5% cash back on up to £2,000 in the first 3 months
Up to 1.25% unlimited cash back thereafter
Extra purchase & fraud security
Free credit monitoring + 2 credit reports a year from Equifax
Capital One World MasterCard credit card
Everything you need to know about this credit card, including how to apply, our review and the small print.
Available to those who are:
- Aged 21 or over
- UK resident
- Have an income of more than £20,000 per annum
- You've had no CCJs or defaults in the past
- Please check the full criteria before applying.
| Representative Example: 19.94% p.a. variable on purchases. This is equivalent to 19.9% APR representative variable based on a credit limit of £1,200. Capital One (Europe) plc, Registered Office: Trent House, Station Street, Nottingham, NG2 3HX |
What's on offer?
Main summary of this credit card's rates, rewards and services.
 Purchases: |
 Balance transfers: |
 Rewards: |
 Cardholder services: |
|---|---|---|---|
| 19.94% p.a. variable | 19.94% p.a. variable | 5% Cash Back for 3 Months (up to £100) Up to 1.25% Cash Back eXtras: select online discounts |
Online Account Management Fraud Guarantee Active Fraud Monitoring Identity Protection Service Credit Report Access MasterCard SecureCode Purchase Protection Insurance |
Further details and the small print
A closer look at the rates, rewards, services and our review of this credit card.
What we think
Our review and how this deal compares
Please read this first:
This review is based on general information about how the product compares in the market, it shouldn't be taken as a recommendation or advice.
Please see below for more important information relating to the content of this page.
The Capital One World MasterCard primarily offers a cash back reward scheme, alongside a premium list of additional benefits for purchases and fraud security.
Cash back rewards
The cash back scheme is a tiered one, and is adopted from American Express Platinum's original deal - which coincidentally changed a few months afterwards.
The scheme offers a 5% introductory cash back rate that is awarded on spending up to £2,000 within the first 3 months.
Cardholders spending the full amount will be able to earn £100 cash back.
Thereafter the scheme is unlimited and cash back is earned on aggregated purchases, with higher spend tiers earning more cash back.
The tiers are set out as follows:
- 0.5% on up to £5999.99
- 1% on £6,000 to £9999.99
- 1.25% on amounts over £10,000
Cash back is awarded annually and on aggregate amounts, which means each cash back rate is only awarded on spend within that particular tier.
In other words, cardholders will still only earn 0.5% on the first £5999.99 even if they've spent more than £10,000 over the year, and if they've spent £10,050 in a year only £50 would of earned 1.25% cash back.
Another term worth being aware of is that spend during the first 3 months introductory bonus period is not included in the first year's aggregate spend, so cardholders only have 9 months worth of spending in which to move up the cash back tiers in year one.
World MasterCard
Originally, World MasterCards were first launched as travel specific deals - with MasterCard providing a number of travel services separately to the issuing bank.
However, they were all re-launched about a year ago and now work by the issuing bank running a specific reward, and MasterCard no longer offering anything in addition.
In particular, they're no longer very world-ly (read: travel related).
Capital One Benefits
Capital One, however, does still add on additional benefits for World MasterCard customers, including the now exclusively offered Equifax credit monitoring service.
This service will alert cardholders to any change on their credit reports to help prevent ID theft, as well as two full credit reports a year.
Of course this service can be bought through Equifax directly, but the benefit here is just that it's included free.
In terms of fraud protection, Capital One also offers an Internet fraud guarantee, active fraud monitoring - which looks out for any unusual activity - and an identity theft assistance service.
As well as Section 75 credit card protection the Capital One World MasterCard credit card also offers a purchase protection insurance policy for goods bought with the card.
This protects eligible items up to £1,000 against loss, damage or theft for 100 days after purchase (up to £20,000 in a year).
Only UK purchases are covered and it's important to check the full policy details before relying on any cover. Other exclusions and limitations apply.
In summary
The Capital One World MasterCard is a premium card offering a rewarding cash back deal aimed towards higher spenders, alongside a bundle of cardholder benefits including unique access to Equifax services.
