I have had this card for almost 6 years. I absolutely love it. If your someone who wants to treat this card as cash back, don't bother, you will not get the return proportionly. If you choose this card, understand your choosing a Flyer Miles travel card, not a cash back. As a military member, I have no Annual membership fee and my interest rate is capped at 4%, and other waived fees. I treat my credit card like a debit card, I have never paid interest by always paying it off in full and I use it for everything possible. So I earn my flyer miles absolutely free. For anyone who has this card, don't purchase tickets through their website, you'll find it cheaper somewhere else, like Travelocity or something. Purchase the ticket with your credit card regularly. Then when the transaction posts, use the purchase eraser to credit your account back. This is especially great option because the CapitalOne Site doesnt let you purchase part of a ticket with points and rest with credit card if you dont have enough points. So you can use the purchase eraser to give a credit back for however many points you do have. The statement credit is proportionate. IE: 42,550 Miles will be a credit of $425.50 credit for rental cars and hotels. One thing I haven't checked to see is if, you purchase the ticket with your credit card, and use the purchase eraser, if it will take back the miles or if you still retain them. I recommend this credit card for anone wanting a credit card that will maximize their travel rewards.