Charles H. Miller
Generally speaking, there are two types of cash back credit cards: one that are easy to use requiring little to no effort to earn some money for your spending, and those that do require some kind of management (rotating categories). The Capital One® Quicksilver® Cash Rewards Credit Card fits in the former category, offering unlimited 1.5% cash back on every purchase. No categories to choose, no rewards to manage. It also comes with a sign-up bonus, an introductory period of 0% APR and more. Let’s delve into details, shall we?
Highlights
- $100 cash one-time bonus
- Unlimited 1.5% cash back on all purchases
- 0% intro APR on balance transfers and purchases for 9 months; after that, it’s 13.24%-23.24% variable
- Every 10th Uber ride is free (up to $15)
- No annual fee
How It Works?
Cash back: Unlimited 1.5% cash back on all purchases. You can redeem at any time, without minimum requirements. Also, you can set up automatic redemption whenever you reach the threshold you designate, such as $25, $50, $100, or $100. There is also the option to donate your cash back through Capital One’s Giving Site.
Sign-up bonus: $100 cash bonus after you spend $500 on purchases within the first 3 months.
Visa Signature benefits: Including complimentary upgrades and savings at hotels and resorts, 24-hour concierge service, shopping discounts with top retailers, and exclusive access to events such as concerts, sporting events, and premier golf outings.
Free Uber ride: Every 10th Uber ride is free (up to $15), when you pay with this card through March 31, 2017.
APR: 0% intro APR on balance transfers and purchases for 9 months. After that, it’s 13.24%-23.24% variable.
Costs
- 0% Intro APR for purchases and balance transfers for 9 months, then 13.24%-23.24% variable APR
- 3% Balance Transfer Fee
- 0% Foreign Transaction Fee
- $0 Annual Fee
At Capital One’s secure website
Pros
- Sign-up bonus of $100 that is easy to reach – spend just $500 within the first three months.
- Simple rewards program with no rotating categories to manage — get 1.5% cash back on every transaction.
- The fact that it has no foreign transaction fee makes this card suitable to be used both in the U.S. and when visiting other countries.
Cons
- Simplicity comes with a price — some other cards offer a higher percentage of cash back, though it’s seldom on all purchases (but on specific categories).
Is This The Card For You?
The Quicksilver® Cash Rewards Credit Card is made for folks who want a simple card, offering something in return for every dollar they spend (1.5% cash back). It comes with a $100 sign-up bonus, and 0% introductory APR on both purchases and balance transfers for the first 9 months (after which APR is 13.24%-23.24% variable). There is no annual fee and no foreign transaction fee, making this card an easy sell for all those who want one, rather than multiple cards. Check it out.
