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April 17, 2006
Editor's Review Of Capital One No Hassle Cash Rewards Credit Card
The Capital One No Hassle Cash credit card is exactly what the name of the card says - plain and simple you get 1% cash back on all purchases - unlike many other cash rewards credit cards that have several limitations on how your cashback is earned, Capital One's cash back offer provides you with 1% on all purchases.
Like all other offers by Capital One there are simple terms & conditions without the confusion and clutter that you will find with most other banks and lending institutions. This straight forward simple approach is what keeps Capital One a leader in the credit card finance business. There are no annual membership or balance transfer fees. There is also a competitive APR of 9.9% which at the time of publishing this review is in line with most other lenders. No, it's not the cheapest rate nor is it the most expensive interest rate - it is a rate that all top lenders are offering for similar credit cards. Again, what differentiates Capital One No Hassle Cash is the fact that there are no limitations on how your cash back is earned - you earn on all purchases.
If you are the type of person who pays their credit card balance in full each billing cycle then this is an awesome card to have. The No Hassle Cash card will be like having an additional savings plan on your side. For all purchases you get 1% cash back. What I recommend with cash back cards is that you take your cash back and put it in your retirement savings account.
Now, for those of you who don't pay your balance in full and want a Capital One card I recommend applying for the Capital One Platinum as you will enjoy a lower interest rate. If you don't pay your full balance each billing cycle the 1% rewards are wiped out by the 3% higher interest rate on the No Hassle Cash card - you will be further ahead by using the lower interest Platinum card.
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Comments
I received an account refund check with no explanation. Am I to cash this check with no strings attached.
Posted by: Robert L Donald | June 3, 2006 07:47 AM
Anytime I receive a check with my name on it, I cash it :)
If you have doubts call the issuing company to confirm.
Posted by: Colin | September 19, 2006 12:26 AM