Capital One Quicksilver rewards are simple: You get 1.5% cash back on every Quicksilver purchase, with no limit on the amount you can earn, and you can redeem for a statement credit or check at any time. For context, most cash back credit cards give you 1% back as a base rate. And unlike rewards cards with points or miles, you’ll always know exactly how much your Quicksilver cash back is worth. … read full answer
So the Capital One Quicksilver rewards program is generally characterized by a combination of simplicity and top-shelf savings potential. There are a few nuances you should be aware of, though.
Here’s what you need to know about Capital One Quicksilver’s rewards:
There’s an initial bonus. Spending $500 within 3 months of account opening gets you an extra $150 bonus cash back.
There’s a Spotify promotion. When you pay for a Spotify Premium subscription with your Capital One Quicksilver card, you can get half of the $9.99 monthly fee back as a statement credit (through April 2018). You don’t have to do anything extra to get this other than pay with your card.
Your cash back doesn’t expire. But you’ll lose it if you close your account or Capital One closes it for you (because you didn’t pay the bill, for example).
You have redemption options. You can choose to schedule redemption of all your rewards at a certain time of year, or after you’ve earned a certain amount. You can manage all of these choices by logging in to your account at CapitalOne.com. You may also redeem your cash back for previous purchases or gift cards. If you don’t choose to set up automatic redemption, you’ll have to request your cash back through your account. You can do this at any time.
You might be able to transfer. If you have another Capital One credit card account, it might be possible to transfer your cash back rewards there. But it depends on which card it is.
Overall, I’d definitely say Capital One Quicksilver is one of the best cash back credit cards. And I definitely recommend setting up automatic rewards redemption if you get it.
You can redeem Capital One rewards by logging into your Capital One credit card account, either on their website or the Capital One mobile app, and clicking on the “View Rewards” button or the rewards total at the top of the page. From there, you’ll see a list of rewards redemption options.… read full answer
The exact options depend on which Capital One credit card you have, but some common things you can do with your rewards include getting gift cards, erasing specific purchases with Capital One’s “purchase eraser,” or redeeming for cash back as a statement credit or paper check. You can also transfer your rewards to another Capital One credit card account.
Capital One Venture and VentureOne miles can be redeemed for travel booking through the Capital One portal, or to “erase” eligible travel purchases made in the past 90 days – from plane tickets to rideshare charges. Capital One calls that the “purchase eraser.” You can also redeem your miles for gift cards, for cash back as a statement credit or a check, or you can transfer your miles to another Capital One account or an outside travel loyalty program.
Capital One Quicksilver and QuicksilverOne rewards can be redeemed as a statement credit or for gift cards. You can also use them to “erase” any purchases made in the past 90 days, or share your rewards with another Capital One account (yours or someone else’s).
Capital One Savor and SavorOne rewards are redeemable as a statement credit, for gift cards, or to “erase” specific purchases made on your card in the past 90 days.
Capital One Journey Student Credit Card rewards can be redeemed for cash back (as a statement credit or a check), gift cards, or credits toward previous purchases.
Capital One gives customers with cash back credit cards – Quicksilver, QuicksilverOne, Savor, SavorOne, and Journey – the option to set up automatic cash back redemptions when their rewards balance reaches a certain amount (with options starting at $25). You can also set up annual rewards redemption.
To set up auto-redemption, go to the Capital One rewards redemption page while you’re logged in, and click on the “Rewards Settings” tab. You can choose to redeem for statement credits or paper checks in the mail.
The Capital One Quicksilver rewards redemption options are cash back in the form of a check or a statement credit, gift cards, and Amazon.com purchases made through Shop With Rewards. Cardholders can also redeem rewards for a charitable donation.
To redeem Capital One Quicksilver rewards, sign in to your online account and click the “View Rewards” button, followed by the “Use My Rewards” button for your desired redemption option. Then, follow the prompts to redeem all or part of your rewards earnings. Paper checks and gift cards typically take 2-3 weeks to arrive by mail. Other redemptions will appear on your statement within 1-2 billing periods.
It’s worth noting that Capital One Quicksilver rewards do not have a minimum redemption amount for cash back. Also, your rewards never expire as long as your account is active and in good standing.
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