Banking Deals of the Week: Jan. 20

Politics, especially the big vote yesterday in Massachusetts, where Republican Scott Brown crashed the U.S. Senate seat held by the late Democrat Ted Kennedy, has dominated the headlines during the first few weeks of January.

But for deal junkies, who we love here at BankingMyWay, there’s actually some news beyond the political front — decent traction in the bank rate market. One reason: after the holidays, Americans usually go back into their shells and count their pennies. So credit card issuers, banks and other financial institutions have to get more aggressive about earning their business.

We’re seeing some evidence of that this week.

Hence, an uptick in good banking deals — and we have some of the best here at Deals of the Week.

Credit Cards

First up on the block this week is the credit card sector, where Capital One (Stock Quote: COF) has an interesting post-holiday card bargain through its “No Hassles” credit card.

The card allows you to earn double miles on purchases over $1,000 per month. Even if you don’t get to the $1,000 level, the Capital One card still gives you one-mile-per-dollar up to the first $1,000 you spend.

The card also comes with that increasingly rarest of creatures — an 0% APR until December (then a 13.9% variable interest rate after that). According to the card’s Web site, you can use the miles for any travel expense, cash back and even gift cards.

For more information, check out the Capital One Web site.

If you liked this article you might like

Dividend Funds Need to Be in Your Life

Unlock the Secrets Behind Bitcoin Investing

Questions You Must Ask a Car Salesperson to Avoid Getting Ripped Off Big-Time

5 Surefire Ways to Destroy Your Marriage

Best States for Retirement in the U.S.