![]() All in all, this is a reasonable fee for this type of card, though it’s better to get a similar, fee-free card if possible.Īt the time of writing, the APR on the card is a bit high at 26.99%. One common feature of credit cards for people with poor or fair credit is an annual fee, and the Capital One QuicksilverOne card is no different. If your application isn’t instantly approved, you may have to wait up to ten days for Capital One to process your application. Instant ApprovalĬapital One often offers instant approvals when you apply for the card online. You can use CreditWise to help you make sound credit decisions and see how your choices are helping to improve your credit score. The tool also includes a simulator that you can use to see how different actions will impact your score, for example, carrying a specific balance or opening a new credit card. You can see how your score has changed over time and identify the factors influencing your score. Having strong credit can help you qualify for better credit cards and save you money on student loans, auto loans, and mortgages.ĬreditWise is Capital One's service that lets you track your credit score. If you have less than perfect credit, you should take steps to try to boost your score. ![]() Related: Best Credit Cards for Fair Credit Access to Capital One CreditWise The company advertises that you can receive an automatic credit limit increase in as little as six months. The closer you get to maxing out your card, the worse your score will be, so having a high credit limit can help boost your score.Ĭapital One automatically reviews your credit and card use from time to time and will increase your credit limit automatically if you're eligible. Capital One will approve customers for credit limits as low as $300. Your credit limit can play a role in determining your credit score. You can redeem your cashback as soon as you earn a penny there’s no minimum to redeem. However, those cards often require better credit. The 1.5% is a solid rate as most cards with bonus categories pay just 1% on non-bonus purchases, and the best flat-rate cards max out at around 2% cashback on every purchase. There are no limits on how much you can earn and no complicated bonus categories to remember. The Capital One QuicksilverOne pays 1.5% cashback for every purchase. Card issuers often offer rewards points, airline miles, hotel points, and cashback as rewards. One of the top reasons to use a credit card for everyday purchases is to earn rewards. ![]() Most lenders consider fair credit scores to be between 580-669. Available to People with Fair CreditĪccording to Capital One, a fair credit score suggests limited credit history, new credit, or even recent loan defaults.Ĭredit scores typically range from 300 to 850, with higher scores being better. ![]() ![]() These are some of the top features of the Capital One QuicksilverOne credit card. However, the Capital One QuicksilverOne is a cashback credit card that offers a solid rate of rewards for people with less than perfect credit. Many premium rewards credit cards require strong credit. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below. We may, however, receive compensation from the issuers of some products mentioned in this article. You can trust the integrity of our balanced, independent financial advice. ![]()
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