I closed mine, just didnt need it and it remains onfile for up to 10 years post close anyway. I have no phobia of losing an oldest account once it drops in 10 years.
I hesitate to close my Quicksilver but I've considered it.
- It's one of my only two Mastercards.
- Not my oldest card by far but open over 12 years now.
- I spent a lot effort growing it from a $1K SL to $25K.
- It has a reasonably-low APR of 11.90%, not bad for a rewards card.
- No FTF on a No-AF card is a good deal, enough though I have others like that.
- Lender Diversity with one of the major credit card players is a factor.
- Quicksilver was an industry-leader in 1.5% uncapped cash back. I have hopes they might enhance the card again or offer a PC to a more competitive product.
- Easy no-minimum redemption as soon as charges post probably influenced several other large lenders to follow suit.
- Capital One has good tech support (Mobile app and website.)
- Capital One has good fraud prevention. (They've alerted me to fraud immediately and before I had to report it.)
- Capital One has good customer service based on my interactions with them.
In general, despite a few irritants like their triple-pull approvals, bucketed cards, or burdensome CLIs, I've had an overall positive experience with Capital One and think they're a lender I would like to keep in the fold.
@Aim_High wrote:I hesitate to close my Quicksilver but I've considered it.
- It's one of my only two Mastercards.
- Not my oldest card by far but open over 12 years now.
- I spent a lot effort growing it from a $1K SL to $25K.
- It has a reasonably-low APR of 11.90%, not bad for a rewards card.
- No FTF on a No-AF card is a good deal, enough though I have others like that.
- Lender Diversity with one of the major credit card players is a factor.
- Quicksilver was an industry-leader in 1.5% uncapped cash back. I have hopes they might enhance the card again or offer a PC to a more competitive product.
- Easy no-minimum redemption as soon as charges post probably influenced several other large lenders to follow suit.
- Capital One has good tech support (Mobile app and website.)
- Capital One has good fraud prevention. (They've alerted me to fraud immediately and before I had to report it.)
- Capital One has good customer service based on my interactions with them.
In general, despite a few irritants like their triple-pull approvals, bucketed cards, or burdensome CLIs, I've had an overall positive experience with Capital One and think they're a lender I would like to keep in the fold.
There's no way I would close your QS.
If everybody had your experience with Cap 1, I think a lot of people would feel differently about them. I do like a lot of things about the card, and especially the app, redemption, and instant crediting of payments.
I hope at some point they offer a card that would benefit us, because there is a lot to like about them. I wish they'd offer some kind of 5% card, because I'd be all over that.
As it is now, the only card they offer that would even come close to benefiting us would be the Savor, but as it is now, I get 3.75% on dining with my Synovus Travel Rewards with a $50 AF vs 4% dining on the Savor with a $95 AF, so it doesn't make sense for us.
C'mon Cap 1 - boot Samuel L and Jennifer Garner and save some money by getting "Ron from Cap One" to do your advertising and offer us some good cards! 😂😂😂
@JNA1 wrote:
@Aim_High wrote:I hesitate to close my Quicksilver but I've considered it ...
There's no way I would close your QS.
If everybody had your experience with Cap 1, I think a lot of people would feel differently about them. I do like a lot of things about the card, and especially the app, redemption, and instant crediting of payments.
I hope at some point they offer a card that would benefit us, because there is a lot to like about them. I wish they'd offer some kind of 5% card, because I'd be all over that ...
Thanks for the feedback, @JNA1. Yes, I think I value it too much to close it but at the same time, it doesn't add much rewards value in present format.
I've spent a lot of time improving my card lineup in recent years. There's a part of me that wants to focus on my best cards (only) and close the lesser-used ones. Some degree of simplicity is part of my strategy, although I balance the simplicity with lender diversity and rewards potential. In the past two years for uncapped and uncategorized spend, I've added the AOD FCU Visa for 3%, Bank of America Premium Rewards (with Platinum Honors) for 2.625%, the Goldman Sachs Apple Card for 3%/2%/1%, and the PenFed Power Cash Rewards for 2%.
My Apple card is the closest thing to replacing the Quicksilver. It's also a Mastercard. It's also with another major US bank. It has a slightly lower APR of 10.90% versus 11.90% on QS. It also has no FTF. I've worked it to a higher credit limit of $30K versus $25K in a shorter amount of time that it took to get that Capital One limit. If used in the proper context for better rewards, it has the ability to outearn QS even though the base rate with the physical card is only 1% versus the 1.5% on QS, since it offers 2% on Apple Pay and 3% on selected merchants including Apple. And, for aesthetics, it's a cool premium titanium metal card. 
For now, I'll probably continue to keep QS open with some periodic usage. But if I go for another five years and Capital One has not either enhanced the product or offered PC to a more attractive new card (besides the present-version of Venture or Savor), it will become increasingly hard to justify keeping it open.
One of my long term plans was to get a PayPal MC as a foreign charges card for 2% cash back and no AF, and possibly drop the Cap1 QS. But then I heard PPMC is adding FTF so I guess I'm keeping the QS.
Yeah there are other cards with 2% and no FTF but they typically have many strings attached which the QS doesn't have.
