The Capital One Quicksilver annual fee is $0. The Quicksilver Card also has no foreign transaction fee and gives unlimited 1.5% cash back on all purchases, plus a $150 signup bonus for spending $500 in the first 3 months. Applicants need at least good credit to be approved. The version for people with limited/fair credit, the Capital One QuicksilverOne card, has a $39 annual fee with the same 1.5% cash back rate.
Another $0 annual fee Capital One card worth considering is the SavorOne Cash Rewards Card. It gives 3% cash back on dining and entertainment, 2% on groceries, and 1% on all other purchases. Cardholders can also earn a signup bonus of $150 once you spend $500 once you’ve had your account open three months. You’ll need at least good credit to be approved for the SavorOne card.
There is no Capital One member fee because you don’t have to pay just to be a customer. And there are no member dues or anything like that because Capital One is a bank, not a cooperative like a credit union. But there are some Capital One member fees for specific credit cards. For example, Capital One Venture does not have a membership fee the first year your account is open but charges $95 per year after that. … read full answer
Capital One credit card membership fees can be charged as annual fees or monthly fees (annual fee divided by 12). Whether you’re charged by year or by month depends on how you apply. If you apply online, it will be set up for annual and you’d have to call customer service after approval to ask to switch to monthly. If you apply by phone, you can choose to have a monthly fee right from the start, if you want.
Not every Capital One card has a membership fee, and those that do charge such a fee differ in the price.
Here are the Capital One member fees by card:
Capital One Platinum: $0
Capital One SavorOne: $0
Capital One Secured: $0
Capital One Quicksilver: $0
Capital One QuicksilverOne: $39 annually/$3.25 monthly
Capital One Venture: $95 annually/$7.92 monthly ($0 the first year)
Journey Student Rewards from Capital One: $0
As you can see, many Capital One cards don’t charge a membership fee at all. If your card is one of the few that does, the fee will be charged to your card like a normal purchase. That will happen each year after your account anniversary (or right away the first year).
The Capital One Quicksilver credit limit is $1,000 to $10,000, depending on your creditworthiness. If you are approved for the Quicksilver card, the absolute minimum credit line you will receive is $1,000. Capital One does not list a maximum credit limit in Quicksilver’s terms and conditions. But it seems to be around $10,000, based on what cardholders report in the forums.… read full answer
Your credit info and spending power determine not only your credit limit, but also whether you get a Visa Signature card or a Visa Platinum card. If you get approved for a Capital One Quicksilver credit limit of $5,000+, you’ll get the Visa Signature version. If your limit is lower, you’ll get the Platinum Visa. There isn’t much of a difference between the two, but Visa Signature cards provide some additional secondary benefits.
If you want to aim for a higher credit limit, there are a number of areas in which you should focus on improving.
Here are the biggest factors affecting Capital One Quicksilver credit limits:
Your payment history. If you’ve consistently paid your bills on time, creditors will view you as more trustworthy and will be more likely to extend you higher credit lines.
Income & assets vs. existing debt. The more money you have available for bill payments, the more comfortable a lender will feel.
Rent/mortgage payments. If these payments take up too much of your monthly income, you’ll have less to spend on credit cards.
Remember, if you’re approved for the Capital One Quicksilver Credit Card, you’ll receive a credit limit of at least $1,000. You need at least good credit to get approved. And the better your credit is, the higher you can expect your spending limit to be.
Capital One Quicksilver is a Visa card, not a Mastercard. If approved for Capital One Quicksilver, you’ll receive either a Visa Platinum or Visa Signature version of the card. Visa Platinum cards have credit limits starting at $5,000. Visa Signature cards have limits starting at $10,000. To be approved for the Capital One Quicksilver card, you’ll need at least good credit. Quicksilver has a $0 annual fee and earns unlimited 1.5% cash back on all purchases.… read full answer
While the Capital One Quicksilver card is a Visa for new applicants, the Capital One QuicksilverOne card is a Mastercard. The QuicksilverOne card accepts applicants with limited credit history and gives the same 1.5% cash back rate as the Quicksilver card. However, unlike Quicksilver, QuicksilverOne has an annual fee: $39. It’s a great starter card though. It’s actually interesting to note that if you get the Quicksilver card as an upgrade from QuicksilverOne or Capital One Platinum (the other option for people with limited credit), you might receive a Quicksilver Mastercard. But that may or may not be the case for everybody.
Visa and Mastercard are both accepted worldwide, so you can rest assured that your Capital One Quicksilver card will work anywhere you need it to. You’ll get plenty of benefits from both too.
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