Just my thoughts

[CreditExpressNJ]

So i was sitting here thinking looking at all the other 1% Cash back cards out here how is it that Cap1 are such sticklers when .5% is not really much i think they should get with the program ... Am i the only one thinking like this because the more i think of it makes me want to close my QuickSilver One card.... Plus it has an AF ..

[gdale6]

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@shaun2009 wrote:

So i was sitting here thinking looking at all the other 1% Cash back cards out here how is it that Cap1 are such sticklers when .5% is not really much i think they should get with the program ... Am i the only one thinking like this because the more i think of it makes me want to close my QuickSilver One card.... Plus it has an AF ..

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.5%, cap 1 has no such program that I am aware of, their minimums for the last few years were 1%, the QS is a 1.5% everyday no limit offer. I would contact the EO immediately if you actually have a ,5%

[CreditExpressNJ]

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@gdale6 wrote:

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@shaun2009 wrote:

So i was sitting here thinking looking at all the other 1% Cash back cards out here how is it that Cap1 are such sticklers when .5% is not really much i think they should get with the program ... Am i the only one thinking like this because the more i think of it makes me want to close my QuickSilver One card.... Plus it has an AF ..

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.5%, cap 1 has no such program that I am aware of, their minimums for the last few years were 1%, the QS is a 1.5% everyday no limit offer. I would contact the EO immediately if you actually have a ,5%

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I think i wasnt clear in my first post what im doing is a comparison versus other 1% cards making the only tiny wow affect to the QuickSilver being .5% ..... 

[Kenny]

I would go the EO route to remove the AF and then you don't have to worry about whether or not it's more profitable, because it will definitely be.

However, if you want to get rid of it --- do. If the only reason you want to close is AF then get EO to remove it... and tell them you have no qualms closing if they don't remove the AF.

[Creditaddict]

UMMM .5% on every day spending "COULD" mean a lot, that just depends on the user though... but for me... now that 1.5% is out there and we have 2% on fidelity... I would be MAD if I had to use anything less than 1.5%!!

we spend thousands a month and over the year that would be  big.

[indiolatino61]

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@shaun2009 wrote:

So i was sitting here thinking looking at all the other 1% Cash back cards out here how is it that Cap1 are such sticklers when .5% is not really much i think they should get with the program ... Am i the only one thinking like this because the more i think of it makes me want to close my QuickSilver One card.... Plus it has an AF ..

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IME, Cap1 has been good at waiving the AF. I contact the EO a month before each AF is due and they have yet to say no. Good luck to you.

[Anonymous]

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@shaun2009 wrote:

So i was sitting here thinking looking at all the other 1% Cash back cards out here how is it that Cap1 are such sticklers when .5% is not really much i think they should get with the program ... Am i the only one thinking like this because the more i think of it makes me want to close my QuickSilver One card.... Plus it has an AF ..

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If the EO can't fix it, it is a fairly easy calculation.  First, looks like you have a free 1% card(s).  So then, what is your annual spend that you would put on this card.  Does the additional 0.5% more than make up the AF you pay.  If not, certainly close it.  But hopefully the EO can get rid of the AF.

But a lot of the differences we worry about 1%, 1.5% or 2.0% are fairly small unless you are putting a lot of money through.  The bigger values come from sign-up bonuses, MS with uncapped 5% cards or travel rewards with smart redemptions.  So certainly don't pay money for the 0.5% unless you make a clear profit and you don't get too annoyed with Cap One!

[CreditExpressNJ]

Yea i dont spend on it much I mostly use my other card just for the fact that they seem to live above who they actually are CapitalOne is some what sub-prime I'd say but they make everything that much harder than Discover, Amex, USB , Credit Unions just overall just looking over the post here and IME... They are the one company that you have to contact an Executive office for Recons whats the meaning of that how is it that other bigger lenders have an underwriting department we can contact while them you have to email the CEO to get someone that actually cares and will hear you out.

[Anonymous]

THere are enough issuers out there in general so there is no need to stick with one that is unsatisfactory.  Capital One can be hard to work with, especially needing EO help to get much done, but for some, including me,once you get reasonable limits,  their cards work well, and the QS, with the ease of redemption, is certainly among the best in its class.

[Themanwhocan]

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@shaun2009 wrote:

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@gdale6 wrote:

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@shaun2009 wrote:

So i was sitting here thinking looking at all the other 1% Cash back cards out here how is it that Cap1 are such sticklers when .5% is not really much i think they should get with the program ... Am i the only one thinking like this because the more i think of it makes me want to close my QuickSilver One card.... Plus it has an AF ..

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.5%, cap 1 has no such program that I am aware of, their minimums for the last few years were 1%, the QS is a 1.5% everyday no limit offer. I would contact the EO immediately if you actually have a ,5%

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I think i wasnt clear in my first post what im doing is a comparison versus other 1% cards making the only tiny wow affect to the QuickSilver being .5% ..... 

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I don't pay attention to anything less than 2% cash back. And once a person has a 2% cash back on all purchases card, it usually takes a lot more than that to be of interest. Though sign-up bonuses are nice for a while.

When I look at the Quicksilver, what I see is a $100 signup bonus. And a card i'll just end up closing after a few months. Yep, I plan to have this card, but not for long...