The Capital One Quicksilver exchange rate fee applies when a merchant submits the payment for processing. That’s usually the same date of the transaction, but in some cases, the merchant may not submit the payment that day.
Exchange rate fees are typically 1% of the total price of purchases abroad. A merchant will apply this fee to cover the cost of converting foreign currency into U.S. Dollars. Credit card and/or ATM networks set these rates, which are often built into a credit card’s foreign transaction fee. The Quicksilver card, however, has a $0 foreign transaction fee. This means which you’ll avoid the hassle of exchange rate fees altogether if you use the card for your international transactions.
Capital One® Quicksilver® Cash Rewards Credit Card
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. 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.