The best Capital One credit card deal is the Venture card’s rewards bonus: 50,000 miles for spending $3,000 in the first 3 months. The Venture card also offers 10 miles per $1 spent on hotels booked through hotels.com/venture and 2 per $1 on all other purchases. The Capital One Savor card’s $300 initial bonus for spending $3,000 within the first 3 months is a good deal too. Plus, the card gives 4% back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases.
There are some Capital One credit card financing deals too. The SavorOne card has an introductory APR of 0% for 15 months on purchases. It also gives 0% for 15 months on balance transfers – with a 3% transfer fee. The annual fee is $0.
The Quicksilver card has similar financing. It gives an introductory APR of 0% for 15 months on purchases, and it offers 0% for 15 months on balance transfers. Its balance transfer fee is 3%, and its annual fee is $0.
The better card among these two comes down to the type of rewards you prefer. SavorOne gives 1%-3% cash back on different purchase categories. With Quicksilver, you’ll get 1.5% cash back on all purchases.
You can have 2 Capital One cards at one time. This rule went into effect in 2011 and applies to most of Capital One’s consumer credit cards. The Capital One Secured Mastercard and Capital One’s co-branded cards (like the Saks Mastercard) do not count in the two-card limit. Neither do Capital One’s business credit cards.… read full answer
People who already had more than two Capital One credit card accounts before the rule went into effect were grandfathered in and allowed to keep all of their cards. Some cardholders who had cards from banks that were later acquired by Capital One (like HSBC) were also allowed to retain their cards despite the two-card rule.
Even with a two-card restriction, Capital One still offers some of the best rewards potential in the credit card game. A popular combo is the Capital One Venture card paired with the Capital One Savor card. You can use the Savor card to maximize your rewards on food and entertainment purchases, and the Venture card for everything else. Both cards come with a big signup bonus for spending $3,000 in the first three months: a $300 bonus from Savor and 50,000 miles from Venture (equal to $500 when redeemed for travel). Each card has a $95 annual fee that’s waived the first year, so you can see if the combo is right for you before you have to pay anything up front.
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