![]() Of course, this all assumes you’ll be paying your balance in full each month to avoid being charged interest fees on your purchases. However, if you know you’ll put at least a few hundred dollars a month on your card, then the annual fee may pay for itself. Given that you’d need to spend more than two grand a year to just break even on the annual fee, light spenders should question whether earning rewards is really worth paying an annual fee. While the card’s sibling, the Capital One Quicksilver Cash Rewards Credit Card, offers the same cash back rate with no annual fee, Capital One QuicksilverOne Cash Rewards Credit Card users will need to pay $39 each year for their card. Cash back can be redeemed easily online for a statement credit, with no minimums for how much you can redeem and no expiration date on your rewards.Īt the same time, those rewards aren’t free. That’s because the Capital One QuicksilverOne Cash Rewards Credit Card offers an unlimited 1.5% cash back on every card purchase, with no bonus categories to track or activate. No, it’s the Capital One QuicksilverOne Cash Rewards Credit Card‘s cash back rewards that seems to be the biggest draw. ![]() Anecdotal evidence suggests that cardholders who use the card monthly have the best chance of upgrading the card.Īlthough the Capital One QuicksilverOne Cash Rewards Credit Card is one of a limited number of cards for consumers with fair credit offered by major banks, it isn’t solely the card’s flexible credit requirements that make it a top choice for people looking to build credit. If you’re concerned about your chances of being approved, Capital One offers an online form that will allow you to check for pre-qualified offers.Īnother thing to note about using the Capital One QuicksilverOne Cash Rewards Credit Card to build credit is that some users report having trouble getting Capital One to upgrade the card to the no-fee Capital One Quicksilver Cash Rewards Credit Card, even if their credit scores have improved dramatically. Of course, approval is never guaranteed, and even if you are approved with a low score, chances are you’ll get only the minimum credit limit. I now have a $1,500 credit line and a score just above 600. I got this card a little over a year ago with a $300 credit line. This card can help you get your credit back on track. Indeed, not only does the card seem to be available to a wide range of credit scores, but it also may approve applicants despite a variety of credit report red flags, including some posts from Credit Karma reviewers mentioning approval even with recent bankruptcy discharges on their credit reports. While the average cardholder may have a score in the 600 range, reports indicate that a number of consumers with credit scores throughout the 500s have been approved for the card, as well. That being said, you may not even need an average credit score to be approved for the Capital One QuicksilverOne Cash Rewards Credit Card.
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