The Capital One QuicksilverOne Cash Rewards Credit Card has a lot of perks worth being excited about, but its biggest benefit is probably that people with fair credit scores can get in on cashback deals and even qualify for credit limit increases. Show
With a low annual fee of $39 and unlimited 1.5% cash back on every purchase; plus 5% unlimited cash back on hotels and rental cars booked through Capital One Travel, this card is definitely one to consider for anyone in need of a straightforward cashback card to use while improving their credit. Who should get the Capital One QuicksilverOne Cash Rewards Credit Card?The Capital One QuicksilverOne Cash Rewards card is a great card for people with fair credit scores looking for a cashback card. Using a credit card responsibly could even help you build credit. One of the things this card does best is reward users with automatic consideration for a higher credit line as quickly as six months after account opening. It also allows people with average credit or limited credit profiles to earn pretty good cash rewards, all while charging a comparatively low annual fee of $39. With a straightforward rewards program of unlimited 1.5% cash back on every purchase; plus 5% unlimited cash back on hotels and rental cars booked through Capital One Travel and a flexible redeeming structure, this card is one that even beginners can quickly master. If your credit score is above average, you might consider a card that offers more competitive rewards. Alternatively, if you’re currently on a tight budget, the annual fee is something to consider before signing up, as is the APR (annual percentage rate). If you plan to carry a balance, you might be better off choosing a card with a lower introductory rate. Card basics
Capital One QuicksilverOne Cash Rewards card benefits and perks
Drawbacks to this card
Earning & redeeming cash backPotential earnings in years one and twoHere's a look how your cash back can add up with the Capital One QuicksilverOne Cash Rewards Credit Card. Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend. Year one earnings: $464 Year two earnings: $464 These values are based on the FinanceBuzz Credit Card Rewards Valuation Model which takes a look at points earned via spending, the early spend bonus, and the annual fee. Best ways to earnSince this card earns at least 1.5% on every purchase, it pays to put all your everyday purchases on it. And don't forget that hotels and rental cars booked through Capital One Travel earn unlimited 5% cash back. Maximizing your redemptionsGetting the most out of your redemptions with this card is easy. Apply your rewards as cash back, a statement credit, or even gift cards. You’ll need to spend just $2,600 on the card to offset the $39 annual fee. Capital One QuicksilverOne Cash Rewards FAQsThis card only requires a fair credit score — in other words, a credit score around 580 and 670. That means you don't have to have the most amazing credit history to have a shot at getting this card. How do I redeem cash back with the Capital One QuicksilverOne Cash Rewards card?Cash back can be redeemed as a check, statement credit, or gift card. Your cashback rewards never expire, and you can redeem any amount you wish — there’s no minimum. What is the credit limit for the Capital One QuicksilverOne Cash Rewards card?Your exact credit limit will depend on your creditworthiness and the info you provide on your application. The minimum credit limit you’ll receive is $300, though well-qualified applicants may receive limits of several thousand dollars. Other cards to considerYou might have decided by now that the Capital One QuicksilverOne Cash Rewards Credit Card is the perfect rewards credit card for you. But if you still have doubts, there are other great credit cards to consider. If you have above-average credit, it’s probably worth looking into a credit card offer with more competitive perks. The Capital One Quicksilver Cash Rewards Credit Card also offers 1.5% cash back rewards on every purchase, every day; plus unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, with an annual fee of $0. It also offers a 0% intro APR on balance transfers for 15 months, then a 17.99%, 23.99% or 27.99% (variable) APR. There is a 3% fee on balances transferred within the first 15 months. The Citi® Double Cash Card - 18 month BT offer earns up to 2% cash back on all purchases: 1% as you buy and 1% as you pay for those purchases and has a $0 annual fee. Because of that it's considered one of the best credit cards for cashback rewards. It also offers an intro balance transfer APR of 0% for 18 months (then 16.99% to 26.99% (variable) APR). Author Details
Larissa Runkle Larissa writes for FinanceBuzz and divides her time between a cabin in the San Juan Mountains and traveling in a van. She enjoys writing about travel, debt relief, personal loans, and mortgages. Her work has been featured on MagnifyMoney, LendingTree, and Realtor.com. Outside of finance and real estate writing, she’s also at work on several fiction projects. When away from the computer, you’ll find her reading, exploring local trails, and climbing rocks. What is the Capital One Quicksilver card limit?The minimum credit limit for the Quicksilver card is $1,000. Your history with the Quicksilver card will be evaluated for a higher credit limit or upgrade after 6 months of positive history.
What credit score is needed for a Capital One QuicksilverOne card?The Capital One QuicksilverOne Rewards Credit Card is a good choice for people with just average credit. Applicants with at least a fair credit score (580 or higher) or little credit history have good chances for approval.
Does Capital One Quicksilver do credit limit increase?The Capital One QuicksilverOne card may offer an automatic credit limit increase if Capital One's regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.
What is the maximum limit of Capital One credit card?Among consumer cards, the Capital One Venture X Rewards Credit Card comes in first, with reports of a $75,000 credit limit, outflanking the other consumer cards from this issuer.
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