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3.9
/5
Capital One
Mastercard
Capital One Smart Rewards™ Mastercard®Points Calculator
Our Take
The Capital One Smart Rewards™ Mastercard® takes a completely unique approach to credit card rewards by rewarding payment behavior rather than spending. This Canadian card earns 5 points per dollar paid toward your balance instead of rewarding purchases, which encourages responsible financial habits and consistent payment behavior. At a 1.25% return on payments (with points worth 0.25 cents each), the rewards value is actually quite competitive for a no-annual-fee card, making it both a financial discipline tool and a legitimate rewards earner. This card is particularly appealing to those who want to avoid spending-based reward temptations while still earning meaningful returns, though it requires a different mindset than traditional rewards cards.
Card Details
Interest Rates
Purchase: 29.9%□
Cash Advance: 29.9%□
Balance Transfer: 29.9%□
□ Quebec rates: Purchase 21.9%, Cash advance 21.9%, Balance transfer 21.9%
Annual Fees
Main Card: $0
Additional Cards: $0
Annual Income
Personal: N/A
Household: N/A
Credit Score Estimate
300⁎Poor
560⁎Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Card Type
Credit
Our Rating
3.9/5
Institution
Capital One
How You Earn Rewards
- 5 points per $1 paid towards your balance
Annual Rewards Breakdown
Annual Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
Insurance
Coverage
Common Carrier Travel Accident Insurance
$250,000
Baggage Delay
$100/day up to 3 days.svg)
Car Rental Damage & Theft
Up to 31 days
Purchase Protection
120 days
Extended Warranty
double up to 2 years
Benefits
Details
Price Protection
60 days, Up to $100 per item, $500 per year
Pros & Cons
Pros
- Solid balance payment return
- Unique rewards structure
- No annual fee
- Encourages consistent payment behaviour
- Some travel coverage
- Enhanced insurance coverage
Cons
- Lower earning potential
- No purchase optimization
- No welcome offer
- Confusing rewards program
- Limited redemption options
Legal
Capital One is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for a Capital One card, (I/we) may receive compensation from Capital One, which can be in the form of monetary payment.