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Capital One QuicksilverOne Cash Rewards Credit Card Review

Capital One QuicksilverOne Cash Rewards Credit Card

The card that implies above average rewards rates and an average credit.

Capital One QuicksilverOne Cash Rewards Credit CardIf you have average credit and want to get the card that will allow you to get rewards for the sums you spend, you, probably, won’t find a better card than the Capital One® QuicksilverOne® Cash Rewards Credit Card. Once you start using it, you’ll be getting rewards for any purchases you make with it. You can get as many bonuses as you want. There are no limits here.

Advantages of the card and general information about it

The maximal rewards rate you’re to expect amounts to 1,5%. There is one more thing about the card that’s worth mentioning.

This card has no restrictions in terms of redemption. The majority of the cards that are currently available at the market imply certain limitations on redemption. In particular, it refers to the ways you can redeem the bonuses you earned and when you can do it. That’s why there are minimal sums to be redeemed. This card comes with nothing of these. You can redeem whenever you prefer to. To make the things even better for you, you can turn on auto redemption feature. It means that once there is a certain sum accumulated on your account ($25, $50, $100, $200), it’ll be automatically redeemed as a statement credit for you to use.

The reasons for you to look for a different card and other cards you may consider applying for

The credit card can’t be said to be totally unpopular. This is understandable since it offers some really great benefits to clients. However, the card can’t be called the best of the best for several reasons.

  • There is a fee you’ll have to pay each year. You’ll have to pay for using the card. The annual fee isn’t high. It amounts to $39. Still, it’s an extra charge to pay. There is a way to offset the fee. If you want to do it, you’ll need to spend at least $2,600 within one year. If you manage to do it, the rewards you’ll earn will make up for the sum you need to pay as an annual fee.

If you prefer finding the card that comes with no fee to pay each year, you have several options here. The 1st option we want to mention is the US Bank LifeMiles Visa Secured. You don’t have to pay any annual fee for the 1st year, but you’ll have to pay $25 a year after. Once you make your first purchase with the card, you’ll be rewarded 5,000 LifeMiles bonus points. You’ll get 1 LifeMile bonus point for each dollar spent after that. Sound great, doesn’t it?

You can use the LifeMiles you earn to pay for the flights all over the world. Actually, you have lots of choices in terms of airline companies you can fly with. The list of the companies involves Star Alliance partners. One of the most well-known partners are United Airlines, Lufthansa and Asiana.

There is only one drawback the card has, but it may be crucial in your situation. Since the card is secured, you’ll need to make a deposit. The minimal deposit to make is $300. In case you fail to pay off your purchases, the sum will be used as a collateral. Pay attention to the fact that your deposit is equal to the credit line you have. Consequently, if you want to have a higher credit line, be ready to make bigger deposit.

  • The card comes with no sign-up bonus. Actually, it may not be a thing to worry about. Such like bonuses serve as a nice addition to a card. So, if the absence of the bonus doesn’t matter for you while you’re fine with everything else, you should apply for the Capital One® QuicksilverOne® Cash Rewards Credit Card.
  • There are no bonus categories to activate. The card won’t match the needs of those who spend big sums on items from certain categories. It isn’t a good option for those who prefer to plan ahead the purchases in which categories they’ll make in this or that quarter of a year. There is an unchangeable rewards rate of 1,5% for any purchases you make. Some people will find it wonderful, while others may be interested in finding a more beneficial card.

If you’re looking for a high cash back for the purchases in the categories selected by you, you may find the Chase Freedom® to be your ideal choice. There is a wide variety of categories to activate as bonus ones. Besides, the list of the categories is constantly expanding. For making purchases in the activated categories, you’ll earn a cash back of 5%. For all the rest purchases, the cash back of 1% applies. The card is also beneficial from the point of view of those who deeply dislike the need to pay annual fee. Simply put there is no fee you’re expected to pay.

Is the Capital One® QuicksilverOne® Cash Rewards Credit Card the card you should have?

The card is ideal for those who prefer flexibility in terms of their purchases. In other words, if you want to be rewarded for any purchases you make, you definitely need to choose this card. If you’re looking for something different, you can find more beneficial credit cards.

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