Pick the Right Credit Card

I am typically a proponent of two things that the Capital One No Hassle Miles Ultra For Professionals card does not offer:

1. No annual fees
2. 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.

This entry was posted on Wednesday, August 22nd, 2007 at 6:14 pm and is filed under Rewards Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.