Capital One® Cash Rewards for Newcomers Summary
A card designed to help those new to the U.S. establish credit and earn cash back
Build credit with responsible use -- plus automatic reporting to the three major credit bureaus
Get 2% cash back on travel purchases
Creditnet's Full Review
The Capital One® Cash Rewards for Newcomers is for anyone who is new to the U.S. and wants to start establishing credit:
- A card designed to help those new to the U.S. establish credit and earn cash back
- Build credit with responsible use -- plus automatic reporting to the three major credit bureaus
- Get 2% cash back on travel purchases
- Earn 1% cash back on all other purchases
- No foreign transaction fees
- No annual fee
Creditnet's Expert Rating & Review
Unlike most competing cards for credit newbies, the Capital One® Cash Rewards for Newcomers offers up to 2% cash back on travel purchases with no annual fee. It also has no foreign transaction fees and places no limit on the amount of cash back you can earn.
Least Favorite Features:The interest rate is on the high side at 24.9%, but interest charges can easily be avoided by always paying your monthly balances in full.
Our Final Take:If you have limited credit history but still want a card that provides cash back rewards, the Capital One® Cash Rewards for Newcomers is great no annual credit card to consider. It can not only help you further improve your credit scores by reporting your payment history to the major credit bureaus, but you'll also be able to enjoy free cash back rewards along the way.
Offer details may have changed since the last update of the information on this page. Please see Fees, Terms & Conditions for updated and complete information.
| Intro APR: | N/A | Credit Required: | fair |
| Intro Period: | N/A | Set Up Fee | $0.00 |
| Ongoing APR: | 24.9%* (V) | Annual Fee | $0.00 |
| Penalty APR: | 29.4% |
| Intro APR✝: | N/A |
| Intro Period: | N/A |
| Ongoing APR: | 24.9%* (V) |
| Penalty APR: | 29.4% |
| Transfer Fee: | None |
| ✝ Must initiate transfer: | N/A |
| Ongoing APR: | 24.9% (V) |
| Penalty APR: | 29.4% |
| Advance Fee: | Either $10 or 3% of the amount of each cash advance, whichever is greater. |
| Other Rates | |
|---|---|
| Foreign Transaction Fee: |
0% |
| Min. Interest Charge: | $0.50 |
| Credit Line | |
| Min: | See Terms |
| Max: | See Terms |
| Penalty Fees | |
| Late Payment: Up to $35 |
|
| Over the Credit Limit: | Up to $29 |
| Returned Payment: | Up to $35 |
