Legal
Billing Cycle/Statement Period: The duration of each billing period for which a statement may be provided varies. It is typically between 28 and 31 days.
Annual Fee: $0
Interest-Free Grace Period: You will benefit from an interest-free grace period of at least 25 days on new purchases and standard balance transfers if you pay off your new balance in full by the payment due date. There is no interest-free grace period on cash advances, special balance transfers and interest charges.
Minimum Payment: If you reside anywhere other than the province of Quebec, your required minimum payment will be the greatest of: (i) The sum of (a) 1% of your new balance, and (b) any interest charges you may have, rounded down to the nearest dollar, plus any past due required minimum payment amount; or (ii) $10 plus any past due required minimum payment amount.
If you reside in Quebec, your required minimum payment will be the greatest of: (i) 5% of your new balance, rounded down to the nearest dollar, plus any past due required minimum payment amount; or
(ii) $15 plus any past due required minimum payment amount.
If your required minimum payment exceeds your total balance, we’ll only require the total balance. If you are over limit by more than your required minimum payment, we’ll request the full over limit amount.
Table of examples of interest charges for a 30-day billing period
| Annual Interest Rates |
Average Daily Balance |
| $100 |
$500 |
$1,000 |
| 19.8% |
$1.65 |
$8.25 |
$16.50 |
| 29.9% |
$2.49 |
$12.46 |
$24.92 |
† This forum is designed for Capital One cardholders to rate their experiences with products and services offered by Capital One and its affiliated companies. Products or service requirements, price, and features can depend on cardholder choices as well as the applicable laws and the specific product or service contracts of the cardholder, which may vary by jurisdiction and the date on which they obtained their card. Some product ratings and reviews may be obtained from customers with different versions of the product displayed above. Capital One does not guarantee the accuracy of cardholder posts and no review represents the opinion of Capital One or financial advice.
1 Rewards are applied to total net purchases. That means any purchase that’s charged to your Capital One credit card minus credits or returns. Cash advances, balance transfers and access cheque transactions aren’t eligible for rewards.
2 You will be awarded an early spend bonus of 10,000 reward miles when you spend $500 on net purchases in the first 3 months following account booking. Net purchases are any purchases that are charged to your Capital One credit card minus credits or returns. Cash advances, balance transfers and access cheque transactions don’t count as purchases. These bonus reward miles will be reflected within two billing periods after the qualifying purchases have been posted to your account.
3 Travel purchases are eligible for redemption within 90 days of the date the purchase posts to your account.
Purchase Assurance, Extended Warranty, Car Rental Collision/Loss Damage Waiver and Baggage Delay insurance are underwritten by American Bankers Insurance Company of Florida (ABIC), while Price Protection Service is a service provided by ABIC. Common Carrier Travel Accident Insurance is underwritten by American Bankers Life Assurance Company of Florida. Details of the coverage, including definitions, benefits, limitations, and exclusions, are in the Certificate of Insurance provided with the card. Read the Certificate of Insurance then keep it in a safe place with your other valuable documents, and take it with you when you travel.
Apple and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.