Capital One® QuicksilverOne® Cash Rewards is a card which is available to individuals with average credit. It can help rebuild credit score, so that in the future they can be eligible for better cards with more benefits.
This card stands out on its own as it offers a 1.5% cash back on all purchases. In the beginning, the 1.5% may seem low, but when you are starting out, not having to monitor categories or keeping track of the combined purchase on your card can be a blessing until you understand how the process works.
Unlike Capital One® Quicksilver® Cash Rewards Credit Card, this card has a low annual fee of $39 and does not have an introductory APR offer. However, you shouldn’t get discouraged by this as carrying a balance is not what you are looking for here. The annual fee is easily adjusted against the cash back rewards if you’re spending per year is $3000 or over.
The prime benefit of this card is that the points collected do not expire. There is no minimum limit on redeeming the points. QuciksilverOne points can be redeemed against a statement credit, cash, check, gift cards, and to cover a recent purchase.
In addition to the above listed benefits, there is no foreign transaction fee if you make a purchase abroad using this card.
Is credit limit increase a possibility on this card?
If you make the first five monthly payments with Credit Steps on time, then you can reach out to Capital One requesting for an increase in the credit limit. They would review your account and get back to you with the results.
Apart from staying on schedule and paying back in full, one can use the CreditWise app to get an idea of their vantage score.
Benefits that safeguard your Capital One® QuicksilverOne® Cash Rewards transactions and purchases.
$0 Fraud Liability- In case your card is stolen/misplaced and you report it, then you won’t be held responsible for unauthorized transactions that occur using your card.
Card Lock: If you believe your card is stolen or it is lost then you can use the Capital One mobile application to lock the credit card to avoid any misuse.
Security Alerts: You will receive a text message, email or phone call from Capital One if they suspect any suspicious activity on your account.
Extended Warranty: An extended warranty gives you up to 1 year of protection on qualified products. Objects such as plants, cars, boats, antiques, and software do not qualify for the benefit.
Travel benefits that are linked to Capital One® QuicksilverOne® Cash Rewards credit card
Capital One® QuicksilverOne® Cash Rewards may not offer many benefits in comparison to a travel credit card, but it does include a few essential ones which are helpful while traveling.
24-Hour Travel Assistance Services: This feature is available to help you out when you are in a fix, in case of an emergency replacement of card or a need for cash advance. You can call the number provided for travel assistance to make the arrangements anytime as the service is available 24 hours, 365 days.You can also avail a MasterLegal Referral Service and Travel services Medical assistance by calling 1-800-MC-ASSIST (1-800-622-7747)
Auto Rental Collision Damage Waiver: In case your rental car is stolen or part of a collision then you can be eligible to claim the rental car insurance benefit. One of the eligibility criteria is that the car rental is for 15 consecutive days or less and the whole rental payment is charged to your QuicksilverOne card.
Travel Accident Insurance: The card offers coverage for accidental loss of life, limb, sight, speech or hearing while riding as a passenger on a common carrier.
The APR rate offered on QuicksilverOne is quite high, and the card has no introductory APR period. Thus, it would not be advisable to do any balance or purchase transfers using this card.