Monday, August 8, 2022

Is Capital One Quicksilver Visa Or Mastercard

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Currently Available Welcome Bonus

Capital One Quicksilver Card

As a new cardholder, you may receive $200 in cash rewards after spending only $500 in the first three months on purchases.

A $200 sign-up incentive is comparable to other no-annual-fee cashback cards. While this is hardly a cash-back bonanza, it is a manageable paycheck given that the $500 spending threshold is often one of the lowest.

Ratio of cash rewards

Capital One Quicksilver is an excellent example of a flat-rate cash-back card, which is the most straightforward and accessible sort of rewards credit card as compared to bonus category cards.

A card like Quicksilver may be ideal if you desire a simplified rewards experience over one that requires more care.

However, you must exercise caution because, despite its appearance as a beginner credit card, it requires strong to excellent credit to qualify.

Capital One also offers several other solid options if youre building credit or already have fair credit, including the Capital One QuicksilverOne Cash Rewards Credit Card, which offers the same rewards rate as the Quicksilver but requires a $39 annual fee.

Acquiring cashback

The Quicksilver is an excellent rewards card if you have a lot of costs that go outside the standard bonus categories, such as superstore purchases, internet shopping, and bill payments.

The cards unrestricted 1.5 percent cash back on all purchases might make it a valued companion, especially if you consistently spend beyond the incentive spending restrictions for bonus categories.

Capital One Quicksilver Foreign Transaction Fee The Easy Guide

Wise

Who doesnt love a vacation to a new country? We all enjoy the sights, sounds, smells, and tastes of a foreign locale. But nobody loves racking up foreign transaction fees on their credit card. And that can happen with the wrong credit card. Its better to spend your money on skis, not fees.

A foreign transaction fee is a percentage added to a credit card purchase in a foreign country. That may not be much when applied to a baguette, but it adds up quickly over the course of a vacation, especially when you factor in bigger-ticket items like train tickets and car rentals. Savvy travelers will want to choose a credit card that lets them journey through the world without hitting them with an extra fee for every card swipe.

This article breaks down the Capital One Quicksilver card, its rewards and fees , and then offers pointers about foreign currency exchange. Lets dive in.

Well cover the following topics.

  • Capital One Quicksilver Credit Card Foreign Transaction Fees
  • What other fees do I need to know about?
  • Dynamic currency conversion

What Other Fees Do I Need To Know About

Foreign transaction fees are an understandable concern for frequent travelers. But theyre not the only fee to be aware of. Credit cards are a helpful personal finance tool, but they can come attached with additional fees in addition to foreign transaction fees. Some typical fees are an annual fee , a penalty fee charged on late payments or payments that the bank returns, cash advance fees, and balance transfer fees.

But theres another sneaky type of fee that can eat into your travel budget, and thats currency exchange rates. Foreign countries use different currencies than your home country, obviously. So in order to spend money in another country, you have to have your cash changed into cash in the local currency. You can do this ahead of time at a local bank, at a kiosk at the airport, or a currency exchange business in the city in which you arrive. Exchange rates are in a constant rate of fluctuation, so its helpful to have an objective resource that can tell you the current rate for a currency pair, like USD/EUR . You can find the real exchange rate of a currency pair by searching it on Google, or by using Wises helpful currency converter.

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Is The Capital One Quicksilver Cash Rewards Card For You

The Capital One Quicksilver card is a decent option, especially in the first year when you have access to a welcome bonus, and a 0% intro APR on purchases and balance transfers for 15 months 15.24% – 25.24% variable APR after that. There’s a 3% fee on the amounts transferred within the first 15 months and easy flat-rate earnings. Afterward, the card may still be worth carrying considering there are None foreign transaction fees which is a rare feature for credit cards with a $0 annual fee.

Capital One Quicksilver Student Cash Rewards Credit Card

Capital One Quicksilver Credit Card Student Review
  • Whether you’re at a 4-year university, community college or other higher education institution, this card might be an option for you
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Enjoy no annual fee, foreign transaction fees, or hidden fees
  • You can help build your credit with responsible use of a card like this
  • No rotating categories or sign-ups needed to earn cash rewards plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • Be automatically considered for a higher credit line in as little as 6 months
  • $0 fraud liability if your card is ever lost or stolen
  • Set up Autopay for your account and your payments will be made automatically every month

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Capital One Quicksilverone Cash Rewards Credit Card

  • Earn unlimited 1.5% cash back on every purchase, every day
  • Earn cash rewards without signing up for rotating categories
  • Be automatically considered for a higher credit line in as little as 6 months
  • Monitor your credit profile with the CreditWise® app, free for everyone
  • $0 fraud liability if your card is ever lost or stolen
  • No limit to how much cash back you can earn, and cash back doesn’t expire for the life of the account
  • Help strengthen your credit for the future with responsible card use
  • Get customized alerts and manage your account with the Capital One mobile app

Capital One Quicksilver Cash Rewards Card Benefits

  • Extended Warranty: Automatically doubles the original manufacturers/stores warranty on eligible purchases when you use your eligible card to pay for a product.
  • Complimentary Concierge Service: Enjoy assistance 24 hours a day, from home and when you travel.
  • Fraud Coverage: Youre covered by $0 Fraud Liability if your card is ever lost or stolen.
  • Travel Accident Insurance. Get automatic insurance for a covered loss at no extra charge when you use your credit card to purchase your fare.

