topic Re: Cap1 QuickSilver Cashback in Credit Cards

Cap1 QuickSilver Cashback

Anonymous — Wed, 12 Sep 2018 04:07:01 GMT

Do you think Capital One will ever increase the cash back on the QS to compete with the likes of Citi DC, Paypal 2% MC, BBVA, etc.?

Re: Cap1 QuickSilver Cashback

Medic981 — Wed, 12 Sep 2018 04:48:46 GMT

Only if it makes business sense to them. With the CCCs making profit hand over fist, I have a hard time imagining that they wouldn't. But who knows, Cap1 is an odd duck.

Re: Cap1 QuickSilver Cashback

staticvoidmain — Wed, 12 Sep 2018 15:56:07 GMT

Unlikely, IMO, unless everyone else does (Amex Cash Magnet, Chase Freedom Unlimited, Wells Fargo Cash Wise, HSBC Cash Rewards, US Bank Cash 365, etc.). I would say that Capital One might, but their decision on the Savor/SavorOne does not make sense to me when the Uber Visa card exists. Although, who knows?

Re: Cap1 QuickSilver Cashback

Anonymous — Wed, 12 Sep 2018 16:03:52 GMT

Upping QS to 2% will render their flagship Venture (2% with AF) useless, as well as cutting into Savor (AF)/Savor One's 2% category, reasons why I doubt it will happen without revamping their entire lineup.

Re: Cap1 QuickSilver Cashback

Shooting-For-800 — Thu, 13 Sep 2018 00:26:46 GMT

I think Cap One may do 2% with QS.

Perhaps 2% with QS and 1.5% with QS1.

They need to do 3% with Venture.

Perhaps 2% with VentureOne.

see the pattern?

Re: Cap1 QuickSilver Cashback

FireMedic1 — Thu, 13 Sep 2018 14:49:22 GMT

Just saying..............................

Re: Cap1 QuickSilver Cashback

Anonymous — Fri, 14 Sep 2018 13:46:03 GMT

@Shooting-For-800 wrote:
I think Cap One may do 2% with QS.
Perhaps 2% with QS and 1.5% with QS1.
They need to do 3% with Venture.
Perhaps 2% with VentureOne.

see the pattern?

Yes, we see the pattern, but of course it is entirely made up!

As others have said, there needs to be a business driver to do so, and we have no idea if QS is experiencing any drop in profits due to competitor cards. My guess is that in the general population, people stay loyal to their cards (unless something bad happens), so if I have a QS, I don't shop around for better deals, just use what works. And with new cards being launched offering 1.5%, it's not as if the QS looks so out of date.

And even here, people make what seems to me to be "strange" decisions: e.g. going for the Cash Magnet and keeping Venture with an AF after the first year.

Re: Cap1 QuickSilver Cashback

Shooting-For-800 — Fri, 14 Sep 2018 13:47:28 GMT

@FireMedic1 wrote:
Just saying..............................

we can dream can't we?

Re: Cap1 QuickSilver Cashback

SomewhereIn505 — Sat, 15 Sep 2018 13:22:52 GMT

@FireMedic1 wrote:
Just saying..............................

LOVE IT!! 😂😂😂

Re: Cap1 QuickSilver Cashback

Brian_Earl_Spilner — Sat, 15 Sep 2018 14:14:36 GMT

@Anonymous wrote:
@Shooting-For-800 wrote:
I think Cap One may do 2% with QS.
Perhaps 2% with QS and 1.5% with QS1.
They need to do 3% with Venture.
Perhaps 2% with VentureOne.

see the pattern?
Yes, we see the pattern, but of course it is entirely made up!

As others have said, there needs to be a business driver to do so, and we have no idea if QS is experiencing any drop in profits due to competitor cards. My guess is that in the general population, people stay loyal to their cards (unless something bad happens), so if I have a QS, I don't shop around for better deals, just use what works. And with new cards being launched offering 1.5%, it's not as if the QS looks so out of date.

And even here, people make what seems to me to be "strange" decisions: e.g. going for the Cash Magnet and keeping Venture with an AF after the first year.

I think its more that people dont know any better. Before I came on here, I had no idea about penfed, bbva, and dcu. People know the quicksilver from all the commercials they're bombarded with.

I also agree about the cash magnet. People here lose their minds if someone gets a 1.5% instead of 2% card, but go gaga for the magnet. Once the sub is done, then what? You still have a 1.5% card.

Re: Cap1 QuickSilver Cashback

UpperNwGuy — Sat, 15 Sep 2018 22:34:58 GMT

Remember.... Capital One is not directly competing against most of the 2% card issuers. Capital One has always targeted folk with low FICO scores, whereas Citi, Fidelity, PenFed, Alliant, and most of the other 2% card issuers target folks with higher FICO scores. Capital One is probably the best cashback deal in town for folk with low FICO scores, because they can't get the 2% cards, so Quicksilver will continue to be profitable for Capital One at 1.5%.

A bigger mystery to me is why NFCU has not increased the no-fee cashRewards Visa from 1.5% to 2%. NFCU's two biggest competitors for the military market are PenFed and USAA, and both of those have a 2% card with no annual fee. While NFCU does have a 2% card, the Flagship, it has a $49 annual fee.

Re: Cap1 QuickSilver Cashback

Anonymous — Sat, 15 Sep 2018 22:49:34 GMT

When Jules tells you to get the MFing card, you get the card.