The Capital One Quicksilver regular interest rate is 15.49% - 25.49% (V). But this card also offers an intro APR on purchases of 0% for 15 months. After that introductory period, Capital One Quicksilver’s APR is 15.49% - 25.49% (V).
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 your statement, in the “Interest Charge Calculation” section under “Annual Percentage Rate (APR).” This rate applies to both purchases and balance transfers. The Capital One Quicksilver charges a separate 25.49% (V) interest rate on cash advances. There is no penalty APR for late payments.
The Capital One Quicksilver card gives cardholders a 25-day window known as a grace period to avoid paying interest. The grace period runs from the end of a billing cycle until the due date. As long as you pay your credit card bill in full during that timeframe, there won’t be any interest charges. However, you’ll forfeit the grace period if you carry a balance to the next billing cycle. You can reinstate the grace period after you pay the entire balance for two consecutive months. The grace period does not apply to balance transfers or cash advances.
If you do carry a balance on your card, it will accrue interest daily. Interest compounds, which means you owe interest on both the principal balance and any interest already accumulated.