How do I upgrade to Quicksilver Cash Rewards?

All credit cards have different features, benefits, and costs making it easy to get one that suits your needs and credit score. However, things can change in your life that can cause you to want to change credit cards. Whether it’s an improved credit card, an increase in income, or a change in lifestyle, there are many reasons to want to upgrade your credit card to fit these needs. In this article, we will go over the way to do this with Capital One and specifically how to upgrade to Quicksilver Cash Rewards.

How does the Capital One Quicksilver card work?

The main benefit of the Capital One Quicksilver Cash Rewards card is unlimited 1.5% cash back on every purchase. Additionally, you can earn $150 in cash back when you spend $500 in the first three months on opening a Quicksilver account. Like most other Capital One cards, the Quicksilver card is also eligible for the Amazon rewards program where additional points can be earned by using the card at Amazon.com with no additional fees. You also have access to Capital One Experiences which are exclusive events available only to cardholders and can include things like VIP tickets or five-star culinary experiences. On top of all that, there are no annual fees or foreign transaction fees, and rewards can be redeemed any way you want as long as the account is open. The rewards points can be redeemed directly for cash, for covering recent purchases, and for gift cards. The credit card includes a 0% APR for an introductory period of 15 months, which will then change to either 15.49%, 21.49%, or 25.49% based on your creditworthiness. Lastly, there are transaction fees of 3% on both transfers and cash advances.

How do I change to the Quicksilver credit card?

After seeing all of the excellent benefits that the Capital One Quicksilver Cash Rewards card offers, you may want to upgrade to it from a previous card. For this to be possible, you will need excellent credit to be accepted. Capital One is one of the best banks for being able to switch between cards, and will frequently give you notifications about upgrading to cards that you prequalify for. Alternatively, you can either call their customer service number to discuss your options or use your account online. If you qualify for the Quicksilver card, or another desired Capital One credit card, you can upgrade either over the phone or online. Capital One reviews its customers’ accounts regularly, so continue to check back if you do not immediately qualify for the desired card. There is no strict time requirement for how long you’ve had your current card, but it is recommended that you wait at least six months to demonstrate your reliability on payments to the bank. 

What happens if I want to upgrade to a card that offers cash back instead of miles?

Capital One is also much more flexible than most issuers when it comes to changing between cards. They allow you to switch between cash back and travel cards with no restrictions. The best way to be able to qualify for an upgrade (or downgrade) is to have a good account standing with Capital One. Maintaining a positive reputation will increase the likelihood of the issuer allowing a change in accounts. 

What will change when I upgrade my Capital One credit card?

When upgrading to the Quicksilver Cash Back Rewards card, some things will change in regards to your account that it is important to be prepared for. Because you are changing cards, the card verification value (CVV) and expiration date will both change. However, the card number itself will remain the same. Most importantly, the current balance of your rewards will be transferred between accounts. If you are switching between a card that offers cash back and a card that offers miles, each dollar in cash back is equal to 100 miles. Your credit limit and APR will also stay the same, making the adjustment to a new card more seamless. Finally, it is important to understand that you will not receive an introductory period with a reduced APR when changing between cards and you need to pay attention to any additional fees that the new card may carry. The Quicksilver Cash Rewards card offers many benefits and will be worth upgrading to if you qualify.