Capital One QuicksilverOne Review

The best Capital One QuicksilverOne credit card benefits are $0 fraud liability and security alerts. These perks are certainly good to have, though it's important to note that they are also relatively common benefits for credit cards.

Capital One QuicksilverOne Credit Card Benefits

• $0 fraud liability
• Security alerts
• Emergency card replacement
• Virtual card numbers
• Rewards of 1.5 - 5% cash back on purchases

While these benefits aren't bad, the Capital One QuicksilverOne credit card simply doesn't have as many benefits as a lot of the other credit cards on the market. To learn more about the Capital One QuicksilverOne credit card, check out WalletHub's full review.

Capital One QuicksilverOne Cash Rewards Credit Card is a Mastercard, not a Visa. You can use your Capital One QuicksilverOne Card at nearly 11 million merchants that accept Mastercard nationwide, and you can use it abroad in more than 200 countries and territories.

There are a few differences between Visa and Mastercard credit cards, such as the network-level benefits they offer, but those differences are relatively small. The two card networks have a lot in common, including extensive worldwide acceptance. As a result, it's more worthwhile to compare individual credit card offers than to focus on getting a card from a particular network.

Yes, you can upgrade your Capital One QuicksilverOne Cash Rewards Credit Card to a better offer as long as you've had the card for at least several months, and you will have the best odds if your credit score and income have gone up since you applied. To see if your Capital One QuicksilverOne card qualifies for an upgrade, call customer service at the phone number on the back of your card. Capital One also periodically sends targeted upgrade offers to existing cardholders on their online account.

Capital One QuicksilverOne Card Upgrade: What You Should Know

• Capital One does not state a specific amount of time the card account must be open before it's eligible for an upgrade, but it's a good idea to wait at least 6 months before requesting an upgrade.
• A history of on-time payments and low credit utilization increases your chances of getting an upgrade.
• Capital One only allows upgrades to cards within the same card family. For example, you cannot upgrade from Capital One QuicksilverOne to a business card or co-branded card.
• If you upgrade to a Capital One card with an annual fee, the charge will appear on the new card's first monthly statement.
• If you're eligible for a refund on your Capital One QuicksilverOne card's annual fee, Capital One will pro-rate the amount of your refund, based on how long it's been since the fee posted to your original account.
• You will not be eligible for any initial bonuses or introductory 0% APR offers associated with the new card, unless they're included as part of the upgrade offer.
• Capital One QuicksilverOne card upgrades do not require a hard inquiry on your credit report, so there's no effect on your credit score.

A Capital One QuicksilverOne card upgrade typically takes just a few minutes. If you are approved, you should receive your card within 7-10 business days from the approval date. Your card number won't change, but you will receive a new card with an updated expiration date and security code.

You can use your old card until the new one arrives, and it will have all the benefits of the new card as soon as the upgrade is complete. Your current credit limit and APR will carry over to the new card, as will any unredeemed rewards, unless stated differently in the upgrade terms.

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. or online through an international merchant. 

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.

Other Capital One QuicksilverOne Features:

The $0 foreign transaction fee is just one of the features that make Capital One QuicksilverOne a worthwhile rewards card. It offers 5% cash back on hotels and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases, and it comes with a $39 annual fee.

In addition,  it is available even to people with limited credit. Capital One QuicksilverOne is on the Mastercard network, which means you'll also benefit from wide-ranging international acceptance, too.

When you compare Capital One Platinum Credit Card vs. Capital One QuicksilverOne for no credit, the main differences are that Capital One QuicksilverOne gives 1.5% cash back on all purchases and has a $39 annual fee. On the other hand, Capital One Platinum does not offer rewards and has a $0 annual fee. Other than that, Capital One QuicksilverOne vs. Capital One Platinum is a draw. Both cards are for people with limited. And both cards charge $0 foreign transaction fees.

Capital One Platinum and Capital One QuicksilverOne are both great starter credit cards. They're designed to help people with limited or no credit experience to build good credit scores inexpensively. Which of the two will be better for you depends on how much you plan to spend. Capital One QuicksilverOne is better if you plan to charge at least $2,600 a year ($216.67 per month) because that's when the rewards will cover the cost of the annual fee. Capital One Platinum is preferable otherwise.

