Sunday, December 30, 2007

How to get your Capital One Rewards Card 25% annual bonus...

For some peculiar reason beyond my comprehension, the 25% bonus that makes this the most superior cash back card in the consumer credit ecosystem does not explain how you receive this bonus in their brochures or on their website, so I gave them a call.

Transferred to India to ask the question over a VOIP solution that was choppy and hard to understand, transferred back to the US for the actual answer, I was told that the balance is automatically applied to your balance one to two billing cycles after your november bill and is applied to your previous october through november balance. This is great news and the right way to do it. Just wanted to share because I know most people I know have moved to this card due to 1.25% return on everything you buy being the best you can find. And if you find a better one, please share! This assumption is based on the fact that there is no way I buy enough groceries or gas to make the 1% plus 5% on gas and groceries a better bet, but maybe if you buy lots of either of those they are better.

The other thing that makes this card a must have for your wallet is NO foreign exchange fees. Citi cards have huge fees for any business done in foreign currencies.


Brock said...

Is the bonus applied to your un-reedemed rewards balance? Or do you get the bonus for all the rewards you earned, even if you have already redeemed those rewards? Thanks.

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