What Is The Best Capital One Credit Card For 2019?

Capital One provide a wide range of credit cards for the US market. Many of these have features or special offers which will appeal to certain users. In this article we highlight what we think are some of the best cards for travel, for rewards without an annual fee, for cashback and for business use.

Capital One cards
Which are the best cards from the range of Capital One cards available?

Best for travel rewards – Capital One® Venture® Rewards Credit Card

The Capital One® Venture® Rewards Credit Card  is one of our favorite travel cards on the market, and a card we have covered extensively on Simple Flying. For the price. It offers some of the best benefits available, many of which are focused on the frequent traveler.

The card has an annual fee of annual fee of $95. If you make use of the earning and benefits you can easily justify this. But to make it even better, this fee is waived for the first year. You can try out the card and make sure it works for you, then switch to a different one after the first year it it’s not right for you!

Capital One Venture Rewards Card
The Capital One Venture Rewards Card. Photo: Simple Flying

The card earns Venture Miles – a simple to use scheme with a fixed value of one cent per mile for redemption. Miles build up quickly, with an excellent sign up bonus of 50,000 Venture Miles for initial spending of $3,000 within the first three months. Ongoing, the card awards two miles per dollar for all spending – an excellent earning rate!

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Venture Rewards sign up bonus
Capital One Venture Rewards excellent sign up bonus offer. Image: Capital One
Plenty of extra benefits

There are many bonuses for the frequent traveler to take advantage of – including:

  • No foreign exchange fees on purchases
  • Bonus 10 miles per dollar on all hotel spend at hotels.com
  • The ability to transfer miles to 15 airline partners (mostly at the slightly poor rate of 2:1.5 for most partners). This can greatly increase the value of miles when used for airline redemption. See our guide for more ideas on how to redeem for best value!
  • Receive up to a $100 rebate when you apply for Global Entry or TSA PreCheck
  • Included travel protection and lost luggage insurance
  • Free Collision Damage Waiver when you rent cars using the card
Venture miles transfer partners
Just some of the possible Venture Miles transfer partners. Image: Capital One

Overall, the Capital One® Venture® Rewards Credit Card is an excellent card for the frequent traveler. It is hard to beat the benefits for this annual fee, and the earning rate and hotel bonuses are excellent. For more details of the card and its benefits see our guide here.

Best rewards for no annual fee – Capital One® VentureOne® Rewards Credit Card

The Capital One® VentureOne® Rewards Credit Card is another excellent card from Capital One, also with good travel rewards. This is a simple to use card with no annual fee. Benefits are obviously less than with the Capital One® Venture® Rewards Credit Card, but are very good for a no fee card!

The card offers a promotional rate of zero per cent on all purchases made within the first 12 months – a useful offer if you are looking to make a large initial purchase.

Capital One VentureOne card
The Capital One VentureOne Card. Photo: Simple Flying

As with the Capital One Venture Rewards Card, the Capital One® VentureOne® Rewards Credit Card awards Venture Miles for spending. There is a good bonus of 20,000 miles, for a low spend target of $1,000 within the first three months. This is not a bad offer for a card with no annual fee. All spending on the card earns 1.25 Venture Miles per dollar.

Ongoing benefits include:

  • No foreign exchange fees on purchases
  • Bonus 10 miles per dollar on all hotel spend at hotels.com (the same excellent offer as the Venture Rewards Card)
  • The ability to transfer miles through the Ultimate Rewards program to 15 airline partners, and redeem via partners for better value airline awards
  • Included travel protection and lost luggage insurance
Hotels.com and Capital One Venture
Earn bonus miles with hotels.com. Image: Capital One

The VentureOne card is a great choice for a card with no annual fee. It is particularly well suited to the lower spender, who would not necessarily benefit from the extra miles earning of other cards, and will find the low target for the sign up bonus easier to reach. See our comparison for more discussion of the difference between the VentureOne Card and the Venture Rewards Card.

