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Capital One® No Hassle Cash(SM) Rewards for Students Review
Issued by Capital One
  
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Overall Rating:
Benefit Rating:
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The Capital One® No Hassle Cash(SM) Rewards for Students is for students with a limited credit history who are looking to take advantage of the cash reward program.
Through the reward program, cardholders earn a full 1% cash back on all purchases, and a 25% bonus on all cash earned in the previous year. There is no limit to the amount of cash back that can be earned, no expiration date, and no minimum required to redeem for cash. Cash rewards can also be redeemed for gift cards.
This card has a $29 annual fee, a 0% introductory rate that can be applied to purchases until December 2008 and a high interest rate for purchases and balance transfers once the introductory rate expires.
In addition, this card provides platinum benefits and services including extended warranties for purchases, travel accident insurance, and roadside assistance. Cardholders are also eligible to receive exclusive savings: up to 40% on featured deals and 10% on everything else at Capital One® Saving Zone(SM) on Yahoo! Shopping.
Therefore, those students who want a cash back reward card and will take advantage of the additional services may benefit most from what the Capital One® No Hassle Cash(SM) Rewards for Students card has to offer.
Through the reward program, cardholders earn a full 1% cash back on all purchases, and a 25% bonus on all cash earned in the previous year. There is no limit to the amount of cash back that can be earned, no expiration date, and no minimum required to redeem for cash. Cash rewards can also be redeemed for gift cards.
This card has a $29 annual fee, a 0% introductory rate that can be applied to purchases until December 2008 and a high interest rate for purchases and balance transfers once the introductory rate expires.
In addition, this card provides platinum benefits and services including extended warranties for purchases, travel accident insurance, and roadside assistance. Cardholders are also eligible to receive exclusive savings: up to 40% on featured deals and 10% on everything else at Capital One® Saving Zone(SM) on Yahoo! Shopping.
Therefore, those students who want a cash back reward card and will take advantage of the additional services may benefit most from what the Capital One® No Hassle Cash(SM) Rewards for Students card has to offer.
Review Date: August 20, 2008
Note: The review on this card was updated on August 20, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
| Credit Card Rate Details | |
Intro Rate (Intro APR):
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0% on Purchases until December 2008 |
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Intro Applied Towards:
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Purchases |
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Additional Intro Details:
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A 0% introductory rate is available on purchases until December 2008. See terms and conditions for complete details. |
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Purchase APR:
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16.65% |
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Cash APR:
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22.65% |
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Finance Configuration:
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Average Daily Balance (including new purchases) |
| Credit Card Fee Details | |
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Annual Fee:
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$29 |
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Additional Cardholders:
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$0 |
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Grace Period:
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25 Days |
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Late Payment Fee:
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Balance of $0 - $99.99 = $15 fee; balance of $100 - $249.99 = $29 fee; balance of $250 or more = $39 fee |
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Over the Limit Fee:
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Credit limit of $0 - $499.99 = $19 fee; credit limit of $500 - $999.99 = $29 fee; credit limits of $1,000 or more = $39 fee** |
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Cash Advance Fee:
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3% of amount of the cash advance, but not less than $10. |
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Balance Transfer Fee:
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None |
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Minimum Credit Limit:
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$300 |
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Maximum Credit Limit:
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$3,000 |
| Credit Card Reward Program Details (Rebate) | |
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Rebate Minimum:
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1% |
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Rebate Maximum:
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25% |
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Additional Rebates:
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Cardholders earn a full 1% cash back on all purchases, and a 25% bonus on all cash earned in the previous year. |
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Rebate Details:
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There is no limit to the amount of cash back that can be earned, no expiration date, and no minimum required to redeem for cash. Cash rewards can also be redeemed for gift cards. |
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Expiration:
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None |
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Yearly Limit:
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None |
| Features | |
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Most Attractive Feature(s):
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| Common platinum benefits; reward program. | |
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Least Attractive Feature(s):
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| Annual fee. | |
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Additional Features:
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| Exclusive savings: up to 40% off featured deals and 10% savings on everything else at Capital One® Saving Zone(SM) on Yahoo! Shopping. 24/7 customer support and online account service. $0 Fraud Liability for unauthorized use if your card is lost or stolen. Additional safety on your purchases, thanks to extended warranty program. 24-hour Roadside Assistance with lock-out service, towing, and flat repair. $100,000 Worldwide Automatic Travel Accident Insurance. Collision, Damage, and Loss Insurance on rental cars. Emergency card replacement or cash advance if your card is lost or stolen. |
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Important Notations
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| This card is for applicants with Limited Credit History. *See Capital One® important disclosures for more information. **The over-the-credit-limit fee will be based on the amount of the cardholder's credit limit at the time the fee is applied. | |
