It doesn’t charge an annual fee, making it a viable option for those new to credit. If your credit is in the fair range or you simply don’t have much of a credit history to speak of, the Petal 2 Visa Credit Card (issued by WebBank) could be a better option. Petal® 2 “Cash Back, No Fees” Visa® Credit Card * Of course, your spending is likely to be different, so it’s best to estimate how much you intend to spend on this credit card before you apply.Ĭapital One QuicksilverOne Cash Rewards Credit Card vs. Subtract the card’s annual fee and you’ll still come out ahead. Spending $28,431 on the QuicksilverOne would earn $426.47 in cash back. The 50th percentile of wage-earning households brings in $91,162 annually and has $28,431 in expenses each year that can be charged to a credit card. Rewards Potentialįorbes Advisor uses data from various government agencies to determine both baseline income and spending averages across various categories. You can use your rewards to purchase gift cards through the Capital One site, but the value of your earnings on gift cards may be less than a penny a point depending on the specific redemption, so you’ll typically be better off redeeming for a statement credit or a check. You can also redeem your rewards for travel through. Rewards can be taken as a statement credit or received as a check in the mail, or used to cover a recent purchase. You can redeem your rewards earned through the QuicksilverOne in any amount and at any time and they never expire. The Capital One QuicksilverOne card earns 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. It also offers a 0% intro APR on purchases and balance transfers for 15 months 19.99% - 29.99% variable APR after that 3% fee on the amounts transferred within the first 15 months. If you typically carry a balance, you’d be better off with a card with a lower interest rate, even if it doesn’t offer rewards.īe aware that if your credit is in the good-to-excellent range, you might have a chance at getting approved for the QuicksilverOne’s no-annual-fee sibling, the Capital One Quicksilver Cash Rewards Credit Card ( rates & fees), which earns the same 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. Like most credit cards for those with just OK credit (or worse) it comes with a higher-than-average APR of 30.74% (Variable) on purchases. It’s not all sunshine and blue skies with this card however. Most people will spend more than that over the course of a year on their credit card so you’re likely going to come out ahead even after considering that annual fee. Earning 1.5% cash back on every purchase is on par with other flat-rate cash-back cards on the market.Įven though the QuicksilverOne carries a $39 annual fee, if you spend $2,600 a year you’ll break even. The Capital One QuicksilverOne Cash Rewards Credit Card is one of a small handful of cards designed for those with so-so credit that still offers solid rewards. When you have fair credit, your options for a good credit card can seem limited. Just hover your card over a contactless reader, wait for the confirmation, and you’re all set Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier.Monitor your credit score with CreditWise from Capital One.Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options.Enjoy up to 6 months of complimentary Uber One membership statement credits through.Help strengthen your credit for the future with responsible card use.Enjoy peace of mind with $0 Fraud Liability so that you won’t be responsible for unauthorized charges.Be automatically considered for a higher credit line in as little as 6 months.No rotating categories or limits to how much you can earn, and cash back doesn’t expire for the life of the account.Earn unlimited 1.5% cash back on every purchase, every day.
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