January 27, 2009: Capital One No Hassle Miles MasterCard

Today's credit card offer comes from Capital One. It is my special invitation to their No Hassle Miles Platinum MasterCard. The skinny:

• 1 mile per dollar on purchases
• 0% APR on purchases and balance transfers until February 2010
• 12.99% interest rate

Now, looking at Index Credit Cards Travel Credit Cards page, I see:

Capital One No Hassle Miles Rewards Credit Card:

• 1.25 miles per dollar
• 0% APR on purchases until January 2010
• 8.15% APR

It's hard to say that one is "better" than the other, because the mail offer I got is offering a 12-month 0% balance transfer (although there's that 3% transfer fee to consider). Otherwise, though, a higher interest rate and fewer miles per dollar.

This is why credit card companies structure offers in so many different ways. They put them out there, see what response they get, and then make new offers based on that feedback. You never know what they might offer next.