Update: This popular deal is still available.
Capital One is offering a $200 cash bonus after you spend $500 on purchases in the first 3 months of account opening with the Capital One Quicksilver Cash Rewards Credit Card. Annual fee is $0.
Thanks to staff member Bri21 for finding this deal.
Slickdeals may be compensated by Capital One.
Original Post
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Edited January 31, 2023
at 01:25 PM
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Capital One is offering a $200 cash bonus after you spend $500 on purchases in the first 3 months of account opening with the Capital One Quicksilver Cash Rewards Credit Card. Annual fee is $0.
Slickdeals may be compensated by Capital One.
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I just recently received my card. I made my first 3 purchases in a 24 hour period that added up to $600. It took 48 hours for all 3 to post. Then it took about 24 hours after that to unlock the $200 credit. I was able to redeem the $200 credit towards my balance and it can take up to 72 hours to post the credit to the account balance.
It took about 2 weeks for mine to show up. First letter was the terms which came about a week after application. Then about a week after that the card came in.
Most people that get cash back cards just want to apply it towards their monthly statement or get gift cards or whatever. If you have a loan/account with SoFi it's a pretty good option. But it's a niche market.
The PayPal card looks pretty good too. You need a PayPal account, which not everyone has or wants to use. But that's not really much of a gatekeeper to getting the card.
Chase, Amex, and Capital One offer a more diverse lineup, better rewards (especially on travel rewards cards), and Chase even lets you pool "cash back" earned on the Freedom cards to full featured Ultimate Rewards points. All three also offer better benefits on their cards, especially during Covid.
But I guess if you only use PayPal then you could go that route. And if you have a SoFi loan you could go that route. But again, niche market.
Edit: The Citi Double cash card is 2% and I would pick that over PayPal or SoFis offering any day of the week.
Was about to say that the citi double cash card is a good one lol
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That's great if you are already planning on a big purchase. But if you're not, then you're just wasting $500 to get $200. But if you're like my family, we easily spend over $1000/month on regular shopping and groceries. Using it for regular purchases for a few weeks will have it done in no time.
OTOH, they're not likely to make much if anything off me, and by seeing my recent spending and paying off balances history, they probably know it.
I tried.... they are clueless how to convert my card to this. Don't waste your time. 27m trying to explain this to them
Maybe they are looking for people that carry balances or are more likely to.
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