Credit Cards

Capital One Quicksilver Rewards Credit Card Review

Flagship_CardThe Quicksilver credit card from Capital One is a rewards card that offers an unlimited cashback on every purchase. The credit card has no annual fee, so it won’t cost you just to own the card. In order to qualify for the Capital One Quicksilver rewards card, you much have an excellent credit score. The Quicksilver credit card has a credit line starting at $3,000, but your credit line may be higher depending on your credit report.

When you first get approved for the Quicksilver credit card, you can take advantage of the introductory APR rate of 0 percent on purchases and transfers for the first nine months. After the introductory APR, your APR will be between 12.9 percent and 22.9 percent depending on your creditworthiness. You will have to pay 3 percent on all balance transfer amounts. Also, cash advances will be charged $10 or 3 percent, whichever is higher.

If you are late paying your monthly bill, you will be charged a fee of $35 as well as a penalty APR of 29.4 percent on your total balance and on all future purchases that you make with your Quicksilver rewards card. You will also lose the introductory 0 percent APR if you make a late payment during the introductory period, and the rate will increase to the penalty APR. Your account will be reviewed and the penalty APR may be reduced at any time if you keep making your payments on time.

When you use the Capital One Quicksilver credit card, you will receive 1.5 percent cash back on all of your purchases with no exceptions or limits. You will not receive cash back on balance transfers, cash advances, or purchases made with checks from your Capital One credit card. In addition, if you make $500 worth of purchases in the first three months of having the Quicksilver credit card, you will receive a bonus $100 cash back in your account within two billing cycles.

The rewards you earn will never expire as long as your account remains open. If you close your account, you will lose the rewards that you haven’t redeemed. You can cash out your rewards balance at any time in the form of a check, or you can use it as a statement credit to pay off part of your balance. You can also set up your rewards to be redeemed automatically once a year or when you reach a certain amount. Gift cards can also be purchased with the rewards balance.

The Quicksilver rewards credit card from Capital One also comes with additional features that can help save you money and protect your credit. When you travel internationally, you will not have to pay any foreign transaction fees if you use your Quicksilver rewards credit card. You will also be protected if your card is lost or stolen. You can contact Capital One, and they will refund the money for any purchases that you didn’t authorize. They will also give you an emergency card replacement and a cash advance. You will also have access to the Capital One Credit Tracker which allows you to view your credit score at any time for free. You can also use the simulator to see how your purchases and payments can affect your credit score.

The Quicksilver rewards credit card also comes with all of the Visa signature benefits including travel upgrades at resorts, spas, hotels, and more. You will also receive discounts when shopping at certain retailers and access to special events at sporting events, concerts, and golf outings. When you use your Capital One Quicksilver card to make purchases, you will also receive additional warranty on some items at no additional cost.

The Quicksilver card has plenty of benefits and rewards for its cardholders, but you might want to read our credit card reviews and check out other credit cards before you apply.

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