Application criteria
| Detail | |
|---|---|
| Only apply if you are: | - Aged 21 or over - UK resident - Have an income of more than £20,000 per annum - You've had no CCJs or defaults in the past - You've not missed any payments in the past |
| More likely to be accepted if you are: | - You're a home owner |
Interest rates
| Detail | Additional | |
|---|---|---|
| Representative APR (variable) | 19.9% APR | Based on a £1,200 credit limit. |
| Introductory Purchases | - | Not offered |
| Introductory Balance Transfers | - | Not offered |
| Standard Purchases | 19.94% p.a. variable | - |
| Standard Balance Transfers | 19.94% p.a. variable | - |
| Standard Cash Advances | 19.94% p.a. variable | - |
Fees and charges
| Detail | Additional | |
|---|---|---|
| Balance Transfer fee | None | - |
| Cash Advance fee | 3% (£3 min) | - |
| Foreign fee | 2.75% | This fee is charged for transactions made in non-sterling currency. |
| Annual fee | None | - |
| Default charges | £12 | This charge is made for late payments, returned payments and exceeding the credit limit. |
Repayment details
| Detail | Additional | |
|---|---|---|
| Credit limit | £1000 min, £10000 max | Credit limit is subject to status. |
| Interest free period | Up to 45 days | Maximum of 45 days for purchases where the balance is paid in full every month. 0 days for balance transfers and cash. Subject to any interest free period that may apply. |
| Minimum monthly payment | 1% (£5 min) | The monthly credit card payment is: the full outstanding balance if it is less than £5, but otherwise the greater of: - An amount equal to the total of (i) 1% of the outstanding balance on your account; (ii) interest applied to your account in that month; (iii) all Default Sums incurred in that month; and (iv) one twelfth of your Annual Fee, or - £5 |
| Allocation of payments | Highest interest rates first | Unless you pay the outstanding balance in full, the issuer will allocate your payments to balances which attract the highest interest rate first. Payments will be allocated to any amounts which have already appeared on a statement before allocating payments to any amounts subsequently applied to the account. |
Rewards and discounts
| Detail | |
|---|---|
| 5% Cash Back for 3 Months (up to £100) | - Earn 5% cash back during the first 99 days the account is opened. - 5% cash back is limited to a spend of £2,000 (a claim of £100 cash back). - Introductory cash back earned will be applied at the same time as any annual cash back. |
| Up to 1.25% Cash Back | - 0.5% for annual aggregate amounts up to £5999.99 - 1% for aggregate amounts from £6,000 to £9999.99 - 1.25% for aggregate amounts in excess of £10,000 - Spending made during the initial 99 day introductory period will not count towards the first year aggregated total. - Cash back is not earned on cash withdrawals, interest, fees, balance transfers, amounts refunded, or spending over your credit limit - Cash back will be credited to your account annually, and there's no limit to the amount you can earn (after the introductory bonus). |
| eXtras: select online discounts | Select online shopping discounts on everyday items with eXtras. Discounts website run by MasterCard or Visa Europe depending on the card issuer. |
Cardholder services
| Offered | Additional | |
|---|---|---|
| Online account management |  |
The account can be managed online. Optional paperless statements. |
| Fraud Guarantee | |
If the card is misused without the cardholder's knowledge they won't be held liable as long as reasonable care was taken with the card and security details. |
| Fraud Monitoring | |
Capital One will monitor your account for any unusual activity and alert you straight away. |
| Identity Protection | |
Help and guidance on how to prevent identity theft, as well as your own named advisor to help with your case from start to finish if you ever experience identity theft. |
| Credit Report Access | |
If your credit report changes, for example if someone applies for your credit using your name or if any key changes are made to your Equifax credit report you will be alerted. Free access to your Equifax credit report two times each year. |
| 3D Secure | |
MasterCard SecureCode An extra layer of security when shopping online. Register and set up a password-protected identity-check when you shop online with participating online retailers. |
| OneTouch Payments |  |
- |
| Purchase Protection Insurance | |
Cover for loss, damage of theft from 100 days after purchase. > Up to £1,000 cover > £25 excess > £20,000 maximum claim in any 12 month period > UK only policy, stolen purchases must be reported to the police within 24 hours. > Delivered items are not covered whilst they are in transit. > Other exclusions, limitations and terms apply. |
| Purchase Delivery Insurance | |
The 'Purchase Protection Insurance' policy does not include mail order or items delivered by courier whilst they are in transit. |
| Comprehensive Travel Insurance | |
- |
| Travel Accident Insurance | |
- |
| Travel Inconvenience Insurance | |
- |
| Assistance Abroad | |
- |
| Emergency Card Replacement | |
- |
Please read the following notice:
The review on this page is intended to provide general information only and does not attempt to give advice that relates to your specific circumstances. If you are unsure as to the suitability of any financial product, you should discuss this with an independent financial advisor.
While we make every effort to ensure and maintain current and accurate information on this site and the review on this page will be periodically updated inline with product changes, it could contain rates, deals or facts which have now changed and therefore should not be solely relied upon.
You should check the full details of any product with the relevant provider before applying, and you are advised to conduct your own research as well.
We aim to provide free reviews and comparisons of consumer products. To keep the site free, we are paid by some providers when new customers take products after they've clicked on our links. We don't allow our editorial content to be affected by those links, however we may not include all of the products available in the market.
Please read our full disclaimer for other important information that relates to the information and service we provide and your use of this site.
If you would like to get in touch with us you can contact us here »
Quick Links
Compare Credit Cards »
Compare Personal Loans »
Compare Current accounts »
Compare Savings accounts »
Money guide & news »
Why not have a look around our other price comparison sections? We also cover home and mobile broadband, home media bundles, mobile phones, shopping and entertainment.
Stay in touch
Keep up to date with the latest deals, product updates and market news from the Choose team.
Simply fill in your details below...
Want to talk?
Have an opinion, want to make a suggestion or just fancy a natter?
Get in touch and we'll be pleased to see what we can do.
Unfortunately, we can't always be as helpful as we'd like, but where we can't help we will try to point you in the right direction instead.
Please read more about contacting us and how to get in touch here »
