Capital One Quicksilver Cash Rewards Credit Card
The Capital One Rewards Mastercard allows frequent shoppers to stock up on reward points from purchases made at the retail giant.
Card Summary
Capital One Quicksilver Rewards Credit Card offers a straightforward cash-back credit card with a high potential for earning a lot of rewards. You will receive 1.5% cashback on all purchases and a $200 bonus if you spend $500 within the first 3 months of account opening.
You also get a 15% introductory 0% annual percent rate for purchases and balance transfer. The APR increases to 14.99%-24.99% depending on the Variable.
This card has one reward rate. It's a good choice for those who don’t mind tracking bonus categories or finding ways to earn more rewards. The card's introductory rate of 0% is a good one, but cardholders might be better off comparing it to other cards with longer promotions.
The card provides security alarms, $0 fraud liability, and card lock for consumer protection. Capital One's digital assistant Eno generates virtual cards numbers that conceal card information when you shop online and will alert you if there are any errors in your statements, including duplicate or unexpected charges.
Review of Capital One Quicksilver cash rewards credit card:
The card may be suitable for those who don't mind paying a fee and want to either earn flat-rate rewards or get a low introductory rate on balance transfers and purchases. This card might not suit those who want to earn bonus points by maximizing rewards.
The pros:
You earn high rewards for every purchase that you make.
This bonus is a great introductory offer.
Purchases come with an initial 0% APR.
There are no foreign or annual transaction fees.
Protection under an extended warranty.
If you have a problem with your credit card, we offer 24-hour travel assistance services.
Card Summary - Cons
Offers no bonus points on purchases.
Other cash-back credit cards may offer higher sign up bonuses.
Potentially high APR.
It's great for:
For those who want a more simple reward program. Customers who are looking for a 0% promotional APR on balance transfers and purchases.
For cardholders who wish to reduce annual and foreign transaction costs.
This is not the place for:
For credit card users who are looking to maximise their reward, there are many options.
Large spenders may qualify for higher sign-up bonuses.
Customers who may have a balance left over after the promotional period at 0% APR.
Rates and fees
Highlights
You will receive a $200 bonus cash when you purchase $500 within the first 3 months of your account opening.
Unlimited 1.5% Cash Back on every purchase, every day.
Cash rewards are earned in cash.
There is no need to sign up for any rotating categories.
15% intro APR for purchases and balance transfer; thereafter, 14.99%-24.99% variable.
No foreign transaction fee, $0 annual charge.
Comparative Analysis with Other Cards
Capital One Venture Rewards Credit Card vs. Capital One Quicksilver Cash Rewards Credit Card
Annual Fee: Capital One Quicksilver Rewards Credit Card does not have an annual fee. Capital One Venture Rewards Credit Card, however, has a $60,000 annual fee.
Reward: Every purchase of the Capital One Quicksilver cash rewards credit card earns you a flat 1.5% cashback Capital One Venture Rewards Credit Card earns 2 miles for every dollar, with the exception of hotels or car rentals that are booked through Capital One Travel. These earn 5 miles per $1.
It is important to decide which card you should eCapitol One Quicksilver Cash Reward Credit Card Holders can receive a $200 bonus cash when they open an account. This bonus is available after you spend $500 in the first three months. Capital One Venture Rewards Credit Card customers can get 60,000 bonus points if they spend $3,000 within three months of account opening. This is equivalent to $600 for travel.
The cards have the following benefits: They offer travel insurance for travel accidents, 24 hour travel assistance, $0 fraud liability, and free access to Eno (the Capital One digital assistant). The Capital One Quicksilver Cash Reward Credit Card provides concierge services.
Additionally, the Capital One Venture Rewards Credit Card gives you an option to waive any auto-rental collision damage.
Capital One Quicksilver Cash Rewards Credit Card vs. Capital One Quicksilver One Cash Rewards Credit Card
Annual fee: Capital One Quicksilver Cash Reward Credit Card does not have an annual fee. Annual fee for the Capital One Quicksilver One cash rewards credit card.
Reward: Each card earns an uncapped 1.5% cashback on all purchases Capital One Quicksilver Cash Reward Credit Card Holders can receive a $200 bonus cash after they spend $500 in the first three months.
Capital One Quicksilver One cash rewards credit card does not offer a sign up bonus. The cards come with $0 in fraud liability and no foreign transaction fees. They also offer access to Eno the Capital One digital assistant.
The Capital One Quicksilver cash rewards credit card is for people with good credit. It also includes extended warranty coverage, travel insurance, and complimentary concierge services. Cardholders with good credit can apply for the Capital One Quicksilver One cash rewards credit card. This credit card is available for up to six months.
Capital One Cash Rewards Credit card:
How to Get Rewards?
Capital One Quicksilver cash rewards credit card offers a 1.5% flat rate of cash back on all purchases. There's no need to keep track of the different reward rates and bonus categories. And there is no annual fee. You should keep in mind that interest fees can make it more difficult to get value from your card.
What Can You Make?
The amount of cash you receive will vary depending on the number of transactions you make with your card. After you have spent $500 within three months of account opening, you will receive a $200 bonus cash. This bonus is available to smaller spenders, as well as those with other cashback credit cards. To qualify, you will need to spend approximately $167 each month.
Capital One Cash Rewards Credit card:
How do I redeem rewards?
Cashback can be redeemed for any amount, at any time. As long as your account remains active.
You have several options for redeeming your cash back: check, gift cards and statement credits. You can schedule automatic redemptions if you do not want to manually redeem the cash. Exclusive access for cardholders to concerts, culinary and sporting events.
What is the Capital One Cash Rewards Credit Card APR?
For 15 months, the Capital One Quicksilver cash rewards credit card offers a 0% introductory APR for purchases and balance transfer. After that time, it jumps up to 14.99%-24.99% (variable). Cardholders can use the initial promotional offer to reduce their credit card balance or pay off a large-ticket purchase interest-free.
U.S. News found that the APR of the card after the promotional period is over average for cash-back credit cards.
Conclusion
Do you need the Capital One Cash Rewards Credit card?
If you are:
You want a straightforward cash-back rewards program.
Avoid paying an annual fee.
You need a lengthy introductory promotion at 0% APR.
You are planning to travel abroad, and don't want any foreign transaction fees.
Note: Credit Card summary is for informational purposes only and is not an endorsement of the product. Products and services described are offered by third parties and not Bright Money or its partner banks. Bright Money strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider, or specific product’s site and the information has not been reviewed or provided by the issuer of the product before publication.
