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Reviews

Prosper claims to offer great rates for both borrowers and investors. In this Prosper review, we put these claims to the test.

prosper review

Prosper offers a different way to look at lending. The Prosper platform is a peer-to-peer marketplace where people can borrow money for all aspects of life. It’s an interesting platform for people who need to borrow money. But it’s also great for investors, who have potential to get solid monthly returns. Prosper offers loans for the following:

  • Debt consolidation
  • Home improvements
  • Vehicles
  • Babies and adoptions
  • Small businesses
  • Weddings and other special occasions

Prosper’s big strength is that it removes the roadblocks between people and the funding they need to make the next big leap in life or pursue their goals. It’s a virtual platform for funding that provides both lenders and borrowers with the tools and transparency they need to make informed decisions. There are no in-person meetings with lenders or lengthy application processes.

The Basics of Borrowing Through Prosper

Borrowers can get a rate quote in minutes just by answering a few questions on Prosper’s website. Once you’ve been cleared to receive the loan, Prosper deposits funds straight into your bank account. The process usually takes between three and five business days. Here are the basics of Prosper loans:

  • Fixed terms of either three or five years
  • Maximum loan amount of $35,000
  • Minimum loan amount of $2,000
  • No early payment penalties
  • No hidden fees
  • No minimum income requirement
  • Minimum credit score of 640
  • Payment schedules cannot be adjusted
  • Late fees are charged if payments are not made on time
  • Borrowers can file joint loan applications
  • Payment modification plans are available in some situations

Prosper assigns every borrower on the platform a grade. This grade determines the interest rate Prosper offers and the origination fee borrowers pay. In addition, it’s what investors will look at when deciding whether or not to invest in your loan.

How does Prosper determine your grade? They look at things like your credit score, income, and current debt level. The average income of a Prosper borrower is $88,746. The average FICO score is 710. Those two figures should give you a good idea of how you’d do when seeking a peer-to-peer loan from Prosper’s investors.

The Basics of Lending Through Prosper

Prosper offers the opportunity to invest in personal loans. Lenders can browse loan options for creditworthy borrowers based on factors like FICO scores, Prosper ratings, and loan terms. Prosper assigns each loan opportunity a rating based on its levels of risk and return. As with other investment types, you can earn a higher return. But you generally have to take on more risk for that.

Lenders can either select individual loans or use Prosper’s Auto Invest tool to create a target portfolio. Prosper deposits monthly returns from investments directly and automatically into your account. Prosper does require a $25 minimum investment per loan. The estimated return for Prosper investors is 7.57 percent.

Is Prosper a Good Choice?

Prosper offers a simple and solid way to take part in the peer-to-peer lending world. With loan amounts between $2,000 and $35,000, it’s a good option if you’re looking for a way to finance just about anything without going through traditional banking channels. One thing that separates Prosper from peer-to-peer lending platforms that may appear similar is the fact that the company doesn’t fund loans using its own money. Prosper does underwrite applicants.

What’s the bottom line on Prosper? Borrowers can enjoy a fast way to get funding as long as their credit history is in decent shape and they have a solid income. Lenders may find Prosper to be a simple investment tool that allows them to enjoy some diversification.

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MoviePass claims to offer unlimited movie tickets for one low monthly price. Is it too good to be true? We answer that question in our MoviePass review.

moviepass review

According to the National Theater Owner’s Association, the average price of a movie theater ticket was $8.84 as of the first quarter of 2017. If you live in a metropolitan area, you know the real price you’ll pay is more like $12. That kind of pricing keeps a lot of people from going to the movies more often. But there might be a workaround in the form of a smartphone app.

That app is MoviePass. It’s a movie theater subscription service that you access from your smartphone. It is the largest movie theater subscription service available, giving subscribers access to over 4,000 movie theaters and more than 36,000 movie screens. They advertise that the service is available in all major movie theaters (though there’s some doubt about AMC).

What’s more, the subscription is virtually unlimited. You can watch one new 2D movie each day of the month, with no blackout dates.

MoviePass Benefits

MoviePass was founded by CEO Mitch Lowe, of Netflix and Redbox fame. He’s taking the same concept from those companies but applying it to actual movie theaters. MoviePass enables the participant to watch movies at theaters up to 31 times per month–all for a very low monthly fee of $9.95 per month.

