Is It Possible For A New Capital One Quicksilver Launch?

[Anonymous]

So...now that they've change the reward level for Savor...any chance they will make the Quicksilver Card a 2% cash back card?

Sure would be nice!

[staticvoidmain]

I gave up on this thought when I applied for the PayPal cashback 2%.

[Anonymous]

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@staticvoidmain wrote:

I gave up on this thought when I applied for the PayPal cashback 2%.

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The chance always exists, though, that if the PayPal 2% MC, which seems to be aimed at more or less the same market as the QS, becomes popular enough, Capital One might want to compete and thus up their game with the QS. I wouldn't mind if that happens.

[imaximous]

They'd have to revamp the Venture too. Both cards at 2% and 1 with no AF wouldn't be great idea.
The Savor move was bad, IMO. The AF card is just a churner unless you can really spend over $9,500 on 4% categories after the first year to beat the no AF card.
IDK, I really like Cap One, but I hate that they can't launch a better premium travel card. Maybe one day...

[staticvoidmain]

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@Anonymous wrote:

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The chance always exists, though, that if the PayPal 2% MC, which seems to be aimed at more or less the same market as the QS, becomes popular enough, Capital One might want to compete and thus up their game with the QS. I wouldn't mind if that happens.

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I'd still welcome the move. This might also trigger a 2% cashback war: consumer wins. I also do like Capital One better than Synchrony. However, though, this seems unlikely to happen anytime soon, if it even happens. I think bigger players are content with 1.5%, for now. Even Amex just released the Cash Magnet (1.5%) — which they believe is still highly relevant (but pointless for me, personally).

[xaximus]

Ideally, it would be nice to have the QS have 2% CB but with their SavorOne card just coming out, I don't think they will be making any changes soon. IMHO - most of their cards are average at best. The 1st year is generally good, but if you have an AF, it's mediocre at best. There's many cards out there that beat most, if not all, of Cap1's cards. Especially the ones that have an AF.

To me - it would have to be 3% for the card to be relevant and to attract a lot more users. Since I have several cards that are giving 1.5% to 2%, I barely use the QS anyway. 2% would definitely bring in some but Citi DC is available at 2%. To me, Cap1 has to differentiate from the current market and go out there, atleast 2.5%. That would be a market changer.

[SBR249]

In all honesty, I've always thought of Capital One's card line up as "good enough" but not "market leading" and so far it's been mostly true. May have something to do with the fact that they are not known for going after the premium high end of the market. In any case, as much as I'd like for them to, I wouldn't hold my breath for them to all of a sudden come out with a blockbuster no-AF card or even an AF card. The QS is one of my older cards, so I've basically resigned myself to putting a monthly newspaper subscription on it and calling it a day. 

[Shooting-For-800]

Here is what I think they should do...

Venture

$95 AF

$500 SUB

Metal card

3% on everything credited towards travel purchases 

10% back on Uber and Lyft

10% off Hotels.com

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Venture One

$0 AF

$250 SUB

Plastic Card

2% on everything towards travel purchases

10% back on Uber and Lyft

10% off Hotels.com

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QS

$95 AF

Metal Card

$250 SUB

2.5% cash back on everything

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QS1

$0 AF

Plastic Card

$0 SUB

2.0% cash back on everything

I think they could really dominate the rewards world if they could afford it.

[SBR249]

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@Shooting-For-800 wrote:

Here is what I think they should do...

QS

$95 AF

Metal Card

$250 SUB

2.5% cash back on everything

QS1

$0 AF

Plastic Card

$0 SUB

2.0% cash back on everything

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I think a $95 AF for 2.5% CB is a bit rich even with a SUB. Alliant only charges $59 AF after the first year for their 2.5% CB card and you get 3% during the first year. Considering an explicit requirement for the card is $50K+ annual spend, that extra 0.5% equates to $250 extra in the first year as effectively an SUB. So still not really market leading.