Capital One Introduces Enhanced Cash Back Card
The new Capital One Quicksilver credit card is a new cash back card that replaces the former Cash card.
Quicksilver pays 1.5% on every transaction and is extremely easy to understand. It has no spending tiers or limits, no rotating bonus categories, no required sign-ups and no expiration date for rewards. It is also a card with no annual fee.
Quicksilver offers a $150 bonus to a new cardholder that spends at least $500 during the first three months. Like other Capital One cards, it has no foreign transaction fee.
The Capital One Cash card had basically the same total rewards but a different payout schedule. The Cash card paid 1% on all transactions and an additional 0.5% on the cardholder’s anniversary date.