The Capital One QuicksilverOne foreign transaction fee is 0%. This means you will not be charged extra when you make purchases outside the U.S. using the QuicksilverOne card. Foreign transaction fees on credit cards range from 0% to 3%, depending on the card and issuer. Capital One does not charge foreign transaction fees on any of its personal or business credit cards.
No foreign transaction fee is just one of the features that make QuicksilverOne a worthwhile rewards card. It’s pretty easy to get, available even to people with limited or no credit.It also offers 1.5% cash back on all purchases to cancel out its modest $39 annual fee. The QuicksilverOne card is on the Visa credit card network, which means you’ll benefit from wide-ranging international acceptance.
There is no Capital One foreign transaction fee. Or, in other words, the Capital One foreign transaction fee is 0%. That goes for every single Capital One credit card and debit card, too from travel rewards cards like Venture to cash back cards like Quicksilver. Want proof? The Capital One website says: “Capital One does not charge a fee for using your credit card for foreign currency transactions.”… read full answer
That means you won’t pay extra just for shopping at foreign merchants, whether you’re traveling abroad or buying things online from merchants in other countries. Typically, a foreign transaction fee will cost you an extra 1%-3% of the purchase amount. Capital One, Discover, USAA and PenFed are the only major credit card companies that don’t charge foreign fees on any of their cards.
Even though there are no Capital One credit card foreign transaction fees, there’s still one thing you need to watch out for: Dynamic Currency Conversion (DCC). Capital One doesn’t impose this on you, but they can’t protect you from it, either, unfortunately. Dynamic currency conversion is when a merchant charges you in U.S. dollars rather than the local currency and uses an unfair exchange rate to inflate the price. You should always tell merchants to charge you in the local currency. And if you see on your receipt that they didn’t, you should ask them to void the transaction and do it over.
As long as you avoid DCC, you won’t have to worry about extra charges when using a Capital One credit card abroad, thanks to your $0 Capital One foreign transaction fee.
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.
The Capital One Quicksilver credit limit is $1,000 to $10,000, depending on your creditworthiness. If you are approved for the Quicksilver card, the absolute minimum credit line you will receive is $1,000. Capital One does not list a maximum credit limit in Quicksilver’s terms and conditions. But it seems to be around $10,000, based on what cardholders report in the forums.… read full answer
Your credit info and spending power determine not only your credit limit, but also whether you get a Visa Signature card or a Visa Platinum card. If you get approved for a Capital One Quicksilver credit limit of $5,000+, you’ll get the Visa Signature version. If your limit is lower, you’ll get the Platinum Visa. There isn’t much of a difference between the two, but Visa Signature cards provide some additional secondary benefits.
If you want to aim for a higher credit limit, there are a number of areas in which you should focus on improving.
Here are the biggest factors affecting Capital One Quicksilver credit limits:
Your payment history. If you’ve consistently paid your bills on time, creditors will view you as more trustworthy and will be more likely to extend you higher credit lines.
Income & assets vs. existing debt. The more money you have available for bill payments, the more comfortable a lender will feel.
Rent/mortgage payments. If these payments take up too much of your monthly income, you’ll have less to spend on credit cards.
Remember, if you’re approved for the Capital One Quicksilver Credit Card, you’ll receive a credit limit of at least $1,000. You need at least good credit to get approved. And the better your credit is, the higher you can expect your spending limit to be.
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