Capital One Quicksilver is a bank-sponsored credit card that was developed by Capital One. Unlike many competing cards, this card does not require you to sign up for a rotating schedule or special sign up bonuses to get a high number of reward points.
The Bank Rewards credit card has no annual service fee and no annual foreign transaction fees. If you have a checking account with Capital One, you can use your savings and check accounts. However, the credit limit is lower than the average checking account.
Unlike most credit cards with low interest rates, the Capital One Quicksilver card has higher interest rates. This is mainly because it features a higher credit limit. You can expect to pay around 2% in interest on your purchases and cash advances made using the card.
The credit card allows you to make purchases at retail stores, gas stations, drug stores and other participating retailers. There are also no limitations on the amount of money you can transfer from one Capital One Quicksilver card account to another.
The good thing about these credit cards is that you can use them for cash advances and purchase items online without incurring extra fees. However, the fees for this privilege are relatively higher compared to other cards available today.
The Capital One Quicksilver Card is ideal for business owners who want to take charge of their expenses by managing their spending and their finances. It is the best credit card out there for its no-frills payment system, great reward programs and free checks.
The best part about these credit cards is that they are also beneficial for the environment. They will not contribute to pollution as the plastic money is recycled into new bank notes and used as a medium of exchange.
These credit cards are also great options for students as there are no annual limits and a low balance transfer rate. In addition, students are not required to pay any fees if they stop paying off their debt before the due date.
Because it is a bank credit card, you need to maintain a balance in your account so you will accumulate credit and earn rewards for each dollar that you spend. As a result, you are able to build your credit line over time.
If you want to earn rewards, you must pay off your balances as soon as possible and do not let your account become too big. You should make all your payments on time to avoid having negative information to appear on your credit report.