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Capital One rewards, under the No Hassle program, are some of the best in the credit card industry as they never expire and there is no minimum amount required to redeem your rewards. The Capital One No Hassle Cash Rewards Credit Card, issued by Capital One Financial (COF), is a rewards card that not only gives you the convenience of a credit card it gives you extras just for using your card. It is a Platinum MasterCard (MA) designed for those who want to save money on everyday spending by earning cash rebates, as well as to enjoy many other card benefits.

This Capital One Rewards card has two versions: one for people with excellent credit score, and one for those with an average credit score. There are a few differences between the card for excellent credit and the one for average credit, and we'll cover them in this review. If you're not sure what your credit score is, see how to get your credit score for free.

Capital One Rewards - No Hassle Card Review

Here are what both cards have in common:

Earn 2% cash back on gas and groceries. This is a great offer since you will receive a 2% cash back reward when purchasing food at most major grocery stores and when filling your vehicle's tank of gas at almost any gas station .

Earn 1% cash back on all other purchases. When making any other purchases with this card that are not the ones mentioned above, you will receive a 1% cash back reward.

Shop through Perk Central to get up to 15% more cash back. Capital One has partnered with more than 300 retailers so that you can get more cash rebates when shopping through their shopping network.

Accumulate unlimited cash back and rewards never expire. The more you spend on your card, the more cash back rewards you can earn. Since rewards don't expire, you can take your time to accumulate as much as you want to later redeem for a larger reward.

Get your cash back anytime. You can redeem your cash rewards anytime, whenever it's convenient for you. There are 3 ways you can redeem your rewards: 1) by phone, 2) through their rewards website or 3) set a pre-determined amount for redemption and get your cash back automatically!

Personalize the look of your card. You can select an image of your card by choosing from hundreds of images, or simply upload one of your favorite pictures to use for your card. This special feature gives you an opportunity to personalize your own card!

0% foreign transaction fee. If you're often traveling outside the U.S. or like to make online purchases, you will like that this card has a 0% foreign transaction fee when you make purchases in another currency on your card, thus saving you money. Capital One is one of the few card issuers in the U.S. that charges no foreign transaction fee.

Free Extended Warranty. If you purchase a new item with this card and it comes with an original manufacturer's warranty of 12 months or less, this extended warranty will double the original warranty time period to up to 12 months on most items that you purchase. This is a great benefit to have as it saves you from having to purchase additional warranty from stores especially when you buy electronic goods.

$100,000 travel accident insurance. If you pay for your or your family's travel tickets with this card, you will automatically be covered under this travel accidence insurance plan in the event of death or dismemberment.

Other travel-related benefits. You get 24-hour travel assistance services which will be helpful if you require any information relating to your travel such as passports, visas, immunizations etc. If your credit card is lost or stolen, you can get an emergency card replacement and a cash advance. You'll also get medical assistance, legal referrals when you are away from your home.

Auto rental insurance. When you rent a vehicle for less than 15 consecutive days with this card, you will be covered against accidental damage or theft of your rented vehicle. This coverage applies worldwide, except for countries like Australia, New Zealand, Italy etc.

$0 Fraud Liability. No more worries about people stealing from your card account as you won't have to pay a single cent on unauthorized transactions on your card.

No balance transfer fee. This will benefit those of you who want to transfer any existing card debts to this card. Most banks in the U.S. charge a balance transfer fee. However, you should only do a balance transfer if you are currently paying a higher interest rate than the interest charged on this card since this card doesn't offer any 0% introductory APR on balance transfers.

If you have excellent credit, your card will have these additional benefits:

No annual fee. You will receive all the attractive benefits of this card for free without having to pay an annual fee.

0% introductory APR on all your purchases till August 2012. You will enjoy the benefits of having a 0% introductory APR on all your purchases until August 2012, after that you will have to pay the regular variable APR, which is either 12.9%, 16.9% or 20.9%, depending on your credit score. Remember that even though you're in an introductory period and your APR is 0%, you should still make all your payments on time.

If you have average credit, your card will have:

0% introductory APR on all your purchases till November 2012. You will enjoy the benefits of having a 0% introductory APR on all your purchases until November 2012, after that you will have to pay the regular variable APR of either 17.9%, 19.9% or 22.9% depending on your credit score.

A $39 annual fee. This is a relatively low annual fee in exchange for a great rewards credit card designed for those with average credit. Once your credit score improves in the future, you will be able to get a rewards card without an annual fee.

The Capital One No Hassle Cash Rewards is a well-rounded rewards credit card for people who have excellent or average credit. This card lets you earn 2% cash back on groceries and gas, 1% cash back on all other purchases, and offers 0% introductory APR on purchases till August 2012 if you have excellent credit, and till November 2012 if you have average credit, which is a huge advantage if you want to buy a big-ticket item and then pay for it interest-free over several months. Plus, you get additional benefits such as free extended warranty, car rental insurance, 0% foreign transaction fee, travel accident insurance and many others.

This Capital One Rewards card lets you earn unlimited cash rewards that don't expire as long as your account is active, and you have the flexibility to redeem your cash back whenever you want. So if you want a rewards credit card with a very flexible redemption program, the Capital One No Hassle Cash Rewards is a good choice of card to get.

This card offer has already expired! However, click here to check out the best Rewards Cards offering bonus points.