The bank card market is flooded with money again bank cards proper now, and the card_name is among the higher choices with no annual price. This card’s versatile redemption choices make it an excellent possibility for individuals who do not need to get caught with rewards they cannot use, and the flat incomes price makes it a strong alternative for individuals who dislike difficult rewards applications.
Capital One Quicksilver Money Rewards Credit score Card
Credit score rating wanted
credit_score_needed
Common APR
reg_apr,reg_apr_type
Bonus rewards full
bonus_miles_full
Professionals:
- Earns flat-rate rewards (1.5% money again) on all purchases
- Earns 5% again on resorts and rental vehicles booked by Capital One
- No annual price and no overseas transaction charges
- Beneficiant welcome provide
- Versatile redemptions for rewards
- Intro APR provide for purchases and steadiness transfers
Cons:
- Some flat-rate playing cards provide the next price
- No travel-specific advantages
- Few different cardholder perks
- “Glorious” credit score required
When you’re contemplating the card_name and questioning if there are higher playing cards on the market, learn on. Right here’s how this money again bank card works, the place it shines, and which competing playing cards may go away you higher off.
TIME’s Take
The card_name is price contemplating in case you have glorious credit score and need to earn rewards for spending with no annual price. The cardboard’s flat-rate rewards construction (1.5% again on all purchases) makes it a no-hassle possibility for individuals who hate maintaining with bonus classes and rewards caps. Its intro APR provide for purchases and steadiness transfers makes the card_name an inexpensive card to hold—at the least for the primary 15 months.
That stated, the cardboard’s rewards price is not as excessive as you will discover with some rivals. The dearth of bonus classes additionally means there is no good option to maximize rewards apart from spending more cash on purchases.
Capital One Quicksilver Money Rewards Credit score Card: Professionals & cons
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Earns flat-rate rewards (1.5% money again) on all purchases |
Some flat-rate playing cards provide the next price |
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Earns 5% again on resorts and rental vehicles booked by Capital One |
No travel-specific advantages |
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No annual price and no overseas transaction charges |
Few different cardholder perks |
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“Glorious” credit score required |
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Versatile redemptions for rewards |
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Intro APR provide for purchases and steadiness transfers |
Who’s the cardboard for?
As a result of the card_name gives a flat price of 1.5% money again on all purchases with out complicated bonus classes or rewards caps to maintain observe of, this card is for individuals who need to earn rewards with out a variety of problem and stress. The identical applies in terms of redeeming rewards since redemption choices are straightforward to grasp. For instance, you’ll be able to redeem rewards earned with this card for money again, assertion credit, reward playing cards, and even purchases by Amazon.com or PayPal.
Nonetheless, it is essential to notice that Capital One says this card is for individuals with “glorious credit score.” Whereas the cardboard issuer would not record a minimal credit score rating to be accredited, it does say candidates ought to have by no means declared chapter or defaulted on a mortgage, and that being 60 days late on a invoice may also result in a denial. The cardboard issuer additionally says eligible candidates ought to have “had a mortgage or bank card for 3 years or extra with a credit score restrict above $5,000.”
Options
The card_name is a reasonably easy card with phrases which are straightforward to grasp. Listed here are the principle options you must learn about:
Money again rewards
The card_name gives a limiteless flat price of 1.5% money again on all purchases, plus 5% again on resorts and automotive leases booked by Capital One Journey.
Not solely that, however new cardholders can earn a one-time $200 money bonus after spending $500 on purchases inside three months from account opening.
Intro APR provide
Cardholders can get pleasure from intro_apr_rate,intro_apr_duration and balance_transfer_intro_apr,balance_transfer_intro_duration, adopted by a reg_apr,reg_apr_type APR. This intro provide makes this card beneficial for individuals who need to consolidate and pay down high-interest debt or pay down a big buy over time.
No foreign-transaction charges
The card_name would not cost foreign-transaction charges whenever you use it for purchases overseas. Many competing money again bank cards do.
Uber One profit
The cardboard comes with six months of complimentary Uber One membership (by November 14, 2024). Enrollment is required, and this membership comes with $0 supply charges on Uber Eats orders, 10% off eligible Uber Eats orders and member pricing, and top-rated drivers on the ridesharing app.
