June 26th, 2013
Capital One has launched two new credit cards—Quicksilver and QuicksilverOne Rewards.
These cards replace the Capital One Cash Card and aim to make earning cash back simpler and more straightforward.
What’s the benefit?
Most cash back credit cards use a calendar of rotating categories to give you higher cash back earnings on certain items or in certain stores quarterly. But the Quicksilver keeps it simple. Here’s what you get:
Edging out the competition?
The competitors in this space aim at category-specific cash back earnings:
Discover It: This card has a goal of being more consumer-friendly by offering more flexibility in the form of waiving the first late fee, eliminating several other fees, and letting cardholders choose their due date. Like other cards on this list, Discover It has a 1% cash back on all purchases automatically along with 5% on revolving categories. You can read our Discover It review on the blog. Apply for the Discover It.
Chase Freedom – $200 Bonus: This tried-and-true card gives you 5% cash back on rotating categories. That’s a nice benefit, unless you neglect to enroll. Then your spending will default to the 1% cash back that the Chase Freedom offers on other categories. Apply for the Chase Freedom Visa.
Barclaycard Rewards MasterCard: This cash back card for average credit consumers works on a points system. You earn 2 points per $1 spent on gas, groceries and utilities and 1 point per $1 spent on other purchases. The points can be used like cash to pay for purchases on the card. Apply for the Barclaycard Rewards MasterCard.
What should I consider before applying?
The Quicksilver Rewards Card isn’t for everyone. You’ll need excellent credit to get this card. If your credit’s less-than-perfect, you might qualify for the QuicksilverOne Rewards Card. The difference between the two is that the QuicksilverOne Rewards Card has a $39 annual fee. But that can be quickly offset by the cash back earned, if you spend wisely and pay off your balance each month.
As always, make sure to check your current credit standing on Credit Karma before you apply. And avoid applying for several cards at once, as the multiple hard inquiries will ding your credit.
Editorial Note: The editorial content on this site is not provided by the bank or issuer. Opinions expressed here are author’s alone, not those of the bank or issuer, and have not been reviewed, approved or otherwise endorsed by the bank or issuer. Credit Karma may be compensated by companies mentioned through advertising, affiliate programs or otherwise. It is this compensation that enables Credit Karma to provide its members with services like free access to your credit scores and free monitoring of credit and financial accounts at no charge.
Bethy Hardeman is the Social Media Manager and Writer at Credit Karma, where she’s been since February 2011. When she’s not writing about credit and finance all over the web, you can find her playing her guitar, catching the latest movie, training for her next race or just exploring the city of San Francisco. Say “Hi” on Twitter: @bhardeman.
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Disclaimer: All information posted to this site was accurate at the time of its initial publication. Efforts have been made to keep the content up to date and accurate. However, Credit Karma does not make any guarantees about the accuracy or completeness of the information provided. For complete details of any products mentioned, visit bank or issuer website.
May 30th, 2013
Welcome a new member to the online-only personal loan space! Chicago-based AvantCredit aims its unsecured loans at consumers with credit scores between 620 and 720—a nearly-prime community rarely served by other lenders. Like NetCredit, AvantCredit hopes to bridge the gap between payday loans and traditional personal loans. Its loans range from $1,000 and $10,000 and are payable over one to three years, depending on the terms you receive.
January 3rd, 2013
Listening to your customer base is one thing. Implementing customer-pleasing changes into a brand-new credit card product could be a game changer.
December 11th, 2012
Credit card perks are getting more creative by the minute. You can earn free hotel stays faster, maximize your daily deal site purchases, earn rewards any football fan would be jealous of, and more.
December 6th, 2012
Barclaycard is on a roll with its reward-centered cards. Hot on the heels of the NFL Extra Points Credit Card launch, it has a brand-new product—this time for the travel-hungry. Got wanderlust? Then read on!
November 14th, 2012
It’s time for a newsletter for the ladies. In fact, how about three? That’s right, personal finance tool and educational website LearnVest has not one, but THREE different newsletters. I’ve been a long-time subscriber to LearnVest, so I decided it was time to talk up their content here on the Credit Karma Blog.
November 13th, 2012
Picture this: You’re starting a new business, say a hat shop. You need a small business loan to get the Hat Shack up and running, but each bank you visit has tightened its purse strings. Loans are difficult to come by, and they have high credit score requirements. Where do you go so you can get your shop ready to go before hat season? Enter Borro, an online pawnbroker that extends secured personal loans backed by valuable assets.
October 18th, 2012
Next up in the newsletter review series is MoneyNing. Founded in 2007, David Ning runs this popular personal finance website. MoneyNing’s goal is to help its readers become debt-free, show them how to build wealth, and let them discover how financial choices have a direct impact on life.
October 17th, 2012
Prepaid debit cards have gotten a bad rap. (Remember the Suze Orman card? Or the Kardashian card?) American Express (a Credit Karma advertiser) and Walmart are trying to turn that around with Bluebird, which lets consumers take control of their finances.
October 11th, 2012
We’re kicking off our newsletter review series by checking out Money Under 30’s emails. This site is dedicated to educating young people about finances. During that sometimes awkward stage of transitioning from a college student to a young professional, Money Under 30 promises to help readers reach their money goals and save for the future.