Quicksilver capital one3/24/2023 ![]() ![]() In the end, it all comes down to which card you can qualify for based on your credit history. Boosting your credit line can lower your credit utilization ratio, which is beneficial for your credit score. To help you build credit, the QuicksilverOne card usually starts with a $300 credit limit (up to $500 if you’re lucky) that will automatically be reviewed for a higher credit limit after six months of timely payments. The lack of big-time rewards doesn’t coax into buying items you wouldn’t normally buy, and its high APR encourages you to make your payments on time and in full. The card’s lack of intro APR, higher regular APR and 1.5% cash back all work to discourage you for splurging on items you cannot afford. Capital One QuicksilverOne: Best for earning cash back while building creditĪs for the Capital One QuicksilverOne, it’s is much easier to get approved for those with fair credit. Tip: If you are worried about qualifying for either the Capital One Quicksilver or QuicksilverOne card, consider looking at prequalified offers to get a better idea of which card is matched to your credit profile. Using this card for all your everyday purchases will give you steady stream of cash back, and it’s the perfect introduction for beginners interested in rewards credit cards. With its sign-up bonus, intro APR period and straightforward rewards, the Capital One Quicksilver is ideal for cardholders who want to easily earn rewards without having to worry about any bonus categories. Capital One Quicksilver: Best for simple and easy rewardsĬapital One requires cardholders to have a good or excellent credit history to be approved for the Quicksilver card. It will also not charge you a returned payment fee. ![]() So, if you miss a payment, Capital One will not charge you a penalty APR – only a late payment fee of up to $40. As for the Capital One QuicksilverOne, it really hones in on helping you build credit. Like many other rewards cards, the Capital One Quicksilver offers other travel benefits like roadside assistance, baggage insurance and fraud coverage. Like all Capital One cards, these cards give you access to the CreditWise feature, letting you view and track your credit score for free. Holders of both cards are free to earn cash back domestically and overseas without limitations. Neither the Quicksilver nor the QuicksilverOne carry a foreign transaction fee. However, the QuicksilverOne’s flat cash back rate makes it quite easy (spend $2,600 in a year) to make up for that annual fee. It’s a relatively low annual fee (compared to the more common $95), but it could be difficult to budget for if you’re still recovering from major debt. The Capital One QuicksilverOne, on the other hand, does charge an annual fee of $39. When also factoring in the card’s sign-up bonus, cash back rate and intro APR period, you see that you get lots of benefits for no cost at all. Annual feeĪs previously stated, the Capital One Quicksilver does not charge an annual fee. The Capital One Quicksilver is great for those with a little credit debt or for those planning for a big purchase, like a washer and dryer. The 0% intro APR lasts 15 months, then the regular variable APR of 16.49% to 26.49% will kick in. Unlike the QuicksilverOne card, the Quicksilver also offers an introductory APR on new purchases and balance transfers, as well as a lower APR overall, which makes the card a better choice if you’re planning to carry a balance. That extra bonus is pretty standard for no-annual-fee cash back cards like the Quicksilver and definitely gives it an edge over the Capital One QuicksilverOne. The Quicksilver does have a sign-up bonus, allowing new cardholders to earn an extra $200 after spending $500 within the first three months of opening a new account. You can find other cards with rates higher than 1.5%, but you’ll sacrifice redemption simplicity to get there. The Capital One Quicksilver is a great option for rewards card rookies. ![]() You can redeem cash at any amount at any time – as well as redeem cash for statement credits, checks, gift cards and more. The cards provide redemption flexibility, as well. Neither card has earning limits, and your cash back won’t expire for the life of the account. Compared to similar cash back options, the 1.5% rate is competitive among average rates with no rotating categories. You can use either card at this rate without having to enroll in or track rotating categories. Both cards carry a flat 1.5% cash back rate on all purchases every day. If you’re looking for a simple cash back card that will reward you for every purchase, either the Capital One Quicksilver or QuicksilverOne can be a good choice. Estimated yearly rewards value (for someone who spends $15,900) ![]()
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