Review of the Capital One Go Cash Visa

The Capital One Go Cash was last reviewed on 14th February 2005

Rebate Formula - The Capital One Go Cash Reward Visa Platinum credit card has a simple 1% rebate structure. You earn 1% cash rebates for all purchases. You will get a check at the end of the year for the amount of rebate you have earned. There is a cap of $500 in the amount of rebate you can earn in 1 year.

Annual Fee - There is an annual fee of $19.00 which is rare for a cash back credit card as most do not charge any annual fee. The apr is libor plus 10.54%. The 2-cycle average daily balance method is used for balance calculations.

Verdict - We do not recommend the Capital One Go Cash Visa. Firstly, they charge an annual fee which is unheard off for a cash rebate credit card. Secondly, the cash rebate is only 1% for all purchases. This does not quite stack up against other cards that offer 5% rebates on purchases made at standalone supermarkets, gas stations and drugstores. Instead, we recommend the Citi® Dividend Platinum Select Card, which pays 5% rebate for "everyday purchases at supermarkets, gas stations and drugstores". It also has no annual fee.

Verdict - The Capital One Go Cash Visa has been discontinued and replaced by the Capital One No Hassles Cash Rewards Card. This is a slight improvement over the Go Cash as it pays 2% rebates on gas and groceries purchases. However, it still falls short of the Citi Dividend Card.

Capital One Go Cash Reward Platinum Visa Card
Reward Benefits
Rebate Percentages 1% cash rebate on all purchases, rebate checks given to you annually
Caps on Rewards $500 cash rebate
Travel and Insurance Benefits
standard platinum benefits
Other Benefits
standard platinum benefits
Cost/Fees/Interest rates
Introductory rate none
Annual Fees $19.00
Purchase APR Libor plus 10.54%
Balance Transfer APR Libor plus 10.54%
Cash Advance APR Libor plus 18.44%
Penalty/Default Rate APR 19.8% fixed
Min Finance Charge $0.50
Grace Period 25 days
Balance Calculation Method 2-cycle Average Daily Balance
Balance Transfer Fee none
Convenience checks fee nr
Cash Advance fee 3%, min $15.00
Other Cash Advance fee 3%, min $15.00
Foreign Currency Conversion fee nr
Over-the-credit-limit fee $29.00
Late Payment fee $29.00 - less than $1000
$35.00 - $1000 or greater

Apply for the Citi® Dividend Platinum Select Card

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