The Customized Cash Rewards Credit Card is a versatile cash-back credit card that allows cardholders to earn 3% cash back on the category of their choice, 2% on grocery stores, and 1% on all other purchases.
This customizable feature sets it apart from other cash-back cards, making it a top choice for individuals who want to optimize their rewards based on personal spending habits.
In addition to the flexible reward structure, new cardholders can earn a $200 cash bonus after spending $1,000 in the first 3 months from account opening.
The annual fee for the card is $0, which makes it an attractive option for individuals looking to maximize cash-back without the burden of an annual fee.
About the Financial Institution
The Capital One brand is one of the most prominent financial institutions in the U.S., known for its innovation in credit card offerings and commitment to customer satisfaction.
Capital One’s success is attributed to its customer-first approach, cutting-edge technology, and flexible financial solutions.
Its credit cards are designed with user-friendly features, such as mobile app management, fraud protection, and competitive rewards programs.
Additionally, the company has a strong commitment to sustainability and community support through various initiatives and partnerships.
Who Is the Customized Cash Rewards Credit Card For?
The Customized Cash Rewards Credit Card is an excellent option for:
- Cash-Back Enthusiasts: Individuals who want to maximize their cash-back rewards by selecting a category they spend the most in (such as dining, travel, or gas) will find this card especially valuable.
- Shoppers and Grocery Buyers: The 2% cash back on grocery store purchases makes this card a great choice for people who frequently shop for groceries and want to earn rewards in this everyday spending category.
- Budget-Conscious Consumers: With a $0 annual fee and the ability to earn rewards on almost every purchase, this card is a good choice for those who are looking for a straightforward way to earn cash back without the complexity of tracking rotating categories.
- Travelers: Because the card has no foreign transaction fees, it is ideal for international travelers who want to earn cash back on purchases made abroad.
Advantages of the Customized Cash Rewards Credit Card
The Customized Cash Rewards Credit Card offers multiple advantages for those looking for a flexible and rewarding cash-back credit card.
1. Customizable Cash Back Categories
One of the standout features of this card is the ability to choose your 3% cash-back category. Whether it’s dining, gas, online shopping, or travel, you can select the category where you spend the most to maximize your rewards. This flexibility allows you to tailor the card to your specific spending habits.
2. Generous Welcome Bonus
New cardholders can earn a $200 cash bonus after spending $1,000 in the first 3 months of account opening. This bonus is a great way to quickly earn back some of your spending and put that toward a future purchase.
3. 2% on Grocery Store Purchases
The card gives you 2% cash back at grocery stores, which is a highly valuable category for many consumers. Whether you’re buying essentials or preparing for a large family gathering, you’ll earn significant rewards on everyday grocery shopping.
4. $0 Annual Fee
Unlike many other rewards cards, the Customized Cash Rewards Credit Card comes with no annual fee. This makes it an attractive option for those who want to maximize their cash-back without paying extra fees.
5. 0% Introductory APR for 15 Months
For those who need to make larger purchases or want to transfer balances, the card offers a 0% APR for the first 15 months on purchases and balance transfers. After the introductory period, the APR returns to the regular variable rate, but this can still help cardholders avoid interest charges on large expenses during the initial period.
6. No Foreign Transaction Fees
The no foreign transaction fees is a great feature for those who travel internationally. Unlike many credit cards that charge a fee on purchases made outside the U.S., this card ensures that your foreign purchases won’t come with additional costs.
7. Easy Redemption Options
Cash-back rewards can be easily redeemed for a statement credit, gift cards, or even used to cover purchases made through Capital One’s online shopping portal. The process is simple and convenient, making it easy to access the rewards you’ve earned.
Additional Benefits
In addition to the primary features of the Customized Cash Rewards Credit Card, cardholders also receive several additional benefits:
- Fraud Protection: Capital One offers fraud protection to ensure your account is safe from unauthorized purchases. You can quickly lock your card if it’s lost or stolen.
- 24/7 Customer Support: Cardholders have access to round-the-clock customer service for assistance with any issues or questions about the card.
- Mobile App Management: The Capital One app provides a user-friendly experience, allowing you to manage your account, track rewards, and make payments conveniently from your smartphone.
Fees and charges
Late Payment: Up to $40;
● Introductory APR: 0% for 15 billing cycles;
● Standard APR: 18.24% - 28.24%;
● Balance Transfer Fee: 3% fee on balance transfers in the first 60 days; afterward, 4%;
● Cash Advance: 4% of the amount of each transaction.
Expert review
The Customized Cash Rewards Credit Card from Capital One is a strong option for those who want flexibility in earning cash back.
Offering 3% on the category of your choice, 2% at grocery stores, and 1% on all other purchases, it provides significant rewards without complicated category tracking.
With a $200 sign-up bonus, no annual fee, and a 0% intro APR for 15 months, this card is ideal for everyday spenders and frequent shoppers.
Its customizable rewards and no foreign transaction fees make it an excellent choice for consumers seeking simplicity and value.
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+Positive points
- 3% cash back on the category of your choice, allowing customization based on your spending.
- 2% cash back on grocery store purchases, perfect for frequent shoppers.
- $200 bonus after spending $1,000 in the first 3 months of account opening.
- No annual fee, making the card appealing for those who want to enjoy the benefits without additional costs.
- 0% intro APR for 15 months on purchases and balance transfers, providing interest savings during the initial period.
- Negative points
- Category limitations: The 3% category must be selected in advance and may not be ideal for all consumers.
- Only 1% cash back on other purchases, which may be less attractive compared to other rewards cards.
- No major travel perks: While the card has no foreign transaction fees, it doesn't offer significant travel-related rewards or benefits.