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Capital One Quicksilver Credit Card Foreign Transaction Fees The Basics

The ideal credit card for travelers abroad is one that doesnt include a foreign transaction fee. Capital One offers an array of cards, some with foreign transaction fees, and some with none. The table below breaks down the fees and rewards for the Capital One Quicksilver card.

Card Name

  • $150 cash bonus once you spend $500 within 3 months.
  • 1.5% cash back on all purchases.

None None

As you can see, the Capital One Quicksilver card is a wonderful option for a travel credit card. First, it offers nice rewards perks, in the form of both a $150 cash bonus for spending $500 within three months, and 1.5% cash back on every purchase. It also doesnt carry an annual fee or a foreign transaction fee. If you want to start using a new card for an upcoming trip, this is a great option.

Better Than Average Customer Service

Capital One QUICKSILVER Card Review | Automatic CashBack

The Quicksilver card is issued by Capital One, which has a decent reputation with its customers. Capital One as an issuer scored an 808 on the 2020 J.D. Power Credit Card Satisfaction Study, putting it in fifth place out of 11 major issuers. The bank offers round-the-clock live customer service for credit card customers and includes an online chat service on its website , making it easier to get ahold of an agent when you have a problem. Furthermore, the Capital One mobile app rates very well with users, scoring a 4.8 out of 5 on the Google Play Store and 4.7 out of 5 on the Apple Store.

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Capital One Quicksilver Cash Rewards Credit Card Vs Chase Freedom Flex

If youre looking for an all-purpose card that earns elevated rewards across a broad swath of categories, the Chase Freedom Flex could be the needle in the haystack youve been searching for. For an annual fee of $0, the card offers 5% cash back on up to $1,500 in categories that rotate quarterly , 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores and 1% on all other purchases.

Rewards come as Chase Ultimate Rewards®, a highly flexible currency that can be redeemed for cash back, travel, gift cards, merchandise or combined with rewards earned from a Chase Sapphire Preferred® Card or Chase Sapphire Reserve® card and transferred to one of Chases travel transfer partners.

How To Redeem Capital One Rewards

Redemptions on all the cards are pretty simple. You can redeem your Savor or Quicksilver cash back as a check, set up automatic redemptions at a set time or at specific cash thresholds or redeem it for statement credits or gift cards.

With the Venture X, Venture or Spark Miles, you can receive a statement credit for the cost of travel booked with either card. You can also book a flight, car rental or hotel through the Capital One Travel Portal and use your miles to pay for them. Additionally, you can transfer your miles to airline or hotel partners in increments of 1,000 Capital One miles and then use the partner program to book a hotel stay or flight.

Here is a quick rundown of the loyalty programs you can transfer miles to with Capital One:

  • Aeromexico Club Premier

The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site . This site does not include all credit card companies or all available credit card offers. Please view our for more information.

Editorial Note: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Capital One Savorone Student Cash Rewards Credit Card

  • Whether you’re at a 4-year university, community college or other higher education institution, this card might be an option for you
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores , with 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023
  • Enjoy no annual fee, foreign transaction fees, or hidden fees
  • You can help build your credit with responsible use of a card like this
  • No rotating categories or sign-ups needed to earn cash rewards plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • Be automatically considered for a higher credit line in as little as 6 months
  • $0 fraud liability if your card is ever lost or stolen
  • Set up Autopay for your account and your payments will be made automatically every month
$0

Capital One Quicksilver Cash Rewards Credit Card Vs Capital One Ventureone Rewards Credit Card

Capital Credit Cards

Verdict: Potentially more rewarding if you use Capital One’s transfer partners

The Capital One VentureOne Rewards Credit Card is another $0-annual-fee credit card from Capital One that’s generally less rewarding than the Capital One Quicksilver Cash Rewards Credit Card. It has a similar initial welcome offer, but only earns 1.25 Miles per dollar on every purchase, every day.

However, you can get extra value with this card if you transfer miles to Capital One’s transfer partners. With a lot of extra legwork, it’s possible to get a better value than 1.5% back with the right transfer partner.

How does it compare?

  • Annual fee: $0
  • Welcome bonus: Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
  • Cash back percent: 1.25 Miles per dollar on every purchase, every day
  • Other benefits: APR of 0% intro on purchases for 15 months followed by a 14.99% – 24.99% APR, None foreign transaction fees

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What Is The Difference Between Quicksilver And Quicksilverone

Both of these Capital One cards provide the same unlimited cash back flat rate on all purchases. The major difference between the two is that Quicksilver is designed for consumers with good-to-excellent credit, and the Capital One QuicksilverOne Cash Rewards Credit Card competes for folks with average credit, fair credit, or worse.