The Capital One QuicksilverOne card offers 5% cash back on hotels and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. In addition, there are no rotating categories or limits to how much you can earn. Plus, the cash back you earn doesn't expire as long as the account is open.

What you should know about the Capital One QuicksilverOne rewards:

• Rewards offered: With this card, you can earn 5% cash back on hotels and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. 
• Expiration: Capital One QuicksilverOne rewards don't expire. But if your account is closed, you will lose any rewards you have not redeemed.
• How to redeem: You can redeem your Capital One QuicksilverOne rewards by signing in to your online account, either online or through the Capital One mobile app. Then, click the “View Rewards” button, and “Use My Rewards” for your desired redemption option. Lastly, follow the prompts to redeem all or part of your rewards earnings.
• Redemption options: You can redeem your rewards for cash back in the form of a check or a statement credit, gift cards, or toward previous purchases. 

Ultimately, it is worth noting that the Capital One QuicksilverOne comes with a $39 annual fee and it accepts applicants with a limited credit history.

The Capital One QuicksilverOne annual fee is $39. This card's annual fee is higher 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 QuicksilverOne Cash Rewards Credit Card Card, either.

Capital One QuicksilverOne Fees

• Annual Fee: $39
• Cash Advance Fee: 3% (min $3)
• Foreign Transaction Fee: $0
• Balance Transfer Fee: $0 at this Transfer APR: 29.74% (V)
• Max Late Fee: $40

Keep in mind that an annual fee is a common charge with rewards cards. This card offers 5% cash back on hotels and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. So, Capital One charges an annual fee for this card to help offset the cost of these perks.

The credit score you need for the Capital One QuicksilverOne card is 640 or higher. The Capital One QuicksilverOne is also available to people with limited, so you may be able to get approved even if you have less than 3 years of credit history.

In addition, you should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for Capital One QuicksilverOne, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.

Since all these criteria are taken into consideration, you might be able to get approved with a slightly lower credit score. But it's best to wait to apply until you meet the Capital One QuicksilverOne credit score requirement. You can check your credit score for free on WalletHub.

The Capital One QuicksilverOne credit limit could be anywhere between $300- $1,000, according to online cardholder reports. But it will depend entirely on the specifics of your credit and your overall financial situation. So, the better your credit is, the higher you can expect your spending limit to be.

Ultimately, if you are unhappy with your credit limit, the issuer periodically reviews accounts for automatic credit limit increases after 6 months of on-time payments. If you'd rather not rely on an automatic increase, you can request one yourself instead.

You can get a Capital One QuicksilverOne credit limit increase by making a request online, through the mobile app or by calling customer service at the number on the back of your card. Alternatively, you may also get a Capital One QuicksilverOne credit limit increase without asking, if your account is in good standing for at least 6 consecutive months. 

Here's how to request a Capital One QuicksilverOne credit limit increase:

1. Log in to your online account or the Capital One mobile app. 
2. Choose the Capital One QuicksilverOne card from the list of account options (if you have more than one Capital One card).
3. Click the "Services" tab.
4. Click the "Request Credit Line Increase" link.
5. Enter your total annual income, employment status, monthly housing payment, and maximum desired credit limit.
6. Confirm the information entered and click "Submit" to complete the request.

To increase your odds of getting approved for a Capital One QuicksilverOne credit limit increase, you should maintain good payment history, increase your annual income, and increase the amount you spend on the card. But if you spend more on the card, make sure it's an amount you can easily pay off at the end of the month. Overspending is a bad habit, especially if you're trying to build credit.

Impact of a Capital One Venture Credit Limit Increase on Your Credit Score

Generally, when you request a Capital One QuicksilverOne credit limit increase, Capital One will conduct a soft pull of your credit report, which does not affect your credit score. However, some Capital One QuicksilverOne credit limit increase requests may involve a hard pull, which will cause a short-term dip in your credit score. Capital One cannot do a hard pull without your permission, though.

Alternatively, you could be eligible for a Capital One QuicksilverOne credit limit increase without even requesting one. The Capital One QuicksilverOne card may offer an automatic credit limit increase if Capital One's regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.