Quicksilver Card Cash Back: A Comprehensive Guide to Earning

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The Quicksilver Card cash back rewards program offers a generous 5% cash back on gas purchases, up to a quarterly maximum of $6,000 in combined purchases in categories such as gas stations, grocery stores, and restaurants.

To earn the 5% cash back, you'll need to activate the offer each quarter by logging into your account on the Chase website or mobile app.

The Quicksilver Card also offers 3% cash back on dining and transportation purchases, such as flights and hotels, and 1% cash back on all other purchases.

These categories include purchases at supermarkets, drugstores, and other retailers, making it easy to earn cash back on everyday expenses.

Advantages and Disadvantages

The Capital One Quicksilver card is a solid choice for earning cash back rewards, but like any credit card, it has its advantages and disadvantages.

Earning a flat 1.5% cash back on all purchases is a great choice if you're tired of trying to keep track of bonus categories or earning caps on other credit cards.

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You can redeem your rewards for a check in the mail, a statement credit, gift cards, or purchases made through Amazon.com or PayPal, making it a flexible option.

One of the biggest advantages is the introductory APR offer, which makes it easy to save money on interest as you pay down large purchases or consolidate debt.

The Capital One Quicksilver card's 15-month introductory offer is a decent runway to pay down debt or break a large purchase into installments.

However, the potential opportunity cost of choosing the Capital One Quicksilver is a significant downside.

If you're looking for a higher cash back rate, there are cards that offer 2% cash back on all purchases with no annual fee.

You'll earn $150 in rewards for every $10,000 you spend on the Capital One Quicksilver, compared to $200 in rewards for meeting the same spending threshold on a 2% cash back card.

The Capital One Quicksilver's cash back rewards can be converted into travel rewards when paired with another travel credit card, but not all 2% cash back cards offer this option.

Features and Benefits

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The Capital One Quicksilver Cash Rewards Credit Card offers a range of features and benefits that make it an attractive option for those seeking simplicity and easy rewards. The card comes with no annual fee, which means you don't have to worry about keeping it for several years.

You can earn a one-time cash bonus of $200 once you spend $500 on purchases within the first 3 months, and enjoy unlimited rewards of 1.5% cash back on all purchases. The intro APR for purchases and balance transfers is 0% for the first 15 months, after which it's 19.74% - 29.74% Variable based on your credit rating.

The card also offers redemption options, including cash back, Amazon.com purchases, and more. Plus, with no foreign transaction fee, you can use it for travel without worrying about extra charges.

Shopping and Travel Benefits

The Capital One Quicksilver Cash Rewards Credit Card offers new cardholders Mastercard World Elite benefits that can protect purchases and travel experiences. These benefits provide a level of security and peace of mind when making transactions.

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With Mastercard World Elite benefits, you can enjoy shopping and travel benefits that help protect your purchases and travel experiences. This includes purchase protection, return protection, and travel assistance services.

Here are some key shopping and travel benefits you can look forward to:

These benefits can be a huge relief when unexpected situations arise during travel or shopping.

Best Unlimited

If you're looking for a cash back credit card with no annual fee, you're in luck. The Capital One Quicksilver Cash Rewards Credit Card has no annual fee and offers 1.5% unlimited cash back on all purchases.

No matter what you buy, you'll earn 1.5% cash back with no limit on how much you earn. This means you can earn a significant amount of cash back over time.

Some credit cards offer rotating bonus categories, but the Capital One Quicksilver Cash Rewards Credit Card is a great option if you want simplicity. You'll always know how many points you're earning, and you'll never be limited by quarterly purchase limits.

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Here are some of the best unlimited cash back credit cards on the market:

These cards offer great rewards rates and intro APRs, and are a great option if you want to earn cash back on all your purchases.

Sign-Up and Incentives

The Capital One Quicksilver Cash Rewards Credit Card is a great option for those looking for a solid welcome offer. The sign-up bonus is a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.

You don't have to be a big spender to meet the requirements for the sign-up bonus. In fact, most people easily have $500 in regular expenses they could put on a credit card every three months – groceries alone would do it for the average household.

The bonus is basically free money, and it's a great incentive to get you started with the card. To make sure you get the bonus, just spend $500 on purchases within 3 months from account opening.

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Here's a breakdown of the sign-up bonus and incentives:

The Capital One Quicksilver Cash Rewards Credit Card is a great option for those looking for a solid welcome offer and a chance to earn some free money.

Rewards and Cashback

The rewards and cashback on the Capital One Quicksilver Cash Rewards Credit Card are straightforward and generous. You'll earn 1.5% cash back on all purchases, which can add up quickly if you use the card for most of your spending. Rewards can be redeemed at any amount for cash back, statement credit, or gift cards, and they don't expire as long as your account is open and active.

There are no rotating categories or purchase limits to keep track of, making it easy to earn rewards. You can also earn unlimited 5% cash back when booking hotels or rental cars through Capital One Travel.

One of the benefits of this card is its simplicity. You'll always know how many points you're earning, and you can redeem your cash back at any time. This means you can plan your rewards redemption around your needs, rather than having to worry about quarterly limits or categories.

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Here are some key rewards and cashback details:

Overall, the rewards and cashback on the Capital One Quicksilver Cash Rewards Credit Card are generous and easy to understand, making it a great choice for anyone looking for a simple and rewarding credit card experience.

Fees and Charges

The Capital One Quicksilver Card Cash Back has some important fees and charges to be aware of.

You won't pay any foreign transaction fees, which is a big plus for international travelers. No foreign transaction fees means you can save money on purchases made outside the U.S.

