No bankruptcies or defaults in the past five years. The Capital One QuickSilver card requires an excellent credit score. If you’ve consistently paid your bills on time, creditors will view you as more trustworthy and... Income & assets vs. existing debt. Quicksilver One from Capital One: Key Terms. You should have good credit before applying for the Capital One Quicksilver Cash Rewards card. In December 2020, six months after closing the secured card, CapitalOne sent me a Pre-Approval E-Mail for a Quicksilver card; I took the bait and was instantly approved for a $3,000 limit. Most people today know Capital One as one … All you need is to have “fair” credit. 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There are no limits or categories you must spend in to qualify for the bonus, nor are there redemption restrictions or time limits on spending it once earned. This 1.5% is likely 50% higher than the rewards rate for other standard no-fee credit cards. If you’re considering the card, you should access the pre-qualifying tool offered by Capital One to see if you have offers pending. No annual fee*. That’s a much lower bar for qualifications than Quicksilver, which is designed as an offering for “excellent” credit on the same scale. “I don’t want people to have a mixed message that while they’re paying off a balance they are getting rewards on additional purchases. Here’s a quick breakdown of the key characteristics of the cards for clarity: Are you considering adding the Quicksilver from Capital One to your wallet? And per CreditCards.com, the average APR for credit card users is 16.14%. This card comes with no annual fee and is aimed at consumers who are classified as “excellent” on Capital One’s credit level scale. The Quicksilver from Capital One credit card offers a flat 1.5% cash back on all purchases with a $0 annual fee. Like all other Capital One rewards cards, it also has no foreign transaction fee which makes it a great option for international spending. What’s more, you get to earn a decent signup bonus and use a long intro APR period on purchases. It also can be considered for use as a balance transfer or 0% APR card, as it has a 15-month interest-free welcome period for both transfers and new purchases. After maybe … If you’re bringing a balance transfer to this card, using the proceeds from your cash back rewards towards the balance is a great way to shorten the amount of time it will take to get rid of that debt. • If the average household spends approximately $2,700 in monthly expenses that can be charged to this card, it would earn $40.50 per month in cash back rewards. The Quicksilver card is, however, still offering the 15 months of 0% APR on new purchases. Best 0% Intro APR Credit Cards: Top Picks for 2021, Best Travel Credit Cards: Top Rewards Picks for 2021, Best Rewards Credit Cards: Top Picks for 2021, Unlimited 1.5% cash back on all purchases, Introductory 0% APR period for new purchases, Introductory 0% APR period for balance transfers, $150 if you spend $500 or more in first 3 months, 0% APR on new purchases and balance transfers for 15 months, Introductory 0% periods are shorter than some other cards in category, Welcome bonus is easily achievable, but not as large as some competing cards, Cash back rewards program does not match the up to 2% possible with Citi Double Cash. Let’s review some of the pros and cons of the card before you make your final decision: Bottom Line: In a crowded market of increasingly specialized credit cards, the Quicksilver from Capital One is a card that focuses on versatility. If you’re looking for a credit card that offers a little bit of everything without the hassle of an annual fee, you may want to consider the Quicksilver® from Capital One®. Benefits: With the Capital One QuicksilverOne Cash Rewards Credit Card, your benefits include emergency card services, fraud coverage and Mastercard identity theft protection. Does the Capital One QuicksilverOne card have an annual fee? Cash back. Unlimited 1.5% cash-back rewards: You can earn 1.5% cash back on all purchases you make, with no cap on how much you can earn. The Quicksilver from Capital One is a great no-annual-fee option for folks who want a simple 1.5% return on their spending and tend to make purchases at a wide variety of merchants. See new cardmember offer details below. • If you’re looking for a credit card that offers a little bit of everything without the hassle of an annual fee, you may want to consider the Quicksilver® from Capital One®. Depending on your credit history, you may to start off with a fairly low limit with both the Platinum and QuicksilverOne, but Capital One will automatically review your account for a credit line increase after you make six on-time monthly payments. Manage your card and other credit accounts responsibly (always pay your bills on time) for the best chance at a higher limit. The process of requesting a credit limit increase with Capital One is quick and easy, and everything can be done completely online. It … Capital One Quicksilver Review: A No-Fuss, No-Gimmicks Cash Card A pioneer in offering unlimited 1.5% cash back on all purchases, this card also gets credit for … Similar to the way it brands the Savor and SavorOne cards, you may have noticed that Capital One offers credit cards named both Quicksilver and QuicksilverOne. Quicksilver card: Capital One Platinum card: $1,000 x 1.5% cash back x 12 months = $180: $0 (no rewards program) The Quicksilver offers a 15-month introductory period of 0% APR on both new purchases and balance transfers. While they may often be confused as the same card, these are actually two offerings with some big differences. It’s right there to call a net gain as soon as it hits the balance of your account. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. For starters, the QuicksilverOne is geared toward users with what Capital One would consider “average” credit. Team Clark has spent time evaluating the credit card market in categories like best options for balance transfers, 0% APR introductory periods and cash back rewards programs. Cloudflare Ray ID: 633d1627bf6bed07 There are cards that offer better cash back perks and cards that offer longer 0% APR periods on balance transfers and new purchases. Annual Fee: $39; APR: 26.99%; How the Quicksilver One Card Works. Fair credit is often defined as having a credit score of 580 or above. Capital One does not charge an annual fee for this card. Depending on the amount of debt you have remaining by the third month of your balance transfer journey, you may want to consider revisiting that stance in an effort to obtain Capital One’s $150 welcome bonus offer for the Quicksilver. To be eligible for the Capital One Quick Cash Reward credit card , you must meet the following requirements: Yes, Capital One may automatically consider you for an increase in credit line after six months. The Quicksilver from Capital One is versatile enough to be an option worth evaluating in all of those categories. Unlike some competing cards, there are no rotating categories or sign ups required to earn a higher level of cash back. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. DIY credit repair is a hassle, & … This is the complete review of the Capital One Quicksilver credit card. If you have paid off or significantly reduced the balance transfer debt, you may have an opportunity to make a large purchase to obtain the bonus (provided you plan to immediately pay it off and not add to your debt, of course). But that’s not all. Both cards do offer unlimited 1.5% cash back on all purchases, but it’s clear that QuicksilverOne is a stripped down version of the Quicksilver card for those with lower credit ratings.