Details of the new Costco and Capital One card have been released and we are happy to share them with you!
Costco never fails to deliver top value for your dollar and this partnership card is no exception. The Capital One Platinum MasterCard offers great value with no annual fee. This reward card offers no limit on cash back rewards – rare among such programs – with 0.5% return on the first $3000 and 1% thereafter. There are also bonus cash back offers such as 3% cash back at restaurants and 2% on gas.
The benefits don’t end there! The following features – normally reserved for cards with an annual fee - are included on this no-fee card as well!
This card offers peace of mind for all shoppers with Price Protection. Receive a refund of up to $100 on any new purchase in Canada within 60 days if the price drops within that time frame. Under this policy, cardholders can receive up to $500 back per calendar year.
Receive automatic insurance against theft, loss or damage anywhere in the world, for 120 days from the date of purchase, when the full cost of the item is charged to the card.
Automatically double the manufacturer’s warranty for up to two years on purchases made with the card.
And just when you thought Costco couldn’t sweeten the deal any more, they’ve included a few extra features on the card:
Travel Accident Insurance
Cardholders get up to $250,000 of automatic travel insurance coverage for themselves, their spouse and dependent children when the full cost of common carrier tickets is charged to their Capital One card.
Car Rental Collision/Loss Damage Waiver
By charging the full purchase price of your next car rental to the card, you’ll receive full coverage if the car is damaged or stolen while under your rental agreement, for a period of up to 31 days.
A great feature for all travelers! If your checked baggage is delayed for more than four hours after arrival at your travel destination, you (along with your spouse and your dependent children) are eligible for reimbursement of up to $100 per day, for up to three days, to purchase essential items.
Overall, this is a fantastic card with many great features and no annual fee. Although the card offers excellent features, keep in mind that Costco will be accepting any MasterCard at their stores. Based on your spending and preferences, there may be an even better MasterCard card out there for you; enlist the help of Wallet Savvy to find the ideal card for you!