Capital One is introducing a new credit card today that pays a 1 1/2% kick back on all purchases. Most money-back cards only pay 1%. The catch? You only get 1% each month, but then get the rest at the anniversary date of activating the card. So if you get a $50 kickback at the end of August, another $25 dollars is added to the pile you receive in 12 months. Why do it this way? I assume to discourage you from cancelling the card.