Capital One Quicksilver Card Agreement: Understanding the Fine Print

If you are considering getting a Capital One Quicksilver card, it is essential to read and understand the card`s terms and conditions. The Capital One Quicksilver card agreement outlines the features, fees, and responsibilities of the cardholder.

Here are some key things to know about the Capital One Quicksilver card agreement:

1. Rewards Program: The Capital One Quicksilver card offers a cashback rewards program. Cardholders earn 1.5% cashback on every purchase. The rewards do not expire and can be redeemed at any time. There is no limit to the amount of cashback a cardholder can earn.

2. Annual Fee: The Capital One Quicksilver card does not have an annual fee. This means that as long as you use your card responsibly, you won`t have to pay any additional costs beyond the interest charged on your outstanding balances.

3. APR: The Annual Percentage Rate (APR) on the Capital One Quicksilver card ranges from 15.49% to 25.49%, depending on the cardholder`s creditworthiness. The APR on balance transfers is the same as the purchase APR.

4. Cash Advance APR: The APR on cash advances is 25.49%. Cardholders should note that there is no grace period for cash advances, which means that interest will begin accruing immediately.

5. Late Payment Fee: Cardholders who miss a payment may be charged a late fee of up to $40. It is essential to make payments on time to avoid late fees and negative impacts on your credit score.

6. Foreign Transaction Fee: The Capital One Quicksilver card charges no foreign transaction fees. This makes it an excellent option for frequent travelers and those who make purchases from international merchants.

7. Zero Liability: Capital One offers zero liability protection for fraudulent transactions. Cardholders are not responsible for any unauthorized charges made on their card.

Overall, the Capital One Quicksilver card agreement offers a straightforward, simple rewards program with no annual fee and no foreign transaction fees. However, it is essential to make payments on time to avoid late fees, and the interest rates can be high for those with lower credit scores. As with any credit card, it is crucial to read and understand the fine print before applying for the card.