The Capital One Quicksilver Credit Card has no annual fee and offers a flat 1.5% cash back on every purchase you make, plus earn $200 cash bonus once you spend Within three months of account opening, $500 in purchases can be made.  As an added bonus, it offers a 15-month initial 0 percent APR incentive on purchases to provide even more value. Because there is no foreign transaction charge, this is a unique cash-back credit card that is well worth carrying on a vacation overseas to earn rewards.

Pros

If you’re searching for a no-fuss cash-back credit card that pays well, this one is a good option to explore. A flat 1.5 percent cash-back rewards rate is applied to each and every purchase, with no cap on the amount of cash-back rewards that can be earned. While many other rewards credit cards provide additional rewards rates on certain spending categories, several of those cards also offer only 1 percent cash back on all other spending, which is a significant difference. With a standard rate that is in the middle of the pack (there are cards that pay more), this card may prove to be not only easier to use, but also more profitable in the long term.

As a new cardholder, you’ll receive a $200 cash bonus after spending $500 on purchases during the first three months of your account being opened. That’s an effective 40 percent return on the needed expenditures, and it’s doable even for someone with a limited financial resources. You’ll also get access to a zero percent APR on purchases for the first 15 months, after which you’ll be charged a variable APR ranging from 14.99 per cent to 24.99 per cent.

Not only does the card not charge an annual fee, which is popular among cash-back credit cards, but it also does not charge a foreign transaction fee, which is also uncommon among cash-back credit cards. There are other cash-back cards that do not charge this cost on international transactions, but there are more cards in that category that do charge this fee than there are that do not. This card might save you a lot of money if you’re planning a long journey abroad because most foreign transaction fees are around 3%.

Unlike most credit cards, the APR does not escalate to a penalty rate (which is often the highest interest rate charged on the card) once you have been in arrears on payments for 60 days or longer.

What is it Good for?

A good option for consumers who either don’t spend a lot in any one budget area or who want one rewards rate rather than various rates based on the transaction are the Capital One Quicksilver Credit Card.

If you’re searching for a long-term initial 0 percent APR deal on purchases, it’s also a fantastic alternative to consider.

The card’s lack of an annual charge is particularly tempting to consumers who are normally wary of paying fees and don’t want to be concerned about earning enough points to justify a yearly fee in the first place. Just be sure to compare it to other no-annual-fee credit cards to make sure you’re getting the best deal possible on your card.

Finally, because the card does not charge a foreign transaction fee, it is a good option if you want a cash-back credit card that you can use while travelling. Other credit cards carry fees of up to three percent, which may not seem like much, but may mount up to a shockingly large sum over the course of a lengthy foreign trip.

Offer on the Capital One Quicksilver Credit Card One-time

After spending $500 on purchases within three months of creating your account, you will get a $200 cash incentive. In other words, you would only need to spend an average of $167 each month for the first three months that you hold the card in order to qualify for the bonus. Even if you’re not a large spender, that’s a reasonable rate of purchases to maintain.

Rewards Earning Details

Customers who use the card get a flat 1.5 percent cash back on every transaction, with no limit to how much money they may earn. While this eliminates the need to focus certain spending habits in order to earn more rewards on specific purchases, it also eliminates the necessity to promote particular spending habits in order to earn more awards on certain purchases. However, on the other hand, it implies that you will have no potential to earn more than 1.5 percent in rewards in areas where you spend a lot of money.

Rewards Redemption Details

When it comes to redeeming your points, you have three options: a paper check, a statement credit (either general or customised to a specific transaction), or gift cards. Due to the fact that your awards do not expire while your account is active, you do not need to be concerned about letting them to accrue. Having said that, there is no minimum redemption amount, allowing you to obtain your cash back at any time you like without restriction.

How to Maximize Your Rewards?

In light of the fact that the Capital One Quicksilver does not provide any extra rewards rates, the most effective strategy for maximising your benefits is to utilise the card at every opportunity.

However, because the flat rate on this card is smaller than the cash back % on some other cards, be cautious if a merchant charges an additional fee for using a credit card, as some petrol stations do, as this might result in a loss of cash back. You may wish to pay with cash or debit if the credit card price exceeds the cash price by more than 1.5 percent of your rewards amount. Alternatively, you may want to use another credit card that rewards you as least as much as the price difference, if you have one. As a result, choosing to pay with this card will not result in a financial loss for you.

When it comes to redeeming incentives, you might also want to think about purchasing a gift card and checking the redemption rates for them on the internet. Amazon and PayPal are among the companies that have partnered with us. Even though Capital One’s gift card rewards are a wonderful perk, the company’s website does not provide any particular information on the companies with whom it has partnered. For further information, you will need to speak with a customer service representative.

Standard Benefits

• Travel accident insurance
• Travel assistance services
• Protection for the warranty period has been extended.
• Premier culinary experiences as well as access to music and athletic events are all available to members.
• Cardholder Experience

In the J.D. Power 2021 U.S. Credit Card Satisfaction Study, Capital One was placed third out of 11 national card issuers and had a score that was above average.

Card issuer CreditWise gives free access to your VantageScore credit score through its CreditWise function, however that platform is available whether or not you have a card with the issuing financial institution. In addition to Visa and MasterCard, several other credit card issuers offer free access to your FICO credit score, which is the number utilised by the vast majority of large lenders.

If you have a query, you may get in touch with Capital One’s customer support representatives. However, in contrast to practically all other card issuers, access is only available via phone or physical mail; there is no option for email or online chat communication. The Capital One mobile app, which was placed third out of ten in the J.D. Power and Associates 2021 United States Credit Card Mobile App Satisfaction Study, allows you to manage your account on the go.

Security Features

It is worth noting that Capital One provides a few of security elements that are not conventional in the market. While virtually all card issuers now enable you to temporarily disable your card if it is missing, Capital One is one of a small number of issuers that allows you to do so using a mobile app, according to the company. In addition, if you’re concerned about using your credit card number online, Capital One allows you to establish a virtual number that is attached to your account and protects your credit card information number.

Create virtual card numbers for any website you visit, then lock and unlock numbers as often as you choose.