Capital One Quicksilver Student Cash Rewards Credit Card

 The Capital One Quicksilver Student Cash Rewards Credit Card is a flexible cash-back rewards card tailored to high school and college students. With unlimited 1.5% back and no annual fee, it can help young adults earn money on expenses while building a responsible credit history.

New student cardholders can take full advantage of the generous intro 0% APR offer, getting over a year to pay for large textbooks, laptops, or other school needs interest-free. This provides substantial upfront savings on expensive supplies that normally rack up finance charges immediately. Whether you space smaller textbook costs over several months or make large upfront technology purchases you pay off slowly, the deferred interest period gives breathing room for big expenses.

The ongoing double benefits of uncapped 1.5% cash rewards and no foreign transaction fees make the Quicksilver Student card stand out abroad and daily. When studying internationally or vacationing over school breaks, cardholders avoid excessive charges on overseas purchases. All household necessities, school supplies, and discretionary expenses earn competitive cash back on campus and around town. From small-dollar print shop jobs to large payments toward student loans, the unlimited rewards add up through cash statement credits. With flexible payout options, students can redeem earnings right when they’re most useful.

Capital One Quicksilver Student Cash Rewards Credit Card

Eligibility Requirements Quicksilver Student Cash Rewards Credit Card

The Capital One Quicksilver Student Cash Rewards Credit Card has some eligibility requirements to qualify, including valid student status verification as a high school, college, university, trade school, or other accredited enrollment; a fair credit score though limited history is allowed with no prior credit card required; income sources like part-time work, scholarships, or parental support to demonstrate the ability to manage payments. Understanding if you meet the approval criteria related to student status, credit history, income level, and financial resources can determine if this card is readily accessible for your situation as a student applicant.

Student Status

First and foremost, you must have a valid student status to apply. That includes anyone enrolled in the following:

  • High school
  • College
  • University (undergraduate or graduate level)
  • Trade school
  • Other accredited educational institutions

You’ll need to verify current enrollment during the application process.

Credit History

As a student card, the Quicksilver Student Cash Rewards Credit Card is accessible even if you don’t have an extensive credit history yet. However, most applicants do need to demonstrate at least some credit experience:

  • Limited credit history is allowed
  • No prior credit card is OK
  • Need a credit score in the fair range

Building in authorized user status and other ways to establish on-time payments can help meet approval criteria if you have limited existing credit accounts.

Income Requirements

For any credit card, issuers want to see that you have sufficient income to manage ongoing payments. For high school and college students, that generally means:

  • Part-time job income is acceptable
  • Scholarship funds can qualify
  • Parents can support the application
  • No specific income threshold is publicly listed

As long as you demonstrate some reliable financial resources to pay your credit card bill each month, you can potentially get approved.

Compared to other student cards, the Quicksilver Student Cash Rewards Credit Card has relatively accessible eligibility requirements regarding your credit score, income sources, and other qualifying criteria. Cards like the Discover Student Chrome have similar approval requirements.

Capital One Quicksilver Student Cash Rewards Credit Card

Rewards & Redemption Quicksilver Student Cash Rewards Credit Card

One of the stand-out features of the Capital One Quicksilver Student Cash Rewards Credit Card is the unlimited 1.5% cash back you’ll earn on every single purchase. There’s no cap on total rewards earned, and the flat-rate rewards structure makes earning easy to track.

Unlimited 1.5% Cash Back

No matter what you buy with your Quicksilver Student card, you’ll automatically earn 1.5% cash rewards to redeem or use towards statement credits. Common student purchases that will rack up cash back include:

  • Dining out and late-night snacks
  • Groceries & dorm room necessities
  • Tech gadgets & electronics
  • Study supplies, textbooks, printing
  • Entertainment expenses like movies, concerts
  • Travel costs for spring break & holidays
  • Gas for commuting to campus

Plus, there are other routine or unexpected expenses while going to school. It all earns the standard 1.5%.

Redeeming Rewards

Once you start accumulating those cash rewards in your account, redeeming them is quick and convenient through these flexible options:

  • Statement credits: Apply rewards as statement credits to lower your monthly bill. It’s a great way to reduce costs over time steadily.
  • Cash deposits: Redeem to your bank account in increments of $20 or more—quick access to cash.
  • Gift cards: Popular retailers and platforms available. Good for planned big purchases.

With no rewards expiring while your account remains open, you can let earnings grow over several statement cycles before redeeming. And there are no blackout dates or restrictions on how to use rewards.

The 1.5% flat rate cash back structure allows simple tracking and earnings projections. Redemption flexibility keeps rewards useful for a variety of student-saving goals.

Competitive Rewards Rate

Compared to other student cards, the Quicksilver Student Cash Rewards Credit Card offers one of the highest published rewards rates with unlimited 1.5% cash back on all eligible purchases. Here’s a look at how it stacks up:

  • Capital One Quicksilver Student: 1.5% cash back
  • Discover Student Chrome: 2% cash back on gas & dining, 1% on other purchases
  • Bank of America Travel Rewards for Students: 1.5x points on all purchases (values vary)
  • Journey Student Rewards from Capital One: 1% cash back

With its flat rewards rate across every type of purchase and no rotating categories to track, the Quicksilver Student card makes earning and redeeming cash back easy and reliable.

