![]() In other words, you’d only need to spend only an average of $167 per month during the first three months you own the card in order to earn the incentive. You’ll earn $200 cash bonus once you spend $500 on purchases within 3 months from account opening. The fees of up to three percent charged by other cards may not seem like a lot, but can add up to a surprisingly high figure over the course of an international trip.Ĭapital One Quicksilver Credit Card One-Time Offer Just be sure to take time to compare it with other no-annual-fee cards to ensure you pick the right one for you.įinally, given its absence of a foreign-transaction fee, think about getting the card if you want a cash-back credit card to use abroad. The card’s lack of an annual fee is also appealing for people who are generally fee-averse and don’t want to worry about earning enough rewards justify a yearly cost. It’s also a good option if you're looking for a long introductory 0% APR promotion on purchases. The Capital One Quicksilver Credit Card is a solid choice for people who either don’t spend a lot in any one budget category or prefer one rewards rate instead of multiple rates, depending on the purchase. Resists or refuses an annual fee on principle or due to cost But if you think you might have a balance left over after the promotional period, or you habitually carry a balance, think twice about applying as there may be lower-priced card options available to consider. Of course, this APR won’t matter if you pay your balance in full each month, which we recommend. According to the Federal Reserve, the average credit card interest rate across all credit card accounts that access interest is 16.44%. Some other cards have a lower range of APRs. The APR Can be Comparatively High: After the card’s introductory 0% APR promotion ends, the ongoing variable APR can range from 16.49% to 26.49%, based on your creditworthiness. The Alliant Cashback Visa Signature card gives you 2.5% cash back on all purchases. For example, the Citi Double Cash Card, another card with no annual fee, offers 1% back on every purchase plus another 1% when you pay your bill. But if you’re willing to complicate your life a little with a card that offers more rewards in areas where you spend a lot, this one won’t do it. What's more, it doesn’t even offer the highest flat rewards rate out there. No Opportunity for Bonus Rewards Rates: The card's flat-rate rewards structure is appealing in its simplicity.No Penalty APR: Unlike most cards, the APR doesn’t increase to a penalty rate-usually the highest interest rate charged on the card-after you’ve been in arrears on payments for 60 days or more. ![]() Foreign transaction fees typically run close to 3% on each international purchase, so this card could save you a good amount on a long trip. It’s not the only cash-back card that waives this fee on purchases made abroad, but you’ll find more cards in that category that do charge it than not.
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