The Capital One Quicksilver credit card is a solid option for service members who don't spend a lot in a budget category or who prefer a single, easy-to-understand premium rate over multiple fees.
It's also a good option if you're looking for a long launch sale with 0% APR on purchases.balance transfers, a card with no annual fee and an easy-to-get welcome bonus.
With himCapital One Quicksilver Cash PrizesThe credit card offers a solid deal that delivers consistent rewards no matter what you buy.
Capital One Quicksilver Cash Rewards Credit Card Overview
The Capital One Quicksilver Cash Rewards Card offers users plenty of versatility with a competitive 1.5% cashback rate on all purchases. You can also earn a generous 5% bonus when you book travel through the Capital One Travel Portal.
There's also a great introductory offer with 0% APR on purchases and balance transfers for the first 15 months (learn more about that).Top-Balance-Transferkarten). Thereafter, the annual effective interest rate varies between 19.24% and 29.94%.
The introductory 0% APR means service members can make minimum payments on an outstanding balance each month, and the unpaid balance accrues interest-free. This allows you to pay over time without incurring financing costs during the promotional period.
The $200 introductory bonus is activated when you reach a spending level of $500 in the first three months. It's not the biggest bonus, but it's made up for by a small hurdle you have to overcome to earn the reward.
The Quicksilver card also offers several other shopping and travel benefits 24 hours a day. Cardholders can obtain virtual credit card numbers through the Eno Assistant app to protect real card details, and concierge services, extended warranty protection, and travel accident insurance protect you when you're in movement
How Military Personnel Can Benefit From Using the Capital One Quicksilver Card
Under the Military Loan Act, military service members are exempt from annual and other fees (except late payment fees and insufficient funds fees). In addition, the Military Annual Percentage Rate (MAPR) must not exceed 36% and special introductory interest rates must be taken into account.
this is not a problem for themQuicksilver-Karte, but it's good to know what card the military carries.
One of the attractive features of the Quicksilver card for service members is that there is no international transaction fee. This is a huge benefit for those residing outside of the United States. These fees can typically be as high as 3%, which can add up to big savings if the card is regularly used abroad.
The Capital One mobile app allows you to manage your account 24/7 from anywhere. This means that with CreditWise you can pay your bills, view your balance and transactions, and track your balance anytime, anywhere in the world for free.
Capital One Quicksilver Benefits and perks
Service Members can take advantage of these perks and benefits when eligible for a Quicksilver Card:
- Fixed rewards of 1.5% cash back on all purchases with no annual cap. The refund does not expire during the lifetime of the account.
- 5% cash back on travel and related services when you book through Capital One travel website.
- 0% annual fee.
- 0% foreign transaction fees.
- 15-month introductory period with 0% APR on purchases and balance transfers.
- Receive a one-time $200 cash bonus after spending $500 on purchases within three months of opening an account.
- Extended warranty protection automatically doubles the original manufacturer/store warranty on qualifying purchases when you use your card to pay for a product.
- Complimentary concierge and 24/7 roadside assistance at home and on the go.
- Fraud coverage includes $0 fraud liability if your card is lost or stolen.
- Travel accident insurance for damages covered at no additional cost when you use your credit card to purchase your ticket.
- Up to 6 months of free Uber One subscription credits until 11/14/2024
- Virtual credit card numbers can be issued through the Eno Assistant app to protect real card details when shopping online.
Capital One Quicksilver-Kreditlimit
Capital One Quicksilver's credit limit depends on your income, credit history and payment history. Capital One does not publicly disclose minimum or maximum credit limits, but you can qualify for as little as $750 and up to $10,000 or more, depending on your post-approval personal finances.
Once you have a pay balance with Capital One, you can contact them in 6-12 months to see if you qualify for a higher limit.
Capital One Quicksilver Card Pricing and Fees
The APR for the introductory purchase is 0% for purchases made within the first 15 months. Thereafter, the regular effective annual interest rate varies between 19.24% and 29.24%. The introductory APR is also 0% on balance transfers for the first 15 months.
- $0 annual fee.
- 3% transfer fee.
- 3% cash advance fee with a $3 minimum.
- $0 transaction fee for overseas purchases.
- Maximum late fee of $40. There is no maximum late APR penalty.
- Grace period of 25 days for new purchases. No interest will be charged on full payment.
