The Capital One Quicksilver card has no yearly fee. It also offers a flat 1.5 percent cash back on all purchases. Not to mention a $150 cash bonus after just $500 in spending for new cards. To add to the value, it offers a 15-month initial 0% APR incentive on purchases. This is a rare cashback credit card that’s worth bringing on a trip abroad. This is because it doesn’t charge a foreign transaction fee.
Capital One Quicksilver
This credit card is a good option for consumers who don’t spend a lot of money in one area and prefer a single rewards rate rather than numerous rates based on the purchase. It’s also excellent if you want to take advantage of an extended introductory 0% APR offer on purchases. Also, the card’s lack of an annual fee appeals to those who are fee-averse and don’t want to worry about earning enough points to justify a yearly cost. Just make sure to compare it to other no-annual-fee credit cards to make sure you get the best deal.
Finally, if you want a cashback credit card to use overseas but don’t want to pay a foreign transaction charge, consider acquiring this card. Other credit cards carry fees of up to 3%, which may not seem like much. But these fees can accumulate to a significant amount over the course of an international trip. So, if you feel that this is the card for you, you should definitely go ahead and get it.
Benefits of Capital One Quicksilver
After spending $500 in the first three months, you’ll get a one-time $150 cash incentive. To put it another way, you’d only need to spend an average of $167 a month for the first three months to qualify for the bonus. So even if you don’t use your credit card much, you can keep up with that pace. Every purchase earns cardholders a flat 1.5 percent cash back, with no restrictions on how those funds can be used. This removes the need to prioritize specific spending patterns in order to receive more rewards on particular purchases. But, on the other hand, this implies you won’t be able to earn more than 1.5 percent in rewards in categories where you spend a lot of money.
When it comes to redeeming, you have three options. You can claim a paper check, a statement credit (general or against a specific purchase), or gift cards. You don’t have to worry about your awards expiring as long as your account is open. So you don’t have to worry about earned rewards piling up. However, you can get your cashback whenever you choose because there is no minimum redemption amount. This is a very crucial feature of the Capital One Quicksilver credit card.
Capital One provides a few security elements that aren’t industry standard. Almost every issuer allows you to freeze and lock your credit card if it is lost or stolen temporarily. But Capital One is one of the few that does it through a mobile app. If you’re worried about using your card number online, Capital One lets you create a virtual number linked to your account. This protects your card information. You can also generate a virtual card number for each website you visit. You may lock and unlock this at any time.
How to use Capital One Quicksilver the right way
Capital One Quicksilver offers no extra rewards rates. So, the best way to maximize your benefits is to use the card whenever possible. However, the flat rate on this card is smaller than the cashback percentage on some other credit cards. Hence, be wary if a merchant charges a fee for using a credit card, as some gas stations do. In addition, if the credit card price is higher than your rewards amount of 1.5 percent, you may wish to pay cash or debit—or, if you have one, use another credit card that rewards the price difference. As a result, paying with this card will not result in a loss of money.
When it comes to redeeming points, you might want to think about purchasing a gift card and checking the redemption rates online. Amazon, Gap, and Macy’s are among the partners. According to Capital One, partners occasionally provide incentives that allow you to receive a card that is worth a bit more than you spend or offers extras like discounts on purchases. Thus, it is evident where there is a massive demand for this credit card.
For consumers who value simplicity in their financial lives, the Capital One Quicksilver Credit Card is ideal. The card’s flat rewards rate makes it simple to keep track of how much money you’re earning each time you use it. In addition, because there is no annual fee, the incentives you make are pure gains, with no offsetting cost, as long as you pay off your balance in full every month and avoid incurring interest charges.
If you’re searching for some interest savings, the card’s introductory 0% APR on purchases is an excellent alternative. If this is a necessary feature for you, however, you should search elsewhere. A few other credit cards (you can read our reviews for other credit cards here) offer a longer 0% APR on purchases than the 15 months provided by the Capital One Quicksilver card.
Some of those credit cards might even have additional features that appeal to you more than those on this card. For example, while this credit card’s one-time offer is simple to get and represents a good return on necessary spending, the offers for other cards provide a higher overall reward, albeit with a higher necessary spending minimum.