Capital One right this moment introduced the launch of the Quicksilver money again bank card that provides 1.5% money again on all purchases made with the cardboard. Whereas the brand new Quicksilver card is simply a slight variation on the Capital One Cash Rewards card that it replaces, we like the easy money again components that is without doubt one of the most beneficiant and handy within the card trade.
The Capital One Quicksilver Visa provides 1.5% money again on all purchases, with no earnings cap and you’ll redeem your earned money any time, so it’s not crucial to attend to achieve $25 or another minimal customary with a purpose to get your cash. As well as, new cardholders get a $100 bonus in the event that they spend no less than $500 with the cardboard within the first three months. The cardboard provides three rate of interest tiers — 12.9%, 16.9%, or 20.9% — so you might find yourself with an important charge, an OK charge, or a horrible charge relying on your credit score historical past.
The Quicksilver bank card replaces Capital One’s earlier Cash Rewards Card that supplied mainly the identical money again quantity, however used a components that should not have appealed to potential cardholders. The earlier card supplied 1% money again, after which as soon as per yr you’ll obtain a 50% “bonus” on the money again you earned. This was successfully a 1.5% reward, but it surely was extra convoluted than the straight 1.5% money again supplied with the brand new card.
There are a number of different playing cards on the market that supply 1% money again with larger money again percentages in sure classes comparable to gasoline and grocery purchases, however most of them have caps or use rotating bonus classes that you should decide into every quarter to get the larger reward. We choose the easy 1.5% money again components of the Quicksilver card. You can apply for the card here.