Introduction
Credit card companies offer customers different marketing strategies that they have put in place to ensure the customers use their credit cards to pay for products and services and always choose their credit cards whenever they are shopping. Cashback is one of the strategies where credit card companies reimburse customers some percentage of the product and service purchase price. The percentage the customer gets depends on the incentive structure in place which might be different depending on the type of credit card being used. So now, we wonder does Capital One do cashback?
Capital One offers cashback to its credit cards customers who purchase goods and services in various stores either onsite or online. These rewards enable the customers to save some money from their purchases and the percentage of cashback received depends on the type of credit card that the customer is using depending on the customer preferences.
Cashback received from different types of Credit cards
The following is the incentive structure that Capital One has put in place for the customers depending on different credit cards.
Quicksilver and QuicksilverOne credit cards rewards
- Quicksilver rewards
An existing or new customer using their Quicksilver credit cards with an excellent rating for credit score to purchase goods and services from their preferred stores are rewarded 1.5% on every purchase cashback every day by Capital One.
- Quicksilver rewards for good credit
The customer with a good credit score using Quicksilver credit card gets rewarded every day a Quicksilver reward for good credit of 1.5% on every purchase. This reward can and new members.
- QuicksilverOne rewards
The QuicksilverOne customer with an affair credit rating is refunded 1.5% on every purchase every day that the customer pays using their credit card. The reward is available only to exist customers.
- Quicksilver secured rewards
An existing Quicksilver credit card customer paying for goods and services using the Quicksilver credit card and with a fair credit score is rewarded 1.5% cashback on every purchase with a refundable minimum deposit of $200.
Savor and SavorOne rewards
Customers with Savor and SavorOne credit cards are rewarded cashback when they pay for entertainment, dining, or other services and goods and get to save more on their credit cards.
- SavorOne Reward for good credit
An existing customer is rewarded by Capital One for using their SavorOne credit cards with a good credit score.
- 3% cashback if the customer has paid for dining, entertainment services, and groceries
- 1% cashback for purchases of other goods and services
- 8% cashback if the customer has purchased tickets at Vivid seats.
- SavorOne rewards
A new and existing customer with SavorOne credit cards with an excellent credit score is rewarded
- 8% cashback if the customer has purchased tickets at Vivid seats
- 3%cash back if the customer has paid for entertainment services, dining, and paid for goods in a grocery store.
- 1% cashback if the customer has paid for other goods and services using their credit cards
- Savor rewards
An existing and new Savor credit card customer with an excellent credit score is reimbursed cashback by Capital One as follows
- 8% cashback if the customer has purchased tickets at Vivid seats
- 4% cashback if the customer has paid for entertainment services and dining
- 3% cashback if the customer paid for goods in a grocery store.
- 1% cashback if the customer has paid for other goods and services using their credit cards
- SavorOne rewards for students
A university or college student with an existing SavorOne credit card and a fair credit score get cashback rewards from Capital One as follows
- 3% cashback if they pay for dining, entertainment services, and goods at a grocery store
- 1% cashback for purchases of other goods and services
- 8% cashback if the customer has purchased tickets at Vivid seats.
Quicksilver rewards for students
An existing Quicksilver credit card university or college student with a fair credit score is rewarded by Capital One every day with 1.5% cashback on every payment of goods and services.
Journey students rewards
An existing Journey credit card university or college student with a fair credit score is rewarded 1% cashback on all payments or 1.25% cashback if they pay their credit card bill on time every month.
Capital one Walmart rewards MasterCard
Customers making purchases using Capital One credit card gets
- 5% cashback making purchases at Walmart.com and Walmart App
- 2% cashback for those making purchases in Walmart stores, Murphy USA gas stations, travels and restaurants
- 1% cashback on payments for all other purchases
Conclusion
Cashback incentive is a great market strategy that credit card companies are embracing to retain and increase their number of customers. Customers will most definitely prefer to have a credit card that can enable them to save more when making purchases and encourages the customers to always be on time with their credit payments to maintain a good credit score and be eligible for the cashback offers.
