Capital One Quicksilver Review

Capital One credit cards are available to people of all credit levels, from bad to excellent, and most offer low fees, high rewards rates or both. The best Capital One cards also rank among the best credit card offers overall. You can learn more about the latest offers below, and if you have questions about an existing account with Capital One (a WalletHub partner), you can call Capital One credit card customer service at 1-800-227-4825.

Best Capital One Credit Cards

Although you need good credit or better to get the best Capital One credit cards, you’re not out of luck if your score is lower. Capital One is one of the only major credit card companies with cards for people of all credit levels, so you should be able to find a Capital One credit card that meets your needs, no matter what they may be.

Below, you can compare Capital One credit card offers to find the right card for your situation.

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The Capital One Quicksilver foreign transaction fee is $0. so, there are $0 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: Capital One Quicksilver (for good credit or better) and Capital One QuicksilverOne Cash Rewards Credit Card (for limited). Actually, no Capital One 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 Capital One Venture Rewards Credit Card. It has an initial bonus of up to 75,000 miles and gives 2 miles / $1 on all purchases.

To upgrade from Quicksilver One to Quicksilver, you can accept Capital One's online, mail, or e-mail offer. Cardholders who are eligible for an upgrade will be notified through an "Upgrade Now" banner online or by mail. If you haven't received a notification, you can always contact customer service at 1 (800) 227-4825 and ask if you're eligible for an upgrade. There's no credit check associated with a request to upgrade. If Capital One determines you are eligible and you agree to the upgrade, there will be a hard inquiry on your credit report. This will temporarily lower your credit score by a few points.

To accept an online offer, log in to your account and click the "Upgrade Now" banner. A "Finalize Upgrade" window will appear. Review the upgrade terms, check the box stating you agree to them and select "Upgrade Card." For other offers, follow the instructions in either the letter or e-mail that you received. Unless stated otherwise in the offer, your card number, APR and credit limit will stay the same. You can still use your old card until the new card arrives in 7 to 10 business days.

Yes, the Capital One Quicksilver Card does help build credit, as Capital One reports account information to the major credit bureaus each month. If the card reports positive information to credit bureaus, like on-time payments and low credit utilization, it is an excellent choice for consumer to build a better credit score.

That said, be aware that Capital One Quicksilver requires applicants to have at least good credit for approval. But you could add an authorized user with no credit or bad credit to the account, and they could build credit from the bottom.

How to Build Credit with the Capital One Quicksilver Card

Assuming you qualify for the Capital One Quicksilver Card, there are several key things that you should do with it if you want to build credit as quickly as possible:

• Always pay your bill on time.
• Pay more than the monthly minimum to avoid building up a lot of debt.
• Use less than 30% of your available credit.
• Make at least one purchase per month.

If you don't qualify for the Capital One Quicksilver Card, you may want to consider the Capital One QuicksilverOne Cash Rewards Credit Card instead. This card is available to people with limited credit and it has a $39 annual fee. It can help you build a solid credit history from scratch, too, assuming you use it responsibly.

Ultimately, you can also check our editors' latest picks for the best credit cards to build credit to weigh your options.

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 easiest way you can reach the Capital One Quicksilver customer service is either online or through the issuer's mobile app. Alternatively, you can contact them over the phone at (800) 227-4825 or via mail.

To contact them online, either log in to your account at Capitalone.com or to the Capital One app. If you prefer to call, just dial (800) 227-4825 and you will be able to talk to a representative. If you choose to contact them by mail, the address is:

Capital One
Attn: General Correspondence
P.O. Box 30285
Salt Lake City, UT 84130-0287

Reaching the Capital One Quicksilver customer service via mail will take the longest. Still, if you choose to do it, you should include your card number in your inquiry, for faster processing.

The Capital One Quicksilver annual fee is $0. The combination of no annual fee and great cash back rewards on all purchases really helps the Capital One Quicksilver Card stand out from its competition. It's not the only fee you need to worry about with the Capital One Quicksilver Cash Rewards Credit Card Card, though.

Capital One Quicksilver Fees

• Annual Fee: $0
• Cash Advance Fee: 3% (min $3)
• Foreign Fee: $0
• Balance Transfer Fee: 3%
• Max Late Fee: $40

An annual fee is a charge common with high-tier rewards cards. Issuers apply the fee to a cardholder's account once a year to help offset the cost of those perks. But Capital One Quicksilver still has a $0 annual fee despite its above-average earning rate. This card offers at least 1.5% on purchases. 

The Capital One Quicksilver credit score requirement is 700+, which means you need good to excellent credit to get this card. Capital One also considers applicants' income and debt when making Capital One Quicksilver card approval decisions. You can see if you pre-qualify for this card on Capital One's dedicated webpage.

With a $0 annual fee, unlimited 1.5 - 5% cash back on every purchase and a $200 signup bonus, Capital One Quicksilver is a great rewards card.

What to do if you don't meet the Capital One Quicksilver credit score requirement:

If you don't meet Capital One Quicksilver's credit score requirements, the Capital One QuicksilverOne Cash Rewards Credit Card is easier to get. This card has the same 1.5 - 5% cash back rate as Capital One Quicksilver, but with no signup bonus and a $39 annual fee. Applicants with limited have a shot at approval, though. And if you get the Capital One QuicksilverOne, you could upgrade to the Capital One Quicksilver once your score is higher.    

It's fairly hard to get the Capital One Quicksilver Cash Rewards Credit Card because it requires good to excellent credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it may be difficult for you to get approved for the Capital One Quicksilver.

In order to get the Capital One Quicksilver, you will have to meet the credit score requirement, have a steady income and be at least 18 years old. You'll also need to have an SSN.

Keep in mind that even if you meet all of the requirements for the Capital One Quicksilver, you're never guaranteed to be approved.

The Capital One Quicksilver credit limit depends on your income, creditworthiness and payment history. According to anecdotal reports, the card's credit limit can be as low as $750 and as high as $10,000. However, Capital One does not list a minimum or maximum credit limit in the card's terms and conditions.

If you want to aim for a higher credit limit, there are a number of areas you should focus on improving.

Biggest Factors Affecting Capital One Quicksilver Credit Limits

• Your payment history. If you've consistently paid your bills on time, creditors will view you as more trustworthy and will be more likely to extend you higher credit lines.
• Income and assets vs. existing debt. The more money you have available for bill payments, the more comfortable a lender will feel.
• Rent or mortgage payments. If these payments take up too much of your monthly income, you'll have less to spend on credit card bills.

You need at least good credit to get approved. The better your credit is, the higher you can expect your spending limit to be.