Credit Card Company Forcing Customers to Use Their Online Bank

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The Quicksilver Capital One credit card is one of the finer products in that economic/financial space. It offers 1.5% cash back on ALL purchases without qualification. (Sam’s Club Master Card does not itemize what transactions fall into which rewards classes) Also if one spends $500 on purchases within the first 3 months of the card membership, then they will be awarded a $150 cash bonus! Finally, no foreign transaction fees which is almost standard these days if you want someone to be a cardholder with your short term 30 day interest free loan company(think about it….that is really what a credit card does for you as a borrower!).

However, a significant criticism of their promotion of this card is they essentially force you to enroll in Capital One Online Banking if you want their card. I went ahead and got the card promoted by Michael Robertson, Director of Quicksilver Rewards. They sent me a solicitation with a reservation number and and access code which resulted in my securing an $8000 credit limit card at their getmyoffer.capitalone.com web site.

The only drawback, as mentioned, is you are automatically enrolled in their online banking as you can see in the picture below. A tad bit too coercive for my tastes.

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1 comment on “Credit Card Company Forcing Customers to Use Their Online BankAdd yours →

  1. Was somewhat surprised to learn that people who file for bankruptcy can get the same or better credit limits as those who have been financially responsible.

    Read the commentary and credit history of Scupra
    Community Leader
    Senior Contributor who writes for myFICO

    Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
    732 EQ FICO 06/2017
    740 TU FICO 06/2017
    735 EX FICO 06/2017
    $20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $6.6k Cap1 Quicksilver | $10k Amazon Store | $14k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa

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