Peter Fox, WalletHub Analyst
@PeterFox
Exchange rate fees do not apply to the Capital One Quicksilver, as the card has a $0 foreign transaction fee.
You’ll want to avoid dynamic currency conversion, though. This is a foreign merchant’s offer to convert your transaction from the local currency to U.S. dollars. And it can be as much as 7% higher than the actual going rate. You can avoid this cost simply by turning down a merchant’s offer to convert your transaction and choosing to pay in the local currency.
Foreign transaction fees are usually 1-3% of the total price of purchases abroad (or online purchases made through international merchants). These are made up of the transaction fee imposed by credit card issuers and the exchange rate fee (typically 1%) tacked on by credit card payment processors (e.g.; Visa or Mastercard) to convert your purchase from the foreign currency to U.S. dollars. These fees apply when the merchant submits your payment for processing. The Capital One Quicksilver card, however, features $0 foreign transaction fees, so you won’t have to worry about any of these extra charges.
So as long as you avoid dynamic currency conversion, the Capital One Quicksilver can save you quite a bit of money.
Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards Credit Card
People also ask
How much is the Capital One Quicksilver annual fee?
The Capital One Quicksilver annual fee is $0. The combination of no annual fee and great cash back rewards on all purchases really helps the Capital One Quicksilver Card stand out from its competition. It’s not the only fee you need to worry about with the Capital One Quicksilver Cash Rewards Credit Card Card, though.
Capital One Quicksilver Fees
- Annual Fee: $0
- Cash Advance Fee: 3% (min $3)
- Foreign Fee: $0
- Balance Transfer Fee: 3% for the first 15 months, $0 for amounts transferred at the Transfer APR
- Max Late Fee: $40
An...
read full answerWhat's the Capital One Quicksilver interest rate?
The Capital One Quicksilver regular interest rate is 19.99% - 29.99% (V), based on creditworthiness. This card also offers intro APRs on purchases and balance transfers of 0% for 15 months. Note that balance transfers are subject to a fee of 3% for the first 15 months, $0 for amounts transferred at the Transfer APR.
What you should know about the Capital One Quicksilver interest rate:
- The actual rate you’ll receive upon approval depends on factors such as your income, payment history, and debt level.
- The card’s regular interest rate is listed on...
How much is the Capital One foreign transaction fee?
The Capital One foreign transaction fee is $0 on all of its cards. This means you won’t be charged extra on transactions processed outside of the United States, whether it’s a purchase at a physical location in a foreign country, or an online transaction through an internationally-based merchant. That goes for every single Capital One credit card, from travel rewards cards to cash back cards.
Good Capital One Credit Cards for International Purchases
- Rates & FeesOverall: Capital One Quicksilver Cash Rewards Credit CardCapital One Quicksilver Cash Rewards Credit CardLearn MoreLearn Moreon issuer's website
- Rates & FeesTravel Rewards: Capital One Venture Rewards Credit CardCapital One Venture Rewards Credit CardLearn MoreLearn Moreon issuer's website
- Rates & FeesBig Spenders: Capital One Venture X Rewards Credit CardCapital One Venture X Rewards Credit CardLearn MoreLearn Moreon issuer's website
- Rates & FeesBad Credit: Capital One Quicksilver Secured Cash Rewards Credit CardCapital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn Moreon issuer's website
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