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- Capital One Quicksilver Bonus
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Capital One® Quicksilver® Cash Rewards Credit Card is now offering a $150 cash bonus (previously $100) once you spend $500 on purchases within the first 3 months.
The spending requirement is low and the bonus offer, along with the ongoing 1.5% cash back rate, puts this on our best credit card bonuses list.
We’ll review the bonus offer below.
Capital One® Quicksilver® $150 Bonus
A $100 bonus is pretty standard for an offer from a no annual fee cash back credit card, so this updated $150 will compete with the best. Spending at least $500 on purchases within 3 months is also standard to ask.
What sets this card apart, similar to the
Barclaycard CashForwardTM card, is the 1.5% cash back rate on every purchase with no limit on how much you can earn. There are no categories to keep track of like with the Chase Freedom® card. You also don’t have to wait until you reach a specific amount of rewards to redeem them. You can redeem when you earn $1 if you so wish.
Redeeming is easy via statement credits, mailed checks, or gift cards.
You do get a 0% introductory APR on both Purchases and Balance Transfers, but the period is shorter than many competitors at just 9 months.
With the unlimited 1.5% cash back rate, the Capital One® Quicksilver® card is a great option for users who don’t spend much each month on credit cards, and for those who like the simplicity of no category spending to keep track of. For big credit card spenders that can offset an annual fee, there are other cards that earn a better rate. You may choose to use this card for everyday spending in conjunction with a category spending card to maximize returns.
Having no foreign transaction fees also makes this a good carry option for overseas travelers.
Earning The $150 Bonus
Spending $500 in three months should be fairly straightforward for most users, as everyday spending on gas, groceries, dining, and shopping will usually do the trick. But, if you’re applying for more than one card bonus or you’d just like some ideas, we’ve got them for you.
You can find all of the following strategies and more at our Credit Card Spending Requirement Page.
- Bank Bonuses. For savvy bonus seekers, funding Checking and Savings accounts with a credit card for sign-up bonuses is a great way to maximize earnings. Put a plan together and you could see yourself earning thousands in bonuses every year. Be sure to use our help pages to see which banks allow credit card funding and which ones are currently offering bonuses.
- Taxes. This option is going to incur processing fees, but you can pay off your Income taxes and Property taxes with a credit card (if it isn’t already billed to your mortgage).
- Bills You Didn’t Know Were An Option. Most people with mortgages and even renters have their monthly payments deducted directly from their bank accounts. There are actually third party services that will pay these bills on your behalf. You pay them with a credit card, and they will send a check off. You’ll have to weigh in the typically 2.5% fee involved. Plastiq.com and TIO.com are common providers; use our guide for more info.
Use our guide linked above for all the common ways experienced users meet these requirements.
What’s The Competition?
Top competitor’s of the Quicksilver card with bonus offers and no annual fee include:
The Chase Freedom®:
|The Chase Freedom® credit card is going to earn you a $150 bonus after you spend $500 on purchases in the first 3 months from account opening. You can also earn another $25 bonus when you add your first authorized user and make your first purchase within this same 3 month period. People like this card because it earns 5% cash back on up to $1,500 in combined purchases in bonus categories that change every quarter. The downside is you have to keep up with the quarterly categories, and activate the category each quarter before you can earn the 5%. You'll earn 1% cash back on all other purchases.There's also a 0% intro APR for 15 months from account opening on both Purchases and Balance Transfers. After the intro period, a variable APR will take over. The Balance transfer fee is 5% of the amount transferred with a minimum of $5. Many people have this as a supplemental card to use specifically on the 5% category spending, and use other other cards when it's more beneficial. The categories change each quarter, but historically they have included things like gas stations, grocery stores, and holiday shopping. There's no annual fee to be concerned with, so it fits well with such a strategy. Full Review|
And, The Citi Double Cash:
|The Citi Double Cash Card doesn't have a sign-up bonus offer, but people use this card as a comparison point because it essentially earns up to 2% cash back on all purchases. You'll earn 1% cash back for all purchases charged to the card. You'll then earn an additional 1% cash back when you pay off those purchases, as long as you pay at least the minimum due. There are no spending categories to keep up with.|
There's an introductory 0% APR on Balance Transfers for 18 months, which will revert to a variable 14.49% to 24.49% after the intro period. Balance Transfers will incur a fee of $5 or 3% (whichever is greater) and must be completed within 4 months of account opening for the intro rate.There's no annual fee with this card. Full Review
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