Chase Freedom vs. Capital One-No Annual Fee Card Comparison

With your Chase Freedom card, you get cash back redemption. Once you are a card member, you will be alternating between earning cash and points without losing anything. You will be earning 3% cash back for every $1 in purchases of Gas, Groceries as well as Quick Service Restaurant purchases. You will also be earning 1% cash back in purchases elsewhere. If you reach $50 in rewards, you can redeem for a $50 check. You can also save up to $200 as rewards and redeem for $250 as cash back. For every dollar of your purchases, you will be earning 1% cash back. In addition, you will also be earning 2% cash back for every dollar you spend at retail establishments which can be classified as merchant locations for Visa or Master Card-grocery stores, gas stations as well as quick payment service fast food restaurants. Once you reach $600 in any of these categories in a billing cycle, you will be earning only 1% cash back for every dollar you spend on these categories. Purchases which are not eligible to receive the 2% cash back are those made at convenience stores, superstores, warehouse clubs and discount stores.

Capital One takes hassles out of cash rewards. The cards which come under this category are Capital One No Hassle Miles Rewards, Capital One No Hassles Miles Ultra for professionals, Capital One: Prestige and Capital One NO Hassle Cash Rewards. You can easily start earning cash rewards one every purchase that you make, wherever you are, in addition to a 25% annual bonus. These are some of the benefits which you can enjoy with a capital one card.

• You get a 1% cash back on every purchase that you make wherever you go.

• A 25% annual bonus on the cash which you have earned during the year
• There are no spending minimums
• No earn caps
• No expiration for the life of your account
• You can save up to 40% on featured deals as well as 10% on everything else when you use your card at Capital One Saving Zone on Yahoo shopping.

With a Platinum card, you get the following features:

• Zero percent on balance transfers during an introductory period which is subject to conditions
• A choice of eight card designs
• There is no annual fee
• A credit limit of up to 25,000 pounds which is subject to conditions

Asha Prakash

Hi-Tech Editorial Division