Review of Capital One Cash Rewards for Newcomers

Just moved into this country? No credit history? Taking on a credit card for the first time makes some people nervous, but establishing good credit in the United States is more important than ever. In addition to getting lower rates on purchases, such as buying a house, good credit can save people money on insurance rates, and give them an edge in the job market. But how does one choose the best first credit card as a new immigrant? The Capital One Cash Rewards Card for Newcomers is designed to help those new to the U.S. build credit with automatic reporting to three major credit bureaus.

Capital One® Cash Rewards for Newcomers A card designed to help those new to the U.S. establish credit and earn cash back Build credit with automatic reporting to the three major credit bureaus Get 2% cash back on travel purchases Earn 1% cash back on all other purchases No foreign transaction fees No annual fee Click here for official application, terms, and details

Intro APR Intro APR Period Regular APR Annual Fee N/A N/A 24.9% variable None

Earn Cash Back

With Capital One Cash Rewards for Newcomers, cardholders earn 2% cash back on travel purchases like airfare and hotel stays, 1% cash back on all other purchases. You can get up to 15% more cash back when you shop Capital One's Perk Central retail network. The cash rewards are unlimited and they don't expire. You can get your cash back anytime as an account credit, check or gift card, even set up automatic redemption.

No Fees

Unlike other credit cards for people with no credit, Capital One Cash Rewards for Newcomers does not charge annual fee. And they don't even charge foreign transaction fee. That could save you hundreds of dollars if you travel back and forth several times a year. However, this card does charge 24.9% APR for purchases and balance transfers, you need to be very responsible for your bills and remember to pay it on time.

Billing is Easy

Capital One makes billing easy. Cardholders can pay their bill online through their secure site, by phone or by mail in a payment. They may also choose to set up email reminders or automatic payments in order to manage their account. It's all up to the cardholder.

Travel Benefits and Purchase Protection

As Capital One Cash Rewards for Newcomers is a MasterCard, it has all the benefits MasterCard Platinum has to offer:

$0 Fraud Liability
If your card is lost or stolen and used without your authorization, you will not be liable for those charges.

24-hour travel assistance services
If your credit card is lost or stolen, you can get an emergency card replacement and a cash advance.

24-hour roadside assistance
If your car breaks down or you get locked out, call us and we'll send someone to the rescue.

Extended warranty program
You'll get additional warranty protection at no charge on items that are purchased with your credit card.

Travel accident insurance
Get automatic travel insurance at no extra charge when you use your credit card to purchase your fare.

Auto rental insurance
Rent a car with your credit card and you can get collision, damage and loss insurance.

However it's managed, the Capital One Cash Rewards for Newcomers Credit Card is a great first credit card to welcome you to this new country.

Capital One® Cash Rewards for Newcomers A card designed to help those new to the U.S. establish credit and earn cash back Build credit with automatic reporting to the three major credit bureaus Get 2% cash back on travel purchases Earn 1% cash back on all other purchases No foreign transaction fees No annual fee Click here for official application, terms, and details

Intro APR Intro APR Period Regular APR Annual Fee N/A N/A 24.9% variable None