Capital One has refreshed their card_name with a sign-up bonus, no annual fee, and unlimited 3% cash back at both restaurants and grocery stores (no Walmart/Target Superstores). Here are the highlights:
- One-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening
- 3% cash back at grocery stores (excluding superstores like Walmart® and Target®). No spending cap.
- 3% cash back on dining, entertainment and popular streaming services.
- 1% cash back on all other purchases.
- 8% cash back on Capital One Entertainment purchases.
- 5% cash back on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options. Terms apply.
- No rotating categories or sign-ups needed to earn cash rewards; plus cash back won’t expire for the life of the account and there’s no limit to how much you can earn.
- 0% intro APR on purchases and balance transfers for 15 months; reg_apr,reg_apr_type after that; balance transfer fee applies.
- No foreign transaction fees.
- No annual fee.
The application page provides some direct clarifications on the rewards structure.
What counts as dining?
Purchases at restaurants, cafes, bars, lounges, fast-food chains and bakeries.What counts as entertainment?
Buying tickets to a movie, play, concert, sporting event, tourist attraction, theme park, aquarium, zoo, dance club, pool hall or bowling alley. Also, making purchases at record store and video rental locations. This excludes non-industry entertainment merchant codes like cable, digital streaming, and subscription services.What counts as a grocery store?
A supermarket, meat locker, freezer, dairy product store and specialty market. Excludes superstores like Walmart® and Target®.
The rewards on this card are nice and simple. You earn cash, which can be redeemed as a statement credit or a mailed check. There are other options, but none are especially interesting or more valuable than cash.
Bottom line. The card_name has a $200 sign-up bonus, no annual fee, and unlimited 3% cash back at both restaurants and grocery stores (no Walmart/Target Superstores).
Also see: Top 10 Best Credit Card Bonus Offers.