Capital One Cashback Card
Capital One's new Platinum Cashback card focuses on one feature and one feature only: cashback!
You won't find any impressively long balance transfer deals or free purchase periods, and the standard rate of the card is a fair but not outstanding 15.9% typical APR.
What you DO get is a pretty impressive cashback rate of 4% - although this lasts for just 3 months, before reverting to a less impressive but still attractive rate of 1%. Capital One say there's no catches - unlike certain other competing cards there are no exclusions on what you get cashback for, it applies to all purchases.
There's really not a lot more to say about this card. If you have a good credit rating and spend a lot on your current card, without needing additonal features, then the cashback you could earn with this card could make it well worth switching.
Platinum Cashback Card Summary
| Standard Rate: | 15.9% typical APR (variable) |
| Balance Transfer Deal? | No balance transfer offer |
| Purchases Deal? | No offer on purchases |
| Balance Transfer Fee: | 3% |
| Introductory Cashback | 4% for 3 months |
| Standard Cashback | 1% |
| Rewards Program? | |
| Annual Fee: | - |
| Interest Free Period: | Maximum of 45 days on purchases |
| Minimum Repayment: | 3% of balance or £5, whichever is greater |
| Minimum Credit Limit: | £1000 |
| Maximum Credit Limit: | £16000 |
| Notes: | Featuring a high cashback rate of 4% for 3 months |
