Do you know what saving money looks like? Yes, that really is Samuel L. Jackson touting a Capital One credit card on television this month. Media observers have generally praised the no-nonsense ad campaign, even after Capital One released a version of the ad with slightly toned-down language. However, we're bestowing the Capital One® Quicksilver® Cash Rewards Credit Card with our Deal of the Month honor because it blends a great sign-up deal with a strong cash back rewards program.
With good to excellent credit, a new cardholder can earn a one-time $100 bonus reward after spending just $500 on this cash back credit card on purchases within the first three months. In addition, every purchase with this card earns a flat, 1.5 percent cash back. Just as Mr. Jackson promises in his ads, this card plays "no games." With no seasonal sign-up requirements and no special purchasing categories, you simply rack up 1.5 cents for every dollar you spend on purchases. When you're ready to redeem your rewards, you can use Capital One's fun "Purchase Eraser" or just request a statement credit.
Meanwhile, Capital One has been rotating a lineup of discounted gift cards through its online rewards portal. If you already know where you want to cash in your rewards balance, and studies say you probably do, you can squeeze an extra 10 to 20 percent from your rebate between now and the end of the year.
Unlike similar rewards cards with pumped-up rebate rates, Capital One Quicksilver Cash Rewards doesn't automatically gouge cardholders with high APRs. After an introductory period that lasts through next holiday season, new cardholders with excellent credit can qualify for an APR range that mirrors many no-frills cards. With no annual fee and a full slate of Visa Signature benefits, it's easy to make this your top card for everyday purchases.