The bank card market is flooded with money again bank cards proper now, and the card_name is likely one of the higher choices with no annual payment. This card’s versatile redemption choices make it a superb choice for individuals who do not need to get caught with rewards they can not use, and the flat incomes price makes it a strong alternative for individuals who dislike difficult rewards packages.
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
If you happen to’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 depart you higher off.
TIME’s Take
The card_name is value contemplating when you have wonderful credit score and need to earn rewards for spending with no annual payment. 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 steadiness transfers makes the card_name an inexpensive card to hold—a minimum of for the primary 15 months.
That stated, the cardboard’s rewards price is not as excessive as you may discover with some opponents. The dearth of bonus classes additionally means there isn’t any good method to maximize rewards aside from spending more cash on purchases.
Professionals & cons
Professionals:
- Earns flat-rate rewards (1.5% money again) on all purchases
- Earns 5% again on motels and rental vehicles booked by way of Capital One
- No annual payment 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
- “Wonderful” credit score required
Who’s the cardboard for?
As a result of the card_name presents a flat price 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 quite a lot of problem and stress. The identical applies in terms of redeeming rewards since redemption choices are simple to grasp. For instance, you may redeem rewards earned with this card for money again, assertion credit, present playing cards, and even purchases by way 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 does 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 are simple to grasp. Listed below are the principle options it is best to learn about:
Money again rewards
The card_name presents an infinite flat price of 1.5% money again on all purchases, plus 5% again on motels and automotive leases booked by way 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 invaluable 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 does not cost foreign-transaction charges while 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 way 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 may increasingly 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 once 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 presents extra prolonged guarantee safety on eligible gadgets that already include a producer’s guarantee.
Journey accident insurance coverage
Mechanically get journey accident insurance coverage without charge while 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 providers 24 hours a day and 7 days per week. This hotline offers you specialised help and helps with reserving dinner reservations, journey, and extra.
The effective print
This card_name is pretty freed from effective print and “gotchas,” however there are some phrases and circumstances you may need to perceive.
Rates of interest
Whereas the intro APR provide on the card_name is sweet, do not forget that this provide will not final without end. 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 may help you pay down debt sooner and get monetary savings on curiosity, but a balance_transfer_fees balance-transfer payment applies.
Further charges to be careful for embrace:
- Money advance payment of cash_advance_fee.
- Late fee payment of late_payment_fee.
What might be improved?
Whereas the card_name appears to have lots going for it at first look, you may see the place this card comes up quick while you take the time to take a look at its opponents. For starters, there are money again bank cards with increased flat incomes charges. 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 common bonus classes.
Some money again bank cards with higher rewards additionally include extra invaluable perks total. For instance, cardholders with the card_name get entry to buy safety in opposition to injury 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 alternate options
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SPECIAL OFFER: Limitless Matched Money Again. Supply ending quickly. |
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Backside line
You may most likely do higher than the card_name. The cardboard seems to be a formidable money again bank card in case you have a look at its rewards charges, options, and costs on their very own. Nevertheless, the worth actually falls aside while you examine it to comparable rewards bank cards in the marketplace at the moment. The actual fact is, another playing cards provide higher rewards potential and comparable intro APR presents with no annual payment. 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 may maximize over time.
However, the card_name does not cost overseas transaction charges. This helps it stand out amongst different playing cards that cost charges of round foreign_transaction_fee while you use them for purchases exterior the USA.
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
Steadily requested questions (FAQs)
Is card_name value getting?
The card_name is value getting if you need flat-rate money again with no annual payment, or if you need an intro APR provide for purchases and steadiness transfers; reg_apr,reg_apr_type after that; steadiness switch payment applies. This card additionally works effectively for individuals who journey because it does not cost overseas transaction charges.
Is it arduous to get the card_name?
The card_name could also be harder 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 very bad credit as a substitute.
Is card_name a superb bank card for constructing credit score?
The card_name experiences your balances and funds to the three credit score bureaus, so it is an important card for constructing credit score over time.
What’s the restrict on a card_name?
The bottom potential 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.