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Capital One Cash Rewards for Newcomers

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Highlights

  • A card designed to help those new to the U.S. build credit with automatic reporting to three major credit bureaus
  • Learn more about U.S. credit with a free online guide provided by MoneyWise
  • Earn 2% cash back on travel purchases and 1% on all other purchases
  • No foreign transaction fees
  • No annual fee

Rates & Terms

Purchase Intro APR Regular APR Annual Fee Balance Transfer Period
N/A 24.9%* Variable $0 N/A
  • Purchase Intro Period: N/A
  • Balance Transfer Intro Rate: N/A
  • Balance Transfer Rate: 24.9%* Variable
  • Cash Advance Rate: 24.9%* Variable
  • Late Fee: Up to $35
  • Cash advance Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
  • Balance Transfer Fee: $0
  • Cash Advance Minimum: N/A
  • Balance Transfer Minimum: N/A
  • Credit Profile: Good Credit Score

Capital One Cash Rewards for Newcomers Review

The Capital One® Cash Rewards for Newcomers is specifically designed for those new to the U.S. seeking to build credit with automatic reporting to three major credit bureaus.  Potential card members will be pleasantly surprised with a cash rewards program that lets you earn 2% cash rewards on travel purchases and 1% on all other purchases. Your cash rewards don’t expire, there’s no limit to the amount of cash you can earn, and you can get your cash back anytime as an account credit or check, or via automatic redemption. 

If you don't currently have a substantial credit rating and are looking for a great first card, the Capital One Cash Rewards is a great choice.  But if you have already established your credit rating, and have a credit history, there are a number of cards with more enticing rewards programs worth exploring on our Rewards Credit Cards page.