The minimum payment is the greater of $25 or 1% of the balance due plus interest, late fees, and overdue amounts. If the total amount is less than $25, the minimum payment will equal the total amount.
Earn cash rewards with the Capital One Quicksilver Card
The Quicksilver card is a great option for service members when many of your expenses fall outside the usual bonus categories such as: B. Grocery shopping, a variety of online shopping retailers, and bill payments.
You'll receive an unlimited 1.5% cashback on all purchases, which is an enticing bonus if you regularly spend beyond the bonus tier's reward spending limits.
Cardholders also receive 5% cash back on hotels and car rentals booked through Capital One Travel. Capital One keeps it simple, with no specific purchase categories or seasonal income rates to track.
There are no annual earnings limits or expiry dates while the account is open.
New cardholders can earn a $200 cash bonus after spending $500 on purchases within three months of opening an account.
Redeem Cash Rewards with the Capital One Quicksilver Card
Service members can redeem cash back rewards with a check or receive a statement credit. The 1.5% cashback rate means that every dollar you spend earns you 1.5 cents.
Cashback can also cover recent card purchases, online purchases at Amazon.com and PayPal, or gift cards. Cardholders can also redeem rewards for transportationCapitalOneTravel.com.
An added benefit is that service members can automatically receive their cash back at a certain time or cash value each year.
Capital One Cashback also maintains a constant value across all redemption options. This means that when you buy and redeem points on Amazon or PayPal, the cashback retains its full value.
Quicksilver Cash Rewards Credit Card Application
The Capital One Quicksilver Card requires a good to excellent credit score, defined as a FICO score of 670-850 or a VantageScore of 661-850.
Applicants must also have a social security number, a stable income and be at least 18 years old.
Your credit score is an important factor, but several others affect your chances of admission, including income, existing debt load, number of open accounts, recent loan applications, employment status, residential status, and other related factors.
Capital One's Quicksilver Cash Rewards Credit Card Compared to Other Military Cards
See how the Capital One Quicksilver Cash Card compares to other similar cards.
|Capital One Quicksilver Cash Rewards-Karte||Citi Double Cash Card||Wells Fargo Active Cash Card||Evergreen by FNBO credit card|
|$0 annual fee||$0 annual fee||$0 annual fee||$0 annual fee|
|670+ FICO score required for admission||670+ FICO score required for admission||670+ FICO score required for admission||670+ FICO score required for admission|
|1.5% back on all purchases, 5% off travel and rental car purchases, $200 initial welcome offer, 15-month introductory period with 0% APR||Get 2% Unlimited Cashback on All Purchases, Interest Free 18 Month Introductory Balance Transfer APR||2% Cash Back on All Net Purchases, 0% Initial APR for 15 Months, $200 Reward Bonus When You Spend $1,000 in the First 3 Months||Unlimited 2% cashback on every purchase, $200 cash bonus if you spend $1,000 in the first 3 billing cycles, 5% referral fee|
|Variable 19.24 - 29.24% APR for purchases after introductory period||Variable 18.24 - 28.24% APR after introductory period||Variable 19.24%, 24.24% or 29.24% after the induction period||Variable 18.74% and 27.74% TAE|
|To know more||To know more||To know more||To know more|
O Capital One Quicksilver Card vale a pena?
The Capital One Quicksilver Card is a solid option for the military, depending on how they use their funds in their daily lives. It is a simple and competitive cash back card with a decent introductory offer and a 0% introductory APR that is in line with other similar cards.
There are also no annual or foreign transaction fees, which is a huge plus for military personnel on a budget.
As long as you pay off your balance every month and avoid relatively high interest rates on outstanding balances, this could be a solid addition to your wallet.
Military Wallet has partnered with CardRatings for our coverage of credit card products. Military Card and CardRatings may receive a commission from card issuers.
About the author of the post
Ryan Guina is the founder of Portfolio Militar. He is a writer, small business owner, and entrepreneur. He served on active duty with the USAF for over six years and is currently a member of the Illinois Air National Guard.
Ryan founded Portfolio Military in 2007 after retiring from active military service and has since written on finance, small business, and military performance topics.
be represented in; featured in:Ryan's writing has appeared in the following publications: Forbes, Military.com, US News & World Report, Yahoo Finance, Reserve & National Guard Magazine (print and online editions), Military Influencer Magazine, Cash Money Life, The Military Guide, USAA, Go Bank Rates and many other publications.
View author's posts