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Visa® Business Platinum with No Hassle CashSM
Intro APR for Purchases: 0.00% (for — until December 2009)
Ongoing APR: As low as 15.67%
Annual Fee: None
APR for Balance Transfers: As low as 15.67 (for — 0% until December 2009)
Balance Transfer Fee: 3% of each transfer through the 12/2009 billing period.
Cash Advance APR: Variable, currently 23.57%
Cash Advance Fee: 3%, $10 minimum
Grace Period: 25 Days
Reward Program: At least 1.25 miles/dollar on net purchases*
Late Fee: $15-$39
Overlimit Fee: $39.00
Returned Check Fee: $39.00
Issuer: Capital One Bank
Enjoy the flexibility and convenience of cash rewards with No Hassle Cash. You'll receive 1% cash back for each dollar you spend on purchases—plus, a 25% bonus on your annual cash-back earnings.
Overview:
This card is right for business owners who:
Enjoy the convenience of cash rewards
Usually pay off their balance each month
Rewards features:
- Earn 1% cash back on everything you buy from day one*
- Get a 25% bonus each year on the cash you earned the previous year**
- No Hassle Cash is easily and quickly redeemable online or by phone
- No limit on the cash you can earn
Main credit features:
- 0% introductory APR on purchases and transfers*
- A credit line up to $20,000
- No annual fee
* Cardholder will earn a 1% cash rebate. Rebate applies to total net purchases only (purchases minus credits and returns). It does not include cash advances, transferred balances, purchase checks, access checks, convenience checks or traveler's checks. Rebates do not accumulate for fees of any kind, such as finance charges, late payment fees, annual fees and related service charges, unauthorized charges, and ATM transactions. Rebates will be calculated as specified above and then rounded to the nearest whole increment. To be eligible for this rebate, the account must be open and in good standing (not past due, overlimit, fraudulent, restricted, or part of a consumer credit counseling program or bankruptcy settlement) at the time of redemption. Capital One has the right to change or cancel this cash rebate program at any time.
The following bonus also applies to the account:
** Annual Bonus: Cardholder will be awarded an annual bonus equal to 25% of their prior year's rewards earnings from November 1st of previous year to October 31st. The bonus will be applied to the rewards balance each year during the month of November and will appear on your statement within two billing cycles.
The cardholder can choose how cash back is received; options include: (1) upon request, (2) automatically at a set time each calendar year or (3) automatically when a specific threshold ($25, $50, $100 or $200) has been reached. Until the cardholder customizes the redemption schedule, cash back will be awarded each year in the form of a check issued in the rewards membership anniversary month. Cardholders may change their elected redemption schedule at any time, but cannot request an annual redemption to be fulfilled in the same month the change is made. Cardholders with an automatic redemption schedule may also make upon-request redemptions without interfering with the pre-established automatic redemption schedule. Cash back can be redeemed in the form of a statement credit applied to the account within five to seven business days or a check issued within 30 days after the redemption is made. The account must be open and in good standing (not past due, overlimit, fraudulent, restricted, or part of a consumer credit counseling program or bankruptcy settlement) at the time of redemption. Capital One has the right to change or cancel this rewards program at any time.
* See website for complete disclosure and card features.
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