Cash The Checks

To my surprise this morning I received a letter from Capital One. I thought it was yet another credit card offer, or changes to their policy, or some credit card checks. To my surprise when I took a look, it turns out my regular Capital one Visa Card is being upgraded to a “Capital One Visa No Hassle Rewards Points Platinum Card”.

The major change is that now I earn 1 point for every dollar I spend. These points can be redeemed for gift certificates or even a payment made by check.

2,000 points gets you a $5 gift card at BlockBuster or at Bed, Bath and Beyond. Another bonus is when you spend $3,000 or more in a year, you’ll get an extra 5,000 points. After doing some calculations, spending $500.00 per month will get you 6,000 points per year, add the 5,000 bonus and that’s 11,000 total points, which is enough for a $50 gift certificate and you’ll still have some points left over.

It doesn’t sound like much, but it’s an extra $50 per year that you would’ve never had to begin with, for doing what you already do, use your credit card. It’s these little things that count, that add up to a substantial amount at the end of the year.