Capital One QuickSilver Increased Signup Bonus to $200 with $500 Spend

Update 10/20/20: $200 deal is back with a lower $500 spend requirement now.

The Offer

Direct Link to offer

  • Get $200 bonus when signing up for the Capital One Quicksilver card after spending $1,000 $500 within three months. You also get a 0% APR on purchases and balances transfers for the first 9 months (3% balance transfer fee during this period).

 

Card Details

  • 1.5% cash back on all purchases
  • No annual fee
  • No foreign transaction fees

Our Verdict

Standard bonus is $100, it’s frequently increased to $150 and then occasionally goes up to $200 like we see here. I don’t think signing up for this card makes a lot of sense due to the fact Capital One pulls all three credit bureaus. In addition you can get a bonus of 50,000 points on the Venture card (or up to 100,000 via targeted offers) and the business card has a $1,000 bonus as well. Some people like having a Quicksilver card as they offer various promotions such as: Uber, Spotify and the current hotels.com deal. I’d say you’re better off still getting the Venture and then product changing it to this card instead.

Hat tip to reader Andrew Nelson
    William Charles
  • On October 20, 2020, 15:48

View Comments (26)

  • Back up to $200 (like the original post says). According to customer service, their system does not show whether a previous account holder is eligible for the bonus, no matter how long it has been since the old card was closed, until a new account has been generated (application approved).

  • anywhere to post referral links? I'm showing $150 referral for referER for anyone that gets approved.

  • @will@doctorofcredit.com @chuck

    The Quicksilver card has some offers on card, one of them shows upto $160 back on purchases at xfinity, but the language is not very clear what kind of purchases qualify , says for new members only.
    I would like to know if any existing xfinity customers used this offer & got cash back from CapitalOne ?

    Merchant details
    To earn the rebate you must make an eligible purchase at xfinity.com. Credits are only issued after installation. To earn the rebate, you must be a Capital One credit cardholder, logged in to your account on capitalone.com or the Capital One Mobile app, and pay for a qualifying purchase using an eligible Capital One credit card.

    How to receive the rebate
    You will receive your rebate as a statement credit to your Capital One credit card account within 3 billing cycles. In no event will a statement credit be applied to a Capital One checking or savings account. Your credit card account must be open and in good standing at the time the rebate is awarded to receive your statement credit. In the event you have more than one Capital One credit card, we may apply the statement credit to any active credit card account that is open and in good standing. This offer is valid for consumer, non-commercial use only.

    What is a qualifying purchase?
    To make a qualifying purchase, you must click the button above, and then complete a purchase at the selected merchant’s site, in the window opened by the Capital One Offers tile, within 24 hours, using your eligible Capital One credit card. Offer is not valid by any other method.

  • CapOne are definitely stingy with their credit card approvals. I got the QS years ago before I started researching better cards, then I also signed up for 360 Checking. Didn't help me get a Venture when I applied a couple of years ago, though. (I have an excellent credit history, which they seem to dislike.)

    Now I find the QS mostly useless, and I put almost no spend on it, which resulted in their lowering my limit.

    But the 360 Checking is indispensable to me, not for checking, but for overseas travel. I transfer some money in before a trip, then use it at ATMs in Europe with no FTF. Winning....

  • Received my Capital one card in the mail... It's actually a "World Elite" card?! The included pamphlet says "Your guide to World Elite MasterCard benefits." I am VERY confused. I definitely applied for the Quicksilver card in the promotion link posted here. What should I do?

    • World Elite is just a categorization by MasterCard, typically based on your credit limit. It gives you the aforementioned additional benefits, on top of the Quicksilver benefits from C1. You got what you applied, and a bit more :)

  • 753 credit score, still declined.

    6/12 lol maybe.

    At this point, its probably more likely to be struck by lightning than being approved.

  • It's bizarre hearing how people get declined while seeming to have a pretty good CR. On top of that many frown upon it because it checks all 3 bureaus. Somehow, someway I got one while my credit took a hit from a bad divorce where I was forced to file bankruptcy. I think my CR was somewhere around 660 at the time and I was approved for $11k. I'm not an expert on this stuff so I have to wonder what other variable is in the mix that got me approved while others aren't.

  • Quicksilver was great. I used it a lot a few years ago but now with so many better options its been sock drawered for a while now. I am hoping they up it to 2.5% cash back on all purchases to really shake things up a bit.

    • dont feel bad. CapOne is ridiculous with approvals. they don't want credit worthy people...or responsible people...or people that even pay their bills

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