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 21 days on new purchases if you pay off your new balance in full by the payment due date. There is no interest-free grace period on cash advances, balance transfers and interest charges.
Minimum Payment: If you reside anywhere other than the province of Quebec, your required minimum payment will be the greater 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 your new balance is less than $10, then the minimum payment will be the new balance. If you are over limit by more than your required minimum payment, we’ll request the full over limit amount.
If you reside in Quebec, your required minimum payment will be the greater 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 new balance is less than $15, then the minimum payment will be the new 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 |
| 19.75% |
$1.65 |
$8.23 |
$16.46 |
| 25.9% |
$2.16 |
$10.79 |
$21.58 |
1 Cash back is applied to total net purchases. That means any purchase that’s charged to your credit card minus credits or returns. Cash advances, balance transfers, fees and interest charges aren’t eligible for cash back. The categorization of a purchase as a restaurant, gas station or other purchase is determined by the category code selected by the merchant. Capital One is not responsible for the category code a merchant uses or for any category code errors by merchants.
2 Unfortunately, balance transfers aren’t available at this time.
3 Cash back coupons are only issued to eligible accounts. Additional terms and conditions apply.
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.
Additional terms and conditions apply to the cash back program and will be provided upon approval.
®*: Registered trademark of Price Costco International, Inc. used under license.
In addition, we have a number of checkpoints to ensure your identity stays safe during the application process. If we’re unable to confirm your identity during the application process, you’ll need to go into a Costco Wholesale warehouse and complete a new application.
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.
