People get rewards credit cards for all kinds of different reasons: Cash back, bonus miles, reward points and more! It's easy to get excited about credit card rewards.
Regardless of your reason, the vast majority of rewards cards have a one time signup bonus for eligible shoppers. And people that know how to work the system can reap the benefits of these bonuses without putting themselves in financial jeopardy.
Entire schools of thought have sprung into existence on how to best utilize these bonuses, travel hacking is one example. By taking advantage of signup bonuses, travel hackers get free flights and a host of other rewards by using a credit card to pay for things they would have to spend money on anyway.
If you're reading this, then you're no doubt interested in Capital One's specific offerings. We've gone through their options and compared them to give you the best one time bonus cards, as well as the best options from Capital One's major competitors.
Capital One: Best One Time Bonuses
Capital One has several fantastic reward cards, and the best ones come with great signup bonuses. That said, there is no one "best" overall card. Value-wise, a single card can be determined, but it isn't necessarily going to be the best for everyone. We've broken down the top four cards and laid out the particulars for you. So you don't have to.
Best One Time Travel Bonus: Capital One Venture Card
The Capital One Venture Card is one of the best travel rewards cards out there. With travel rewards points and other bonuses it offers impressive value, but it's not currently the highest value bonus Capital One offers. It is, however, among the highest consumer level rewards cards from Capital One. But with all of those rewards a credit score that matches the benefit is required. Those that want to apply for a Venture Card should have Excellent credit. In other words, a rating of 720 or higher.
Best One Time Cash Back Bonus: Capital One Quicksilver Rewards
We've reviewed the Quicksilver before, and for good reason: It's one of the best cashback rewards cards a person can get. With cashback rewards as its major perk, the Quicksilver has a lot going for it. For consumers, this is the best one time cash back card you can get from Capital One when we take into account overall value of perks and current bonuses. The card can be used for new purchases or balance transfers, as it has been known to offer an APR incentive, as determined by the card issuer.
Finally, to apply for a Quicksilver card, you should have a credit rating of Excellent or higher.
Best One Time Travel Bonus for Business: Capital One Spark Miles for Business
Capital One divides its cards between normal consumers and business cards. While an average person could probably apply for one of the business cards, the requirements are much higher. The Spark Miles for Business card currently yields the highest value travel rewards of any Capital One card. So don't expect it to become easier to get any time soon.
Like the Venture Card, the Spark Miles for Business card offers miles in exchange for your business as well as a host of other perks which could include annual fee and travel incentives. But to unlock this card into your repertoire you need to have Excellent credit.
Best One Time Cash Back Bonus for Business: Capital One Spark Cash for Business
It's a lot like the Quicksilver, except for businesses instead of individuals. The Spark Cash for Business card offers cashback on purchases and bonus incentives that keep it competitive. Because its a business card with high rewards, it will be harder to get approved for then other cards with similar benefits. You'll need at least an Excellent credit score to qualify for the Capital One Spark Cash for Business card. No surprise there. This is typical among the full line of Capital One cards reviewed here.
How Do One Time Bonus Cards Differ?
As mentioned at the top of this article, almost all Capital One cards include some form of a signup bonus, as do most rewards credit cards in general. The bonus is a further incentive for consumers to utilize the card's services. That said, "standard" credit cards — those without rewards — do not offer one time bonuses.
What About Competing Cards?
Capital One has quite a few great sign-up bonuses, but they aren't alone in that. As promised, here's what to expect from the closest competition.
Chase Sapphire Preferred Card
The Chase Sapphire Preferred is one of those cards that gets touted constantly on the television. You've no doubt seen it advertised in commercials countless times. There's good reason, too; the travel rewards system is impressive. In addition to competitive travel rewards, there is a full suite of travel perks for the luxury traveler. This includes complementary travel insurance, reimbursement for delays, baggage delay insurance, liability protection and 24/7 access to customer service specialists.
Whether traveling for business or pleasure, I think we can all agree that's not a bad deal.
The Platinum Card from American Express
The Amex Platinum is one of the most well-known cards out there, if only for the sheer amount of prestige it carries. It's a powerful rewards card that yields tremendous results for those who qualify.You get points, points, points!: when you book a flight or hotel directly with the airline or via American Express Travel. More benefits include uber credits, airline credits, travel fee credits and exlclusive VIP travel lounge access, restrictions apply.
While Capital One has quite a few enticing bonuses, so do its competitors. Take the time to evaluate whether a Capital One card or one of its competitor's cards will be the best fit for you.
If you opt for a one time bonus card, it will be a rewards card of some type. Keep a few things in mind:
First of all, all rewards cards require Excellent credit. If you have an Excellent credit rating and are looking for the Capital One card with the single best value then you can't go wrong with the Capital One Venture. Its rewards structure and bonus yields a huge amount of value, especially to frequent travelers.
But make sure to pay the balance off in full each month and you can avoid the potential negative effects of credit cards. Utilizing these cards properly can result in free travel, cash and much more. And that's a winning strategy for anyone who wants to live in the lap of luxury!