Capital One® Cash Rewards for Newcomers
Sponsored Card
- Minimum Credit Required:
Fair, Limited History - Annual Fee:None
- Network: MasterCard
Cash Back
| Initial Bonus None |
Base Earn 1% |
Max Earn 2% |
Earn / Redeem Limit No |
- Get 2% cash back on travel purchases.
- Earn 1% cash back on all other purchases.
| Intro Rate Not Offered |
Intro Period N/A |
Regular Rate 24.9% (V) |
| Intro RateNot Offered | Intro PeriodN/A | Regular Rate24.9% (V) | Balance Transfer Fee None |
| Cash Advance Rate 24.9% (V) |
Cash Advance Fee 3% (min $10) |
- A card designed to help those new to the U.S. establish credit and earn cash back.
- Build credit with automatic reporting to the three major credit bureaus.
- No foreign transaction fees.
- No annual fee.
- Max Late Fee: $35
- Max Overlimit Fee: $29
- Max Penalty APR: 29.4% (V)
- Grace Period: 25 days
- Online Response: No
- Foreign Transaction Fee: None
If you currently have the Capital One® Cash Rewards for Newcomers and are satisfied or you like the terms of this credit card offer please let your friends know.
Capital One® Cash Rewards for Newcomers is an Editor's Pick for
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Before applying for a credit card we recommend that you review and verify the credit card terms and conditions on the credit card company's web site. Please let us know if you find any differences related to the Capital One® Cash Rewards for Newcomers shown on this page.
The card information shown on this page was last updated: May 23rd, 2012 at 1:05 EDT
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I was really nervous about getting a credit card and as a college student with limited credit history, I thought I would not be able to get one, but I was wrong. This card helped me out so many times, and unlike a lot of people, I've never had any trouble with Capital One. They helped me out as long as I made my payments on time and so on. People like to complain, but I feel like they think the company is supposed to work around them and that isn't the case. Do what you're supposed to do, such as pay your bill on time and things should be just fine! I've always heard bad things about Capital One, but I'm pretty sure next time I need a credit card this is where I'm going to get one!
This card was my first credit card -- a godsend for a college student like me, someone with little-to-no-credit and looking to establish some. Applying was easy and I was accepted right off the bat, and the card works as advertised. CapitalOne isn't exactly my favorite company to deal with, but I really cannot complain considering they're giving me an opportunity to establish a good line of credit. Hopefully, once I've kept up payments for a while I can graduate to a better card with a better company, but for now, this card does what I need it to do and I recommend it to all who are looking for a nice 'starting-out' credit card.
This is the worst credit card company I have ever dealt with, I have been paying every month and they charged me a late fee amount of $35 each month plus interest, when I called them, they have no record of me paying on time every month, and that I have to fax over evidence that I have paid. Funny, how I have Capital One banking as well. They called and still no record. I faxed it over to Capital One then called them about 2 days later and says we will credit you for that money and will show on next statement, I have paid it off so that I will not have to deal with interest charges.
Did they say what was the issue? Also did they report you late to the credit bureaus? They report you as last once you miss two payments in a row.
The big fancy rewards cards and offers with 0% rates get all of the attention. I mean, they are probly the best credit cards out there, but you don’t just wake up with excellent credit. Ask anyone, it takes a long time, a lot of discipline and a card like the Capital One Cash Rewards for Newcomers to start off with. The Capital One Newcomers Cash Rewards Card is a credit card offer whose name actually tells you a lot, unlike the vague offers that just make use of words like “premier,” “preferred,” and “select” to tell you absolutely nothing at all. Anyway, this card’s name tells you two important pieces of information. It is for newcomers (i.e. people without much credit history) and it offers cash rewards. Still, you need to know more about a card than just its name if youre seriously considering applying for it, and I think pro/con lists are helpful. Pros -No annual fee. -2% cash back on travel. -1% cash back on everything else. -only requires fair or limited credit history for approval. Cons -not likely to be an option to people without any credit history or much income. -no low intro interest rate. The most important thing you’re looking for from a newcomer’s credit card is no annual fee because you want to build credit inexpensively. The Capital One Cash Rewards for Newcomers meets that standard and even gives you some decent rewards as well. Whether you get the Cash Rewards for Newcomers offer really depends on if you’ve built any credit at all yet as well as your spending and payment habits. People truly new to credit card use might have to opt for a secured card (or a student card if they’re a student) and you want a card that either matches your spending habits if youre pay your bills in full or that provides a 0% intro rate if you don’t. All in all Id give the Capital One Cash Rewards Credit Card for Newcomers a passing grade.
The Capital One Cash Rewards for Newcomers is one of the most popular cards on the market for people who don’t have much of an established credit history. The main reasons why are, obviously, the fact that such people can get approved but it as well as its lack of an annual fee and its rewards. As you might be able to guess from its name, the Capital One Cash Rewards Credit Card for Newcomers offers cash back on every purchase, 2% for travel and 1% for everything else. This might not seem like much since 1% is kind of the industry standard for a base rewards earning rate and is usually supplemented by much higher earning rates on specific spending categories (more than just 1% more on travel), but newcomers shouldn’t expect outrageously lucrative rewards because they simply have not proven themselves fiscally responsible enough to deserve them. The Capital One Cash Rewards for Newcomers Card does not have a 0% introductory rate for purchases or balance transfers, but that’s not a surprise either. Another interesting card for people with fair or limited credit to consider is the Capital One No Hassle Cash Rewards Credit Card. This card offers 2% cash back on gas and groceries and 1% on everything else. Unfortunately, it does have a $39 annual fee. Therefore, this card has different rewards coverage than the Capital One Cash Rewards Card for Newcomers and whether it will be more lucrative depends on your spending habits. In other words, will you get more value from 2% cash back on groceries than you would from 2% on travel plus $39 in your wallet? It’s also important to note that neither the Capital One Cash Rewards for Newcomers Card nor the Capital One No Hassle Cash Rewards Credit Card is intended for student use (i.e. students might not get approved). Anyway student cards often have better rewards and rates than credit cards for fair or limited credit because of the potential underwriters see in them as far as becoming high revenue clients later in life. If you’re in the market for a student credit card, cards like the Citi Dividend Select for College Students or the Discover Open Road Card for Students would be more appropriate than the Capital One Cash Rewards for Newcomers.