If you are a customer who seeks rewards for your purchases or other transactions, you will be interested in learning about an alternative offered by Capital One Corporation.
In the following article, we will explain all the benefits and how to apply for the Capital One Quicksilver Credit Card, as well as the requirements and documentation you need to submit.
About the Capital One Quicksilver Credit Card
The Capital One Quicksilver credit card is a financial product characterized primarily by being exempt from the minimum redemption payment, regardless of the amount you wish to redeem.
Additionally, it provides an unlimited cashback of up to 1.5% of the amount billed with every purchase you make using this credit card, along with the low maintenance it offers.
Characteristics of the Capital One Quicksilver Credit Card
We have already mentioned that the Capital One Quicksilver Card is a tool that waives the minimum redemption payment. However, this is not the only highlight; there are also the following features:
- It is a financing tool that provides bonuses to new users upon application.
- It is a credit option that benefits you with a direct rewards program.
- You will also be exempt from fees for transactions made abroad.
Furthermore, it is a card that allows you to enjoy benefits such as travel reservations, reward redemption through Paypal, and purchase of gift cards or coupons.
Capital One Quicksilver Credit Card Rates
An interest rate is applied for purchases payable over time for the Capital One Quicksilver Card. However, you benefit from an introductory period of 15 months at 0% interest on purchases and transfers.
- However, after this period, you will have to assume the payment of an interest rate of 19.74%, 25.74%, or 29.74%, depending on the credit history presented in managing similar tools.
- For balance transfers, the applied rate will be 29.74%.
It is important to highlight that this credit card does not charge an annual fee, as it is one of the tools that offers this important benefit.
Commissions applied to operations carried out with the Capital One Quicksilver Credit Card
In addition to assuming the payment of interest resulting from postponing the payment of debt incurred with the card, you will also need to consider the commissions associated with the transactions.
In this case, the operation that incurs a commission is cash advances, which are subject to a 3% fee, applied directly to the total monthly amount executed in this type of transaction.
How to apply for the Capital One Quicksilver Credit Card?
One advantage of applying for this card is that you can do it online, through the Capital One website, by following the detailed steps below.
- Go to the Capital One Corporation website and if you haven't registered as a user yet, enter your details and proceed to verify.
- After creating your profile, select the Capital One Quicksilver credit card and click on the "prequalify" button.
- Enter the personal information requested and select the "Apply Now" button.
From then on, the credit evaluation department will contact you to verify the information provided and determine if you qualify for this card.
What is the payment method for the Capital One Quicksilver Credit Card?
The due date for this credit card is the 25th day after the billing cycle closes. Interest charges will apply from that point onwards.
If you pay the debt before the stipulated due date, you will be exempt from paying interest charges; you will only have to cover the consumed capital amount.
Requirements to apply for the Capital One Quicksilver Credit Card
You must verify the requirements and documents required by Capital One to apply for this credit card prior to starting the prequalification process set by the bank.
- Be of legal age and a legal resident of the United States.
- You must register on the Capital One Corporation portal.
- Provide evidence of a verifiable source of income.
- If you are self-employed, demonstrate your fixed income.
Naturally, you must have a positive credit history to apply for any card from this bank and show that you have managed similar tools with other institutions.
Requirements to apply for the Capital One Quicksilver Credit Card
One of the requirements set by Capital One is to have at least two valid forms of identification. Additionally, you must present bank statements that support the income you received over the past three months.
It is also essential to provide a document proving that you have a bank account in your name and a certificate confirming your place of residence.
Benefits of using the Capital One Quicksilver Credit Card
One of the most outstanding benefits of this credit card is that it exempts you from the minimum redemption payment, which positions it as one of the most sought-after in the market.
Additionally, it has an infinite rewards program that allows you to receive up to 1.5% of the invoiced amount on every purchase and the $200 bonus for being a new user.
It also offers easy application, as you can apply online through the web platform by prequalifying by just entering your information.
Disadvantages of Applying for the Capital One Quicksilver Credit Card
The only downside of applying for this credit card is having to bear the costs of the transactions, which typically involve a moderate percentage in addition to the applied interests.
However, this aspect is somewhat offset by the fact that it is a tool that does not have an annual fee and also benefits you with a rewards program.
Contact Information to Apply for the Capital One Quicksilver Credit Card
If you wish to inquire about applying for this card, you can visit the Capital One bank headquarters located at 680 Capital One Drive, McLean, United States.
Another option is to visit the branch nearest to your residence or workplace, which you can locate through the Capital One website.
Capital One Phone and Email
To connect online with Capital One Corporation and request information about this card, you can write to webinfo@capitalone.com and present your case or request advice.
You can also call 1-800-227-4825, and the customer service team will address any inquiries or assist you in applying for this card.
Conclusion
This card is a good option if you want a tool with an annual fee waiver and rewards for your purchases.
Disclaimer: Upon approval of the Capital One Quicksilver credit card, you accept certain risks, so reviewing the terms and conditions issued by Capital One Corporation is important.
