Quicksilver Capital One Reviews In 2020

Capital One® Quicksilver® Cash Rewards Credit Card set the norm for all the cash-back credit cards with an amazingly straightforward offer that is on each purchases, you will get 1.5% cashback per day. Go ahead to know more details about Quicksilver Capital One Reviews.

Independently, to recommend the card the sheer simplicity of the rewards is sufficient. You will get amazing cashback rates without remembering any kind of bonus categories or spending limits to keep an eye on. Rather than this the Capital One® Quicksilver® Cash Rewards Credit Card goes much further by offering low charges, easy rewards redemption, a strong sign-up reward, and  0% introductory APR period. 

Capital One® Quicksilver® Cash Rewards Credit Card Reviews

Following are the details about Quicksilver Capital One Reviews.

ANNUAL FEE

There is no Annual Fee.

CARD TYPE

This is a Cashback card

REGULAR APR

After 15 months the variable APR is 15.49% – 25.49%, a 3% fee applies to the amounts, which is transferred in the last 15 months. 

BALANCE TRANSFER FEE

3% is the balance transfer fee

FOREIGN TRANSACTION FEES

There is no Foreign Transaction Fees

INTRO APR

For 15 months the Intro APR is 0%.

CASHBACK

On every purchase, you will get an unlimited 1.5% cashback.

RECOMMENDED CREDIT SCORE

690-850 credit score is recommended.

Quick Facts

  • After spending $500 on purchases you will get a $150 cash bonus from account opening within 3 months
  • Each day, on every purchase you will get unlimited 1.5% cashback
  • To earn cash rewards you will not need any sign-ups or rotating categories. In addition to this, there is no expiry on the cashback till the life of the account and no limit on earning
  • The introductory APR is 0% for 15 months on purchases; after that, the variable APR is 15.49%-25.49%
  • There is no annual or foreign transaction fee
Pros Cons
The rewards rate is High and there is no minimum redemption.The 0% period of other cards is longer than this card.
There is no annual fee or foreign transaction fee.There is No bonus rewards categories.
The Intro APR period is 0% on Purchases.You will need a good / excellent credit score.
There is a Sign-up reward.

Compare to Other Cards

Capital One® Quicksilver® Cash Rewards Credit CardBlue Cash Preferred® Card from American ExpressDiscover it® Cash Back
There is no Annual FeeThe Annual Fee is $95No Annual Fee
REGULAR APR After 15 months, the variable APR is 15.49% – 25.49%REGULAR APR The variable APR is 13.99% – 23.99% REGULAR APR The variable APR is 11.99% – 22.99%
INTRO APR For 15 months the Intro APR is 0% on purchasesINTRO APRFor 12 months the Intro APR is 0% on purchasesINTRO APR For 14 months the Intro APR is 0% on purchases and Balance transfer
RECOMMENDED CREDIT SCORE
690-850 credit score is recommended.
RECOMMENDED CREDIT SCORE
690-850 credit score is recommended.
RECOMMENDED CREDIT SCORE
690-850 credit score is recommended.
Apply now by using the linkApply now by using the linkApply now by using the link

Where the Capital One® Quicksilver® Cash Rewards Credit Card shines

SIMPLE REWARDS EARNING AND REDEMPTION

Individuals who esteem effortlessness will welcome the direct rewards on the Capital One® Quicksilver® Cash Rewards Credit Card. Furthermore, on the rewards earning side the usability is not applicable. There is no minimum redemption amount on the card. Before you cash out most of the competitors expect you to accumulate minimum amount of $25 in rewards, with Capital One® Quicksilver® Cash Rewards Credit Card you can redeem any amount whenever you want. Go ahead if you want to redeem $1.89 worth of rewards.

CASH SIGN-UP BONUS

The most satisfying thing to earn cash is to earn it without any effort. The sign-up bonus offered by Capital One® Quicksilver® Cash Rewards Credit Card is solid and you can earn it easily without any kind of pressure to overspend.

LOW FEES

For the people looking for the minimum fee, The Capital One® Quicksilver® Cash Rewards Credit Card is one of the most suitable options. There is no foreign transaction fee that is why the annual fee is 0$. While traveling internationally, this card will suits you the most to take it along with you, as it is a cashback card. The balance transfer fee is 3%, which is also very low comparatively. However, if you are not satisfied with the balance transfer fee and want to apply for a new card then there are better options for you as well with no transfer fee.