The card has a 0% intro APR for the first 15 months on purchases and balance transfers, but after that, the APR will be 19.74% - 29.74% Variable, based on your creditworthiness.

You'll be charged a 3% balance transfer fee for transfers made at a promotional APR, but none for balances transferred at the regular APR.

Cash advances come with a fee of $10 or 3% of the amount, whichever is greater.

Price Protection

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Price protection is a rare benefit that can save you money, but it's not a guarantee.

You can get reimbursed for the difference in cost of an item up to $250 per claim if you see it advertised at a lower price within 120 days of purchase with certain credit cards.

If you use a Capital One Quicksilver Cash Rewards Credit Card, you can make a maximum of four claims within a 12-month period.

This means you have some flexibility to use the price protection benefit without worrying about running out of claims too quickly.

The key to getting the most out of price protection is to keep an eye out for lower prices within the 120-day window.

It's not a foolproof system, but it can be a useful tool for saving money on big-ticket items.

Trip Cancellation Insurance

Trip Cancellation Insurance is a valuable benefit offered by some credit cards, including the Capital One Quicksilver Cash Rewards Credit Card. If you've charged your travel fare on this card, you'll be covered up to $1,500 per trip for qualified cancellations. This means you can rest assured that your trip investment is protected in case of unexpected events.

Rates and Fees

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The rates and fees associated with credit cards can be overwhelming, but let's break it down. The Capital One Quicksilver Cash Rewards Credit Card has a 0% intro APR for the first 15 months on purchases and balance transfers. This is a great opportunity to save money on interest charges.

After the intro period ends, the APR will be 19.74% - 29.74% Variable, based on your creditworthiness. The APR will vary with the market based on the Prime Rate. This means that your interest rate could go up or down depending on the economy.

One thing to keep in mind is that the APR for cash advances is significantly higher at 29.74% Variable. This is a good reminder to only use cash advances in emergency situations.

If you pay your entire balance by the due date each month, you won't be charged interest on purchases. This is a great way to avoid interest charges and save money.

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Here's a breakdown of the fees associated with the Capital One Quicksilver Cash Rewards Credit Card:

  • Balance Transfer: 3% of the amount of each transfer that posts to your account at a promotional APR, or none for balances transferred at the regular APR.
  • Cash Advance: $10 or 3% of the amount of each cash advance, whichever is greater.
  • Foreign Purchase Transaction: None.
  • Late Payment: Up to $40.

Use It for Everything Else

The Capital One Quicksilver Cash Rewards Credit Card is a versatile card that can be used for everyday purchases. It offers unlimited cash back at 1.5% for all purchases, making it a great option for buying groceries, gas, and other household items.

You can earn a one-time cash bonus of $200 cash if you spent $500 or more within the first three months. This is a great incentive to use the card for big-ticket purchases.

The card features no annual fees, so you won't have to worry about extra charges for using it. You can also earn cash back on foreign transactions, which is great for traveling.

The cash advance fee is either $10 or 3% of the amount of each cash advance, whichever is greater. This means you should only use the card for cash advances in emergency situations.

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You can redeem your cash back rewards at any time, with no minimum redemption amount. This means you can get cash back on small purchases, like a coffee or a book.

The card also comes with a number of travel protections and benefits, including reimbursement for up to $1,500 per trip for things like sickness or injury. This can give you peace of mind when traveling.

Reviews and Recommendations

The Capital One Quicksilver Cash Rewards Credit Card has received high praise from experts, with an overall rating of 4.5/5.

Its regular APR is 4.0, which is relatively low. The intro APR is 5.0, making it a great option for those who want to make a large purchase and pay it off over time.

One of the standout features of this card is its cash back program, which is considered one of the most flexible on the market.

The card has no annual fee, making it a great option for those who want to earn cash back without incurring additional costs.

Here are the key benefits of the Capital One Quicksilver Cash Rewards Credit Card at a glance:

The card's sign-up bonus is a one-time $200 cash bonus after spending $500 on purchases within 3 months from account opening.

Frequently Asked Questions

Does Capital One have a 3% cash back card?

Yes, Capital One offers a 3% cash back card, specifically the Capital One Savor card, which rewards cardholders with unlimited 3% cash back at grocery stores, dining, entertainment, and popular streaming services.

How does the Capital One $200 cash back work?

To earn the $200 cash bonus, new cardholders must spend $500 on purchases within three months of account opening. This bonus is a one-time reward for meeting the spending requirement within the specified timeframe.

Can you get cash with Quicksilver card?

Yes, you can get cash with a Quicksilver card by withdrawing it from an ATM. You'll need your card's PIN for the transaction.

Is Capital One Quicksilver Cash Rewards a good card?

The Capital One Quicksilver Cash Rewards Credit Card is a great option for those who want a fee-free card with no foreign transaction fees. It's a solid choice for everyday spending and international travel.

What is the credit limit on the Capital One Quicksilver Cash Rewards card?

The average credit limit for the Capital One Quicksilver Cash Rewards card is $6,489, with $500 being the most common amount. Learn more about the card's features and benefits to see if it's right for you.

Mike Kiehn

Senior Writer

Mike Kiehn is a seasoned writer with a passion for creating informative and engaging content. With a keen interest in the financial sector, Mike has established himself as a knowledgeable authority on Real Estate Investment Trusts (REITs), particularly in the UK market. Mike's expertise extends to providing in-depth analysis and insights on REITs, helping readers make informed decisions in the world of real estate investment.

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