Capital One upped the ante in the competitive cash back credit card market with the launch of its Quicksilver brand this summer. In a statement to reporters, Capital One spokesman Mike Wassmer cited research that indicated consumer frustration with opt-in bonus promotions and complex reward structures.
The new line of credit cards offers a consistent, 1.5 percent cash back rebate on all purchases, with no limits and no expiration. Like Capital One's other rewards credit cards, Quicksilver makes use of the bank's online services to track and redeem cash back rebates. With no minimum redemption level, cardholders can use Capital One's "Purchase Eraser" function or simply cash out their rewards balance as a statement credit at any time.
Capital One® Quicksilver® Cash Rewards Credit Card for applicants with good to excellent credit
Capital One's new Quicksilver Cash Rewards Credit Card card combines cash-back rebates with 24-hour travel and emergency assistance which gives you a replacement card and cash advance in the event of an emergency, also an extended warranty program and more. Along with no annual fee, the card includes a one-time $100 bonus for new customers after spending $500 on purchases within the first three months of card membership.
According to published marketing material, Capital One defines, in part, excellent credit as having never declared bankruptcy, having maintained a credit line above $5,000 for the past three years, and having kept up with existing minimum payments and not more then 60 days late on a credit card, loan or medical bill payment for the last year.
Capital One® QuicksilverOne® Cash Rewards Credit Card for applicants with average/fair/limited credit
Capital One also announced the Capital One QuicksilverOne Cash Rewards Credit Card for applicants with average/fair/limited credit. The card carries a moderate $39 annual fee and APR at the higher end of the typical range for rewards credit cards. According to Capital One's website, the bank, in part, classifies average credit as having a credit card from another lender for three years or less or having a limited credit history.
Using your card to purchase your fare and rent a car you have access to travel accident insurance, auto rental insurance and 24-hour travel assistance which gives you a replacement card and cash advance.