Capital One Quicksilverone Credit Score

6 min read

capital one quicksilverone credit score

Capital One bank cards are recognized for his/her “no problem” benefits applications and low or no card charges. The Capital One ® QuicksilverOne ® Money Rewards Credit rating Card is an excellent circumstances, using a flat charge money again card with a low annual charge.

QuicksilverOne is really designed for these whose credit standing falls under the “typical” class, generally anyplace from 630 to 689. Numerous cash once again rewards playing cards with low charges require increased credit score ratings, leaving these within the “honest” area no alternative for incomes something from their purchases. (See additionally: Greatest Credit rating Playing cards for Individuals with Truthful/Common Credit score).

Capital One QuicksilverOne Cash Rewards Credit Card

The Capital One QuicksilverOne Money Rewards Credit Card is a solid money back choice for cardholders with typical credit or little credit rating. For a $39 annual charge, you can make a flat 1.5% back for each dollar you invest while you develop a positive payment history and boost your credit score.

At a Glance

  • Earn limitless 1.5% back for each dollar you invest
  • $ 39 yearly fee
  • No foreign deal costs
  • 26.99% variable APR for purchases

Pros

  • Make flat-rate rewards without having to stress over bonus offer categories
  • Readily available to consumers with fair credit or better
  • Flexible benefits redemptions
  • No foreign deal charges

Cons

  • High variable APR.
  • $ 39 yearly cost.
  • Couple of significant cardholder benefits.

Quick Facts

  • Earn endless 1.5% cash back on every purchase, every day.
  • No turning limitations or categories to how much you can earn, and cash back doesn’t end for the life of the account. It’s that simple.
  • Be immediately thought about for a greater credit limit in just 6 months.
  • Enjoy peace of mind with $0 Fraud Liability so that you will not be responsible for unapproved charges.
  • Help strengthen your credit for the future with accountable card use.
  • Earn endless 5% money back on hotels and rental automobiles reserved through Capital One Travel, where you’ll get Capital One’s finest rates on thousands of journey options. Terms use.
  • Monitor your credit score with CreditWise from Capital One. It’s complimentary for everyone.
  • Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Simply hover your card over a contactless reader, await the confirmation, and you’re all set.

Extra Card Details

Capital One QuicksilverOne Cash Rewards Credit Card is tailored toward customers with less-than-perfect or “reasonable” credit, and it lacks the cardholder benefits you may find from other rewards charge card.

The primary advantages are developed to assist you boost your credit history. Not just can you get approved with reasonable credit, but Capital One will immediately examine your account and consider you for a greater line of credit in as low as 6 months. You’ll also get access to the Capital One CreditWise program, which uses tools to keep track of and track your credit score.

The Capital One Quicksilver Cash Rewards Credit Card is for good credit

You’ll require good-to-excellent credit (a score of a minimum of 690 on the FICO scale) to qualify for the Capital One Quicksilver Cash Rewards Credit Card.

Typically, cards that require higher credit history tend to come with much better features than those that need scores on the lower end of the scale. To this end, the Capital One Quicksilver Cash Rewards Credit Card offers the following advantages that are richer than its average-credit sibling card’s offerings.

Sign-up reward

When you obtain this card, you can make a sign-up perk: One-time $200 cash reward after you spend $500 on purchases within 3 months from account opening. This perk can provide cardholders a good value increase, and with a reasonably low spending requirement, it can be easy to earn.

Introductory 0% APR

The Capital One Quicksilver Cash Rewards Credit Card features a 0% intro APR for 15 months on purchases and balance transfers, and after that the ongoing APR of 16.49% -26.49% Variable APR; 3% fee on the amounts transferred within the first 15 months. The card can assist you do that while earning a decent benefits rate if you’re about to make a big purchase and need time to pay it down interest-free. You might likewise utilize it to pay for high-interest financial obligation on other accounts. However, the card likewise charges a balance transfer charge.

No annual charge

Unlike the average-credit version of the card, the Capital One Quicksilver Cash Rewards Credit Card comes with an annual cost of $0. That indicates you can come out ahead on benefits as soon as you begin making purchases on it.

Why you might desire the Capital One QuicksilverOne Cash Benefits Credit Card

You’ll earn benefits

Some cards focused on those with fair credit don’t featured rewards. However the Capital One QuicksilverOne Cash Rewards Credit Card earns cash back that’s on par with the market average for flat-rate benefits. Holders will earn a basic 1.5% back on almost whatever, which suggests there are no perk classifications to keep track of. Plus, an unrestricted 5% cash back on hotels and rental cars scheduled through Capital One Travel.

MoreCiti Custom Cash Reviews – Credit Card

And unlike some other cash-back cards, the Capital One QuicksilverOne Cash Rewards Credit Card has no restrictions on how and when you can redeem those rewards. Cardholders can redeem in any quantity at any time. They can even set up auto-redemption, where cash back is instantly used as a declaration credit when it reaches a particular limit ($ 25, $50, $100 or $200).

