Tom Lipkis, Retired Economy Teacher
@cindercard
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.
James D Richard, B2B Sales
@b2bfever
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.
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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 … read full answer
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