Just want to mention that for those thinking of applying for the Capital One/Mastercard-Costco credit card, I think there are better deals out there.
The benefits of the Cap One card are:
No annual fee
3% on restaurant purchases
2% on gas purchases
0.5% on the first $3,000 you spend annually on all other purchases, and 1% after that
Earn 6% cash back at restaurants and 4% at gas stations on all your purchases – up to a combined total spend of $1,500 for both during the three-month promotional period.
Earn 1% cash back on the first $3,000 you spend on all other purchases annually, and 2% after that. You'll earn at these rates up to a total spend of $8,500 during the three-month promotional period.
However, the MBNA Smart Cash Mastercard has:
No annual fee
Get up to 5% cash back on eligible gas and grocery purchases for the first 6 months
Get up to 2% cash back on eligible gas and grocery purchases thereafter
Get up to 1% cash back for all other eligible purchases
1.99% promotional annual interest rate† (AIR) on balance transfers✪ for the first 10 full months
If eligible, you will be considered for an upgrade to a Smart Cash World MasterCard® credit card
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