The Capital One Quicksilver Cash Rewards Credit Card was on the front line for offering cash back rewards on practically everything, at a rate of 1.5 percent. The credit card has a very simple redemption policy and charges relatively low and predetermined fees.
Being the credit card that started it all in terms of the 1.5 percent cash back on every purchase made with the credit card, the Capital One Quicksilver Credit Card continues to lead the way in this category as the cash back reward is not limited to any purchase, place or item. The redemption of your reward points or cash back is in any amount, there is no minimum redeemable amounts, such as other cards that limit the redemption to $25.00. Also the time to redeem is all up to the card holder, points do not have to be accumulated.
The is also a one time sign up bonus of $150.00 after an initial purchase of $500.00 or more within the first three months of opening the account.
Card Holders do not have to keep track of any reward bonuses that have to be opted in to periodically or focus on the credit card that is being use for purchases as this credit card keeps it simple and straightforward with its reward system.
Along with the cash back reward program, the Capital One Quicksilver Cash Reward Credit Card has no annual fee attached – which is a definite benefit. It also has a zero percent introductory APR on all purchases and balance transfers for the initial 15 months of opening the account. After which the APR has a variable rate between 15.24 percent and 25.24 percent. There is also no foreign transaction fee.
The rewards rate is high and consistent
Sign up bonus of $150.00
There is no minimum redemption amount and no time period to redeem
Zero Annual fee
Zero Foreign Transaction fee
Zero percent APR on purchases and balance transfers for first 15 months
3 percent balance transfer fee
Other cards offer a much better zero percent time period
No bonus rewards available
Credit score must good to excellent
The Capital One Quicksilver Cash Rewards Credit Card is a great option if you have large purchases in the pipeline that will need a few months to pay off, however, but it is not the best for balance transfers on a whole. Although is has a pretty stable cash rewards program, it is not the highest rewards rate on the market as other cards can give as high as 2.5 percent. However, nothing can best the simple and easy cash back rewards and redemption procedures.