Who is the Capital One Quicksilver Cash Rewards Card for?
The Capital One Quicksilver Cash Rewards Card’s greatness boils down to its simplicity of rewards redemption and competitive interest rates. This card is straightforward with its unlimited 1.5% cash back on every purchase without any category restrictions. That means for everything - travel, shopping, dining out, or even bills - you earn exactly the exact same cash back rate without confusing categories or redemption portal ‘gotchas’. We recommend this card for anyone who values straightforward cash returns, without having to deal with fees and confusing complications to getting your rewards.
The Capital One Quicksilver Cash Rewards Card is a cash back credit card that fits the needs of everyone. You don’t need to be a traveler or have high spendings to appreciate cash back. Instead, the Capital One Quicksilver Cash Rewards Card gives you 1.5% cash back on every purchase made. That means that for every $66 spent, you receive one more dollar in your pocket. Also, you do not have to reach some benchmark number to pull your money out. Rather, you can redeem your cash back in any amount at any time.
This card also offers 0% APR for the first 15 months on both purchases and balance transfers. Interest-free transactions until almost 2022 will save you even more money. On top of that, there is no annual fee and no foreign transaction fee, making this card practically free to own.
This card works for everyone, as you do not need to be a big spender to get your money back. The more money you spend, the more money you get back, and with its $0 annual fee, this puts free money in your pockets.
Lack of Fees
One of the most enticing aspects of this credit card is the lack of fees. While many cash back and rewards credit cards have an annual fee, the Capital One Quicksilver Cash Rewards Card is completely free. You don’t have to spend money to make money. Instead, you will receive cash back just for signing up, making this card valuable for anyone looking to earn cash back without spending money to do so.
Also, this card has no foreign transaction fee, giving it value to the international traveler. While many cards charge a 3% fee for purchases made outside of the United States, this card eliminates that fee, benefiting those who are planning international travel.
For the first 15 months, this card has a 0% APR on new purchases. This makes the Capital One Quicksilver Cash Rewards Credit Card one of our favorite candidates for a low interest. We recommend that you try to pay off your balance by the end of the 15-month period when the interest rate rises to either 15.49%, 21.49%, or 25.49%, and your debt becomes harder to pay off.
Our favorite aspect of this card is the lack of costs associated with it. No annual fees, no foreign transaction fees, and 15 months of 0% APR saves you money while you are earning cash back with all of your purchases.
Initial Cash Back Offer
All owners of the Capital One Quicksilver Cash Rewards Card will earn a one-time $150 cash bonus once they spend $500 on purchases within 3 months from account opening. This is the equivalent of 30% cash back on top of the 1.5% that you would already be receiving. With no annual fee and this $150 bonus, it is almost as if Capital One is giving you money to own this credit card.
Cash Back and Perks
The name of the card has cash rewards in it for a reason. Receiving 1.5% cash back on all purchases with no hidden fees or costs makes this card economically attractive for your everyday buyer. You don’t need to be buying fancy cars and houses to receive the perks of this card. Your cash reward can be redeemed in the form of cash, it can be used to cover a recent purchase, or it can be redeemed in the form of a gift card. The cash you save can easily be transferred into your next present for someone else.
The cash back rate does not change based on product type. The flat rate will save you from researching which products are offering higher cash back rates this month or filing through your wallet to pick the best rewards card. Instead, you can shop with confidence in your favorite supermarket, ballpark, or steakhouse knowing that you will receive 1.5% cash back. It doesn’t matter where you buy it or what you buy, it only matters how you buy it.
One added benefit of this card is its transferability of rewards to Amazon. Every time you shop on Amazon, you will have the option to pay fully or partially with your cash back earnings. Considering how prevalent Amazon has become for online shopping, this easy accessibility will save card owners time and hassle.
Also, Capital One will not raise your APR if you are late on your payment. However, you may be charged a fee of up to $39, but your interest rate will not be increased as a result of an untimely or missed payment.
Protections and Accessibility
All purchases made using this card will be given an extended warranty. This doubles the warranty with a maximum extension of one year. Thus, if you have any issues with a product you buy within the extended warranty period, you will be able to send it back and get it repaired at no cost.
This card also comes with travel accident insurance. You will receive automatic insurance for a covered loss at no extra charge when you use your credit card to purchase your fare. Any serious injuries caused by travel providers will be covered by Capital One. This travel accident insurance also extends to damaged rental cars and lost luggage.
This card also benefits from the Capital One app, which offers instant push notifications on your phone every time a purchase is approved on your account. Whether someone has taken your credit card or if a family member is using it without your permission, you will be notified every time a purchase is made. Capital One will also alert you every time a suspicious charge appears on your account, whether it is an unexpected purchase, an unreliable source of the charge, or a potential duplicate charge.
You can use Capital One’s technology to quickly lock your card using the Capital One Mobile app. Freezing your card will provide safety whenever your card is misplaced, lost, or stolen. Furthermore, this card offers $0 fraud liability, meaning that you will not be charged for any unauthorized purchases if your card is lost or stolen. To provide even more protection, this card allows you to pay online with virtual card numbers, permitting the user to hide their real credit card numbers from potential hackers.
You can also set up autopay on your account, and your payments will be made automatically every month. This saves you time and effort because you no longer have to figure out what you owe and where to pay it.
This card gives you access to Capital One’s personal assistant, Eno. Eno monitors your account, sends you insights if a bill is higher than usual, and prevents fraud, allowing you to stay on top of all of your account’s activity. Eno will pay your bill with one simple text and will provide you with assistance along the way.
Regardless of Eno, Capital One will still provide customer service specialists for those who prefer dealing with real people. Capital One provides 24/7 customer assistance whenever you may have a question about your account.
The Capital One Quicksilver Cash Rewards Card can be a benefit to everyone. No annual fee, no foreign transaction fee, 0% APR for 15 months, a $150 bonus, and 1.5% cash back on all purchases highlight the perks of using this credit card. No matter what you buy with this card, you will be making money.