June 23, 2024

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 charge. This card’s versatile redemption choices make it an excellent choice for individuals who do not need to get caught with rewards they cannot use, and the flat incomes fee 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

Professionals:

  • Earns flat-rate rewards (1.5% money again) on all purchases
  • Earns 5% again on lodges and rental vehicles booked via Capital One
  • No annual charge and no overseas transaction charges
  • Beneficiant welcome supply
  • Versatile redemptions for rewards
  • Intro APR supply for purchases and stability transfers

Cons:

  • Some flat-rate playing cards supply the next fee
  • No travel-specific advantages
  • Few different cardholder perks
  • “Wonderful” credit score required

In the event 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 may depart you higher off.

TIME’s Take 

card_name

The card_name is price contemplating if in case you have glorious credit score and need to earn rewards for spending with no annual charge. 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 supply for purchases and stability transfers makes the card_name an inexpensive card to hold—at the least for the primary 15 months.

That stated, the cardboard’s rewards fee is not as excessive as you will discover with some opponents. The shortage of bonus classes additionally means there is no good technique to maximize rewards aside from spending more cash on purchases.

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

Earns flat-rate rewards (1.5% money again) on all purchases

Some flat-rate playing cards supply the next fee

Earns 5% again on lodges and rental vehicles booked via Capital One

No travel-specific advantages

No annual charge and no overseas transaction charges

Few different cardholder perks

“Wonderful” credit score required

Versatile redemptions for rewards

Intro APR supply for purchases and stability transfers

Who’s the cardboard for? 

As a result of the card_name provides a flat fee of 1.5% money again on all purchases with out complicated bonus classes or rewards caps to maintain observe of, this card is for individuals who need to earn rewards with out quite a lot of problem and stress. The identical applies with regards to redeeming rewards since redemption choices are simple to grasp. For instance, you’ll be able to redeem rewards earned with this card for money again, assertion credit, present playing cards, and even purchases via Amazon.com or PayPal.

Nevertheless, it is vital to notice that Capital One says this card is for folks with “glorious credit score.” Whereas the cardboard issuer does not listing a minimal credit score rating to be authorised, 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 also can 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 primary options you need to find out about:

Money again rewards

The card_name provides an infinite flat fee of 1.5% money again on all purchases, plus 5% again on lodges and automobile leases booked via 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 supply

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 supply makes this card useful 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 once 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 (via 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 occasionally 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 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 provides further prolonged guarantee safety on eligible gadgets that already include a producer’s guarantee.

Journey accident insurance coverage

Routinely get journey accident insurance coverage without charge once you use your bank card to pay for a standard 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 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 will need to perceive.

Rates of interest

Whereas the intro APR supply on the card_name is sweet, do not forget that this supply will not final ceaselessly. After the intro_apr_duration, you will 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 quicker and get monetary savings on curiosity, but a balance_transfer_fees balance-transfer charge applies.

Further charges to be careful for embrace:

  • Money advance charge of cash_advance_fee.
  • Late cost charge of late_payment_fee.

What could possibly be improved?

Whereas the card_name appears to have loads going for it at first look, you will see the place this card comes up quick once you take the time to have a look at its opponents. 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 supply 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 useful 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 companies.

Card alternate options

card_name
card_name
card_name

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 most likely do higher than the card_name. The cardboard seems to be a powerful money again bank card if you happen to have a look at its rewards charges, options, and charges on their very own. Nevertheless, the worth actually falls aside once you examine it to related rewards bank cards available on the market immediately. The very fact is, another playing cards supply higher rewards potential and related intro APR provides with no annual charge. In truth, a number of prime playing cards supply the next flat cash-back fee of two% money again on all purchases or bonus rewards classes you’ll be able to maximize over time.

Alternatively, 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 once you use them for purchases exterior the US.

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

Professionals:

  • Earns flat-rate rewards (1.5% money again) on all purchases
  • Earns 5% again on lodges and rental vehicles booked via Capital One
  • No annual charge and no overseas transaction charges
  • Beneficiant welcome supply
  • Versatile redemptions for rewards
  • Intro APR supply for purchases and stability transfers

Cons:

  • Some flat-rate playing cards supply the next fee
  • No travel-specific advantages
  • Few different cardholder perks
  • “Wonderful” credit score required

Continuously requested questions (FAQs)

Is card_name price getting?

The card_name is price getting if you’d like flat-rate money again with no annual charge, or if you’d like an intro APR supply for purchases and stability transfers. This card additionally works properly for individuals who journey because it does not cost overseas transaction charges.

Is it onerous to get the card_name?

The card_name could also be harder to get because it’s marketed to shoppers with glorious credit score. In case your credit score rating wants some work, look into bank cards for truthful credit score or bank cards for unfavorable credit ratings as an alternative.

Is card_name an excellent bank card for constructing credit score?

The card_name stories your balances and funds to the three credit score bureaus, so it is an awesome 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 glorious credit score and excessive incomes can get a credit score restrict of $5,000 or extra.

[randomize]