The easiest way to get cash back on a Capital One credit card is to get a card that offers cash back rewards. One of the best Capital One cash back credit cards is the Capital One Quicksilver Cash Rewards Credit Card as it earns 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. Plus, it features a $0 annual fee and offers $200 for spending $500 in the first 3 months.
Capital One rewards credit cards that offer miles also allow you to redeem them as cash. Redemption options include checks and statement credits. But these won’t get you as much value as redeeming miles for travel purchases.
Here are some of the best Capital One cash back credit cards:
The Capital One Quicksilver Cash Rewards Credit Card: Offers $200 for spending $500 in the first 3 months. Earns 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. Requires a credit score of 700, at a minimum. That means applicants need at least good credit to get approved.
The Capital One Savor Cash Rewards Credit Card: Offers $300 for spending $3,000 in the first 3 months. Earns 5% cash back on hotels and rental cars booked through Capital One Travel, 4% cash back on dining, entertainment and popular streaming services, 3% back at grocery stores and 1% back on all other purchases (except for 8% back on tickets from Vivid Seats and on Capital One Entertainment purchases). Requires a credit score of 700, at a minimum. That means applicants need at least good credit to get approved.
The Capital One QuicksilverOne Cash Rewards Credit Card: Earns 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. Applicants with limited credit (less than 3 years of credit history) can get approved.
The Capital One SavorOne Cash Rewards Credit Card: Offers $200 for spending $500 in the first 3 months. Earns 5% cash back on hotels and rental cars booked through Capital One Travel, 3% cash back on dining, entertainment, popular streaming services and grocery store purchases, along with 1% back on all other purchases (except for 8% back on tickets from Vivid Seats and on Capital One Entertainment purchases). Requires a credit score of 700, at a minimum. That means applicants need at least good credit to get approved.
With cash back rewards, the dollar-value is straightforward, so you won’t have to worry about conversion rates. Miles offered through other Capital One rewards credit cards can also be redeemed for cash (as checks or statement credits), but they won’t be worth as much as other travel redemption options.
Lastly, if you’re thinking of “cash back” as a way to simply withdraw money, keep in mind that credit card cash advances are extremely expensive. All Capital One credit cards charge a 3% (min $10) cash advance fee. And unlike regular APRs, cash advance APRs don’t benefit from a grace period, so interest starts accruing immediately.
You can use your Capital One credit card for an ATM withdrawal by just inserting the card into the machine, entering the card’s PIN, and selecting the “cash advance” menu option. Enter an amount to withdraw the cash. And don’t forget to collect your card and cash before you leave. The exact steps may differ depending on the ATM used.… read full answer
If you don’t have a PIN yet, you can order one through your online account or by calling the number on the back of your card. Capital One credit card holders can make an ATM withdrawal at every ATM with a Visa or Mastercard symbol, which is just about every ATM.
Where to make a Capital One credit card ATM withdrawal for free:
Capital One ATMs
If you use an ATM that doesn’t belong to Capital One, MoneyPass or AllPoint, you might get charged a small fee by the ATM owner. You can find a fee-free location near you on Capital One’s website – that’s over 70,000 locations nationwide.
Why to avoid Capital One credit card ATM withdrawals:
Even if using the ATM is free, there are still costs for a Capital One credit card ATM withdrawal. All Capital One credit cards charge a 3% (min $10) cash advance fee. And while cash advance APRs vary by card, they’re all from 25.49% (V) and above. Interest starts accruing immediately on a cash advance, with no grace period. So, try not to make a Capital One credit card ATM withdrawal unless you’re in an emergency situation.
Another important thing to remember is that Capital One cards have a cash advance limit, which is the maximum amount of money you can withdraw until you pay some or all of it back. You can find this limit on your monthly statement.
To get a Capital One cash advance, use a Capital One credit card and a corresponding PIN at a participating ATM and withdraw the cash, up to the card’s available cash advance limit. If you do not have a PIN, contact Capital One customer service at the number on the back of your card to request one.… read full answer
How to Get a Capital One Cash Advance at an ATM
Call Capital One customer service at the number on the back of your card and request a PIN, if you don’t already have one.
Insert the credit card into an ATM and enter the PIN.
Select the cash advance option on the ATM screen.
Enter the amount you’d like to withdraw.
Withdraw the cash and remove the credit card from the ATM.
There may be other ways to get a cash advance from your Capital One credit card, too. For example, you can request a cash advance in person at a local Capital One branch. You could also write out a Capital One cash advance check and use it like a traditional bank check.
Before you take out a Capital One cash advance, it’s important to note that it is a very expensive transaction. For starters, a cash advance fee and a separate cash advance APR apply as soon as you withdraw the cash. There may also be ATM-owner fees, depending on where you make the cash advance.
You can get a Capital One Quicksilver cash advance simply by withdrawing cash from an ATM. You’ll need your card’s PIN for that, so if you don’t have one, you can get one online. In addition to ATMs, there are a few other ways you can get cash advances.
Here’s how you can get a Capital One Quicksilver cash advance:… read full answer
At an ATM using your PIN. If you forgot your PIN or need one for your card, you can request one on Capital One’s web page.
At a bank lobby that displays the Mastercard logo. Capital One Quicksilver is a Mastercard, so look out for the logo to know where you can ask a bank teller for a cash advance. You will need to present a government-issued photo ID along with your Capital One Quicksilver.
With a check. If you’ve been given checks by Capital One, you may be able to fill one out yourself and either cash it or deposit it at your bank.
Just be mindful of the fact that credit card cash advances are expensive. Capital One Quicksilver charges a cash advance fee of 3% (min $10). There’s also a 26.49% (V) cash advance APR that starts accruing immediately. In addition, cash advances at a non-Capital One ATM may be subject to additional bank charges.
If you still want to make a Capital One Quicksilver cash advance, keep in mind that there are withdrawal limits, so review your most recent credit card statement to know how much available credit you have for cash advances. Also, don’t forget that paying off the balance works differently than with a regular credit card purchase. That’s because there is no grace period for cash advances. This means interest charges start accruing on the date of the transaction.
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