1 If Capital One pre-approves you for a credit product, you can be sure we’ll approve your application, except in limited circumstances. Some of the reasons we may not approve your application, among others, include:
- There’s been a change in your credit file information, personal information, financial status, or our credit decision criteria, from the time you’ve been given a pre-approval offer to the time Capital One makes a decision about your application.
- Your application is flagged for fraud prevention.
- You have an existing Capital One account.
- You’ve applied for a Capital One credit product in the last 30 days or had an account with us that was not in good standing in the last year. In good standing means not past due, over limit, fraudulent, restricted, or part of a consumer credit counselling program or bankruptcy.
- (For Quebec Residents only): In some cases, based on your maximum desired credit limit.
In some cases, we may not be able to open an account for you even though your application was approved. This can happen if we’re unable to verify your identity, or you don’t provide the required security funds if you’re approved for a Secured Mastercard®.
If you’ve received multiple pre-approval offers, accepting one may invalidate the others.
2 Security funds act as collateral and help show us you’re committed to using your card responsibly. Once you’re approved, we’ll let you know the amount of security funds you need to send in. To receive your card, you’ll need to send in your funds through your bank’s online banking site. These security funds will be fully returned if you ever decide to close your account and you’ve paid off your balance.
3 This forum is designed for Capital One cardholders to rate their experiences with products and services offered by Capital One and its affiliated companies. Products or service requirements, price, and features can depend on cardholder choices as well as the applicable laws and the specific product or service contracts of the cardholder, which may vary by jurisdiction and the date on which they obtained their card. Some product ratings and reviews may be obtained from customers with different versions of the product displayed above. Capital One does not guarantee the accuracy of cardholder posts and no review represents the opinion of Capital One or financial advice.
4 Reward miles and cash rewards are applied to total net purchases. That means any purchase that’s charged to your Capital One credit card minus credits, returns or other similar transactions. Cash advances, balance transfers and access cheque transactions aren’t eligible for rewards.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International
1 If Capital One pre-approves you for a credit product, you can be sure we’ll approve your application, except in limited circumstances. Some of the reasons we may not approve your application, among others, include:
- There’s been a change in your credit file information, personal information, financial status, or our credit decision criteria, from the time you’ve been given a pre-approval offer to the time Capital One makes a decision about your application.
- Your application is flagged for fraud prevention.
- You have an existing Capital One account.
- You’ve applied for a Capital One credit product in the last 30 days or had an account with us that was not in good standing in the last year. In good standing means not past due, over limit, fraudulent, restricted, or part of a consumer credit counselling program or bankruptcy.
- (For Quebec Residents only): In some cases, based on your maximum desired credit limit.
In some cases, we may not be able to open an account for you even though your application was approved. This can happen if we’re unable to verify your identity, or you don’t provide the required security funds if you’re approved for a Secured Mastercard®.
If you’ve received multiple pre-approval offers, accepting one may invalidate the others.
2 With your Quicksilver World Elite Mastercard or Quicksilver World Mastercard, you will earn unlimited:
- 3% cash back on purchases made at eligible grocery stores (excluding superstores like Walmart and Costco) with Merchant Category Codes (MCC) 5411, 5422, 5451, and 5499.
- 3% cash back on purchases made at eligible gas stations and EV charging stations with MCCs 5542, 5541, and 5552.
- 1% cash back on the amount of all other eligible purchases.
Some merchants may sell gas or groceries, or are separate merchants located on the premises of another merchant, but have a different MCC classification, in which case the higher earn rate does not apply. Cash back is applied to total net Purchases. That means any purchases minus any credits, refunds or returns. Cash advances (including cash-like transactions), balance transfers, interest charges, and fees are not considered purchases and will not earn rewards. Rewards can only be redeemed as a statement credit, which do not count towards your monthly minimum payment. See the full Rewards and Redemption terms and conditions for details.
3 This offer is exclusively for new cardholders and must be presented to you at the time of your application. We’ll match the cash back you earn on your eligible credit card from the day your new account is approved through your first 365 days and add it to your Rewards Account within two billing periods after the end of your match period. Cash back is earned on net purchases (purchases minus any credits, refunds, or returns) when a transaction is posted to your account, which may be after the transaction date. Cash advances (including cash-like transactions), balance transfers, interest charges, fees, statement credits, cancelled or reversed redemptions, or any referral credits or rewards are not considered purchases and do not qualify for cash back. We will not match cash back that is posted after your match period ends. Your account must be open and in good standing to receive your cash back match. In good standing means your account is not past due, over the credit limit, fraudulent, restricted, part of a consumer credit counselling program or bankruptcy, and not in violation of your Cardholder Agreement. Rewards can only be redeemed as a statement credit, which do not count towards your monthly minimum payment. Offer is subject to change or cancellation at any time.
4 Billing Cycle/Statement Period: The duration of each billing period for which a statement may be provided varies. It is typically between 28 and 31 days.
Interest-Free Grace Period: You will benefit from an interest-free grace period of at least 25 days on new purchases and standard balance transfers if you pay off your new balance in full by the payment due date. There is no interest-free grace period on cash advances, special balance transfers and interest charges.
Minimum Payment: If you reside anywhere other than the province of Quebec, your required minimum payment will be the greatest of: (i) The sum of (a) 1% of your new balance, (b) any interest charges you may have, plus any past due required minimum payment amount; or (ii) $10 plus any past due required minimum payment amount.
If you reside in Quebec, your required minimum payment will be the greatest of: (i) 5% of your new balance plus any past due required minimum payment amount; or (ii) $15 plus any past due required minimum payment amount.
If your required minimum payment exceeds your total balance, we’ll only require the total balance. If you are over limit by more than your required minimum payment, we’ll request the full over limit amount.
Table of examples of interest charges for a 30-day billing period| Annual Interest Rates | Average daily balance |
|---|
| $100 | $500 | $1,000 |
|---|
| 20.9% | $1.74 | $8.71 | $17.42 |
|---|
| 25.9% | $2.16 | $10.79 | $21.58 |
|---|
| 29.9% | $2.49 | $12.46 | $24.92 |
|---|
5 Security funds act as collateral and help show us you’re committed to using your card responsibly. Once you’re approved, we’ll let you know the amount of security funds you need to send in. To receive your card, you’ll need to send in your funds through your bank’s online banking site. These security funds will be fully returned if you ever decide to close your account and you’ve paid off your balance.
6 This forum is designed for Capital One cardholders to rate their experiences with products and services offered by Capital One and its affiliated companies. Products or service requirements, price, and features can depend on cardholder choices as well as the applicable laws and the specific product or service contracts of the cardholder, which may vary by jurisdiction and the date on which they obtained their card. Some product ratings and reviews may be obtained from customers with different versions of the product displayed above. Capital One does not guarantee the accuracy of cardholder posts and no review represents the opinion of Capital One or financial advice.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
3% cash back at grocery stores and gas stations, and 1% everywhere else2
