bank rates

0% Interest on Capital One Card

If you’re all about racking up free travel, Capital One’s “No Hassle Miles” credit card can’t be beat.

You get a 0% interest rate for the first 12 months, so you could make a big purchase and pay if off before the standard 13.99% rate kicks in.

You also earn 1.25 points for each dollar spent. To figure out how far your points will take you, just add “00” to your total. If, for example, your plane ticket costs $250, you would need 25,000 points, and there are no blackout dates or seat restrictions.

You also get free roadside assistance, travel insurance, auto rental insurance and can use points for hotel rooms, car rentals, cruises and other travel-related expenses.

While you can redeem your points for merchandise, travel is what this card is about.

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Comments (9)
1 Star2 Stars3 Stars4 Stars5 Stars (18 votes, average: 3.67 out of 5)
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9 Existing Comments
  1. hallmonitor said:
    on February 26th at 11:41 am

    capital one seems to be one of the card companies still making an effort on good customer service. I had to call them on a couple of billing problems and they were very responsive.

  2. marketsense said:
    on February 26th at 12:18 pm

    Good offer.

  3. Bob said:
    on February 26th at 07:30 pm

    Just got my Capital One Cash rewards card today and activated it. 1 pt for 1 dollar spent, 2 pts for restaurants and entertainment, my own image, and a choice of how and when to receive the reward. You can’t beat that. Used to use the Citi Thankyou rewards, but they’ve scaled that back now. they had the best rewards before Capital One’s deal. With the new card, I also get the 0% on purchases for a year, and all the standard free Mastercard perks, like extended waranty service, travel assistance services, etc.

  4. BloggingBanks said:
    on February 27th at 05:42 am

    What is the balance transfer fee for this card? If it is over 3%, then you can’t do credit card arbitrage.

  5. Legacy said:
    on February 27th at 10:13 am

    That’s really good.

  6. ING Bank $25 Bonus said:
    on February 27th at 10:45 am

    ING Bank Savings $25 Bonus. Make sure you follow the rules. One time use only. Hurry, it expires on 03/29/2009.

    ING Bank $25 Bonus link.

  7. JD said:
    on February 28th at 01:02 pm

    When I opened my account last fall, there was no balance transfer fee. With 0 % interest for the first 12 months, I’ve been able to nearly pay off my balance from 2 other cards I transfered to this account. I don’t think this deal can be beat, assuming there is still no balance transfer fee.

  8. CardZ said:
    on March 2nd at 11:14 pm

    I love this card. Saved bunch of money on interest and on top i will earn 2 free tickets to NY by summer.

  9. ROBERTO said:
    on March 8th at 05:45 pm

    Be careful. We have been cardholders since 2005. Always paid balance in full each month, never late and this week received a notice that “they are committed to providing valuable customer like you with honest and open communications. …Having considered these economic conditions, your acount’s current Purchase rate, and length of time you’ve had this rate and account we will be increasing your Purchase rate…also Cash Advance and Default rates. New APR is Prime + 14.65; advance Prime + 21.65; defalt Prime + 26.15! And this for a customer with a credit score of 803! No thanks!