Capital One has been making waves in recent times and has been grabbing the limelight over the last few months. After the mid-June purchase of ING Direct, the bank acquired the United States credit card division of HSBC a week ago. Now, the bank is busy making plans to expand its presence in the business credit card segment and has come up with a new business credit card that offers best deals to cardholders.
The new card from Capital One for businesses is called the Capital One Business No Hassle Cash Premier card. Customers will be entitled to a cash back of 2 percent on every purchase they make using this card. During a press release to announce the release of this card, Rajsaday Dutt, the senior director of the small business cards division for the bank, said that the owners of small businesses are too busy to focus on the rewards they get only when they shop at certain retail stores. He went on to mention that the new card focuses on being simple and offers high value cash back as compared to other condition oriented rewards which will prove beneficial to entrepreneurs.
The Capital One Business No Hassle Cash Premier card has a number of favorable features associated to it. In addition to the 2 percent cash back on all purchases, the bank also offer customers an added $100 if they spend up to $1000 on this card within the first 90 days. There are no foreign transaction charges on the card as well.