The best Capital One Quicksilver Cash Rewards Credit Card benefits include travel accident insurance, rental car insurance, extended warranties and a concierge service. The card also offers access to unique experiences, along with virtual card numbers and other security protections. To top it off, the Capital One Quicksilver Card has great cash back rewards and introductory interest rates. That’s why Capital One Quicksilver is one of the best everyday credit cards currently on the market.
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 rewards are simple: You get 1.5% cash back on every purchase, with no limit on the amount you can earn, and you can redeem for a statement credit or check at any time. For context, most cash back credit cards give you 1% back as a base rate. And unlike rewards cards with points or miles, you’ll always know exactly how much your Capital One Quicksilver cash back is worth.… read full answer
So, the Capital One Quicksilver rewards program is generally characterized by a combination of simplicity and top-shelf savings potential. There are a few nuances you should be aware of, though.
Here’s what you need to know about Capital One Quicksilver’s rewards:
There’s an initial bonus. Spending $500 within 3 months of account opening gets you an extra $200 cash bonus.
Your cash back doesn’t expire. But you’ll lose it if you close your account or Capital One closes it for you (because you didn’t pay the bill, for example).
You have redemption options. You can choose to schedule redemption of all your rewards at a certain time of year, or after you’ve earned a certain amount. You can manage all of these choices by logging in to your account at CapitalOne.com. You may also redeem your cash back for previous purchases or gift cards. If you don’t choose to set up automatic redemption, you’ll have to request your cash back through your account. You can do this at any time.
You might be able to transfer. If you have another Capital One credit card account, it might be possible to transfer your cash back rewards there. But it depends on which card it is.
Overall, I’d definitely say Capital One Quicksilver is one of the best cash back credit cards. And I definitely recommend setting up automatic rewards redemption if you get it.
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