The Capital One Quicksilver Secured does not have purchase protection anymore, since the benefit was removed as part of an industry-wide shift away from traditional secondary perks on credit card offers. This is pretty common, unfortunately, as only around half of the major credit card issuers still offer purchase protection on at least one of their credit cards.
Although the Capital One Quicksilver Secured card doesn't have purchase protection, applying could still make a lot of sense in the right situation. The Capital One Quicksilver Secured card has zero liability protection and offers 1.5% cash back on all purchases. It also has an annual fee of $0. All in all, the Capital One Quicksilver Secured is a good card for people who need to build or rebuild credit.
Capital One purchase protection covers things you purchase entirely with your Capital One card from theft or damage for the first 90 days after the purchase. They will replace, repair or reimburse you up to the original purchase price. The maximum amount per claim/cardholder depends on the type of credit card and its network.… read full answer
Types of Cards with Purchase Protection
Capital One’s purchase protection benefits depend on the tier of your Capital One Mastercard or Visa. For example, Capital One’s Visa Signature, Visa Professional, and Visa Business credit cards have this benefit. On the Mastercard side, Capital One’s World, World Elite, World Elite Business, and Business Platinum Mastercards offer purchase protection. The tiers without purchase protection include Visa Platinum and Platinum Mastercard. The tier you get generally depends on your creditworthiness at the time you apply for a card.
To see which kind of Capital One card you have, flip the card over. You’ll see the Visa or Mastercard logo, and “Signature,” “Platinum,” “Business,” etc., will be written above or below the logo. But keep in mind that just because you have one of those cards doesn’t mean your card has the purchase protection benefit, though.
Here is more info about the Capital One purchase protection coverage:
What is covered: Some examples of what’s covered by Capital One’s purchase protection include items purchased with your Capital One card that are stolen, damaged by fire or vandalism, or affected by “certain weather conditions.”
What is not covered: The list of what’s not covered is extensive and specific: perishables, software, plants and animals, collectibles, used items, items stolen from vehicles or common carriers or checked luggage, and “lost” items that have disappeared without evidence of a wrongful act, among other things.
Coverage amount: The maximum amount that you will get depends on the tier of your Capital One Mastercard or Visa. But it can vary between $500 to $10,000 per claim.
It’s important to note that many credit card benefits, like purchase protection, have been getting cut from benefits packages in recent years. The information above is correct right now, but could quickly change. If you plan on getting one of these credit cards, refer to the benefits booklet that comes with your new card for the most accurate information. You can also look up your card’s benefits on the Capital One website.
The benefits of Capital One credit cards include several types of travel insurance, cell phone protection, and price protection. These benefits are mostly found on the top-tier Capital One credit cards, though many more Capital One credit cards have rental car insurance and emergency card replacement. To know which perks are included on a specific card, you’ll need to call customer service at the number on the back of your card or check the Capital One website.… read full answer
Capital One Credit Card Benefits
Cell phone protection
Rental car insurance
Emergency card replacement
Lost luggage reimbursement
Travel & Emergency assistance
Travel accident insurance
Identity theft protection
In addition to having some or all of these card perks, it’s important to remember that many Capital One credit cards also give rewards. Rewards aren’t generally considered card benefits, but having a credit card that earns great rewards can be a big asset to cardholders. As long as you use your card responsibly and maximize the various benefits that Capital One offers, you should come out well ahead of any annual fees that Capital One cards may charge.
There is no general starting credit limit for Capital One credit cards. Your credit limit will be based on your creditworthiness once your application has been approved.
When determining credit limits, factors such as your debt-to-income ratio, repayment history and the length of your credit history will play a significant role. Unfortunately, there's no surefire way of knowing your credit limit before applying and getting approved for a Capital One credit card.… read full answer
How to get a higher Capital One credit card credit limit:
If you're not happy with the limit you have received, you can apply for an increase online once you've made payments on time for several months. Capital One uses soft pulls for these credit inquiries, so requesting a credit limit increase won't affect your credit score.
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