5 Mistakes to Avoid With Capital One Quicksilver

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.    

Yes, the Capital One Quicksilver Card has an introductory purchase APR of 0% for 15 months after account opening. Once this intro period expires, any remaining balance on the Capital One Quicksilver Card will be subject to the regular APR of 19.74% - 29.74% (V).

Since the average 0% intro APR for new purchases lasts 12 months, the Capital One Quicksilver Card offer is above average. The Capital One Quicksilver Card also has a 0% intro APR for balance transfers, lasting 15 months. It is accompanied by a balance transfer fee of 3%.

It's important to remember that even though you don't pay interest during 0% APR periods, you still must make timely minimum payments each month. You should also consider paying more than the minimum, since you'll want to pay off the credit card balance before the regular APR kicks in. For help planning your payments, try out WalletHub's Credit Card Calculator.

You can redeem Capital One Quicksilver rewards by signing in to your online account, either on their website or 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.

Here's what you can redeem your Capital One Quicksilver for:

• Redemption options include 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 or toward previous purchases.
• 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.
• Ultimately, 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.

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.

The best Capital One Quicksilver promotion is its welcome bonus of $200 for spending $500 in the first 3 months. However, this is not the only promotion that the Capital One Quicksilver currently offers. 

Here's what the Capital One Quicksilver currently offers: 

• Intro APR. The Capital One Quicksilver card offers promotional APRs of 0% for 15 months on purchases and balance transfers. The card's regular APR is 19.74% - 29.74% (V), based on your credit standing. Note that there is also a balance transfer fee of 3%.
• $0 annual fee. 
• Ongoing rewards: With the Capital One Quicksilver, you can earn 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. 
• $0 foreign transaction fee. You can use the card outside the U.S. and make online purchases from international merchants without having to pay a surcharge on every transaction.

It is worth noting that the Capital One Quicksilver requires at least good credit for approval. So, make sure you know where you stand before applying. You can check your credit score for free, right here on WalletHub.

Capital One Quicksilver is a cash back credit card operating on the Mastercard network. Capital One Quicksilver offers a flat rewards rate of 1.5% cash back on every purchase, a $0 annual fee, and a one-time initial bonus of $200 for spending $500 in the first 3 months. There's also an introductory APR of 0% for 15 months. Once the intro rate expires, the APR jumps to its regular rate of 19.74% - 29.74% (V).

The Capital One Quicksilver Card is a good choice for people with at least good credit (a 700+ credit score) who want simple cash back rewards without having to pay an annual fee. Additionally, Capital One Quicksilver comes with a $0 foreign transaction fee, a standard feature on all Capital One credit cards.

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 best Capital One Quicksilver credit card benefits are travel accident insurance and extended warranty coverage, along with its $0 annual fee and cash back rewards (for Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply). The Capital One Quicksilver card also has identity theft protection and $0 fraud liability, which are more common perks across Capital One credit cards.

Capital One Quicksilver Credit Card Benefits

• Initial bonus: The Capital One Quicksilver card offers $200 for spending $500 in the first 3 months.
• Ongoing rewards: You earn 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases.
• Travel accident insurance: Covers you along with your spouse and any unmarried children up to a certain amount in the event of death and several qualifying permanent injuries. Travel fare(s) must be booked with your Capital One Quicksilver card.
• Baggage Delay Reimbursement: You get reimbursed up to $100 per day, for three days, when your bags are delayed for more than four hours at a destination other than your primary residence.
• Extended warranty: The Capital One Quicksilver extended warranty policy will lengthen the original manufacturer's warranty by up to 2 extra years for warranties of 2 years or less. The maximum coverage amount per item is $10,000 ($50,000 per cardholder).
• Identity theft protection: Capital One offers a free credit monitoring service and identity protection tool called CreditWise. This service will send you email alerts when there's important activity on your credit report like a hard credit inquiry or a new credit card account.
• $0 fraud liability: Capital One Quicksilver provides $0 fraud liability if your card is lost or stolen. That means you're not responsible for any unauthorized purchases made with your card.
• Price protection: With price protection, you can be reimbursed for the difference in the cost of an item, up to $250 per claim, if you see it advertised at a lower price within 120 days from the date that you purchased it with Capital One Quicksilver. You can make a maximum of four claims within a 12-month period.
• Roadside assistance: Capital One Quicksilver roadside assistance gives you 24/7 access to a wide range of services whenever your vehicle breaks down.
• Rental car insurance: Covers you and eligible authorized drivers for physical damage, theft, towing and loss-of-use charges. The rental must be charged to the Capital One Quicksilver card, and the rental period must not exceed 31 consecutive days.
• Concierge services: You can contact the concierge service by calling the number you see in the card benefits guide to ask for help with nearly anything, from travel and purchase assistance to directions and restaurant reservations.
• Virtual card numbers: You can get a Capital One Quicksilver virtual credit card number by adding the Capital One Eno extension to your browser. Once installed, log in to your account and enroll with Capital One Quicksilver. With a virtual card number, you can make online purchases with increased protection against credit card fraud.
• Intro APR: There is an intro APR of 0% for 15 months on both purchases and balance transfers. The card's regular APR is 19.74% - 29.74% (V). There is also a balance transfer fee of 3%.
• Annual fee: The Capital One Quicksilver card's annual fee is $0.
• Foreign transaction fee: The card does not charge foreign transaction fees.

As you can see, the Capital One Quicksilver card is a great all-around credit card with low fees, intro APR offers, and a pretty straightforward rewards structure. With 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases, you don't have to worry about rotating bonus categories, earnings limits or other rewards trickery.

Capital One Quicksilver Rewards

The Capital One Quicksilver credit card is a very good everyday rewards card that's worth adding to your wallet. Keep in mind that you need to have at least good credit to get approved for this card. You can check your credit score for free on WalletHub to see where you stand. Capital One will also review your overall credit history, income, and existing debt load, among other factors.

To learn more about the Capital One Quicksilver credit card, check out WalletHub's full review.