Other Card Benefits Quicksilver Student Cash Rewards Credit Card

In addition to its highly competitive rewards program, the Quicksilver Student card packs several other value-adding benefits that cater nicely to student lifestyles and spending needs.

Introductory 0% APR

One major perk for new Quicksilver Student cardholders is getting a 0% introductory APR for the first 15 months on both new purchases and balance transfers. This gives over a year to pay for big textbooks, a laptop, or other school expenses without accruing interest charges. It should be noted that 19.99% – 29.99% variable APR after the first 15 months. A balance transfer fee applies in all cases

To leverage the 0% APR intro period, pay off applicable balances by the end of 15 months. After the intro period ends, the remaining balances will start incurring the standard variable purchase and balance transfer APR applied to your account.

No Foreign Transaction Fees

Students who travel internationally, whether for study abroad semesters, spring break trips, or seeing family overseas, will appreciate the Quicksilver Student card not charging foreign transaction fees. This means no 3% charges are applied to purchases outside the United States. One less cost to worry about while abroad!

Other student cards, like the Journey Student Rewards, offer this overseas perk. However, some competitors like Discover don’t yet waive foreign transaction fees.

Additional Card Benefits

The Capital One Quicksilver Student Cash Rewards Credit Card rounds out its value proposition for students by including these additional advantages:

  • Credit limits starting around $300 for responsible spending flexibility
  • No annual fee, avoiding unnecessary charges
  • Account history reporting to all three credit bureaus to build positive credit references
  • Fraud coverage for unauthorized transactions or stolen card issues
  • 24/7 US-based customer support for any questions or card servicing needs

All these ancillary benefits tied to a single student credit card provide daily convenience and financial safeguards.

Capital One Quicksilver Student Cash Rewards Credit Card

Fees & Credit Limits

Compared to traditional credit cards for adults and more established borrowers, student cards usually have lower credit limits and fewer fees. This helps younger cardholders manage spending responsibly while still allowing some flexibility to get started, demonstrating positive credit behaviors.

Fees Overview

The Capital One Quicksilver Student Cash Rewards Credit Card

aims to be affordable for student budgets by limiting extra fees, with typical charges including:

  • No annual fee
  • No foreign transaction fees
  • Potential late payment fee of around $40
  • Possible penalty APR for missed payments

As long as you pay your monthly minimum on time each billing cycle, you can avoid penalty rates and late fees. Compared to many other student cards, the straightforward fee structure helps support responsible usage habits.

Student Credit Limits

Credit card companies determine appropriate credit limits for each approved applicant based on eligibility factors like projected income, existing open accounts, credit score, and past usage tendencies.

For student cards like the Quicksilver Student offering, initial credit limits often start around:

  • $300 for younger high school students
  • $500 for college undergrads
  • Up to $2,000 for grad students and others showing higher financial resources

Depending on your starting limit and ongoing spending patterns, you may qualify for periodic automatic increases up to an account maximum of around $5,000 to $10,000. Contacting Capital One after five months to request an increase is another option once you demonstrate responsible card management.

Let’s summarize Quicksilver Student Cash Rewards Credit Card

Finding your first credit card as a high school or college student involves evaluating rewards offerings, fees, and other features to match your priorities. The Capital One Quicksilver Student Cash Rewards Credit Card stands out as a leading option with its unlimited 1.5% cash back on all purchases, flexible redemption choices, 0% intro APR offer, and additional student-centric benefits.

It provides exceptional rewards, earnings, and perks for moderate spending and borrowing compared to many student cards. If you meet eligibility requirements related to credit history, income sources, and student status verification, applying for the Quicksilver Student card can supplement other accounts in responsibly building your financial profile for the future. With smart everyday usage, it’s a great platform to maximize cashback rewards today while developing wise money management habits for life.

Disclaimers: The information contained in this article is for informational purposes only and should not be construed as financial advice. While we strive to provide accurate information, details can change. It’s recommended to verify current terms and conditions directly with Capital One before applying for the Quicksilver Student Cash Rewards Credit Card. Capital One reserves the right to modify or discontinue this card and its features.

Who is eligible for the Quicksilver Student Cash Rewards Credit Card?

You need to have valid student status, including being enrolled in high school, college, trade school, or other accredited schools. You’ll also likely need a fair credit score and some credit history, even as an authorized user. With part-time income or other financial aid for paying bills, most students can qualify.

What kind of rewards and perks does the Quicksilver Student Card offer?

The Quicksilver Student card provides an unlimited 1.5% cash back on every single purchase without caps on earnings. You can redeem cash rewards as statement credits to lower bills, direct deposits, or gift cards. The card includes perks like 0% intro APR on purchases and balance transfers for 15 months.

Does this Quicksilver Student Card have an annual fee or foreign transaction fees?

No, the Quicksilver Student card does not charge an annual fee or foreign transaction fees, making it affordable for student budgets. You may incur fees for late payments or penalty APRs if you miss payment due dates.

What kind of credit limit can students receive?

Initial Quicksilver Student card limits often start around $300 for high school students and $500 for college undergrads, then increase over time with responsible usage up to between $5,000-$10,000. Contact Capital One or request a bump after five months of on-time payments.

How does the Quicksilver Student Card compare to other options?

With unlimited 1.5% cash back and solid perks like 0% intro APR, it competes well against alternatives like the Discover Student Chrome and Bank of America Travel Rewards for Students cards. Review rewards rates and fees to determine the optimal match.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top