Are Capital One business cards as bad as they say?

1️⃣ 100,000-point offer ends soon! 🚨

It's official: the elevated 100,000-point bonus of the updated and improved Chase Sapphire Preferred ends soon. There is no exact date yet, but this is the first confirmation that there is little time left to take advantage of this mega offer. 

🤔 Why would we consider this card? Many reasons, and that's why we made a video with all the details you need to know about both the card and the elevated bonus that ends soon. 

If you have any questions, let us know! And if you want to take advantage of this offer, we share our link. 

2️⃣ Chase Freedom Flex eliminates foreign transaction fees (and loses cell phone insurance)

Starting September 20, 2026, the Chase Freedom Flex card will stop charging a 3% fee on foreign currency transactions. This is the first no-annual-fee card from this bank that doesn't charge foreign fees, so this is great news. 

At the same time, that same day the cell phone insurance benefit, which covered up to $800 USD in eligible claims, will be discontinued. If you are someone who pays for your phone service with this card for this benefit, now is a good time to look for alternatives as September 19 is its last day. 

Some alternatives that you may already have or are considering that offer this type of insurance include: 

• Wells Fargo Active Cash: up to $600 per claim, $0 annual cost

• Wells Fargo Autograph: up to $600 per claim, $0 annual cost

• Wells Fargo Autograph Journey: up to $1,000 per claim, $95 annual cost

• Ink Business Preferred: $95 a year, excellent card

• Capital One Venture X: $800 per claim, $395 annual cost (very easy to justify)

• American Express Platinum Card: $800 per claim, $895 a year (expensive, but offers arguably the best benefits on the market)

3️⃣ Are Capital One business cards as bad as they say?

Every now and then, a video pops up on my Instagram feed of some "credit guru" saying that Capital One business cards are the worst thing out there and that under no circumstances should you consider them, never. The reason? Because they report to your personal credit. 

I've always thought this reason is a bit exaggerated to completely rule them out, since they are actually excellent cards in terms of benefits, bonuses, and annual costs; and for most people, having these cards report to their personal credit does not affect them at all, since it simply reports as just another account.

As long as the account is in good standing, reporting to your credit does not have a negative effect. Personally, I prefer to benefit from a $1,000 to $2,000 bonus (or its equivalent in miles) and have the card report to my credit, rather than never consider it just for this reason. 

But, if you are one of those people who under no circumstances wants a business card to report to their personal credit, you might be interested to know that the information these people share is somewhat outdated (good thing you are on the newsletter). 😌

For a while now, some of Capital One's business cards do NOT report to personal credit, these being:

• Capital One Venture Business

• Capital One Venture X Business

• Capital One Spark Cash Plus

The rest of Capital One's business cards continue to report to personal credit, but seeing that these three do not, tells us that there is a possibility that the rest will stop doing so in the future. 

These cards offer quite elevated bonuses (even more than their personal versions where applicable), and are an excellent way to expand our portfolio for points and miles, especially if we don't want a new account on our personal credit for whatever credit reason.

4️⃣ One of our favorite ways to make easy money: bank bonuses

There is a strategy we try to take advantage of at least once a year even if we are outside the United States, and that is bank bonuses. 

💵 This is one of the easiest, fastest, and most efficient ways to earn extra cash, and if you didn't know about this, it's time you did. 

Basically, many banks offer a monetary incentive if you open a checking and/or savings account and meet certain conditions: usually making a minimum deposit and leaving it there for a certain amount of time. If you meet them, you receive the bonus in your account.  

The thing is, some of these bonuses are really attractive: $500, $1,000, $1,500 or even more just for making a deposit into an account and keeping the money there for 30, 60, or 90 days (depending on the terms of each offer). 

The only thing is that normally the required deposit amounts are high, but if you have the money available, it is completely worth it. 

For example, right now when you open a checking account with Bank of America, deposit $10,000 and keep it there for 60 days, you can receive a $500 bonus. This is a 5% return in just 2 months on your money. Not bad at all. 

Very important: You have to do this through specific links, if you open an account directly from the website it does not apply. In the case of BofA, it is this one. 

The most interesting thing is that these moves do not have any impact on our credit, and there is no limit on how many times we can do it, as long as we meet the conditions of each offer. Likewise, let's remember that banks have communication systems where they can see our financial activity and can make future decisions based on it. 

Because of this, as we are moderately conservative in this aspect, we limit taking advantage of these offers to 1-2 times a year, which translates to an additional $500 to $2,000 on average with absolutely no effort. 

The last one we took advantage of was last year with Chase, which was offering $900 for opening a checking and a savings account with a deposit of $15,000 if I remember correctly (it was last year). Highly recommended!

5️⃣ Current transfer bonuses

• Chase → 100% to IHG (until 7/30)

• Capital One → 30% to EVA Air (until 7/31)

• Citi → 20% to Air France/KLM (8/22)

• American Express → 30% to Virgin Atlantic (until 7/31)