Comparing Capital One Quicksilver Vs Capital One Platinum Card Features
Deciding which card is best for you depends on how high your credit score is and what youre looking for in a credit card. Do you want a cash back card that rewards you for spending, or do you want to improve your credit with responsible use?
|1.5% cash back on general purchases||None|
|$200 cash back when you spend $500 in the first 3 months||None|
|Estimated yearly rewards value||$239|
What Type Of Credit Card Is Quicksilver
The Capital One Quicksilver Cash Rewards Credit Card is a World Elite Mastercard® that pays cash back rewards on all purchases. Weve documented above the many benefits that this type of Mastercard provides, and they include security features, purchase protections, travel insurance, and access to exclusive venues.
As a flat-rate cash back card, Quicksilver can provide unlimited cash rewards. Thats an important plus because many cash back cards with tiered or rotating rewards place limits on how much high-rate reward you can collect in a quarter or a year. You earn Quicksilver rewards automatically, without the fuss of quarterly activations.
As a Mastercard, Quicksilver is widely accepted around the world, second only to Visa. This, in conjunction with its travel benefits, makes Quicksilver a good card when you take a trip abroad.
Potential Earnings In Years One And Two
Here’s a look at how your cash back can add up with the Capital One Quicksilver Cash Rewards Card.
Remember, this is an estimation. The actual amount of cash back you earn will be determined by how much you spend.
Year one earnings: $703
Year two earnings: $503
These values are based on the FinanceBuzz Credit Card Rewards Valuation Model, which takes a look at points earned via spending and the early spend bonus.
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What Brand Is The Capital One Quicksilver Card Mastercard Or Visa
Over on CK, the Capital One Quicksilver card are showing up under my “Recommendations”. I currently have credit scores ranging from 654 to 673 , up by about 100 points from a year ago, and currently have a Capital One secured MC and an Amazon store card , both with decent credit utilization and perfect on-time/over-minimum payment histories, as well as a student loan that I’ve been repaying on time for the last 14 months since my last deferment ended. I’m seriously thinking about applying for this card as I’d like to keep building up my credit to get in position for replacing my car later this year, especially as I just got a promotion at work which will substantially increase my annual salary.
My specific question is, is the Quicksilver a MasterCard or a Visa? The promo image I see over on CK doesn’t show a brand logo and I can’t find any information anywhere definitively saying which one it is. I know the difference between the two payment networks is more cosmetic than real and that the real things to look for are the benefits, terms and conditions offered by the issuing bank, so admittedly I’m probably obsessing on a small point. I guess the real question is is it worth it to try applying for the Quicksilver at this point in rebuilding my credit?
This Card Is Best For
- Seeks to maximize cash back earnings across spending categoriesCash Back Strategist
- Prefers uncomplicated rewards with single rate for all spendingMinimalist
- Resists or refuses an annual fee on principle or due to costAnnual Fee Averse
The Capital One Quicksilver Credit Card is a solid choice for people who either dont spend a lot in any one budget category or prefer one rewards rate instead of multiple rates, depending on the purchase.
Its also a good option if you’re looking for a long introductory 0% APR promotion on purchases.
The cards lack of an annual fee is also appealing for people who are generally fee-averse and dont want to worry about earning enough rewards justify a yearly cost. Just be sure to take time to compare it with other no-annual-fee cards to ensure you pick the right one for you.
Finally, given its absence of a foreign-transaction fee, think about getting the card if you want a cash-back credit card to use abroad. The fees of up to three percent charged by other cards may not seem like a lot, but can add up to a surprisingly high figure over the course of an international trip.
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Re: Quicksilver Mastercard Vs Visa Signature
wrote:quicksilver Mastercard is usually only the quicksilver one which is for those with average credit and carries an annual fee. some members have a quicksilver Mastercard because their account was product changed from something else to a quicksilver.the Quicksilver visa card is a bit harder to qualify for, as it carries no annual fee. the visa signature version of this card is only available if you either start with, or reach a limit of $5,000 or more.
Also, I want to note that you aren’t automatically upgraded once you reach $5k or more. You have to call and have the account upgraded. The limit in itself does not automatically upgrade the card.
Which Card Should You Get
Your credit score will determine which card you’re eligible to apply for. The , which comes with richer benefits, requires good-to-excellent scores. On the other hand, those with fair credit are eligible for the .
