Capital One and Chase are regularly advertised online, in print ads, and commercials. They each have several cards each that have some amazing benefits. Looking at the details closely of each one will determine which card is right for you.
There are many similarities of both the Capital One and Chase credit cards. Each one is slightly different and may offer an advantage or benefit that seems custom fit for you.
They each are backed by the Visa logo, which means they are accepted virtually everywhere, worldwide. Online merchants, hotels, restaurants, and more are accepting the card, so it can be used to buy whatever you want or need.
Credit cards, regardless of whether they are Capital One or Chase card, will let you make purchases and pay for them over time. But there’s something more important to consider — the perks. What’s important to you?
- Travel Rewards
- Cash Back
- Points Towards Shopping
- Low Interest Rates
- Paying Off Debt Quickly
Capital One Credit Cards
Capital One has the motto of “No Hassle” which means you can redeem the points when you want for whatever you want. There’s no blackout dates and there’s no seat preferences. You can fly on whatever day you want and sit wherever on the plane you want. Other cards come with blackout dates, so you have to plan your vacation around a credit card company instead of life.
The bank has multiple cards customized for both individuals and businesses. For every mile you spend, you earn points. These points can then be turned into travel rewards, shopping sprees or simply cash back. There’s no limit to the points, so you can keep saving until you reach a level of where you want something. Expired points don’t exist.
Chase Credit Cards
Chase’s claim to fame is their Slate card. The card allows you to customize your debt so that you can pay down a balance easier. In today’s economy, this is a great feature. You can choose to pay it all off when the statement comes, tell it how much you can afford to pay, and even set larger purchases on a different tier, which will help save money on interest.
Each of Chase’s cards has a different benefit. One is designated for travel, another gives cash back, and another is for saving money on interest. This allows you to choose the card that makes the most economical sense for you. If you never travel, then there’s no sense having a card that’s designed to give you great travel rewards.
Capital One’s card rolls all of the features of a Chase card into one. It’s like being able to have your cake and eat it too. You just might not get as much as with a Chase card. There’s a choice to be made. Do you want it all, or do you want to have one specific category that offers the best it can possibly be?
When it comes to APRs and interest rates, they are pretty competitive. It can change monthly, so if that’s your primary focus, it should be compared equally. One may offer zero interest initially while another may start you off with a certain amount of points for signing up. The APR will most likely be within a point of each other, so pick it based on the other benefits.
You can shop anywhere you want with both. They will both have fraud protection on them, as well, so you won’t have to worry about identity theft or anything like that. If fraudulent charges are made on either card, you’re not responsible for those charges. That’s a great feature, no matter which card you choose.
Both cards make it easy to apply for and manage. You can fill out online applications for both cards and find out if you are approved within moments. If that’s not enough, you will have access to customer support 24/7. You’ll also be able to manage your account activity online at any time you want. This will allow you to pay bills online, check your available balance and see what your purchasing history is.
Ultimately, it’s up to the consumer to choose which card works for them. They both have great benefits including points for cash back and travel. The introductory and APRs of each change regularly, so it comes down to what makes sense for you.