The Capital One Quicksilver Cash Rewards credit card is one of the consumer favorites when it comes to getting a simple and easy to use credit card with some perks thrown in. Offering unlimited 1. 5% cash back on every purchase, this card guarantees that every spent amount is towards the reward. Quicksilver is a no-annual-fee card that presents rather advantageous to have with the $200 cash bonus on first purchases of $500 within the first three months.
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Also, this card has the feature of zero percent of the introductory APR on purchases as well as balance transfers for the first 15 months of ownership of the card and a variable APR of 19 thereafter. 99% to 29. 99%. This makes it ideal for anyone who would wish to have a say in how he or she spends his/her money while at the same time getting a bonus for every purchase made.
Key information about the Capital One Quicksilver Cash Rewards credit card
The Capital One Quicksilver Cash Rewards credit card is for individuals who do not want complicated stuff when it comes to credit card usage but at the same time want to earn back their money. This card allows for Single Swipes & No Foreign Transaction Fees & No Annual Fee – First Year Free. 5% cash back on all the purchases which does not require the card users to look for categories of purchase to make for them to earn bonuses or to restrict them to use the card at certain amount of money.
How does the annual fee work?
Capital One Quicksilver Cash Rewards credit card has an attached no fee for its users hence making it pocket friendly. This is an important feature since it lets the user have the advantages of the card but avoid an annual fee.
There being no annual fee this is to say that all the privileges are free bear in mind that they only apply if an individual utilizes their accounts appropriately to avoid such other related fee for instance those entailing to the delayed payments.
How is the credit limit determined?
The credit limit for the Quicksilver Cash Rewards credit card is therefore obtained from many aspects which include credit score, credit worthiness, income as well as others. The credit limit for general credit cards varies depending on Capital One’s assessment of your financial rating and the financial ratio that you create at the time of the application.
Credit card benefits
- Unlimited 1.5% cash back: Earn cash back on every purchase, every day.
- $200 cash bonus: Receive a one-time cash bonus after spending $500 within three months from account opening.
- 0% intro APR for 15 months: On purchases and balance transfers, followed by a variable APR of 19.99% to 29.99%.
- No annual fee: Enjoy all the benefits without any annual charge.
- No foreign transaction fees: Make purchases outside the United States without incurring additional fees.
- Capital One travel: Access to great prices on travel bookings with flexible payment options.
Unlimited cash back
It is important to note that there are no limitations on the percent and points for category purchases as well as all other purchases with the Quicksilver Cash Rewards credit card; therefore, it has an unlimited 1%. This also means 5% cash back on all the charges on the credit card. This is different from other credit cards that give higher cash back rewards on such categories of purchases, the quicksilver card gives a flat rate on all purchases made with the credit card.
Disadvantages
- High variable APR: After the 0% introductory period, the APR ranges from 19.99% to 29.99%, which can be high for some users.
- Balance transfer fee: A fee applies for balance transfers, which can reduce the benefit of the 0% introductory APR.
- Limited rewards program: The cash back rate is lower compared to some cards that offer higher rates in specific categories.
High variable APR
The only main adverse of the Quicksilver Cash Rewards credit card is that the APR is variable and is raised after the first year. From this, the rates were found to range from 19. 99% to 29. Even at an interest rate of 99%, having a balance on this card can prove costly.
This makes it all the more necessary to clear one’s balances every time, thereby avoiding costs incurred in interests. If you expect a balance going into the next month, it probably makes more sense to go with a card that has a lower ongoing APR.
Who can apply for this card?
It is necessary to note that Capital One Quicksilver Cash Rewards credit card is issued to applicants meeting some requirements. The requirements for providing an application are that the person should be above 18 years of age and a legal resident of the United States of America. It usually demands a sound credit rating, which certainly reveals standard of credit standing along with the capacity to pay and sober borrowing ratios.
How to apply for the Capital One Quicksilver Cash Rewards credit card
By visiting the Website
To apply for credit card namely the Capital One Quicksilver Cash Rewards credit card, the applicant has to fill an online form starting by going to the Capital one Company website and then selecting credit card as a product. Move the mouse cursor to the Quicksilver card and click on it to expand more information about the product’s features, rewards and the conditions that come with it.
However, the pre-approval utility helps to calculate the probability of approval with minimal harm to credit history. Other services you need to fill up forms with details like name address and Social Security number, and you will be given an on the spot reply.
If you wish to apply, you will find the button saying “Apply now”, just click on it and you will find the application form. When enrolling you will need to fill out the whole name, date of birth, residential address, social security number, annual household income and some employment details.
Most of the time, it is recommended that all information included should be accurate so as to avoid having the pertinent papers rejected or delayed. After you have completed the attached form and gone through it, please forward your application. Feedback on the work is usually given as soon as possible, and often, one can get the answer within minutes.
Once your request has been approved, your new Quicksilver card should reach you in 7-10 business days. Before you can use it, the card is activated; they can be activated on Capital One’s website or a mobile application. After activation, you will be ready to start donating and earning the rewards on every purchase with the particular credit card.
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