Capital One® Quicksilver® Cash Rewards Credit Card: How well do you use its benefits?

Quite a few of us carry credit cards around without ever using the perks because there is no time to familiarize ourselves with the benefits. However, we have looked up the details, so that you can make the most out of your Capital One Quicksilver Cash Rewards card.

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    HIGHLIGHTS

      Benefits of Capital One Quicksilver Cash Rewards card

      Welcome offer for new members

      New members who apply for this card get an exclusive one time $150 cash bonus when they spend $500 on purchases with the first three months of account opening. If you qualify for this bonus, then it will be applied to your account within two billing cycles. This offer may not be available to existing or previous account holders.

      Rewards earning and redemption potential

      If you are using a card or have used a card where you have to sign-up for categories or track spending to monitor your cashback then you will love Capital One Quicksilver Cash Rewards. This card does not have any of these restrictions and you can simply make purchases and get 1.5% cash back on your account. Cash advances, balance transfers and check transaction on your account do not earn cashback rewards.

      What draws us towards this card is how easy it is to accumulate and redeem the rewards. Capital One does not have a cap on the amount of rewards you can earn from your purchases. Similarly, they do not have an expiry date for your rewards.

      You can have an auto redemption set-up when you reach a certain amount. You can also redeem it as an when you like as a statement credit, checks, gift card or redeem it against a recent purchase. Some of the cards also allow the transfer of rewards to another Capital One rewards account. So you can pool your points with your family.

      Balance Transfer Options

      As a new cardholder, you do have an option to transfer your balance from a different card to Capital One Quicksilver Cash Rewards card. You can get a 0% introductory APR for 15 months for your purchases and balance transfers. Thereafter, 16.24% – 26.24% variable APR will take effect. A 3% fee is charged on the amounts transferred within the first fifteen months. To know additional details, you can refer to the terms and conditions or for the FAQ about the balance transfer click here

      Cost of Card Membership

      There are no recurring fees for using the Capital One Quicksilver Cash Rewards card. Savings on the annual fees is an extra reward that can be cherished.

      Foreign Transaction Fee savings        

      Your purchases on a trip to Europe, South America or anywhere around the world won’t cost you extra something, as there is no foreign transaction fee on this card.

      Access to Events

      Without browsing for hours for ideas, you can now create special memories by getting tickets to exclusive sports, culinary and music events using the Quicksilver Cash Rewards card. To know about the current events that are available for booking, you can click here on this link.

      Account Management

      By downloading the Capital One app on your phone you can access your account and plan for your upcoming expenditures. To analyze your spending, you can view available balance and current balance, the recurring merchants to whom you have to make payments. You can set-up Auto Pay towards monthly utility bills, also lock your card if it is misplaced or stolen.

      To keep your account secure you will be notified either by text, email or phone in case Capital One notices any suspicious transactions on your account. You receive zero liability coverage against unauthorized charges if your card is lost or stolen. Capital One will investigate the issue when you report an unauthorized transaction.

      Add-on Shopping and Travel Benefits

      Quicksilver Cash Rewards gives you security against loss or damage for qualified items when you make the entire purchase using your card. You can get up to two years of extended warranty.

      Travel accident insurance coverage offers up to $1,000,000 against serious personal injuries when traveling on a common carrier. To be eligible for this claim the entire ticket cost must be paid through the Quicksilver Cash Rewards card.

      Travel assistance service is available 24/7. If you have lost your passport and need a replacement or in case of emergency transportation, they can connect you to the local authorities that can assist in such a situation. The cost of the service is not included in the benefit and must be paid by the cardholder.

      Your rental vehicle, if paid for using your Quicksilver cash rewards card, is covered against collision damage or theft up to 31 consecutive days. Antique vehicles, motorbikes, vans, and trucks do not receive this coverage.

      These benefits of Quicksilver Cash Rewards will vary based on whether you have a Visa or MasterCard.

      Conclusion

      The 1.5% cashback on everything along with no annual fee are great features to have on a credit card. If you can keep the card utilization below 30% and ensure timely repayment, then it’s a good fit for meeting your daily financial transactions.

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