Capital One Quicksilver’s referral bonus is $100 for every friend who is approved for the Quicksilver card, up to $500 per year. The bonus is not available to everyone, though. Some Quicksilver cardholders report receiving an e-mail offer from Capital One with details on how they can get a referral bonus. Capital One does not disclose the criteria it uses to determine which cardholders will receive an e-mail.
The e-mail that selected cardholders receive includes a link to forward to people they want to refer. For a cardholder to earn the bonus, the referral must complete the application through the provided link and be approved for a Quicksilver card. If a referral’s application is denied, the cardholder won’t receive the $100 bonus. Cardholders can refer as many friends as they want. However, the bonus applies only to the first 5 approved applications each year. Denied applications don’t count toward the annual referral limit.
Capital One Quicksilver is an attractive card to refer. It offers 1.5% cash back on all purchases and a $150 initial bonus for spending $500 in the first three months. There’s also an introductory APR of 0% for 15 months, a $0 annual fee and a $0 foreign transaction fee.
The Capital One Quicksilver foreign transaction fee is $0. There are no Capital One Quicksilver international fees for using your card abroad or shopping online from foreign-based merchants. And that’s great news for you, because foreign transaction fees will usually add an extra 1%-3% to every purchase you make.
By the way, the $0 Capital One Quicksilver foreign transaction fee applies to both Quicksilver cards: Quicksilver (for good credit or better) and QuicksilverOne (for limited/fair credit). Actually, no Cap 1 credit card has an international fee.
There are a couple other things you should be aware of before going on an international spending spree, though.
Here are the Capital One Quicksilver foreign transaction fee details:
Capital One Quicksilver does not charge a foreign transaction fee.
Capital One QuicksilverOne has no foreign transaction fee.
No Capital One credit card charges a foreign fee.
Foreign transaction fees aren’t just for in-person transactions. They can also apply to online or phone purchases made through internationally located merchants.
Instead of wasting up to 3% on foreign fees, which many other cards charge, you’ll be earning 1.5% back with every Quicksilver purchase, thanks to its cash rewards.
The Capital One Quicksilver annual fee is $0.
So Capital One Quicksilver won’t cost you extra on foreign transactions. But it might not save you as much as possible, either. If you want the most travel value from Capital One, consider the Venture card. It has a 50,000-mile initial bonus and gives 2 miles per $1 on all purchases.
The Capital One Quicksilver rental car insurance policy provides coverage in case of collision and theft. All you need to do is pay for your rental with your Capital One credit card and reject the optional collision damage waiver offered by the rental company.
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