Is it worth getting a Capital One card for just one trip?

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sdoonan
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Is it worth getting a Capital One card for just one trip?

Postby sdoonan » Wed Nov 02, 2011 7:40 pm

Hi all,

I have a Citi Forward, Discover More, and Blue Cash Everyday card already. Would it be worth getting a Capital One card for studying abroad during the month of January? I have no international trips planned besides that, and the no foreign transaction fee would be the only reason I'd get this card.
Cards I Carry:

Visa: CitiForward Student (1k CL, 15.24%), Capital One Student Journey Rewards (.5k CL, 19.8%)
Discover: More Student (1k CL, 17.99% regular, current rate 1.9% through 3/6/12) (Primary card at this time)
AMEX: Blue Cash Everyday (2k CL, 21.25%)


Dues
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Postby Dues » Sat Nov 05, 2011 7:46 am

Hey,

I actually am going on a vacation here pretty soon and was considering the exact same thing. However, after calling my bank whom I also have a credit card with they informed me I can just withdraw cash w/o charge from an allied bank ATM so I decided to go that route. Unless you need the new credit card I'd first check into free ATM withdrawing.

JohnB222
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Postby JohnB222 » Sat Nov 05, 2011 9:53 am

Capital One is commonly referred to as a entry-level card, although not everyone believes this...if you are looking for a good credit card with no international transaction fees I would recommend you take a look at the PenFed portfolio. All of their credit cards off no fees, and are some of the best around...

https://www.penfed.org/productsAndRates/creditCards/overview.asp

My personal favorite (and the favorite of many others) is the Platinum Cash Rewards that offers 5% off on gas. In addition, I call it "off" instead of "cash back" because it automatically comes off your bill every month.
[font=Arial][CENTER]Amex Blue Cash Everyday - 22k CL | Chase Hyatt - 15k CL

PenFed Platinum Rewards - 12k CL | Chase Sapphire Preferred - 8k CL | Chase Freedom - 5k CL[/CENTER][/font]

Money card
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Postby Money card » Sun Nov 06, 2011 12:24 am

May I ask this question. if you don't have any international trips why do you want a card that has no foreign transaction fee? does it matter what card you get. for example if Bank of America has a 3% foreign transaction fee, good rewards, low APR and good cash back would you be interested? I'm not sure if there is a foreign transaction fee I'm just making an example.

now if you were leaving the US flying out of Kennedy airport going to England, then I would understand why you want no fee.

do you travel on business? or are you going away on vacation?

since you have 3 very nice cards why not use them? If you want the capital1 venture card because they have the concierge and you want help making dinner reservations while out of town, I can understand this since your Discover and American Express blue cash card doesn't have this benefit. But you already have 3 very nice card I would just use them.

Money card
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Postby Money card » Sun Nov 06, 2011 12:28 am

I forgot to ask how do you like your Discover card? which design do you have?

sticf
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Postby sticf » Sun Nov 06, 2011 6:07 am

Discover Card have dropped their foreign transaction fees recently. It will not be as widely accepted as a Visa, but you could contact someone where you are going and ask them to survey Discover's acceptance.

If you get a card without an annual fee then why not apply for a new card? Are you going to buy something big (think house) in the next year or so? Any hit that you take for opening a new account should be offset by the a bit of time and a decrease in you utilization (if you keep the new card at $0 after the trip).

bernhardtra
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Yes you should get the card

Postby bernhardtra » Sun Nov 06, 2011 9:21 am

sdoonan wrote:Hi all,

I have a Citi Forward, Discover More, and Blue Cash Everyday card already. Would it be worth getting a Capital One card for studying abroad during the month of January? I have no international trips planned besides that, and the no foreign transaction fee would be the only reason I'd get this card.


They have no international transaction fees and you may encounter an emergency that would require a card.
EX 686 TU 690

Cap One $500 6/10 closed no CLI 7/12
Cap One $2000 9/10
Household $500 9/11
Merrick Bank $2800 10/07
Marathon $900 10/11
Bealls $950 10/11
Marathon Visa $2500 6/12 Yeah finally a good limit card!
Barclays Rewards MC $1500 8/12
Belks $800 8/12
Walmart $1000 8/12

sdoonan
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Postby sdoonan » Thu Nov 10, 2011 2:07 pm

Hi all,

@Money card: I'm going to England for January for studying abroad, but that's my only planned international trip (sorry for the confusion.) Also, I love my Discover card, especially since they gave me 1.9% for 6 months starting in September.

@sticf: Discover is not accepted in the UK or in any of the immediate countries, which makes it problematic.

Just to update, I applied for a card through my local credit union which had only 1% FTF and a lower APR than even my Citi Forward.
Cards I Carry:

Visa: CitiForward Student (1k CL, 15.24%), Capital One Student Journey Rewards (.5k CL, 19.8%)
Discover: More Student (1k CL, 17.99% regular, current rate 1.9% through 3/6/12) (Primary card at this time)
AMEX: Blue Cash Everyday (2k CL, 21.25%)

sdoonan
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Location: Hempstead, NY

Postby sdoonan » Fri Nov 25, 2011 9:23 pm

Final resolution:
Since I got declined for my credit union card, I got the capital one card in the end.
Cards I Carry:

Visa: CitiForward Student (1k CL, 15.24%), Capital One Student Journey Rewards (.5k CL, 19.8%)
Discover: More Student (1k CL, 17.99% regular, current rate 1.9% through 3/6/12) (Primary card at this time)
AMEX: Blue Cash Everyday (2k CL, 21.25%)



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