In addition to the sign-up bonus, the Capital One Quicksilver card offers 1.5 - 5% cash back on purchases. The card's annual fee is $0 and you need at least good credit for high chances of approval.
Other than that, the Capital One Quicksilver card has a 0% intro APR on both purchases and balance transfers for the first 15 months. The APR will be 15.24% - 25.24% (V) after that. There’s also a 3% balance transfer fee.
The correct answer to this one is, “It depends”. Why?
There are two separate and distinct Quicksilver cards (and a third QuicksilverOne card); the VISA version of the card (typically with a minimum of a $5,000 credit limit) gets the sign-up bonus as described above, the MasterCard version (with a credit limit between $1,000 and $4,999) does not have any sign up bonus at all.
Capital One Quicksilver rewards are simple: You get 1.5% cash back on every 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 Capital One 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 $200 cash bonus.
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.
The Capital One Quicksilver annual fee is $0 per year. Capital One Quicksilver’s $0 annual fee is lower than the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the Capital One Quicksilver Cash Rewards Credit Card Card, though.… read full answer
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