Capital One has Launched a 4% Cashback Card

billion25

This has to be the best Card for cashback available now! 4% is impossible to beat. You get 4% for first 3 months then 1% thereafter. Can't see any catches.

Here's the link:

https://www.capitalone.co.uk/web/raid/templates/formdual_temp_10_001.jsp?page_id=10400&context_id=2&step=1&product_id=2303[/URL]

jojo1978_3

I posted this on a thread a few days ago. Cracking deal, no catch either, so perfect if you use your card solely for purchases then clear in full each month.

empfun

Wow! Thanks a lot! That's really super. Just applied for it, answer in 7 days. Fingers crossed. :-)

KTF

Tempting. Might give my GE Money card a rest for 3 months...

Special_Saver2

Thanks for the information. I have been looking for a new cashback credit card since leaving MBNA (had their Conran card).

Could you let us know whether they accept you for that card?

One of Martin's articles mentions that Capital One will often not give you the card you actually applied for.

Stephen_Leak

Is the deal on paying the actual cashback better than the Morgan Stanley Platinum's £15 "blocks"?

Special_Saver2

According to the terms and conditions on the website, the cashback is paid in January of each year. That would leave you a bit stuck if a fee was suddenly introduced in the middle of the year. At least with Morgan Stanley you can instantly claim your cashback when it reaches £15.

Stephen_Leak

True.

But to get your £15 from MSP, you need to spend £500 in the 3x introductory period and £1500 thereafter.

A lot of cashback cards pay out annually. My ASDA one is in November, in time for Christmas. Having said that, January is usually a lean month. Actually, so are February, March ...

Anyway, my application was input earlier today. It is being checked, presumably as I moved in February.

carpy

i applied a short time ago and got an instant approval?!?!?

which surprised me as i tend to get turned down these days.......had a no only today from MBNA (sony card) :-(

empfun

Got a decline letter today. Hmmm...and I just realised I'm not on the electoral roll. Ouch!

Goldust

I've already got a Capital One Platinum card with a low interest balance transfer on it.

Can I apply for this as well or will they bin me off as I already have a Cap One Card?