quicksilver ?

[Anonymous]

Is the capital one quicksilver the best credit card for quick rewards? I want to get the most rewards i can but i also dont want it to take forever to use. 

[Anonymous]

capital one and NFCU and barclay all post rewards the moment the payment post but the QS isn't the card to get "most rewards". you kind of need to choose: quick or most. what's more important?

[Anonymous]

Cap1 posts before statement cuts, and depending on who you talk to, that's a great benefit. You could do the math and figure out how much interest you earn on the same rewards in your savings account, or a money market account... Add it to the QS cash back and compare it to the 2% cards out there right now. 

[Anonymous]

I was trying to get the best of both worlds, seeing as barclays has 2% then it looks like barclays is best at the moment.

[Anonymous]

The only issue with the Barclays is that you have to reach a certain # of points before you can cash them in. You can cash in $0.90 on the QS if you wanted. 

[Anonymous]

I understand, makes the quicksilver seem like the best option to get your points quickly. I really want to amex bcp for excellent points when going food shopping but have heard that it is not easy to get the rewards. I currently dont have the quicksilver, hoping they will approve me at somepoint down the line. For those with the amex bcp, how hard is it to redeem your rewards?

[Anonymous]

I have the regular Blue Cash card and it is very easy to redeem rewards.  I usually just use them as statement credits.  Recently used it to get a gift and it produced as an e-card in about half an hour. 

[Anonymous]

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@Anonymous wrote:

Is the capital one quicksilver the best credit card for quick rewards? I want to get the most rewards i can but i also dont want it to take forever to use. 

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You are asking two different questions:

(1) Getting the most rewards you can - look at your spend by catagory and find a card that maximizes each catagory (this could spread you thin if your monthly spend is low)

(2) Best card for quick rewards - each company posts rewards differently.  You have to check the terms & conditions for each card and see if it meets your definition of quickly.

I can tell you that the quicksilver is a very good no hassle, no complicated reward structure card.  You spend money, the transaction posts, your rewards are posted when the transaction posts, you can redeem immediately (there are no thresholds on this card).  You get your reward posted to your account in a couple of days.

There are other cards that have better catagories or flat percentage than the flat 1.5%.  Some of them require you to reach a minimum threshold before you can redeem your points.  Some cards post statement credits once a month.  Some cards send you a check annually. 

Each CC does it's own thing where rewards are concerned, you have to determine if you want fastest or most rewards - sometimes those are not compatible.

[Anonymous]

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@Anonymous wrote:

I understand, makes the quicksilver seem like the best option to get your points quickly. I really want to amex bcp for excellent points when going food shopping but have heard that it is not easy to get the rewards. I currently dont have the quicksilver, hoping they will approve me at somepoint down the line. For those with the amex bcp, how hard is it to redeem your rewards?

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It's easy to redeem your rewards....it just takes 2 billing cycles for them to post to your account, and you can only redeem in $25 increments

[fltireguy]

Blispay.