Credit Card Review: Business Platinum with Preferred No Hassle Miles(SM)

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Estimate Reward Earnings

It is important to have a credit card that perfectly suits your needs. So, if you are a small business owner, have good or excellent credit history and travel extensively you may benefit a lot from Visa Business Platinum with Preferred No Hassle Miles. This credit card issued by Capital One will give you a certain degree of flexibility and freedom.

This credit card is unique because it offers many opportunities to earn bonus miles. So, you will earn 2 miles for every dollar spent on travel and entertainment. These include airlines, hotels, restaurants, travel agents, car rentals, bowling alleys, video stores and many more. But note that only the bank identifies what purchase is eligible for earning double miles. With other purchases you will earn 1 mile for every $1. The good news is that your miles do not expire and have no limit.

You can also redeem your bonus miles in many different ways. First and foremost, use them for buying air tickets. Choose any airline. A nice thing is that there will be no seat restrictions or blackouts. If you are not planning to travel, feel free to redeem your miles for merchandise, gift cards and even cash. Well, it is up to you how to use your rewards.

Having this credit card will also bring you some very attractive discounts. You will be able to save on practically everything needed for a small business through Visa Business Partner Advantage program. These are office equipment, car rentals, express mail, supplies and accessories and many other.

If you are tired of waiting for bank’s decisions and wonder whether you are going to get a card or not Visa Business Platinum with Preferred No Hassle Miles is what you need. For within seconds you will know, whether you are approved or not.

(Review Updated: June 02, 2008)

Estimate Reward Earnings

0% Intro APR on Purchases for until August 2009
14.99% Regular Variable APR for Purchases
22.9% Regular Variable APR for Cash Advances

25 days Grace Period

(* 0% Intro APR on Purchases until August 2009)

Finance Configuration: Average Daily Balance (including new purchases)

Additional Cardholders: $0

Late Payment Fee: Your late payment fee will be based on the amount of your account balance at the time the fee is applied. Balance of $0 - $99.99 = $19 fee; balance of $100 - $999.99 = $29 fee; balances of $1,000 or more = $39 fee

Over-The-Limit Fee: Credit limit of $0 - $499.99 = $19 fee; credit limit of $500 - $999.99 = $29 fee; credit limits of $1,000 or more = $39 fee.

Cash Advance Fee: 3% of amount of the cash advance, but not less than $5.

Balance Transfer Fee: n/a

Minimum Credit Limit: $500

Maximum Credit Limit: $20,000

Type of Reward: Mile, Cash

Mile, Cashs per Dollar: 1.00

Additional Mile, Cashs: 5,000 miles each year you spend at least $5,000 on purchases

Bonus Mile, Cashs First Purchase: 5,000 Miles

Bonus Mile, Cashs Other: Double miles on all travel and entertainment purchases including flights, restaurants, hotels and more, Redeem miles for cash back, flights, gift cards merchandise and more

Mile, Cash Details: No limit on the miles you can earn.
No miles expiration - keep them for the life of your account.
Fly any airline, with no blackout dates or seat restrictions.
Earn double miles at hotels, restaurants and more. Great for business travelers.

Additional Features for Business Platinum with Preferred No Hassle Miles(SM):

Free year-end summary.
No foreign transaction fees.
Physical Damage, Theft, and Loss Insurance on rental cars.
24-hour Travel & Emergency Assistance.
Extended warranties on what you buy.
$100,000 Worldwide Automatic Travel Accident Insurance.

Important Notes for Business Platinum with Preferred No Hassle Miles(SM):

* See the online Capital One Business Platinum with Preferred No Hassle Miles(SM) application for details about terms and conditions of offer.

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Notes: The review on Business Platinum with Preferred No Hassle Miles(SM) was updated on June 02, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.