To qualify for the Quicksilver card, you will need a “good” credit score, or better. Fair credit is described by Capital One as “having defaulted on a loan in the past 5 years or having a limited credit history of less than 3 years.” FICO, the prominent credit score creator, states that a fair score is one that falls between 580 and 669. To qualify for the Capital One Platinum card, Capital One recommends a fair or better credit score. You can redeem the rewards earned on the Quicksilver card for cash-back, statement credits towards previous purchases, shopping on Amazon, via PayPal, and gift cards. You can also get 5% cash-back on travel purchased through Capital One Travel with the Quicksilver card. The Quicksilver card offers a simple rewards structure that allows you to earn 1.5% cash-back on every purchase you make. The Capital One Platinum card is designed primarily for building credit and does not earn rewards. Image Credit: Sharon McCutcheon via Unsplash 10 Best Ways To Earn Lots of Capital One Cash-back RewardsĮarning cash-back can offset everyday expenses or help you save for a large purchase.Best Credit Cards With Low Interest Rates.Benefits of the Capital One Quicksilver Card.While the Capital One Platinum card does not offer a welcome bonus, the Quicksilver card offers a welcome bonus in the form of cash earned when you complete minimum spending requirements within the first 3 months after card approval. 5% cash-back on hotels and rental cars booked through Capital One TravelĬash-back, a statement credit, shopping at Amazon or via PayPal, gift cardsġ5 months from card approval, after that the current APR applies.Quicksilver Card - Overview Feature or BenefitĬapital One Quicksilver Cash Rewards Credit CardĮarn a one-time $200 cash bonus when you spend $500 on purchases in the first 3 months.Įvaluated by Capital One after 6 months of positive history Let’s take a look at how these cards compare and which may be best suited for your situation.Ĭapital One Platinum Card vs. Each card is designed for a consumer with a certain credit history, and each card, when managed well, can take you to the next step of building better credit. Today we’re comparing the Capital One Platinum Credit Card and the Capital One Quicksilver Cash Rewards Credit Card. And more importantly, how you can leverage the cards to qualify for even better cards that have greater earnings and more benefits. If you have limited credit or credit with a few blemishes, you’ll want to learn more about how these cards work. Today, we’re discussing a pair of Capital One cards that are good vehicles to improve your credit so you can earn credit card rewards. But there’s a clear path to building or rebuilding your credit to qualify for rewards-earning cards. Earning credit card rewards can be challenging if you have limited credit or less-than-perfect credit.
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