Capital One Leisure
Get entry to presale occasion tickets and particular occasions only for being a cardholder. Whereas this will likely not seem to be an enormous deal, do not forget that card_name cardholders had a separate presale occasion for Taylor Swift Eras Tour tickets after they had been initially on the market in November 2022.
Capital One Eating
Capital One Eating lets cardholders get reservations at unique eateries and award-winning eating places.
Prolonged warranties
This protection gives extra prolonged guarantee safety on eligible objects that already include a producer’s guarantee.
Journey accident insurance coverage
Robotically get journey accident insurance coverage for gratis whenever you use your bank card to pay for a standard provider fare with an airline, cruise line, and extra.
Complimentary concierge
Lastly, cardholders get complimentary concierge providers 24 hours a day and 7 days every week. This hotline provides you specialised help and helps with reserving dinner reservations, journey, and extra.
The nice print
This card_name is pretty freed from nice print and “gotchas,” however there are some phrases and circumstances you will need to perceive.
Rates of interest
Whereas the intro APR provide on the card_name is good, do not forget that this provide will not final perpetually. After the intro_apr_duration, you will pay a reg_apr,reg_apr_type variable APR on any remaining balances.
Charges
Utilizing this card to consolidate high-interest debt may also help you pay down debt sooner and get monetary savings on curiosity, but a balance_transfer_fees balance-transfer price applies.
Further charges to be careful for embrace:
- Money advance price of cash_advance_fee.
- Late cost price of late_payment_fee.
What may very well be improved?
Whereas the card_name appears to have quite a bit going for it at first look, you will see the place this card comes up quick whenever you take the time to have a look at its rivals. For starters, there are money again bank cards with greater flat incomes charges, together with the Citi® Double Money Card. There are additionally money again bank cards just like the card_name that supply 1.5% money again on common spending and much more rewards in fashionable bonus classes.
Some money again bank cards with higher rewards additionally include extra beneficial perks total. For instance, cardholders with the card_name get entry to buy safety towards harm or theft, prolonged warranties, a free credit score rating, secondary auto rental protection, journey cancellation and interruption insurance coverage, and journey and emergency help providers.
Card options
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intro_apr_rate,intro_apr_duration |
intro_apr_rate,intro_apr_duration |
intro_apr_rate,intro_apr_duration |
Backside line
You may in all probability do higher than the card_name. The cardboard seems to be a formidable money again bank card for those who take a look at its rewards charges, options, and charges on their very own. Nonetheless, the worth actually falls aside whenever you examine it to related rewards bank cards in the marketplace at this time. The very fact is, another playing cards provide higher rewards potential and related intro APR gives with no annual price. In reality, a number of high playing cards provide the next flat cash-back price of two% money again on all purchases or bonus rewards classes you’ll be able to maximize over time.
However, the card_name would not cost overseas transaction charges. This helps it stand out amongst different playing cards that cost charges of round foreign_transaction_fee whenever you use them for purchases exterior the US.
Capital One Quicksilver Money Rewards Credit score Card
Credit score rating wanted
credit_score_needed
Common APR
reg_apr,reg_apr_type
Bonus rewards full
bonus_miles_full
Professionals:
- Earns flat-rate rewards (1.5% money again) on all purchases
- Earns 5% again on resorts and rental vehicles booked by Capital One
- No annual price and no overseas transaction charges
- Beneficiant welcome provide
- Versatile redemptions for rewards
- Intro APR provide for purchases and steadiness transfers
Cons:
- Some flat-rate playing cards provide the next price
- No travel-specific advantages
- Few different cardholder perks
- “Glorious” credit score required
Regularly requested questions (FAQs)
Is card_name price getting?
The card_name is price getting in order for you flat-rate money again with no annual price, or in order for you an intro APR provide for purchases and steadiness transfers. This card additionally works effectively for individuals who journey because it would not cost overseas transaction charges.
Is it arduous to get the card_name?
The card_name could also be tougher to get because it’s marketed to customers with glorious credit score. In case your credit score rating wants some work, look into bank cards for truthful credit score or bank cards for adverse credit as a substitute.
Is card_name an excellent bank card for constructing credit score?
The card_name reviews your balances and funds to the three credit score bureaus, so it is a terrific card for constructing credit score over time.
What’s the restrict on a card_name?
The bottom doable restrict on the card_name is $300, but candidates with glorious credit score and excessive incomes can get a credit score restrict of $5,000 or extra.