For everyday purchases, my go-to credit card is the old FIA/Schwab Bank Visa 2% cash back card. This card is no longer available for new applications and rumor has it that Bank of America is going to directly manage this card and change the 2% cash back program.
Since the Schwab credit card was launched in late 2008, I have not seen many credit cards that offer as many perks and benefits. The Fidelity American Express card is close with its 2% cash back but it does have foreign transaction fees and sweeps rewards in $50 increments (after $2500 spend) into your Fidelity account.
Capital One Financial is now going to enter the 2% cash back on every purchase market with a new Capital One Business No Hassle Cash Premier. The biggest downside is the $59 annual fee, however, the unlimited cash rewards should easily offset this fee.
Don’t let the business part stop you from applying. If you buy or sell anything on eBay, Craigslist or garage sales, you may have a business. Perhaps you are thinking about starting a business. I regularly use my social security number or you can apply online for a free business ID at IRS.gov by clicking here.
My Tips on Capitol One Business No Hassle Cash Premier Credit Card
- Unlimited 2% cash back on every day purchases
- Disappointing annual fee of $59
- Cash reward cash be requested anytime via online, phone call or receive a check automatically at the end of each year
- Cash rewards won’t expire for the life of your account
- Bonus of $100 after $1,000 in spend within first 3 months. And $50 bonus for adding an authorized user within 60 days
- No foreign transaction fee
More Benefits of Capital One Business Credit Cards
- Free Year-End Summary
- Employee cards Customize your card design
- Online Banking
- Experienced small business customer service representatives
- $0 Fraud Liability
- Auto Rental Collision Damage Waiver Program
- Business Hotel Savings
- Purchase Security and Extended Protection
- Travel and Emergency Assistance
- Visa Dining Discounts
Information you need to apply for the credit card
- Basic personal information
- Information about your business such as business Tax ID and business sales
To learn more about the Capital One Business No Hassle Cash Premier or apply for the card, click here. Alternatively, you can apply by calling 1-866-390-5934. Then come back here to report on your experience with this card.