Capital One The Key Rewards Visa Review

Save big across some of the best furniture and home brands in the world with this card.

Written by : Updated On: December 9
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The basics

Reward Rate:

Groceries

Online and in stores

5%
Groceries

Grocery stores and restaurants

4%
Groceries

Everything else

1%

1. 5% back online and in stores at the following brands:

Williams Sonoma

Williams Sonoma Home

Pottery Barn

Pottery Barn Kids

Pottery Barn Teen

West Elm

Mark & Graham stores

2. 4% back at grocery stores and restaurants, including food delivery but excluding fast food

3. 1% back on all other purchases

Key Features:

Annual Fee

None

Intro APR

N/A

Regular APR

29.74%

Signup Bonus

signup-bonus

10% back across the seven brands for the first 30 days after account opening.

Redemption ways

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For every $20 of rewards you earn, you will receive a $20 Rewards Certificate to be used at any of the brands.

Our Verdict

The co-branded Capital One Key Rewards Card gives a whopping 10% back on purchases for the first 30 days after account opening when shopping at any of the seven brands. You can get something for everyone between Pottery Barn, Pottery Barn Kids, Pottery Barn Teens, West Elm, Williams Sonoma, Williams Sonoma Home, and Mark & Graham stores. Do note that the 10% back comes in the form of a Rewards Certificate, meaning that you must use it on purchases at the brands on the card. However, if you have a lot you need to buy down the line, then this could be a great way to get a discount.

With no annual fee and a $25 gift certificate on your birthday every year, we really like this card for purchases at these brands. They are also currently offering promotional financing on purchases over $750 for 12 months, which is easy to hit when buying furniture or other home furnishings.

Best Suited for:

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The Avid Shopper

You love a great bargain and know your way around a Neiman Marcus as well as a Target. You also love a good online shopping session. Finding a sale at your favorite store is great, but what you really love is a great cash back rewards program.

ProsCons
High rewards earned for purchases at co-branded stores Rewards only come after earning $20
No annual feeRewards come in the form of a certificate which can only be used at the participating brands
High APR relative to other cards on the market

Hidden perks

The best part of this card is the 10% back at the stores for the first 30 days after opening an account. Make sure you time it to where you can get the most rewards, so save your big home purchases for right after you get approved.

Beyond the basics

Balance Transfer Intro APR

29.74%

Cash Advance APR

29.74%

Foreign Transaction fees

None

Loan APR

None

Late Payment fee

up to $40

Penalty APR

None

Credit Score required

750+

What we like about this card

The Capital One The Key Rewards Visa card offers tailored rewards for purchases at a variety of affiliated stores to Williams Sonoma, making it appealing for frequent shoppers at those locations. With this card, users can earn rewards specifically designed for their favorite stores within The Key Rewards network.

Additionally, the absence of an annual fee enhances its attractiveness, especially for those looking to earn rewards without added costs. The card also provides new cardholders with a competitive introductory offer, adding value from the start.

 

Drawbacks and considerations

While the card offers rewards at specific affiliated stores, its benefits will be severely limited for those who don’t frequently shop at these retailers. If your spending is primarily outside The Key Rewards network stores, or your primary spend categories aren’t on groceries and restaurants, this card’s rewards might not align well with your purchasing habits. Additionally, the rewards earned are typically store-specific, restricting redemption options to the affiliated stores within The Key Rewards network.

Other Offers

Enjoy promotional financing on purchases of $750 or more when using your card.

$25 birthday reward sent to your email each year.

Receive free standard shipping at Williams Sonoma.

How to decide if this card is right for you

Deciding on the Capital One The Key Rewards Visa card depends on your shopping habits and preferred stores. If you frequently shop at the affiliated stores within The Key Rewards network, this card can be highly beneficial, allowing you to earn tailored rewards for your purchases. On top of this, it grants 4% cash back at grocery stores and restaurants which can offset the lack of benefits if you don’t shop at Williams Sonoma stores.

However, if your spending is primarily outside of The Key Rewards stores and food or if you prefer more versatile rewards that can be used across various retailers, exploring other rewards cards might be more advantageous.

 

Pair this card with:

Platinum Card from American Express

citi-Premier

You should really only be using this card to make purchases at the seven brands listed on the card. While you do get cash back at grocery stores, you can only use the cash back at the brands as Rewards Certificates, so it makes sense to pair this card with a cash back card that gives you statement credits to offset your spending. We love the Platinum Card from American Express. Although you need excellent credit to use this card, it comes with some of the best perks in the industry. When you use these cards together, you really feel the luxury.

Apply now: Platinum Card from American Express

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FAQs

Yes, The Key Rewards is a legitimate rewards program offered by Capital One. Users can earn rewards on their transactions made at specific affiliated stores within The Key Rewards network. The program allows cardholders to accumulate rewards tailored for use within the network of participating stores.

Stores affiliated with The Key Rewards program include well-known retailers such as Williams Sonoma, Pottery Barn, West Elm, and other brands under the Williams-Sonoma, Inc. umbrella. Cardholders can earn rewards specifically designed for their purchases at these affiliated stores within The Key Rewards network.