Capital One Mastercard

Yes, you can get the World Elite MasterCard from Capital One.

The Capital One Savor Cash Rewards is a World Elite credit card for people with at least a good credit score and big budget.

For a reasonable $95 annual fee it offers:

A $300 initial bonus for purchases of at least $3,000 in the first 3 months of account opening

• 4% cash back on dining, entertainment and streaming services
• 3% cash back at grocery stores
• 1% cash back on other purchases
• Unlimited rewards that don't expire
• $0 foreign transaction fee

You'll also get all the perks and benefits MasterCard has to offer. I'll just mention a few:

• Up to $1 million in travel accident insurance
• $1,500 per trip in trip cancellation insurance
• Up to 2 years extended warranty
• Purchase protection
• Rental car insurance

To learn more about the MasterCard World Elite benefits, read the Guide to Benefits.

The Capital One Savor is a Mastercard, not a Visa; it is a World Elite Mastercard, to be specific. That means it offers the Mastercard network’s highest level of benefits. Notable perks include up to $1 million in travel accident insurance and $1,500 per trip in trip cancellation insurance. The card’s extended warranty benefit also adds up to two extra years to an item’s original warranty and gives as much as $10,000 in coverage. Plus, there’s rental car insurance, roadside assistance, purchase protection and more.

Frequent travelers will enjoy the Capital One Savor’s wide global acceptance. And there’s $0 foreign transaction fees. That means you’ll be able to use this card abroad without having to pay a surcharge on everything you buy. Cards with foreign transaction fees typically charge an extra 1% to 3% on international purchases.

The Capital One Savor provides plenty of its own rewards and perks to complement Mastercard’s array of benefits. For example, because it’s designed for people who like to go out on the town, the Capital One Savor offers 4% cash back on dining, entertainment purchases and streaming services. It also gives 3% cash back at grocery stores.

Here's how a Capital One Platinum balance transfer works:

To initiate a transfer, call Capital One at (800) 227-4825 or log into your online account. Any balances you transfer will receive a transfer APR and post to your account's purchase segment.

A balance transfer typically takes 3-14 days, depending on whether your request can be completed electronically or by mail. Your account may not always be eligible for transfers, that's why you should give Capital One a call in advance.

Of course, transfers between Capital One accounts are not allowed.

The Capital One Mastercard annual fee is $0, in most cases.

Capital One has a few Mastercard credit cards offering $0 annual fee, like:

• Capital One Platinum Credit Card
• Capital One Platinum Secured Credit Card
• Capital One Quicksilver Cash Rewards Credit Card
• Cabela's Credit Card
• Union Plus Credit Card
• Saks Fifth Avenue Credit Card

There is one card, however, with a $39 annual fee, the Capital One QuicksilverOne Cash Rewards Credit Card. This one is only worth choosing if you plan on using your card regularly, otherwise I'd opt for one without an annual fee.

The credit limit for the Capital One Gold Mastercard will be determined by a few factors such as your credit score, income and overall creditworthiness.

Once your account is older than 3 months, you can request a credit limit increase online from your account or by calling 1-800-955-7070.

You have the best chances if you pay your bills in full and on time, and keep your credit utilization ratio low.

The best thing about Capital One and credit limit increases is that they will only result in a soft pull, thus won't affect your credit score.

The GM BuyPower rental car insurance policy provides coverage in case of collision and theft up to the cash value of most rental vehicles.

All you need to do is pay for your rental with your credit card and reject the optional collision damage waiver offered by the rental company.

You can check the full rental car insurance terms here.

Some Capital One Visa cards have changed to Mastercard recently, including Capital One Quicksilver Cash Rewards Credit Card. This change only applies to new accountholders, though, and it is not a universal switch for all Capital One Visa cards.

Capital One Visa Cards That Changed to Mastercard in 2020

• Capital One Quicksilver Cash Rewards Credit Card
• Capital One® Spark® Miles for Business
• Capital One® Spark® Miles Select for Business

It doesn't make much difference whether a Capital One credit card is a Visa or a Mastercard. Visa and Mastercard are the two most widely-accepted payment networks. They can be used at around 11 million merchants across the U.S. and in more than 200 countries and territories. Most places that accept one network will also take the other, with few exceptions.

Visa and Mastercard offer the same basic credit card benefits, too. They both guarantee zero liability for fraudulent charges, provide identity theft protection, and have 24/7 customer service.