The Quicksilver card from Capital One was my very first experience with cash
back credit cards. Duane here with how to build credit TV
and in this video I'm gonna talk to you about the Quicksilver card and show you
how to redeem your cash back on your Quicksilver card but before we get
started I have a quick message.
Once again my name is Duane with how to build credit TV and on this channel we
talked about everything you need to know about credit, credit cards and how to
make money using credit cards. As a matter of fact I was able to make over
$1,700 using one credit card. So if this sounds like something which you're
interested be sure to subscribe to our channel by clicking the words subscribe
below this video to the right and click that notification bell so you don't miss
a thing. Ok like I stated in the beginning of this video the Quicksilver
card was my very first experience with Capital One. As a matter of fact the
Quicksilver card was my second credit card with Capital One. The very first
credit card that I had with capital one was the capital one platinum card. I had
that card when I was starting to rebuild my credit about 4 years ago. So that was
a very first credit card that I had from Capital One when I was trying to rebuild
my credit and then after about a year or so I got an offer in the mail from
Capital One regarding the Quicksilver card. Now when I got the offer in the
mail I'm not even sure if there was a signup bonus like $150 like you can get
now if you sign up for the Quicksilver card. But what enticed me about that
particular offer was the fact that my credit limit was going to be increased
automatically after making five monthly payments on time. So I was like okay I
definitely want to make sure that I get a credit limit increase. I knew the
importance of having multiple credit cards and certainly having a higher
credit limit, so that was enticing to me right out the gate. I was like okay cool
after five months they're going to improve or increase my credit line and I
totally want to do that so that was kind of the main reason why I applied for the
Quicksilver card initially. I totally don't remember if I had any idea about
the cash back, the 1.5% cash back. I had never really dealt with cash back prior
to that so I wasn't really worried about it I was like okay cool credit limit
increase that's right up my alley. And real quickly there are two different
Quicksilver card that capital want offers right now. One of the Quicksilver
card has no signup bonus and it has an annual fee of $39 and the type of credit
score that you need or credit range is average credit. There's another
Quicksilver card that has a sign up bonus of 150 dollars once you spend five
hundred dollars within the first three months and that has no annual fee. So
once again there are two different Quicksilver cards. I made a video talking
about just that that there are two Quicksilver cards and I'll go ahead and
link the video at the top right of this video and at the end of the video if you
want to wait to the very end to check that video out. Okay so I had my
Quicksilver card for a couple of months and I was just kind of like I say trying
to get that credit limit increase initially and of course I'm paying my
bill on time and I'm starting to see that I'm getting cash back. And I was
like okay this is kind of cool I'm getting cash back. One of the things that
I do like about the Quicksilver card and Capital One using the app is that you're
able to see your cash rewards as soon as you make your purchase. So you make your
purchase and then within a couple of days whenever the purchase posts to your
account you're able to see the cashback that you've earned from that particular
purchase inside the Capital One app. So I totally like that a lot
Capital One it's one of the few banks or a few credit cards that allows you to
see your cash rewards as they're coming in while it happens as opposed to
waiting till the end of the billing cycle to see the cash back rewards. So I
totally like that about Capital One. What I'm gonna do right now is I'm gonna jump
on my phone and start a screen recording for you guys and share with you guys I'm
gonna show you my Capital One account with my Quicksilver card. And I'm gonna
show you how to redeem the cash back using your Capital One app. Okay so I
started a screen recording on my iPhone and I'm gonna go ahead and put that on
the screen so that you guys can see. I'm going to touch my finance folder and
then I'll touch on Capital One and it's gonna pull it up here I'm gonna put my
touch ID so that it can unlock and enter my password. Okay here we go so I'm doing
that right now for you guys. Alright so as you can see it's pulling up my
account here eventually. Alright so the Quicksilver card is the
card that's at the top it says Quicksilver. And I'm going to touch on it
as you can see there's a balance on the card right now of 46 dollars and 30
cents and you can also see my cash rewards currently is $52.99. Now
this cash rewards has been here or rewards cash it's been here for a long
time. I really don't use this card that much this has accumulated and maybe a
year and a half because I've really been using my Discover card to get all my
cash back recently. Because Discover card matches your cash back for the first
year of membership. So this has been here a while so I want to go in to show you
guys what happens when you're ready to redeem your cash or use your cash on
your Quicksilver card. So I'll go ahead and touch rewards cash here on the
screen and as you can see it's pulling up what I can do it says redeem a
purchase which is the same thing as a statement credit. I'm not sure why it
says that but I guess it's more specific to one purchase. You can you know apply
that cash back towards that one purchase. You can redeem for a gift card I'll go
ahead and touch on that to kind of show you guys what some of the options are as
far as gift cards that capital one offers that you can use your cash back
to redeem. My phone is taking forever to open this I'm sorry guys I'm on a iPhone
6s so not sure why it's taking forever. Okay there we go finally okay so here
are some of the things that you could use a gift card you can redeem your cash
back for a gift card which is pretty good. Christmas is coming and you know
Christmas, birthdays I mean there's all kinds of reasons why you'd want to use a
gift card or give somebody a gift card. So there's Amazon, there's amc, there's
iTunes, there's Applebee's, there's autozone
there's Barnes & Noble, there's bath & Bodyworks, there's Best Buy so on and so
forth. I'm just gonna scroll down here so that you got some kind of see there's
Buffalo Wild Wings, there's Burlington there is outback steakhouse, flemmings
or what is it yes Fleming's, Carrabas, Dave Buster's,
Domino's, Dillard's it Dillard's is still out there.
I'm not sure but as you can see here there's quite a bit of gift cards that
you can redeem using your cashback so that's a pretty cool option if you guys
would like to do that, just kind of show you guys what's available here.
So that's what you can do with your cash back for me personally I'm going to pay
my bill right now that I have sitting on my account so I'm going to go ahead and
click on credit your account. Which I normally don't do but you know I'm gonna
do it because it's been sitting here for a while. So I think my balance was 46
dollars and 30 cents. So I don't know maybe it won't let me do it let's see
let's see how close I can get 46 dollars and 31 cents. Let's see what happens I'm
gonna slide to redeem let's see if it'll allow me to do that since it's actually
1 cent more okay cool it did. So I went ahead and did that and it's gonna show
me my balance right now my rewards cash balance is six dollars and sixty eight
cents right now. And I'm gonna go back to the home screen and eventually it will
reflect on my account that I've use my cash back balance to pay for my
Quicksilver card bill which was forty six dollars and thirty cents. Thank you
so much for watching this video about the Quicksilver card. If you liked the
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comments below I'll answer them as soon as I see them. If you haven't subscribed
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talk about everything you need to know about credit, credit cards and how to
make money using credit cards. If this sounds like something in which you're
interested be sure to subscribe to our Channel and click that notification
bells so you don't miss a thing. Once again my name is Duane with how to
build credit TV and I approve this video. I'll see you in the next video. Until
next time take care and be blessed. Peace!