Capital One Quicksilver Money Rewards Credit score Card Assessment 2023

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 a great choice for individuals who do not need to get caught with rewards they can not use, and the flat incomes fee makes it a stable selection for individuals who dislike sophisticated rewards packages.

Should 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 might go away you higher off.

TIME’s Take 

The card_name is price contemplating when you’ve got wonderful 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 choice for individuals who hate maintaining with bonus classes and rewards caps. Its intro APR provide for purchases and stability transfers makes the card_name an inexpensive card to hold—not less than for the primary 15 months.

That mentioned, the cardboard’s rewards fee is not as excessive as you may discover with some rivals. The dearth of bonus classes additionally means there is not any good option to maximize rewards apart from spending more cash on purchases.

Capital One Quicksilver Money Rewards Credit score Card: Execs & cons

Who’s the cardboard for? 

As a result of the card_name gives a flat fee of 1.5% money again on all purchases with out complicated bonus classes or rewards caps to maintain monitor of, this card is for individuals who need to earn rewards with out a whole lot of trouble and stress. The identical applies relating to redeeming rewards since redemption choices are simple to know. For instance, you may redeem rewards earned with this card for money again, assertion credit, reward playing cards, and even purchases by means of Amazon.com or PayPal.

Nevertheless, it is essential to notice that Capital One says this card is for individuals with “wonderful credit score.” Whereas the cardboard issuer would not listing a minimal credit score rating to be authorized, 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 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 might be simple to know. Listed here are the primary options it’s best to learn about:

Money again rewards

The card_name gives a limiteless flat fee of 1.5% money again on all purchases, plus 5% again on inns and automobile leases booked by means of 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 take pleasure in 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 helpful 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 if 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 means of 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 not appear to be a giant 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 further prolonged guarantee safety on eligible gadgets that already include a producer’s guarantee.

Journey accident insurance coverage

Robotically get journey accident insurance coverage for gratis if you use your bank card to pay for a typical provider fare with an airline, cruise line, and extra.

Complimentary concierge

Lastly, cardholders get complimentary concierge companies 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 high-quality print

This card_name is pretty freed from high-quality print and “gotchas,” however there are some phrases and situations you may 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 endlessly. After the intro_apr_duration, you may pay a reg_apr,reg_apr_type variable APR on any remaining balances. 

Charges 

Utilizing this card to consolidate high-interest debt can assist you pay down debt quicker and lower your expenses on curiosity, but a balance_transfer_fees balance-transfer price applies.

Extra charges to be careful for embrace:

• Money advance price of cash_advance_fee.
• Late fee 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 may see the place this card comes up brief if you take the time to take 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 provide 1.5% money again on common spending and much more rewards in widespread bonus classes.

Some money again bank cards with higher rewards additionally include extra helpful perks general. 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 companies.

Card options

intro_apr_rate,intro_apr_duration	intro_apr_rate,intro_apr_duration	intro_apr_rate,intro_apr_duration

Backside line 

You’ll be able to in all probability do higher than the card_name. The cardboard seems to be a powerful money again bank card for those who have a look at its rewards charges, options, and costs on their very own. Nevertheless, the worth actually falls aside if you examine it to comparable rewards bank cards in the marketplace in the present day. The very fact is, another playing cards provide higher rewards potential and comparable intro APR gives with no annual price. Actually, a number of prime playing cards provide the next flat cash-back fee of two% money again on all purchases or bonus rewards classes you may maximize over time.

Alternatively, 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 if you use them for purchases outdoors the US.

Continuously 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 stability transfers. This card additionally works effectively for individuals who journey because it would not cost overseas transaction charges.

Is it exhausting to get the card_name?

The card_name could also be tougher to get because it’s marketed to customers with wonderful credit score. In case your credit score rating wants some work, look into bank cards for honest credit score or bank cards for low credit as a substitute.

Is card_name a great bank card for constructing credit score?

The card_name stories your balances and funds to the three credit score bureaus, so it is an amazing card for constructing credit score over time.

What’s the restrict on a card_name?

The bottom attainable restrict on the card_name is $300, but candidates with wonderful credit score and excessive incomes can get a credit score restrict of $5,000 or extra.