I am typically a proponent of two things that the Capital One No Hassle Miles Ultra For Professionals card does not offer:
- No annual fees
- Cash back rewards
However, despite a $39 annual fee and miles accrual, this card certainly has its advantages for people who are frequent travelers or have always had the hankering to become one.
Pros:
- Earn 2 miles per dollar spent
- No blackout dates
- Ability to use your card to purchase travel and then get redemption from rewards center
- No airline restriction
- No foreign exchange fee for credit card purchases made internationally
- This is the only card I know of which does not tack on a FOREX fee
Cons:
- Tiered redemption structure means that it’s most cost efficient to purchase highest priced tickets or to get tickets at top end of pricing tier
- $39 annual fee
- No miles earned for cycles where late fee is applied
- No redemption for rewards other than flights
All in all, this is definitely a good card if you are a traveler, particularly a foreign traveler, since you won’t get smacked with FOREX fees and the rewards structure favors more expensive flights. This card rates an 8 out of 10.
