Consumer Payment Card News

No-Hassle Cash-Back

Capital One has launched a cash-back credit card building on its popular “No Hassle Rewards” product line. The new “No Hassle Cash Rewards” card offers one percent cash back on all purchases, plus a 25% annual bonus on the total cash back earned. The card has no rewards expiration date, no minimum cash redemption levels, no limit to earning amounts, no spending minimums and customers can redeem for cash, statement credit, or gift card at any time. According to a survey conducted for Capital One nearly 40% of consumers didn’t know that many cash reward programs limit the number of rewards earned, and more than 30% of respondents didn’t realize that their cash back rewards could expire. For more information visit: “http://www.capitalone.com”:http://www.capitalone.com.

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