GREAT 0% APR PERIOD

We usually don’t suggest this card more often because of the transfer fee for balance transfers. However, if you have a big purchase in a queue then it will be a great option for you, as it will take a few months to pay off. For the first 15 months, the introductory APR charged on purchases is 0%, after that period the Variable APR is 15.49% – 25.49%.

REASONABLE QUALIFICATION REQUIREMENTS

This card is designed for people with a good credit score, which we had mentioned above 690-850. Although this is not the only card with decent rewards presented to the people having a good credit score, at least you don’t need to have a credit score of 800 or more to be eligible for a decent rewards card with a minimum fee.

Why you might want a Different Card

The Capital One® Quicksilver® Cash Rewards Credit Card has a ton making it work, however, it isn’t the best fit for everybody.

YOU CAN GET A HIGHER FLAT RATE

2% cashback by using Citi® Double Cash Card – 18 month BT on purchases__ You will get 1% cashback when you make them, and the other 1% you will get after paying them off. I hope that you will find it better other than 1.5% on the Capital One card. There is no sign-up bonus with a Citi card. With the Citi® Double Cash Card – 18-month BT offer you would have to spend $30,000 for getting your bonus amount in your account before your total rewards exceed them on the Capital One® Quicksilver® Cash Rewards Credit Card. After reaching the given milestone, you will be able to get all the rewards.

The Rewards rates of Citi® Double Cash Card – 18 months BT offer are as follow:

  • On purchases, there is no 0% APR period.
  • The foreign transaction fee is 3%.
  • You need to collect at least $25 in rewards to redeem your cash back reward

Go for the Capital One® Quicksilver® Cash Rewards Credit Card if any of the mentioned features is a dealbreaker for you.

YOU CAN GET BONUS REWARDS ON GAS AND GROCERIES

With various spending habits, Flat-rate rewards are ideal for customers. People who spend a wide amount of their budget on gas and groceries should consider a card that specifically rewards these types of transactions. Go for the Blue Cash Everyday® Card from American Express with no annual fee. At U.S. supermarkets, it offers 3% cashback, on spending up to $6,000 every year. At U.S. gas stations and on select U.S. department stores you will get 2% cashback and other 1% on every single other buy. (Terms and conditions may apply)

For new cardholders, these cards likewise include bonus offers and introductory APR periods of 0%.

STRATEGIC SPENDING CAN EARN YOU 5%

If you are comfortable in logging in your account after every span to select the bonus reward categories,  you might need to look at one of the 5% mastercards — the chase freedom® or the discover it® cash back. 

In categories both of these cards earn a cashback of 5% that after every three months changes; After every change you have to select the category. On spending up to $1,00 per quarter the 5% cash back is good offer. The 1% cashback on all the other spending’s.

The Capital One® Quicksilver® Cash Rewards Credit Card versus the Chase Freedom Unlimited® 

Presumably, the Chase Freedom Unlimited® is most popular adversary to the Capital One® Quicksilver® Cash Rewards Credit Card in the 1.5% cash-back game. The cards have indistinguishable rewards rates, both permit you to recover cash back in any amount, and both of them have an identical 0% APR periods, as well.

Three Noteworthy Differences:

The larger cash bonus is offered by The Chase Freedom Unlimited®: In your first 3 months, you will get a bonus of $200 after spending $200 on purchases from account opening. Moreover, in the first year on spending up to $12,000 on grocery store purchases, new cardholders will earn a cashback of 5% excluding Walmart or Target purchases. 

3% foreign transaction fee is charged for The Chase Freedom Unlimited®. The Capital One® Quicksilver® Cash Rewards Credit Card is the more savvy decision if during international travel you expect to do a ton of spending.

When you redeem, the cashback on the Chase Freedom Unlimited® will give you more flexibility.

Would it be a good idea for me to get the Capital One® Quicksilver® Cash Rewards Credit Card?

The Capital One® Quicksilver® Cash Rewards Credit Card isn’t extravagant. That is a component, not a disadvantage. In the market, It doesn’t repay the highest cashback rate, however, hardly any cards offer an as convincing division of rewards rate, 0% APR period, redemption simplicity, sign-up bonus, and low fees.