Last updated on April 12th, 2023
Capital One is notifying existing Quicksilver credit cardholders that their card benefits will change beginning in September. The changes appear to be impacting Quicksilver Mastercard cardholders and not Visa versions of the card – here is what you need to know:
Some Quicksilver Cardholders Losing Benefits This Fall
Capital One is unique among most credit card issuers in that they offer different payment networks for the same card products. One such product is the Capital One® Quicksilver® Card.
The Quicksilver is one of the bank’s most popular card products, featuring unlimited 1.5% cash back on every purchase, every day. The card also comes with a lengthy 0% intro APR period on purchases, no foreign transaction fees, and the protections that come from the card’s payment network (either Visa or Mastercard).
It appears that Mastercard versions of the Capital One Quicksilver will be losing benefits this fall, however. Current Quicksilver cardholders are being notified of changes to their Mastercard – effective September 1, 2021. These changes include the discontinuation of the following benefits:
- $100,000 in worldwide automatic travel accident insurance
- Extended warranty coverage on select purchases with U.S. manufacturer warranties
- MasterRental coverage
- Master RoadAssist Service
- Price protection
- Travel assistance services
As noted, these changes only apply to Quicksilver and Quicksilver One Cards that use the Mastercard payment network and not Visa versions of the card.
Removing these features may leave a sour aftertaste for Quicksilver cardholders but follows a trend of banks eliminating features from their card lineups. Many issuers removed the same elements from their Mastercard credit cards in 2019, following the lead of the payment giant itself. Capital One was one of only a handful of card issuers to keep select Mastercard benefits – including re-adding purchase protection last year.
Related Article: Credit Card Purchase Protection: Everything You Need to Know