Chance to increase your credit line

Cardholders may be instantly thought about for a higher line of credit after a minimum of six months of having the card. This indicates that with responsible card usage and enhanced credit, the maximum spend quantity on your card may be increased. This enables more wiggle room to keep credit usage low, which can favorably affect your credit report.

There’s no security deposit

For customers with poor or typical credit, protected credit cards are sometimes the very best card choices. While protected cards can assist to develop credit, they typically require in advance money down payment that serve as collateral.

With the Capital One QuicksilverOne Money Benefits Charge card, nevertheless, holders are not required to put down any cash once they are approved. This makes the card less expensive in advance than some alternative charge card alternatives.

CAPITAL ONE® ACCOUNT TERMS

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases and Transfers 26.49%.
This APR will vary with the market based on the Prime Rate.
APR for Cash Advances 26.49%.
This APR will vary with the market based on the Prime Rate.
Paying InterestYour due date is at least 25 days after the close of each billing cycle. We will not charge you interest on new purchases, provided you have paid your previous balance in full by the due date each month. We will begin charging interest on cash advances and transfers on the transaction date.
For Credit Card Tips from the Consumer Financial Protection BureauTo learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore.
Fees
Annual Fee $39 annually.
Transaction Fees
Transfer


Cash

3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you.
None for balances transferred at the Transfer APR.

AdvanceTransaction Fee:
Either $10 or 3% of the amount of each cash advance, whichever is greater.
Penalty Fees
Late PaymentPenalty Fee:


Up to $40.

Bottom Line

EDITORIAL INDEPENDENCE
Just like all of our charge card reviews, our analysis is not influenced by any partnerships or marketing relationships.

Capital One QuicksilverOne Rewards Credit Card is a good card option for people with typical credit or no credit rating, particularly if you’re trying to find an option to protected charge card.

Identify whether your expected annual rewards are enough to offset the $39 yearly cost prior to using, and practice great credit routines with this card so you can improve your credit and get approved for better rewards charge card later.

How to Use the Capital One QuicksilverOne Rewards Credit Card

Offered this card’s 1.5% flat rewards rate on all purchases, optimize your rewards by utilizing it for any routine costs.

You must likewise focus your efforts on using this card to enhance your credit history.

To build good credit and give up high-interest debt, pay your declaration balance completely and on time every month, and never bring a balance if you can prevent it. The high variable APR of 26.99% on purchases means bring financial obligation on this card will end up being pricey extremely rapidly. Only charge purchases you can manage to pay off each month and beware not to spend too much.

You must likewise understand your assigned credit limit so you can keep an eye on your credit utilization rate, or the quantity of credit you use compared to your general available credit. Specialists recommend keeping this ratio under 30%. To put it simply, if your credit limit is $500, you should keep your balance under $150 to see the best impact on your credit rating. That’s another reason to make timely payments in full every month– if you’re approved for a credit limit increase after your initial six months, you’ll have more flexibility to invest while keeping your utilization low and improving your credit score.

Frequently Asked Questions

  • What credit score do you need for Capital One QuicksilverOne?

The Capital One QuicksilverOne Rewards Credit Card is a great option for people with simply average credit. Applicants with a minimum of a reasonable credit score (580 or greater) or little credit report have good chances for approval.

  • What credit does Capital One Quicksilver pull?

Capital One Quicksilver reports the card’s credit limit, account balance, payment history, and more to all three of the significant credit bureaus: TransUnion, Equifax, and Experian. Capital One might use a particular credit bureau more than another, depending on the applicant’s house state, and other aspects.

  • Will Capital One Quicksilver increase credit score?

Yes, the Capital One Quicksilver Cash Rewards Credit Card does help build credit, as Capital One reports account details to the significant credit bureaus each month.

  • What credit history is needed for a Capital One?

The Capital One credit rating requirement is of a minimum of 300, depending upon the credit card. For example, candidates with limited or bad credit can get a protected charge card from Capital One, while the best Capital One charge card overall need a minimum of good credit for approval.

  • Is Quicksilver or platinum better?

EDITOR’S OVERVIEW. The Capital One Quicksilver Cash Rewards Credit Card is the winner over the Capital One Platinum Credit Card. The Quicksilver Card’s best functions consist of 1.5% cash back on all purchases, a $200 bonus offer for spending $500 in the very first 3 months, and intro financing of 0% for 15 months.

  • Is the Capital One QuicksilverOne Cash Rewards Credit Card right for you?

The Capital One QuicksilverOne Cash Rewards Credit Card is a low-effort card that provides unlimited money back for individuals who may not qualify for other great rewards cards. The yearly charge is a factor to consider, however if you’re utilizing this card wisely– as a stepping stone to much better credit and better charge card– at some point you’ll have the ability to put that expense behind you.

  • Can I upgrade from quicksilver one to Quicksilver?

To upgrade from Quicksilver One to Quicksilver, you can accept Capital One’s online, mail, or e-mail offer. Cardholders who are eligible for an upgrade will be alerted through an “Upgrade Now” banner online or by mail.

Leave a Reply

Your email address will not be published.