Capital One
The Key Rewards Visa
Estimated value every year on typical spending
$246/ year
Every year, after the annual fee. No welcome bonus.
Based on a typical ~$2,600/month of spending. Points valued conservatively; confirm terms with the issuer.
Credits & perks, at estimated real use: Birthday Reward (not counted)
Carry a balance? At 20%+ APR, interest usually costs more than any card earns.
Is it worth it?
With no annual fee, the Capital One The Key Rewards Visa can't cost you money to hold, so the question is only whether another card would earn more. It's worth about $246 a year on typical spending.
Its rewards are Key Rewards, which only spend with one merchant, so we count them at 50% of face value.
The fine print
- Intro APR
- Not applicable
- Regular APR
- 29.24% variable
- Foreign fee
- None
- Top perk
- $25 birthday reward sent annually to your email
- Approval
- Good credit recommended
- Redeem for
- Statement credit · Direct deposit · Gift cards
Rewards
- 10% back for your first 30 days at participating brands, then 5% thereafter
Sign-up bonus
10% back in rewards for your first 30 days
Best for
- Keeping costs at $0
Not ideal for
- Anyone who doesn't shop there often (rewards are Key Rewards, so we count them at half value)
- Frequent international travelers
Trade-offs: No annual fee ↔ lower category bonuses.
Worth knowing
- Annual fee
- $0
- Intro APR
- Not applicable
- Regular APR
- 29.24% variable
- Balance transfer fee
- 3% transfer fee on the amount of each transfer balance that posts to your account at a Promotional APR that we may offer you.
- $500/mo on groceries earns about $120/year (2%).
- $1200/mo on everyday spending earns about $72/year (0.5%).
Offer history
No changes to the fee, welcome offer or intro APR since we started checking this card daily on Oct 26, 2026.
The Key Rewards Visa: questions people ask
Is the Capital One The Key Rewards Visa worth it?
With no annual fee, the Capital One The Key Rewards Visa can't cost you money to hold, so the question is only whether another card would earn more. It's worth about $246 a year on typical spending.
What is the Capital One The Key Rewards Visa annual fee?
The Capital One The Key Rewards Visa has no annual fee ($0).
What is the Capital One The Key Rewards Visa welcome bonus?
10% back in rewards for your first 30 days. We check the issuer's page daily; it hasn't changed since we started tracking on Oct 26, 2026.
What does the Capital One The Key Rewards Visa earn?
10% back for your first 30 days at participating brands, then 5% thereafter.
What credit score do you need for the Capital One The Key Rewards Visa?
The issuer recommends good-excellent credit. Checking your matches on CardFit never runs a credit check.
Does the Capital One The Key Rewards Visa charge foreign transaction fees?
No. The Capital One The Key Rewards Visa has no foreign transaction fee.
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Card details are collected from issuer websites and were last refreshed October 29, 2026. Source: Capital One product page. Terms change often; confirm them with the issuer before you apply.