See how the Quicksilver from Capital One® gets cardholders more in the first year with a competitive sign-up bonus.
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Unfortunately, the Quicksilver Cash Rewards card did not get a new sign-up bonus and is not getting as much attention in the frenzy of updates. But with an intro offer of $150 cash back after spending $500 in the first three months, it still has a lot to offer to cardholders looking to earn more rewards from their holiday shopping.
What is the Capital One Quicksilver card worth in the first year?
Since the Capital One Quicksilver card offers a flat cash back rate, you won’t have to keep track of any rotating bonus categories to earn competitive rewards. Plus, the card charges no annual fee. Here’s a quick look at what cardholders can earn in the first year.
Why should you get this card?
The unlimited 1.5 percent flat cash back rate makes the Quicksilver card a great choice for those looking for a simple, reliable rewards program.
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You might not get quite as much value out of your rewards without bonus categories, but the Quicksilver card is still a good option for those who don’t weigh their spending heavily towards any one kind of purchase.
Plus, the $150 sign-up bonus is on the higher side for a card with no annual fee and one of the easiest to earn. Many rewards cards require users to spend between $1,000-$3,000 on their card to get a welcome bonus, but Quicksilver cardholders only have to spend $500.
Recent changes to the Capital One Quicksilver card
While many other Capital One credit cards occasionally include limited-time bonus offers, the cash back sign-up bonus on the Quicksilver card has stayed the same throughout the card’s history.
In fact, the only major change to the card in the last year is the conclusion of the Spotify Premium discount. Before April 2018, Quicksilver cardholders received 50 percent off their Spotify Premium memberships, awarded as a statement credit. Unfortunately, the offer is now expired.
Who is eligible to earn the sign-up bonus?
When it comes to being approved for the Quicksilver card, Capital One has a few important restrictions. First, Capital One limits the number of cards you can have open at one time. If you already have five open credit cards with the bank, you might not be approved. You’ll also need good to excellent credit (above 670) and a monthly income at least $425 higher than your rent or mortgage payment.
The sign-up offer is also limited to new account holders. If you currently or have previously owned a Quicksilver card, you might not qualify for the intro bonus.
Redemption options for the Capital One Quicksilver card
After you’ve accumulated some cash back on your Quicksilver card, you have a few different redemption options. There is no minimum amount required to redeem for a statement credit or check, which can be requested for any amount of your available reward balance. If you’d prefer automatic redemptions, you can set a certain time of year or threshold anywhere from $25-$200.
For added flexibility, you can also choose to redeem your cash back for previous purchases or gift cards.
Should you apply for a Capital One Quicksilver card now?
The sign-up bonus for the Quicksilver card doesn’t change very often, so there is no rush to fill out an application immediately. But with holiday shopping approaching, it can be a great time of year to earn more rewards. Since you only have to spend $500 in three months to earn the $150 intro bonus, you can take advantage of upcoming gift purchases to quickly earn some extra pocket change.