Capital One Quicksilver Money Rewards {Credit Card} overview
The Capital One Quicksilver Money Rewards {Credit Card} retains issues easy with a limiteless 1.5% cash-back price on each buy, serving to your rewards develop over time. Nonetheless, different cash-back playing cards provide greater incomes charges in particular classes. Card Ranking*: ⭐⭐⭐½
*Card ranking relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
The Capital One Quicksilver Money Rewards {Credit Card} presents aggressive perks for a no-annual-fee card however it does have a number of drawbacks value contemplating.
TPG recommends that candidates have a very good credit score rating of 670 or greater when making use of.
The Quicksilver’s easy incomes construction could also be interesting, however what makes it much more so is the power to switch your rewards to Capital One’s switch companions when paired with a card that earns Capital One miles.
Let’s dive into the cardboard particulars.
Associated: One of the best Capital One playing cards
Capital One Quicksilver execs and cons
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Capital One Quicksilver welcome provide
New Capital One Quicksilver cardholders can earn a $200 money bonus after spending $500 on purchases throughout the first three months of account opening. Plus, new cardholders will obtain a $100 Capital One Journey portal credit score throughout your first cardholder yr and upon account opening (no spending is required to obtain the credit score).
That is probably the most beneficiant provide we have seen on this card.
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The $100 journey credit score is legitimate for a yr and can be utilized in a number of purchases of flights, inns, rental vehicles and trip leases; nonetheless, rewards will not be earned on the credit score.
Most individuals ought to have the ability to meet the low minimal spending requirement with out an excessive amount of effort. However in comparison with the perfect journey bank cards, which might provide welcome bonuses value 1000’s of {dollars}, this $200 is only a good increase to your cash-back earnings.
Capital One does have some utility restrictions you may wish to be careful for. You may sometimes solely be authorised for one Capital One bank card each six months. Moreover, in the event you obtained a welcome bonus on this card previously 48 months, you will not be eligible for one more one till 48 months have handed.
Associated: Playing cards at present providing welcome bonuses of 100,000 factors or extra
Capital One Quicksilver advantages
The Capital One Quicksilver is not designed for vacationers searching for perks like lounge entry or annual journey credit, which are sometimes included with premium bank cards.
Nonetheless, the Quicksilver does embrace some advantages, corresponding to charging no international transaction charges. It is a perk that, whereas now almost common on bank cards with annual charges, is rarer for no-annual-fee playing cards.
Different advantages embrace:
It is a concise however stable set of advantages for a no-annual-fee card.
Associated: One of the best bank cards for prolonged warranties
Incomes money again on the Capital One Quicksilver
The Capital One Quicksilver earns a limiteless 5% money again on inns, trip leases and rental vehicles booked by way of Capital One Journey and a flat 1.5% again on all different purchases.
Incomes a set quantity on most purchases is ok if you do not have one high-spending class. Nonetheless, in the event you make many month-to-month purchases in a single explicit class, corresponding to eating or groceries, you may seemingly wish to think about a card that earns a bonus in that class, such because the Capital One Savor Money Rewards {Credit Card}.
Associated: One of the best bank cards for every bonus class
Redeeming money again on the Capital One Quicksilver
You possibly can redeem your rewards on the Capital One Quicksilver for a press release credit score (the most well-liked choice), examine or present card. You can too use your rewards at Amazon.com checkout and thru PayPal.
There isn’t any minimal redemption quantity — simply sign up to your account through the app or your pc and easily choose your desire.
TPG bank cards publication and partnerships editor Emily Thompson appreciates the flexibility of cash-back rewards. Despite the fact that they are often much less helpful than her favourite transferable rewards, she makes use of cash-back to cowl issues that factors and miles do not, like airport snacks and actions.
Nonetheless, you are not restricted to those redemption choices when you’ve got the appropriate card pairing. Should you additionally maintain a card that earns Capital One miles, such because the Capital One Enterprise Rewards {Credit Card}, you possibly can convert your cash-back to journey rewards at a price of 1 cent of money again to 1 Capital One mile. Then, you possibly can switch them to any of Capital One’s 15-plus airline and resort companions for doubtlessly better worth.
Associated: Higher collectively: The last word information to the perfect bank card mixtures
Which playing cards compete with the Capital One Quicksilver?
The Capital One Quicksilver is a stable no-annual-fee money again bank card. Nonetheless, there are higher selections for these in search of greater incomes charges and extra advantages.
For added choices, try our full checklist of the perfect cash-back playing cards and no-annual-fee bank cards.
Associated: How to decide on a cash-back bank card
Is the Capital One Quicksilver value it?
The Capital One Quicksilver is an effective match for individuals who need one card for every part as a result of it has a easy, mounted 1.5% money again incomes price. This card is an effective alternative in the event you do not spend a lot of your price range in typical bonus spending classes or want to not juggle playing cards while you’re out and about. Nonetheless, in the event you spend closely in particular bonus classes, you might be higher served by a card tailor-made to these purchases.
Backside line
The Capital One Quicksilver delivers a simple 1.5% cash-back price, a robust welcome bonus and helpful advantages, all with no annual payment. It is a superb alternative for anybody who values simplicity and adaptability of their rewards.
That mentioned, in case your spending skews closely towards sure purchases, a card with greater incomes charges in bonus classes may provide higher returns.
Be taught extra: Quicksilver Money Rewards
For Capital One merchandise listed on this web page, a number of the advantages could also be offered by Visa® or Mastercard® and will differ by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
Upon enrollment, accessible by way of the Capital One web site or cell app, eligible cardholders will stay at that standing stage by way of the length of the provide. Please be aware, enrolling by way of the traditional Hertz Gold Plus Rewards enrollment course of (e.g. at Hertz.com) is not going to robotically detect a cardholder as being eligible for this system and cardholders is not going to be robotically upgraded to the relevant standing tier. Further phrases apply