If you don’t know which credit card you would qualify for, start by finding out what your credit score is. Your current credit card issuers or bank might also offer free credit scores on their websites.
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Capital One Platinum: Best For Building Credit
Suited for someone building or rebuilding their credit, the Platinum card discourages you from overspending with its lack of a rewards program, intro APR and sign-up bonus. Its high regular APR of 26.99% variable also strongly deters you from carrying over a balance.
Its no-frills features only work to help you develop good credit habits so that once youve finished building up your credit, youll never find yourself in debt again.
In addition, your account is automatically reviewed for a after your first six months of on-time payments, which could benefit your credit score. Since larger credit limits are hard to obtain for consumers with damaged scores, that perk alone is worth a lot.
Like all Capital One credit cards, the Platinum card also waives foreign transaction fees a rare perk for a card aimed at consumers with imperfect credit.
Capital One Quicksilver Cash Rewards Credit Card: A Well
The rewards and benefits aren’t individually the best available, but they stand out when combined.
Jaclyn is a CNET Money editor who found the sweet spot between her love for numbers and words. With several years covering business, personal finance and economics, she has consulted small businesses on their content strategies along the way. She is also experienced in real estate investing and contracts. Her tech interests include Tesla, SpaceX, The Boring Company and Neuralink.
CNET editors independently choose every product and service we cover. Though we can’t review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them. For many of these products and services, we earn a commission. The compensation we receive and other factors, such as your location, may impact how ads and links appear on our site.
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Rewards Rates And Welcome Bonus
Quicksilver Cash Rewards earns you 1.5% cash back on every purchase you make, without limitations. This is a standard flat-rate for cash-back cards . Plus, you can earn 5% cash back on hotels and rental cars booked through Capital One Travel . Some credit cards offer up to 2% cash rewards on purchases, including the picks below like the Wells Fargo Active Cash® Card and Citi® Double Cash Card. Depending on your typical spending patterns, you may be better off choosing a card targeted to earn higher rewards rates on your top spending categories. But flat-rate cards offer simplicity — you don’t have to think about which card you’re using for which transactions to maximize rewards.
The $200 cash bonus welcome offer has the best ratio of spending to bonus on the market. While top welcome bonus cards may net you a higher value overall, the spending threshold of $500 is just a fraction of what other cards require. If you don’t have a hefty budget, this welcome bonus offer is the best value available.
Bankrates Takeis The Capital One Quicksilver Worth It
The Capital One Quicksilver Cash Rewards Credit Card is a popular choice among cardholders who want a straightforward cash back card that earns rewards on all purchases. Other than the possible interest, there are no ongoing fees or bonus categories to worry about. Capital One can even automate the redemption process.
But if you dont mind a bonus category or two, you might be able to rack up more cash back and receive specialized benefits on a different card.
The information about the Wells Fargo Cash Wise Visa® card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.
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Which Card Should You Apply For
If you know you have excellent credit, choose the Capital One Quicksilver Cash Rewards Credit Card. Likewise, if you know you have limited credit, choose the . After a year or two of making on-time payments, you may be able to call Capital One and request your account be upgraded to the Quicksilver card when your credit situation has improved.
If youre uncertain about your credit situation, you can try our free credit score estimator.
Capital One Quicksilver Cash Rewards Credit Card Vs Citi Double Cash Card 18 Month Bt Offer
Verdict: Earns more cash back on all purchases, but doesn’t come with a sign-up bonus
The Citi® Double Cash Card is demonstrably better than the Capital One Quicksilver Cash Rewards Credit Card for ongoing purchases. Cardholders Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
However, the Citi® Double Cash Card doesnt come with any initial welcome offers. As such, you’ll need to spend at least $40,000 on your Citi® Double Cash Card to have the extra 0.5% cash back make up for the welcome bonus on the Capital One Quicksilver Cash Rewards Credit Card.
How does it compare?
- Annual fee: $0
- Welcome bonus: No bonus
- Cash back percent: Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
- Other benefits: Intro APR of 0% for 18 months on Balance Transfers. After that, the APR will be 13.99% 23.99% . No intro APR on purchases.
