The Capital One Quicksilver Student Cash Rewards Credit Card is a popular choice among college students looking for an easy way to earn rewards. This review will examine the features of this credit card, highlighting its benefits and drawbacks. It will also provide an overview and analysis of how it compares with other similar student cards in terms of earning potential and fees. By doing so, readers can make informed decisions about whether or not this credit card is right for them.
The Capital One Quicksilver Student Cash Rewards Credit Card offers 1.5% cash back on all purchases, with no limit on earnings and no annual fee. In addition, new cardholders receive a one-time bonus of $100 after spending $500 during the first three months of account opening. Furthermore, there are no foreign transaction fees when making purchases abroad. These features make it an attractive option for those who want to maximize their rewards while minimizing any associated costs.
Finally, by comparing the features offered by the Capital One Quicksilver Student Cash Rewards Credit Card to those available from other student cards, readers can evaluate which product best suits their needs and budget. Withdrawing information from various sources such as customer reviews and industry experts, this review aims to provide an objective examination of both the pros and cons that come with using this particular credit card.
Overview
The Capital One Quicksilver Student Cash Rewards Credit Card is a rewards credit card designed for students. It offers a 1.5% cashback reward on all purchases and no annual fee or foreign transaction fees. The card also has an introductory APR of 0%. This makes it an attractive option for those looking to earn rewards while managing their finances responsibly, as well as for people who travel often and need a reliable source of currency conversion when abroad. Additionally, the card includes additional benefits such as extended warranty coverage and auto rental collision damage waiver insurance.
This review will explore the features and benefits associated with the Capital One Quicksilver Student Cash Rewards Credit Card in detail, examining key considerations such as eligibility requirements, rates & fees, reward structure, customer service options, security measures, and other important information pertaining to this product.
Benefits & Features
The Capital One Quicksilver Student Cash Rewards Credit Card offers a variety of advantages for students looking to build their credit score. Among these benefits are 1.5% cashback rewards on all purchases, no annual fee, and an introductory 0% APR period that can extend up to 15 months depending upon creditworthiness. Additionally, the cardholder will enjoy 24/7 customer support as well as access to exclusive discounts through the Capital One Shopping platform.
This card is ideal for those who wish to use it responsibly in order to improve their credit score over time without incurring undesired fees or interest rates. The ability to earn generous cash back rewards on every purchase allows one to accumulate rewards quickly while also building good financial habits such as budgeting and keeping track of expenses. Furthermore, with a low minimum spending requirement and no cap on how much can be earned from cashback rewards, this credit card provides an excellent opportunity for students seeking an easy way to get started establishing positive credit history.
Eligibility Requirements
In order to be eligible for the Capital One Quicksilver Student Cash Rewards Credit Card, applicants must meet certain criteria. The applicant must be 18 years of age or older and have a valid Social Security Number (SSN). Additionally, they should have an acceptable form of identification such as a driver’s license or passport. Furthermore, applicants must not have any open bankruptcy proceedings against them nor may they be in default on their existing credit card debt.
Applicants cannot currently hold another Capital One account or have held one within the past six months; furthermore, if approved for the card applicants will need to provide proof of income and/or student status from high school, college or university attendance. In addition, applicants with poor credit histories may still be able to qualify but are subject to higher interest rates than those with better credit scores.
Fees & Rates
The Capital One Quicksilver Student Cash Rewards Credit Card features no annual fee, allowing students to benefit from using the card without having to pay a yearly cost. The standard APR for purchases and balance transfers is 17.99%, however during the first nine months of opening an account with this credit card there is an introductory 0% APR on both purchases and balance transfers. After that period, the rate increases up to 17.99%. A 3% foreign transaction fee applies when making transactions in other countries or currencies outside of the US dollar. Additionally, cash advances are subject to a 25.24% interest rate, although there is no fee associated with them. In order to avoid late fees and possible penalty rates due to delinquencies, customers must make sure payments arrive before their due dates each month.
Pros & Cons
Benefits of the Capital One Quicksilver Student Cash Rewards Credit Card include a 0% introductory APR for 15 months, no annual fee and 1.5% cash back on all purchases with no limit to how much can be earned. Additionally, this card offers an impressive suite of benefits that make it attractive to students:
- No foreign transaction fees
- Access to exclusive discounts
- Travel accident insurance
- Extended warranty protection
Overall, these features provide many advantages over other cards in its category while allowing users to do more than just earn rewards points. The lack of an annual fee also allows students who may not have access to high-income streams the opportunity to enjoy credit card use without incurring additional costs each year. On the other hand, there are some drawbacks associated with this student credit card such as having a higher minimum payment requirement and lower maximum balance limit compared to non-student cards. This may limit its appeal for those looking for long-term solutions or larger purchase options.
Despite these minor downsides, the Capital One Quicksilver Student Cash Rewards Credit Card is still a great option for college students who want the convenience and security of using plastic while earning rewards along the way. For those seeking a low cost but rewarding credit card experience, this card provides ample value with plenty of perks at minimal risk or expense.
Alternatives
When considering alternatives to the Capital One Quicksilver Student Cash Rewards Credit Card, there are other student-specific cards available. Some of these options may offer lower interest rates or better rewards than the Capital One card. For example, Bank of America offers a cash back rewards program for students with no annual fee and 0% introductory APR on purchases and balance transfers for up to 15 months after opening an account. In addition, Discover also has a college rewards card that provides 1% cashback as well as 5% cashback on rotating categories such as gas stations, grocery stores, restaurants, Amazon purchases and more.
Another option is an alternative non-student credit card which would provide greater flexibility in terms of earning potential. There are many different types of cards offering various reward structures depending on individual preferences and spending habits. Many cards have signup bonuses that can be quite lucrative if used responsibly in combination with ongoing points accumulation from everyday spending. Ultimately, it is important to find the best fit based on one’s personal financial goals and budgeting needs.
Conclusion
The Capital One Quicksilver Student Cash Rewards Credit Card provides multiple benefits and features to cardholders, making it an ideal choice for students looking to build their credit. It offers no annual fee, generous cash back rewards on all purchases, a 0% introductory APR period, and flexible payment options. Eligibility requirements include being at least 18 years of age or older with an income source and a valid social security number. Fees & rates are reasonable and competitive compared to other student cards available in the market today.
Overall, this card is a great option for students who are looking to establish or rebuild their credit score while earning rewards on everyday spending. Its low fees, attractive reward structure and long-term value make it one of the best choices among student credit cards available today. For those seeking more flexibility than what’s offered by this card, there are many alternatives that may better suit their needs including cards offering higher cash back rewards or lower interest rates.
In conclusion, the Capital One Quicksilver Student Cash Rewards Credit Card is an excellent choice for its combination of perks, convenience and affordability. It has all the necessary features required by students while providing substantial savings over time through its generous reward structure and 0% intro APR period. With these benefits combined with no annual fee, it makes sense why this card should be strongly considered when picking out a student credit card.