash-back playing cards go, each Capital One and Uncover have compelling choices. It simply comes right down to the place you spend probably the most and the way a lot effort you’re prepared to place in to handle your playing cards. You possibly can earn as much as 4% money again with the Capital One Savor Money Rewards Credit score Card, however you’ll pay an annual charge. And you may earn 5% money again with the Uncover it® Money Again, however you’ll have to maintain monitor of quarterly bonus classes.
Journey playing cards
Capital One
The Capital One VentureOne Rewards Credit score Card has a $0 annual charge and has the least to supply by way of journey perks. The center-of-the street Capital One Enterprise Rewards Credit score Card has a $95 annual charge and features a assertion credit score to cowl the price of TSA PreCheck or World Entry.
The high-end Capital One Enterprise X Rewards Credit score Card contains not solely that assertion credit score, but in addition entry to airport lounges (each Capital One’s personal lounges and people within the Precedence Cross community), an annual journey credit score and annual anniversary bonus. You’ll have to fork over a $395 annual charge for all these extras.
You possibly can redeem miles to cowl the price of a current journey buy, use them to guide journey by way of Capital One Journey, switch them to a liked one who additionally carries a Enterprise card, or switch them to Capital One’s airline or resort companions.
Full listing of Capital One switch companions
Uncover
Uncover’s journey card, the $0-annual-fee Uncover it® Miles, earns 1.5 miles per $1 on all purchases. You possibly can redeem miles at a price of 1 cent every for money again or an announcement credit score to cowl the price of journey purchases.
The winner: Capital One
Not solely are you able to get premium journey perks with a few of Capital One’s Enterprise playing cards, however miles can typically be value greater than 1 cent every for those who switch them to a journey accomplice. (Observe that with some switch companions, your factors might be value lower than 1 cent every.)
The Uncover it® Miles is a cash-back card in a journey card’s clothes, and there are different no-annual-fee cash-back playing cards that earn greater than 1.5% on all purchases. When you worth simplicity and need to apply your earned rewards to journey prices, you too can get a extra rewarding cash-back card and simply earmark your redemptions to cowl a journey buy.
Credit score-building playing cards
Capital One
The Capital One Platinum Secured Credit score Card, with a $0 annual charge, affords a $200 credit score restrict with an preliminary safety deposit of $49, $99 or $200. When you’re eligible for the bottom deposit, that may take the sting out of the upfront value of getting a secured bank card. In as little as six months, Capital One will routinely take into account you for a better credit score restrict. Nevertheless, the cardboard doesn’t earn any rewards.
If a $200 deposit isn’t a blocker, the Capital One Quicksilver Secured Money Rewards Credit score Card earns 1.5% money again on all purchases and has a $0 annual charge. You might be thought of for a credit score restrict enhance in as little as six months, and chances are you’ll ultimately be eligible to improve to one of many unsecured Quicksilver playing cards and get your deposit again.
Uncover
First, it affords a transparent path to graduating to an unsecured bank card. At seven months, Uncover will assessment your account month-to-month to find out whether or not you’re eligible for such an improve (as soon as that occurs, you’ll get your safety deposit again).
Second, and that is huge, it earns cash-back rewards, which is uncommon for a secured card. Earn 2% money again at gasoline stations and eating places on as much as $1,000 in mixed quarterly spending, and 1% again on every thing else. Plus, there’s a welcome provide: INTRO OFFER: Limitless Cashback Match – solely from Uncover. Uncover will routinely match all of the money again you’ve earned on the finish of your first yr! There’s no minimal spending or most rewards. Only a dollar-for-dollar match.
The winner: Uncover, by a nostril
Each the Uncover it® Secured Credit score Card and Capital One Quicksilver Secured Money Rewards Credit score Card are stable choices as you’re employed towards qualifying for an unsecured card. However the Uncover it® Secured Credit score Card comes out forward if gasoline and eating out are huge elements of your funds, particularly for the reason that card has a welcome bonus.
When you choose the simplicity of a flat cash-back price, the Capital One Quicksilver Secured Money Rewards Credit score Card comes out forward, although it lacks any form of sign-up bonus.
Pupil playing cards
Capital One
College students can select two variations of Capital One playing cards which can be designed only for them.
-
3% money again on eating, leisure, streaming companies and purchases at grocery shops.
-
10% money again on Uber and Uber Eats (month-to-month membership charges for Uber One are coated by way of Nov. 14, 2024).
-
1% on all different purchases.
There’s additionally a sign-up bonus: Earn $50 whenever you spend $100 within the first three months.
The $0-annual-fee Capital One Quicksilver Pupil Money Rewards Credit score Card earns 1.5% money again on all purchases, plus 10% money again on Uber and Uber Eats (month-to-month membership charges for Uber One are coated by way of Nov. 14, 2024). Earn $50 whenever you spend $100 within the first three months.
Observe that each of those playing cards require honest credit score to qualify, in order that they aren’t choices for anybody who has but to determine their credit score historical past.
Uncover
-
5% money again on quarterly rotating spending classes you activate (on as much as $1,500 in spending, then 1% again).
-
1% money again on all different purchases.
-
2% money again at gasoline stations and eating places on as much as $1,000 in mixed purchases every quarter.
-
1% money again on all different purchases.
Each playing cards include the identical welcome bonus: INTRO OFFER: Limitless Cashback Match for all new cardmembers – solely from Uncover. Uncover will routinely match all of the money again you’ve earned on the finish of your first yr! So you could possibly flip $50 money again into $100. Or flip $100 money again into $200. There’s no minimal spending or most rewards. Only a dollar-for-dollar match.
A serious function of the Uncover scholar playing cards is that no credit score rating is required to use for them.
The winner: It’s a toss-up
Each Capital One and Uncover scholar playing cards provide first rate cash-back rewards and sign-up bonuses with no annual charges. When you’re newer to establishing credit score, chances are you’ll be extra more likely to qualify for the Uncover playing cards. However in case you have honest credit score, your choices open up a bit extra.
Additionally observe that for those who plan on learning overseas, chances are you’ll expertise restricted acceptance with a Uncover bank card, relying on what nation you’ll be in.
The data associated to the Capital One Savor Money Rewards Credit score Card has been collected by FinanceGrabber and has not been reviewed or supplied by the issuer or supplier of this services or products.