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Capital One Quicksilver Vs Quicksilverone
Since both the Quicksilver and QuicksilverOne carry are issued by Capital One and carry a base cash back rate of 1.5% on general purchases, its easy to get them confused. Other than their cash back rate, however, the cards are designed for very different consumers.
While the Quicksilver is geared toward applicants with good or better credit, you can qualify for the QuicksilverOne with a limited credit history or an average credit score. The cards also carry much different costs of ownership: The Quicksilver charges no annual fee, while the QuicksilverOne charges a $39 annual fee. The QuicksilverOne also carries no sign-up bonus, charges a higher APR and offers an initial credit limit of just $300, which means you may have a harder time keeping your .
Should You Apply For The Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card is a solid credit card with a $0 annual fee. Instead of earning different rates in bonus categories, it earns unlimited 1.5% Cash Back on every purchase, every day.
When you couple that with a solid welcome bonus, the Capital One Quicksilver Cash Rewards Credit Card can make sense for a lot of consumers, especially those looking for a card with a simple earning and redeeming structure. If you’re not sure if the Capital One Quicksilver Cash Rewards Credit Card is for you, check out our list of the best credit cards with no annual fee.
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Wait For An Unsolicited Increase
The sharp folks at Capital One keep track of all the important parameters that impact the amount of credit they are willing to give you. Creditworthy behavior for an extended period coupled with active use of your Quicksilver card may cause the credit card company to raise your credit limit without you asking for it.
This is especially true if your initial credit limit was low. The minimum credit limit on the Quicksilver card is $300, which is the amount assigned to applicants who just squeeze through the underwriting procedure. The problem for Capital One is that it is unlikely to earn much interest income with such a low credit limit.
Therefore, its in the banks interest to goose your credit limit higher in the hope of getting you to spend more and carry a bigger balance over multiple billing cycles. Weve come across forum reviews in which new cardholders who started with a small credit limit received a substantial increase in only a few months. Thats a faster increase than you could expect by asking for one.
If you have a secured card, you may be invited to convert it into an unsecured one. If you accept, your deposit will be refunded to you, but the credit limit may not necessarily increase.
Capital One Quicksilver Review: A One Card Wallet Champ
Capital One Quicksilver Cash Rewards Credit Card is a popular credit card for those who want a straightforward rewards credit card with a nice set of bonuses for new cardholders. In this comprehensive Capital One Quicksilver Cash Rewards Credit Card review, well see if this cash-back offering is worth including in your wallet.
This credit card is a good fit for: Consumers who want to keep it simple with the same cash back rate on their spending. Those with big purchases coming up or people who want to pay off debt faster this card’s 0% intro APR.
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Re: So Is Capital One Quicksilver Visa Or Mastercard
It can be either. Both of my capital one quicksilvers are Mastercards that were originally platinum Mastercard. The logo for mastercard is on the back of my quicksilvers as well as the number.
There’s no logo when I go on the application page and when I read as I scroll down, it says “Visa or Mastercard benefits.”I’m asking because I’d like to fund my BBVA and for credit BBVA only takes Visa. It’ll be an easy and quick sign up bonus if it’s a Visa. Otherwise, I’ll probably just use my PenFed Power Cash Rewards.
Depending on the card it could be either. Furthermore, Cap1 frequently switches their products back and forth from network to network. It is actually supposed to say on the top of the application page. Which card are you rerring to? I can make it easier on you and provide you with the cards that they are currently issuing as Visa: Venture, VentureOne, Journey, Spark Cash, Spark Cash Select, and Spark Classic. All other Cap1 products are currently being issued as MC.
Request A Higher Limit
If some time has gone by and you havent been treated to an unsolicited limit increase, give the friendly Capital One customer reps a call at 1-800-955-7070. If you make a compelling case, you may get your increase approved right on the spot, but dont be surprised if it takes a few days to get a verdict.
Youll receive written confirmation of the banks decision electronically or through the mail, depending on whether youve agreed to paperless documents. Forum comments suggest Capital One approves many increases without a hard pull of your credit reports. Thats good because hard inquiries can harm your credit score, although the damage is mild and transient.
One argument for a higher credit limit is almost certain to get serious consideration declaring your intention to transfer balances from other cards to consolidate your credit card debt. The argument is especially potent if the other cards arent from Capital One.
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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.