The Capital One Quicksilver interest rate is 0% for 15 months on purchases and 0% for 15 months on balance transfers. After that introductory period, 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 Quicksilver card charges a separate 26%+(V) interest rate on cash advances. There is no penalty APR for late payments.
The 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 onboth the principal balance and any interest already accumulated.
The Cap One Quicksilver interest rate can be anywhere between 16.24% - 26.24% based on how good your credit is. The cash advance APR is a hefty 26.24%, regardless of your credit score, but you should never get a cash advance.
Capital One credit card interest rates range from 0% (for a limited time) to 24.99% (V), depending on the card and the cardholder’s creditworthiness. The best Capital One credit card for low interest rates is Capital One Quicksilver because it offers 0% for 15 months followed by a regular APR as low as … read full answer15.49% - 25.49% (V). The Quicksilver card also has a $0 annual fee.
The Capital One credit cards with the highest interest rates are the Capital One Secured Mastercard (26.74% (V)) and the Capital One Platinum Card (26.74% (V)). They’re also the easiest to get. Capital One Platinum accepts applicants with limited or no credit, while Capital One Secured accepts people with bad, limited or no credit.
Most Capital One credit card interest rates are listed as a range, such as 14.74% - 24.74% (V). The better an applicant’s credit is, the better their chances will be of getting a rate at the low end of the range. All Capital One credit card interest rates are variable, meaning they can go up or down as the market changes.
2020Capital One Credit Card Interest Rates:
Capital One VentureOne: Not Offered on purchases; 10.9% - 18% (V) regular APR
Capital One Quicksilver: 0% for 15 months on purchases; 0% for 15 months on balance transfers; 15.49% - 25.49% (V) regular APR
Capital One Venture: 17.24% - 24.49% (V) regular APR
Capital One SavorOne: 0% for 15 months on purchases; 0% for 15 months on balance transfers; 15.49% - 25.49% (V) regular APR
Capital One Savor: 15.99% - 24.99% (V) regular APR
Capital One Platinum: 26.74% (V) regular APR
Capital One Secured Mastercard: 26.74% (V) regular APR
Journey Student Rewards from Capital One: 26.74% (V) regular APR
Capital One Spark Cash Select for Business: 0% for 12 months on purchases; 14.49% - 22.49% (V) regular APR
Capital One Spark Miles Select for Business: 0% for 12 months on purchases; 14.49% - 22.49% (V) regular APR
Capital One Spark Cash for Business: 18.49% (V) regular APR
Capital One Spark Miles for Business: 18.49% (V) regular APR
Capital One Spark Classic for Business: 24.49% (V) regular APR
Capital One also has a number of store branded credit cards, which can only be used at specific retailers. The interest rates for these Capital One store cards range from a low of 16.74% - 25.74% (V) on the Cabela’s Credit Card to a high of 28.49% (V) on the Maurices Credit Card.
Your Capital One credit card interest rate will be clearly indicated on your monthly statement. Keep in mind that there’s also a separate interest rate for cash advances. And there’s a penalty rate for missing payments. Expect both of these rates to be equal to or higher than the regular interest rate.
Capital One Quicksilver is a Visa card, not a Mastercard. If approved for Capital One Quicksilver, you’ll receive either a Visa Platinum or Visa Signature version of the card. Visa Platinum cards have credit limits starting at $5,000. Visa Signature cards have limits starting at $10,000. To be approved for the Capital One Quicksilver card, you’ll need at least good credit. Quicksilver has a $0 annual fee and earns unlimited 1.5% cash back on all purchases.… read full answer
While the Capital One Quicksilver card is a Visa for new applicants, the Capital One QuicksilverOne card is a Mastercard. The QuicksilverOne card accepts applicants with limited credit history and gives the same 1.5% cash back rate as the Quicksilver card. However, unlike Quicksilver, QuicksilverOne has an annual fee: $39. It’s a great starter card though. It’s actually interesting to note that if you get the Quicksilver card as an upgrade from QuicksilverOne or Capital One Platinum (the other option for people with limited credit), you might receive a Quicksilver Mastercard. But that may or may not be the case for everybody.
Visa and Mastercard are both accepted worldwide, so you can rest assured that your Capital One Quicksilver card will work anywhere you need it to. You’ll get plenty of benefits from both too.
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.