What are the Capital One Quicksilver benefits?

This question is about the Capital One Quicksilver Cash Rewards Credit Card

WalletHub, Financial Company

@WalletHub • 07/19/21 This answer was first published on 02/22/21 and it was last updated on 07/19/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

Permalink Report Abuse

The best Capital One Quicksilver 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.

Here are some of the best Capital One Quicksilver benefits:

Rental car insurance
Travel accident insurance
Extended warranty
Concierge service
Free access to Paribus and Wikibuy
Unique culinary, music and sports experiences
$0 foreign transaction fee
Cash back rewards
$0 annual fee
Introductory financing offers

Capital One Quicksilver Cash Rewards Credit Card

4,799 Reviews

Learn More

Paul Filmore, Member

@paul_filmore • 02/10/18 This answer was first published on 02/11/18 and it was last updated on 02/10/18.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

Permalink Report Abuse

There's quite a lot of them though. I'd say the extended warranty's one of the more interesting benefits, besides the standard $0 annual fee and $0 foreign fee stuff.

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 and assets vs. existing debt. The more money you have available for bill payments, the more comfortable a lender will feel.

Rent or mortgage payments. If these payments take up too much of your monthly income, you’ll have less to spend on credit card bills.

Remember, if you’re approved for the Capital One Quicksilver Credit Card, you’ll probably 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.

show less

How do Capital One Quicksilver rewards work?

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.

show less

WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.

WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.

Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

Ask a Question

140

Ask Question

Ask Your Question

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.