Given the different audiences, you would expect Quicksilver to offer many features that QuicksilverOne doesnt, and youd be right. QuicksilverOne jettisons the signup bonus and 0% introductory APR found with the Quicksilver card.

While its not surprising that the QuicksilverOne has a higher regular purchase APR, it also charges an annual fee. The reason for both is the higher risk Capital One accepts when approving QuicksilverOne to bad credit consumers. By charging more interest and fees for obtaining and using QuicksilverOne, Capital One helps cushion itself from loss due to account defaults.

Only the Quicksilver is a World Elite Mastercard®, a designation that comes with a benefits bonanza that QuicksilverOne cant approach. Think of QuicksilverOne as a card that can help you improve your credit score by allowing you to demonstrate creditworthy behavior paying your bill on time, keeping your balance low, and not exceeding your credit limit.

Capital One And World Elite Mastercard Benefits

The simplicity of the Quicksilver rewards structure is augmented by the rich collection of benefits the card bestows upon its owners. As a World Elite Mastercard®, the card provides the following:

Beyond the rewards that accompany any World Elite Mastercard, the Capital One Quicksilver Cash Rewards Credit Card also provides:

  • $0 fraud liability.
  • Access to Eno, the Capital One assistant that supports virtual account numbers and reports potentially mistaken, unexpected, and duplicate payments.
  • Instant purchase notifications.
  • alerts to credit report changes.
  • Visibility of the recurring merchants that store your card online.
  • Autopay for automatic card payments every month.
  • Tracking of spending by authorized users.

It boggles the mind that the Capital One Quicksilver Cash Rewards Credit Card gives you this cornucopia of benefits for no annual fee.

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Capital One Quicksilver Review: More Details

Before you apply for the Capital One Quicksilver Cash Rewards Credit Card, you should ask yourself: What kind of cardholder am I? Are you someone with good to excellent credit, who pays bills on time, but has little time or patience for credit card upkeep or for juggling more than one card at once? Or, are you willing to pour time into your cards to earn extra cash back?

For cardholders who want to keep things simple, the Quicksilver card is a good choice. But cardholders ready to go the extra mile with their credit cards may be majorly missing out with this all-too-simple cash back card. Read on to see why.

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Capital One Quicksilver Credit Card One

Capital One Quicksilver vs. Savor | Which Credit Card is Best?

Youll earn a $200 cash bonus once you spend $500 on purchases within 3 months from account opening.

In other words, youd only need to spend only an average of $167 per month during the first three months you own the card in order to earn the incentive. Thats an achievable pace of purchases even if youre not a big spender.

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Is The Capital One Quicksilver Student Cash Rewards Credit Card Right For You

The Capital One Quicksilver Student Cash Rewards Credit Card is an excellent choice for a first credit card if youre a current college student, or youre planning to start your studies within the next three months. It earns better rewards than you may find on some other student cards, charges a $0 annual fee, and has a foreign transaction fee of none. Plus, if you keep utilization low and always pay on time, you can use this card to build a good credit score, which will come in handy after graduation.

If you want to earn a higher cash back rate or perhaps need a short intro APR period on purchases, the Discover it® Student Cash Back is another student card worth considering. But unlike the Capital One Quicksilver Student Cash Rewards Credit Card, the Discover it® Student Cash Back will require you to activate rotating cash back categories each quarter.

If you prefer a card with no rotating categories or spend caps, the Capital One Quicksilver Student Cash Rewards Credit Card could be a better fit.

Capital One Savorone Cash Rewards Credit Card

  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores , plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023
  • No rotating categories or sign-ups needed to earn cash rewards plus cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months 14.99% – 24.99% variable APR after that
  • No foreign transaction fee
$0

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Is Capital One Quicksilver A Visa Or Mastercard Credit Card

Capital One Quicksilver is a Visa or MasterCard credit card. Capital One issues either a MasterCard or a Visa credit card or a debit card.

Capital One Quicksilver is a Visa or MasterCard credit card. Capital One issues cards on both networks, but there is no option to select the network for your new card.

Your new cards network is not determined by your credit score, card conditions, incentives, or credit limits.

A card network is simply the organization that assists in the processing of credit card transactions and establishes the locations where a card is accepted.

Capital One offers both Visa and MasterCard credit cards. Visa and MasterCard are card networks, as opposed to Capital One, which is a bank.

That is, Visa and MasterCard do not issue credit cards but rather assist in the processing of their transactions and give certain ancillary advantages.

The Capital One Savor Cash Rewards Credit Card is the greatest Capital One MasterCard. It provides a $300 prize for spending $3,000 in the first three months.

Additionally, it offers 4% cash back on eating, entertainment, and popular streaming services, 3% cash back at grocery shops, and 1% cash back on all other transactions through January 2023, as well as 8% cash back on tickets at Vivid Seats. It charges a one-time cost of $95 every year.

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