The benefits of Capital One credit cards include several types of travel insurance, cell phone protection, and price protection. These benefits are mostly found on the top-tier Capital One credit cards, though many more Capital One credit cards have rental car insurance and emergency card replacement. To know which perks are included on a specific card, you’ll need to call customer service at the number on the back of your card or check the Capital One website.
Capital One Credit Card Benefits
Cell phone protection
Rental car insurance
Emergency card replacement
Lost luggage reimbursement
Travel & Emergency assistance
Travel accident insurance
Identity theft protection
In addition to having some or all of these card perks, it’s important to remember that many Capital One credit cards also give rewards. Rewards aren’t generally considered card benefits, but having a credit card that earns great rewards can be a big asset to cardholders. As long as you use your card responsibly and maximize the various benefits that Capital One offers, you should come out well ahead of any annual fees that Capital One cards may charge.
You can check your Capital One Platinum application status by calling (800) 903-9177. When prompted, say "check the status of an application," then enter your Social Security number to get an application status update. Otherwise, you can just wait for Capital One to mail a decision within 7 to 10 business days from the application submission date. Capital One does not allow applicants to check their application status online.… read full answer
Checking your Capital One Platinum application status is helpful if you’re not immediately approved. One reason for the delay could be that Capital One needs to review the application further, or they need more information before they can make a decision. If you’re approved, you should receive your Capital One Platinum card within 7 to 10 business days of the approval date. If the application is denied, you can request a reconsideration by calling customer service. If your circumstances have changed significantly (in a positive direction) since you applied, Capital One may reverse the denial and approve the application.
There is no Capital One member fee because you don’t have to pay just to be a customer. And there are no member dues or anything like that because Capital One is a bank, not a cooperative like a credit union. But there are member fees for some capital one credit cards ranging from $0 to $95.… read full answer
Capital One credit card membership fees can be charged as annual fees or monthly fees (annual fee divided by 12). Whether you’re charged by year or by month depends on how you apply. If you apply online, it will be set up for annual and you’d have to call customer service after approval to ask to switch to monthly. If you apply by phone, you can choose to have a monthly fee right from the start, if you want.
Not every Capital One card has a membership fee, and those that do charge such a fee differ in the price.
Here are the Capital One annual member fees by card:
Capital One Platinum:$0
Capital One SavorOne: $0
Capital One Platinum Secured: $0
Capital One Quicksilver: $0
Capital One QuicksilverOne: $39
Capital One Venture: $95
Journey Student Rewards from Capital One: $0
As you can see, many Capital One cards don’t charge a membership fee at all. If your card is one of the few that does, the fee will be charged to your card like a normal purchase. That will happen each year after your account anniversary (or right away the first year).
You can cancel a Capital One credit card either online or by calling the number you see on the back of your card. To cancel a Capital One card online, click “I Want To…” (near the top of the page when you sign in), then select “Close Account” from the account services menu. Over the phone, a Capital One representative will walk you through the process.… read full answer
Here’s how to cancel a Capital One credit card:
Online: Log in to your Capital One account. Click on “More Account Services” and then “Close Account.” Capital One will ask you to confirm that you want to cancel your account.
By phone: Call Capital One at the number you see on the back of your card. Enter your full card number to be connected to a representative. Tell them you want to cancel your Capital One credit card.
If you call to cancel your Capital One credit card, the representative will likely try to get you to stay. They may even try to lure you back in you with a retention offer, like bonus rewards or a lower rate. Capital One also says that once you cancel a credit card account, there are “very few exceptions” where they can reopen it.
Things to know before you cancel a Capital One credit card:
Before you cancel a Capital One credit card, there are a few things you should know. You’ll still be responsible for repaying any balance you owe. You will continue to get statements and owe monthly payments until the entire balance is paid off. You’ll also lose any rewards you haven’t redeemed when you close your account. Canceling your card will likely cause a dip in your credit score, too, though exactly how much depends on the age and credit limit of the account.
Plus, you’re not going to get a partial refund for a card’s annual fee. So, it’s best to enjoy the benefits until shortly before your next annual fee is due to be charged.
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