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Five Features Of Capital One Quicksilver Mastercard That Make Everyone Love It | capital one quicksilver mastercard

The Capital One Quicksilver MasterCard offers an excellent way for people to maximize their rewards while spending less money at the same time. This card comes with a 1.5 percent cashback bonus on all purchases made at the participating merchants. However there are some hoops to jump over for this card. But overall you won't be receiving the unlimited rewards that other cards provide.

The perks of the Capital One Quicksilver card aren't the greatest but they aren't exactly worthless either. For example, the card provides a free travel membership to certain hotels for every year that you hold an account with them. The annual fee isn't too high and usually only costs around $25. Plus, if you travel frequently this can be a great perk as it gives you a credit card that you can use to get discounts on hotel stays at select locations. Also the annual fee is very reasonable which means that you can easily pay off the balance and then you have a nice chunk of money in hand.

Now let's look at the drawbacks of the Capital One Quicksilver MasterCard versus the other two major credit cards from Mastercard and Visa that are currently available. The first downfall is that you don't receive the one hundred and twenty five percent cash rebate that the platinum card is able to give you. This is actually offset by the fact that you do receive double the cash rewards you would normally get. In addition to the cash rebates you also receive a percentage of the gas that you buy. This can be a very nice benefit because fuel is so expensive these days.

On the plus side the Capital One quicksilver card gives you a one hundred and twenty-one percent cash back reward when using your card to make purchases at select merchants. This does make your purchases less expensive, but you are not given double the rewards per dollar spent. There is also no annual fee and no blackout fees when using the card to earn rewards. The annual fee may seem like a huge drawback, but in actuality most rewards cards now come with an annual fee. The exception to this rule is the cash back cards which usually have no annual fee.

Another negative area of the Capital One quicksilver card is that you will receive a foreign transaction fee when using it to make purchases at select merchants outside of the United States. This is the only bad thing about the credit card other than the foreign transaction fee. If you travel outside of the United States frequently you won't have any problems with this fee. You can however transfer your balance between your United States accounts to the Capital One account which will eliminate the foreign transaction fee and bring down your balance to zero dollars.

As you can see both the Capital One quicksilver mastercard and platinum credit cards are basically the same thing. The only difference is the interest rates. The rate of interest on a platinum credit card is twelve percent which is significantly lower than the fifteen percent rate on the Capital One quicksilver card. The reason for the reduced interest rate is due to the fact that you are not paying an annual fee.

If you are considering either the Capital One quicksilver mastercard or the Platinum credit card you should look into the terms of the rewards programs. Both of the rewards programs have very high limits on the cash back and rewards you can receive. The one big benefit of the Capital One quicksilver mastercard is that you get two free gift cards for every dollar you charge. If you are a student you may be able to increase that limit to ten dollars.

If you have excellent credit you may want to consider applying for the Capital One quicksilver card which has a one.5 percent cash back bonus. The one.5 percent cash back bonus will add up to twenty dollars in cash back rewards over the course of just over two years. If you were to apply for the Platinum credit card you would get an additional forty five dollars in cash rewards. Both of these cash back cards come with an outstanding interest rate of just eleven.5 percent which is very low compared to the average credit card interest rate of fifteen percent. When it comes to applying for a new credit card, you do not want to make the mistake of choosing the first card that comes your way since you might end up with a card that does not suit your needs.


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