Capital One Promoting Virtual Card News, Big Signup Offers

I receive compensation for content and many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).


Graham R. asks, “Is there a reason you don’t ever seem to mention Capital One credit cards?”

I’ve got Capital One cards included in my recommended credit card list. The products are mostly all fine, rarely best in class. For instance 2% travel rebate cards, nothing wrong with that and far better than average but you can do better than 2%. So I’m usually writing about either first tier or oddball stuff, and give less coverage to the next tier products.

Capital One’s points let you buy any flight without worrying about restricted award availability. This is most useful for people who use their rewards for domestic economy flights, and can be especially valuable over peak travel dates.

And there are some strong offers for CapOne products, for instance:

Capital One® Venture® Rewards Credit Card lets you earn a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel. Earning is 2x per dollar on all purchases, plus 10 miles per dollar on hotels when you pay with your Venture card at hotels.com/venture. It has a $0 annual fee the first year; $95 after that.

Capital One® Spark® Miles for Business lets you earn 50,000 miles once you spend $4,500 on purchases within 3 months from account opening. Earning is 2 miles per $1 on every purchase. There’s a $0 intro annual fee for the first year; $95 after that.

Capital One® Spark® Cash for Business has a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening. Earning is 2% cash back. The card has a $0 intro annual fee for the first year; $95 after that.

Capital One® Savor® Cash Rewards Credit Card has a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening. Earning is 3% cash back on dining, 2% on groceries and 1% on all other purchases, and there’s no annual fee.

Capital One is promoting the adoption of virtual card numbers. (HT: Jennifer Billock) Citibank is most known for a form of this service. Bank of America has something similar.

Having just one primary credit card number is a huge risk, providing thieves with a single point of access for fraud. A new system from Capital One aims to resolve that by giving users as many credit card numbers as they need, helping to minimize the damage from high-profile data breaches.

Virtual account numbers are one tool to reduce fraud and also increase consumer confidence using their card which may lead to higher spending, win-win for the issuer.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

More articles by Gary Leff »

Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.

Comments

  1. To me it’s not about the cash even though I think Capitol One is good. To me it’s about the miles and points. As Ryan Bingham would say “the miles are the goal”. What’s in your wallet? 🙂

  2. One of the biggest benefits to capital one for me is you can use it to pay for anything travel related. It doesn’t have to be a hotel. It can be hostels, trains, trams or hotels that are not available thru the travel portal… there are a number of options to use to pay with points. I have taken 2 three week long trips and have used capital one venture points to pay for the majority of the non-airline expenses.

  3. I used to use Capital One at 2%, but switched to Barclay at 2.1% and now to Alliant CU at 2.5% (3% first year.) Capital One just isn’t competitive with these others, with Alliant you don’t have to play the game of finding travel expenses to apply the credit toward. And for low dollar spenders, Citi double cash back gives 2% with no annual fee. So I agree, Capital One isn’t bet in class.

  4. I have been using BoA “Shop safe” (virtual credit card) for YEARS. When I read this article I immediately went oinline to y Cap 1 account and foun NO indication that they are offering a virtual credit card ala “shop safe”. This is a well kept secret

Leave a Reply

Your email address will not be published. Required fields are marked *