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

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Estimate Reward Earnings

Capital One Visa® Business Platinum with No Hassle MilesSM offers a smart tool for managing one's business easily and efficiently. This type of rewards bank offers allows business owners to earn one mile for every dollar spent on business and non-business related purchases and redeem them for a wide range of merchandise and services, such as cash back, gift cards, merchandise and, of course, free airline tickets. In this way, buying an item or service for your business, like office supplies, computer equipment, car rentals and more, you save for a your next purchase which you are entitled to in exchange for the miles you have collected.

Visa® Business Platinum with No Hassle MilesSM from Capital One has been designed for customers with good or excellent payment rating looking for unsecured plastic offer to finance business. Apart from its generous rewards program the bank card has some other incentive to make a business owner apply for it.

Visa® Business Platinum with No Hassle MilesSM offers a very beneficial deal in point of its basic credit features. You will no doubt like its 0% Intro APR on purchases until August 2009 and a low ongoing APR for the life of balance.

No annual fee and a high limit of up to $20,000 make the whole deal less costly and more efficient for you and your business. If you are a practical and thoughtful business owner, you will most likely want to apply for this bank offer from Capital One.

Make sure you qualify before you fill out the application form. For this, you need to have a faultless payment history of at least 5 years, no late or missed payment and no bankruptcy record in your file. Beware that a denial will hurt your current credit rating, so if it is less than perfect, take time to improve it before you venture to apply.

(Review Updated: June 02, 2008)

Estimate Reward Earnings

0% Intro APR on Purchases for until August 2009
9.99% 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:

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 = $15 fee; balance of $100 - $249.99 = $29 fee; balance of $250 or more = $39 fee

Over-The-Limit Fee: $39

Cash Advance Fee: 3% of amount of the cash advance, but not less than $10

Balance Transfer Fee: None

Minimum Credit Limit: $500

Maximum Credit Limit: $20,000

Type of Reward: Mile

Miles per Dollar: 1.00

Additional Miles: Flexible redemption options: redeem for travel, cash back, merchandise, and more

Bonus Miles Other: Fly any airline, with no blackout dates or seat restrictions

Mile Details: Earn one mile for each purchase dollar spent.
Flexible redemption options: redeem for travel, cash back, merchandise, and more.
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.

Yearly Limit: No limit on the miles you can earn

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

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

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Notes: The review on Visa® Business Platinum with 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.