Capital One No Hassle Miles Credit Card
The Capital One No Hassle Mile Reward Credit Card is for people who want to earn airline reward miles with their credit. Every time you use your credit card you earn airline miles which can be redeemed for free airline tickets some time in the future. With the Capital One No Hassle Mile Credit Card you can accumulate the rewards and use them for any airline you want.
With the No Hassle Mile credit card you will get a 0% introductory rate for the first 12 months of the credit card. After the introductory period the interest rate will turn into a variable rate starting at 8.15%. The interest rate quoted is for purchases and balance transfers during that time period. There are no annual fees involved with the Capital One No Hassle Mile Credit Card unless you plan on taking a cash advance which it then is 3% of what you took out.
You will earn airline miles every time you make a purchase. You cannot earn rewards on balance transfers or cash advances. For every dollar you spend you will earn 1.25 miles. This is better than the industry average of 1 mile for every 1 dollar spent. You can accrue as many miles as you want and they never expire. The only way you will lose your airline rewards is if you close your account.
The Capital One No Hassle Mile Reward Credit Card can be used for other rewards. If you do not see yourself travelling in the near future you can transfer the rewards for cash, gift cards, and other prizes. There is a lot of flexibility involved with this airline mile credit card. Capital One does not participate in the “Universal Default” program which is when you miss a payment or are late on any other account listed on your credit report. As an example if you missed a mortgage payment it would let them impose a higher interest rate at any time.
You will need to have excellent credit to get approved with for the Capital One No Hassle Mile Credit Card. This is because it does have lower interest rates and a flexible rewards program. If you can get approved you will have one of the most powerful airline credit cards available.
The Capital One No Hassle Mile Credit Card might be a little tricky to get approved on but its worth a shot trying. It has some of the lowest rates on all airline credit cards and you can redeem rewards for cash or miles.