Capital One Quicksilver Student Cash Rewards Credit Card

What are the fees associated with the Capital One Quicksilver Student Cash Rewards credit card?

  • Annual subscription : The card has no annual fee, which is common among student credit cards.
  • Foreign transaction fees: There are no overseas transaction fees, which is relatively rare for student credit cards.
  • Balance transfer fee: The card has no balance transfer fees, but you will pay the card’s relatively high regular APR on balances.
  • Cash advance fees: The cash advance fee is 3% of the advance, or at least $ 10.

How to Maximize Rewards with the Capital One Quicksilver Student Cash Rewards Credit Card

While the card brings in solid rewards, its relatively high APR means it won’t provide much value if you have a balance on your card. Make a goal of paying your bill on time and in full each month to make sure you keep every dollar you earn in cash rewards.

Comparisons with other credit cards

Annual subscription : Neither card charges an annual fee.
Rewards: The Capital One Quicksilver Student Cash Rewards credit card offers 1.5% cash back on every purchase you make, no strings attached. With the Journey Student Rewards card, you’ll earn 1% cash back on every purchase as the base rate, but you’ll earn 1.25% cash back every month you pay your bill on time.
Registration bonus: The Capital One Quicksilver Student Cash Rewards credit card does not offer bonuses for new cardholders. Capital One’s Journey Student Rewards offers streaming subscription credit worth up to $ 60, or $ 5 per month to pay for qualifying streaming services for up to 12 months in your first 18 months with the card.
Advantages: Both cards could automatically consider you for an increase in your credit limit in just six months. Plus, you don’t have to worry about overseas transaction fees with either card.

Annual subscription : Neither card charges an annual fee.
Rewards: The Capital One Quicksilver Student Cash Rewards credit card offers a fixed cash back rate of 1.5% on every purchase you make. In contrast, the Discover it Student Cash Back card offers 5% cash back on daily purchases in rotating categories up to the quarterly maximum upon activation. Plus, you’ll automatically earn unlimited 1% cash back on all other purchases.
Registration bonus: With the Discover it Student Cash Back card, the bank will match any cash back rewards you earn in your first year with the card. The Capital One Quicksilver Student Cash Rewards credit card does not offer bonuses for new cardholders.
Advantages: Both cards avoid foreign transaction fees, although Discover is not as widely accepted abroad as Visa or Mastercard. You can be considered for increasing your credit limit in just six months with the Capital One Quicksilver Student Cash Rewards credit card. The Discover it Student Cash Back provides free access to your FICO credit score.

Should you get the Capital One Quicksilver Student Cash Rewards credit card?

  • You are a student looking to build your credit history.
  • You want the simplicity of a fixed reward rate.
  • Plan to study abroad and want to avoid overseas transaction fees.

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