Capital One Cards
Capital One doesn’t seem to do much anything quietly. In our current age of fast-forwarding through commercials or avoiding them entirely, I still end up with Capital One spots forced upon me. I blame live sports. However, Capital One has gradually won me over in a very understated manner. Indeed, I find myself feeling completely the opposite about Capital One now. And that’s a good thing. Shocker – Capital One cards have something to do with it. But that’s not all. Here’s why I’ve flipped on Capital One.
Stellar Business Cards
First, I came around on the Capital One Spark Cash Plus. When the card arrived with a huge welcome offer, I shrugged. Beyond the welcome offer, I saw just another 2% cash back card. I already possessed plenty of those options with no annual fee, so why pay $150 to Capital One for that privilege? Besides, I had plenty of other stuff going on, and I wasn’t ready to take on those welcome offer terms quite yet.
Long story short, things have changed, and this card having no preset spend limit means the world to me currently. Other cards may do better on an earn rate, but scaling at 2% continues to deliver in my situation.
And Capital One has since stepped it up with the Spark Travel Elite. Remember all of that fuss about the Capital One Venture X? The Travel Elite’s 250k point welcome offer leaves the Venture X’s 100k launch offer in the dust. The cards’ benefits are essentially the same, in addition to identical $395 annual fees. The major hurdle here is you need to apply via a business banker. Mark shared one such way to track one down.
We’ve had a Capital One relationship for a good while, albeit a limited one. The ING Direct Orange accounts we opened ~20 years ago became Capital One 360 accounts. During the past few years, my wife and I applied for Capital One cards, mostly the Capital One Venture during escalated welcome offers. Capital One denied all of our applications. But recently, the approvals started arriving. What/who I talk about next may have something to do with that.
Relationship manager, business banker, private banker, account manager, representative, etc – they’ve been called many things. I had some questions about the nuances of the Spark Cash Plus, and I touched base with a Capital One relationship manager. He walked me through the product in addition to asking me some questions I had expected. I applied through a link he sent, and I was instantly approved.
Correlation doesn’t mean causation, but I’m confident working through him set me up for success. Beyond the approval, I genuinely enjoyed talking with my point of contact at Capital One. I can’t remember the last time I said that about anyone in the financial industry, if ever.
Redemption Options Are Growing On Me
As I mentioned above, I love 2% cash back earning on a card with no preset spend limit. But beyond the Spark Cash Plus, Capital One’s travel partners are growing on me. Here are the 1:1 transfer partners:
- Aeromexico Club Premier
- Asia Miles
- Avianca LifeMiles
- British Airways Executive Club
- Choice Privileges
- Emirates Skywards
- Etihad Guest
- Finnair Plus
- Flying Blue
- Qantas Frequent Flyer
- Singapore Airlines KrisFlyer
- TAP Miles&Go
- Turkish Airlines Miles&Smiles
- Virgin Red
Additionally, Capital One miles transfer to EVA at 2:1.5 and Accor at 2:1 ratios. Many of the above partners can be found with other banks, such as Chase, Amex, and Citi. But I see that as a positive – cardholders can take points from multiple bank currencies to realize even more lucrative rewards. In the future, I’m particularly interested in tinkering more with Virgin Red, Accor, and Flying Blue. Also, Disney hotels can be booked via the Capital One Travel Portal at similar rates to direct.
The Future Is Bright, Right?
I haven’t pursued Capital One cards on the personal side since obtaining a business card. But I’d like to think I’ll be more successful with personal applications since I’ve established more footing with a Capital One business card. At the very least, I can follow up with reliable Capital One employees prior to any application. I may be squinting a bit to make out something I want to see. Regardless, I’m more hopeful for personal card approvals now than I was before.
As hobbyists, we feel passionately about a variety of topics. But I feel an open mind is key to grow even more successful with points and travel. My recent experience with Capital One is an example. Several months ago, I felt one way about them but was willing to be convinced otherwise. On the other end, I’m now in a better position to play the game. Do you enjoy Capital One cards? What’s been your favorite aspect?
Capital One Venture X Business earns 2X miles on everyday purchases plus up to 10X in bonus categories. You also get access to Capital One lounges plus an annual travel credit & anniversary bonus. Right now you earn bonus_miles_full.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.