Best card for cashback– the Capital One® QuicksilverOne® Cash Rewards Credit Card

The Capital One® QuicksilverOne® Cash Rewards Credit Card is a great choice for a simple to use card that offers good cashback rates. There are no miles earnings or airline program transfers available with this card, but sometimes a simple card that avoids this is best!

Capital One QuickSilver Cash Rewards Card
Capital One QuickSilver Cash Rewards Card – A simple to use card that earns great cashback. Photo: Simple Flying

All spending earns a flat cashback rate of 1.5 per cent. There are no different earning rates or bonus categories as with some other cards. This keeps it simple, and the overall rate high. And to make it even better the card has no annual fee!

There are no specific travel bonuses, but there are several great benefits – not bad for a free card:

  • No foreign transaction fees
  • An introductory bonus offer of $150 cashback when you spend $500 within the first three months
  • A zero percent APR offer for all purchases for the first 15 months
  • Zero percent APR on balance transfers for the first 15 months (with a fee of three percent)

High spending card users, or those who want to maximize rewards with transfers to airlines, might want to look elsewhere. But for a reliable, simple card with great rewards for the moderate spender – the Capital One QuickSilver Cash Rewards Card is one of the top choices around. And with no annual fee, and an easy to reach spending target, this is great introductory card that anyone can benefit from.

Chase QuickSilver benefits
Capital One QuickSilver Cash Rewards Card – simple cashback earning. Photo: Simple Flying
Cashback paying alternative for higher spenders

High spenders who also want a simple cashback paying card should look at the Capital One Savor Cash Rewards Credit Card. This has an annual fee of $95, but offers higher earning rates and bonuses if used carefully.

With this card, you can earn a sign up bonus of $300 cashback with spending of $3,000 in the first three months. Cashback rates are:

  • Four percent for all dining and entertainment spending
  • Two percent at grocery stores
  • One percent on all other spending

This requires more spending than the Capital One QuickSilver Cash Rewards Card to trigger the bonus and to justify the annual fee, but it can be more rewarding if you will spend enough in the right categories.

Best card for business spending – Capital One® Spark® Miles for Business card

The Capital One® Spark® Miles for Business is a great business card offering from Capital One, offering Venture Miles for spending rewards. It has an annual fee of $95 but this is waived for the first year.

Ongoing spend earns two Venture Miles per dollar – this applies to all spending regardless of type / category.

Capital One Spark Business Card
The Capital One Spark Business Card. Photo: Simple Flying

As the name suggests, this card is designed for business spending by business owners. The criteria for this are quite wide – freelancers and several other categories apply as well as company owners. Authorized employees can also have cards.

The main benefits of the card include:

  • Ability to participate in the Venture Miles program. This allows Miles earned to be used for statement credits at a rate of one cent per mile – effectively a two percent rebate on all spending.
  • For better value, Venture Miles can be transferred to airline partners and redeemed for flight awards. See our guide to the best value here.
  • The card offers a welcome bonus of 50,000 Venture Miles for spending of $4,500 within the first three months. The award (and spending target) is occasionally raised – if you will have enough business spend this is worth looking for!
  • There are no foreign exchange transaction fees for purchases
  • Warranty extension on all purchases. This extends a US manufacturer’s warranty by up to one year on warranties of three years or less
  • Free cards issued to eligible employees, earning the same rewards
  • Free Collision Damage Waiver when you rent vehicles using the card
Singapore Airlines First Class
Enhance the value of rewards from business spending by transferring miles to airline programs and booking premium ticket. Photo: Singapore Airlines
A cashback alternative for business users

For those that prefer simple cashback rates to mileage earning Capital One also offer the Capital One® Spark® Cash for Business. This awards cashback on all spending at the high rate of two per cent, and has an excellent sign up bonus of $500 cashback with $4,500 within the first three months. It has the same $95 annual fee, waived for the first year.

With the option to transfer potential high earnings from business spend to airline mileage programs, we prefer the Capital One® Spark® Miles for Business. But if this is not of interest, the cash version is well worth considering!

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