Credit Tips: Capital One Miles One Credit Card Review

Posted On: July 1, 2006

Author: tou
Posted: Wed Jun 25, 2003 9:33 pm
Post subject: CApital One Milseone card vs Mbna world points

I have offers for a reward credit card.
One is for a miles one business card from capital one
The other is a Platinum World points card from Mbna
Can anybody recommend which card is better?
And why?

Author: daveberk
Posted: Thu Jun 26, 2003 4:06 am
Post subject:

I looked at both programs at the websites.

The Capital One miles card is only good for air travel. With the MBNA program, you can redeem your points for air travel, merchandise or cash. Also, the MBNA program seems to have a better award structure. For example, it takes 35,000 miles to earn a transcontinental flight with Cap. 1 but only 25,000 miles with MBNA.

The MBNA APR is 2 points higher than Cap. 1 (11.9 vs. 9.9) but that only matters if you carry a balance. Also, MBNA is good about lowering rates on request once you’re established with them.
It is more likely that MBNA will give you a high credit line and frequent increases. Capital One’s credit lines run on the low side. Increases may be small and sporadic.

Capital One does not report your credit limit. This can hurt your score because your reports will show that you are using a higher percentage of your available credit than you actually use.

MBNA has much better customer service. The phones are answered quickly and they usually handle things on the spot. Sometimes it’s hard to get things done with Capital One.

If you’re interested in miles, you might be better off walking away from both programs and opting for an airline affiinity card. Even though you pay an annual fee, the miles will accumulate much faster because miles earned on the card are combined with miles earned from other sources such as paid airfares, rental cars, telephone companies, hotels, dining, and even bonus miles for booking at the airline’s website. Also, some cards will allow you to fly to specified places in the US for less than 25K miles.

I accumulated 110K miles with American Airlines of which only 60K were earned from the card. I think this is a good trade off for a total of $100 in annual fees I paid over the past two years.

Author: Tou
Posted: Thu Jun 26, 2003 9:37 am
Post subject: Affintity cards

Thanks for the reply!
There is one thing that bothers me.
I am currently A Usairways dividend miles member.
It seems like everytime I want to use my miles I can’t
At least not for 25 or even 35 thousand miles.
I went to Vegas recently and couldn’t use my miles for a return trip nad it would have cost me 50 thousand miles for the one way.

With the CApital one as well as the MBNA they claim no blackouts periods . You just have to give them 21 days notice

What is your opinion?