The Capital One Quicksilver Cash Rewards Credit Card is a popular credit card option for those who want to earn cash back on their purchases. This card offers an impressive 1.5% cash back rate and no annual fee, making it an appealing choice for consumers looking to maximize their rewards. In addition, the generous sign-up bonus of $150 with $500 in spending within three months adds another valuable benefit to this product. This review will provide an overview of the features of the Capital One Quicksilver Cash Rewards Credit Card and assess its value from both a consumer and financial standpoint.
This review will discuss the advantages of using the Capital One Quicksilver Cash Rewards Credit Card, such as its competitive flat reward structure that allows users to quickly accumulate points or miles with no limits; its easy redemption process; and its generous sign-up bonus offer. Additionally, this article will cover drawbacks associated with this product, including potential fees, penalty APRs and foreign transaction costs that can offset any savings gained through rewards accumulation. Finally, recommendations based on individual needs and preferences will be discussed to help readers decide if the Capital One Quicksilver Cash Rewards Credit Card is right for them.
Overall, by analyzing key features offered by the Capital One Quicksilver Cash Rewards Credit Card, this review aims to provide comprehensive insight into one of today’s most popular cashback cards so readers can make informed decisions about their finances.
Overview
The Capital One Quicksilver Cash Rewards Credit Card is a cash back rewards credit card issued by the banking and financial services company, Capital One. This product offers a simple 1.5% unlimited cash back on all purchases made with the card. The annual fee for this card is $0 and it comes with an introductory offer of 0% APR (Annual Percentage Rate) on balance transfers and purchases for 15 months from the date of account opening; after that time period, the standard rate will apply.
The card also has several other features which include extended warranty protection, auto rental collision damage waiver, 24/7 travel assistance service, travel accident insurance, access to exclusive events through Entertainment Access, and purchase security coverage. In addition, customers can take advantage of no foreign transaction fees when using their Quicksilver Cash Rewards Credit Card abroad or online.
Eligibility Requirements
The Capital One Quicksilver Cash Rewards Credit Card offers an attractive rewards program that allows cardholders to earn 1.5% cash back on all purchases made with the card. To be eligible for this credit card, applicants must meet certain requirements. Firstly, they must have a good-to-excellent credit score in order to qualify and maintain their account with minimal risk of delinquency or default. Additionally, applicants should not have any current bankruptcies or charge-offs associated with their name. They also need to provide proof of income which is verified by Capital One’s evaluation process before approval can be granted.
In addition to these eligibility criteria, applicants may also need to provide additional information depending on their individual circumstances such as employment verification documents or other forms of financial documentation if necessary. Furthermore, those who are under the age of twenty one will require a co-signer due to federal laws regarding youth access to credit cards. The application process requires submission of personal and financial information online or via post but typically takes only seven business days from start to finish.
Benefits And Rewards
The Capital One Quicksilver Cash Rewards Credit Card offers cardholders a variety of benefits and rewards.
Firstly, cardholders are eligible to earn 1.5% cash back on all their purchases without having to worry about rotating categories or any sign-up bonuses. This can be an attractive option for those who prefer the simplicity of earning consistent rewards for every dollar spent with no limits or restrictions on how much they can earn each month.
In addition, there is no annual fee associated with this credit card which makes it more appealing than other cards that have high fees attached. Furthermore, the 0% introductory APR period lasts 15 months from account opening so cardholders have plenty of time to pay off large purchases interest free if they choose to do so.
Finally, some additional perks include:
- Access to exclusive events and experiences
- Special discounts at select retailers
- No foreign transaction fees when used overseas
- 24/7 customer service support
This credit card has many features that make it a great choice for those looking for a simple and rewarding way to manage their finances.
Fees And Interest Rates
The Capital One Quicksilver Cash Rewards Credit Card offers low fees and competitive interest rates for those who qualify. The annual fee is waived for the first year, then a flat rate of $95 annually after that. Balance transfers and cash advances are subject to either a one-time fee or an APR that includes both the balance transfer/cash advance fee plus any applicable interest charges.
| Fees | Interest Rates |
| Annual Fee | 14.74% – 24.74% |
| Balance Transfer | Variable |
| Cash Advance | 26.99% |
Late payments incur a penalty APR of up to 29.99%, as well as late payment fees ranging from $27-$38 depending on your creditworthiness. Additionally, if you do not make at least the minimum payment within 60 days or more than once within 6 months, it could result in additional penalties and higher APRs until full repayment has been made.
Customer Service
The previous section focused on the fees and interest rates associated with the Capital One Quicksilver Cash Rewards Credit Card. This subsequent section will examine customer service for the card.
In terms of customer service, Capital One offers a range of options to address concerns. Customers can contact them by phone or send an email through their website. Furthermore, they have a secure online chat feature available 24/7 which allows customers to quickly discuss any questions they may have about their account. The following points provide further detail on how customers are supported:
Phone Support: Representatives are available from 7am-11pm EST during weekdays and 9am-9pm EST on weekends.
- Additional features such as automated phone services and call forwarding are also available for those who prefer not to speak directly with a representative.
- An international number is provided in case customers need assistance while travelling outside of the United States.
Email Assistance: Customers can use the “Contact Us” page on the Capital One website to submit inquiries regarding billing, account changes, rewards redemption, etc., and expect a response within 1-2 business days.
Secure Online Chat: A live chat facility is accessible through the website that provides real time answers to frequently asked questions and other related issues without having to wait for an email reply or make a phone call.
Capital One has put considerable effort into providing quality customer service that meets all kinds of user needs; no matter what type of issue arises, customers should be able to find help easily and conveniently.
Pros And Cons
The Capital One Quicksilver Cash Rewards Credit Card offers cardholders an attractive 1.5% cash back on all purchases, with no limit to the amount of rewards they can earn. This makes it a great choice for those looking to maximize their monetary rewards. Additionally, there is no annual fee associated with this credit card and its interest rates are fairly low.
On the other hand, some may find that the reward tiers are too restrictive and not as beneficial as cards with higher reward percentages or more flexible redemption options. Furthermore, while the APR rate is relatively low compared to many other competitors in this market segment, it still comes at a premium over what could be found through alternative financing sources such as personal loans or balance transfers from another institution. Overall, depending on individual needs and preferences, the pros and cons of using this card will vary greatly from person to person.
Conclusion
The Capital One Quicksilver Cash Rewards Credit Card is a great choice for those looking to maximize their cash back rewards. With no annual fee, this card offers 1.5% cash back on every purchase and comes with an array of benefits such as 0% APR on balance transfers and purchases made in the first 15 months after opening your account. Additionally, customers can enjoy extra perks like exclusive access to special events, travel discounts, and more. Furthermore, customer service is top-notch and provides exceptional assistance when needed.
This credit card has many attractive features that make it worth considering if you are searching for a card that will give you generous rewards without any added fees or interest charges. It provides excellent value for money spent on everyday purchases and gives additional bonuses from time to time. Moreover, its high level of customer service support makes it even more desirable to have in one’s wallet. All these factors make the Capital One Quicksilver Cash Rewards Credit Card an appealing option for anybody looking for a reliable cash-back credit card solution.