The MoviePass card itself is actually a credit card–a MasterCard, to be precise. When you go to the theater, you pay for your ticket using the card just the way you would any other credit card.

With an average movie ticket at $12, you can see up to 31 movies per month–at a total cost of $372–all for a monthly fee of less than $10. That, of course, is extreme, but you could if you wanted to.

But, even if you only go to the movies no more than two or three times per month, at a cost of $24 or $36, you would still save $14 or $26 per month using this app (the actual cost of the movie tickets, less the $9.95 subscription fee you’ll pay to MoviePass).

Signing Up for MoviePass

You can sign up for MoviePass online or with your smartphone. But you must have an iPhone or an Android (with data service) in order to use it.

You will receive your MoviePass card by mail within seven to 10 business days after signing up. Once the card arrives in the mail, you can log into the MoviePass app with your email and a password. The app will request the last four digits of your MoviePass card in a pop-up box. Once you enter that information, your subscription will be fully activated, and your billing date will be set.

The monthly subscription fee is $9.95. The service offers only one person per app. So if you want to add family members, each will have to subscribe to the app individually. Also, memberships are nontransferable. Only you can use your subscription.

You must put a credit card on file, which MoviePass will charge on each monthly billing date.

How MoviePass Works

Once you receive your MoviePass card, you can begin using the app to browse theaters and showtimes. You can only use the app for same-day tickets. You are not able to purchase your tickets in advance.

 

 

Your MoviePass card is your payment method when you go to the theater. The card is actually a MasterCard, which is how the theater will be paid. That means you must have the card with you whenever you go to the theater. You can pay and get your ticket at the box office or kiosk.

The app works in five steps:

  1. When you arrive at the theater, browse movies and showtimes on the MoviePass app.
  2. Once you’ve found the movie you want, click the desired showtime. Then, at the bottom of the screen, click “Check-In.”
  3. Upon check-in, your MoviePass will be activated for 30 minutes. Just swipe it at the box office or kiosk to purchase your ticket.
  4. For e-ticketing theaters (see below), once you check-in, your app will generate a confirmation code that you can present at the kiosk or box office to retrieve your ticket.
  5. Enjoy the show!

Canceling check-in. If you change your mind and decide you don’t want to watch a movie, or if it is sold out, you can cancel right on the app. You can press the “Sold Out? Changed Mind?” button on the Check-In page. Once done, you can check into a different movie.

More MoviePass Features

E-ticketing. MoviePass has this function with several theater chains, including Goodrich Quality Theaters, Studio Movie Grill, and MJR Theatres. E-ticketing is a redemption process that enables you to reserve your same-day ticket in the app before arriving at the theater. At theaters that also offer reserved seating, e-ticketing will enable you to select your seat in advance.

Gift Subscriptions. If you want to give the gift of movies, you can purchase a gift subscription through the app. You must pay for gift subscriptions in advance, and they are available on the following terms:

  • three months at $29.85
  • six months at $59.70
  • 12 months at $119.40.

Canceling your MoviePass subscription: If after subscribing to the app, you decide that you want to cancel, you can do it easily. On the home screen, click the icon with the three horizontal lines in the upper left-hand corner. From the dropdown menu, select your name. On the “Subscription Information” screen, select “Plan Info”, then click “Cancel Account.” The cancellation will take effect on your next billing date.

MoviePass Partnership with Studio Movie Grill

MoviePass has partnered with Studio Movie Grill in testing and Open Tab feature. It will enable you to pay for your movie ticket as well as your in-theater meal and drinks using the MoviePass app. This is a beta program, so it may or may not be available at your local Studio Movie Grill theater.

Studio Movie Grill is offering its guests a limited one-month trial of MoviePass for $10. It will similarly allow the holder to attend one movie per day in its theaters for an entire month. It must be purchased only at Studio Movie Grill locations.

The MoviePass – Studio Movie Grill partnership is significant because MoviePass is actively working to increase such partnerships with other movie theater chains. Studio Movie Grill, for its part, expects to increase attendance through the partnership.

In Case You’re Wondering How MoviePass Makes Money…

If you’re like me, and you stumble across a winning service, you want to know that the provider is making a profit. After all, if they aren’t, the winning service won’t be around for very long.

On the surface at least, it looks as if there’s no way that MoviePass can ever be profitable. But look a little deeper, and it begins to make sense.

Let’s say that you are a certified movie maven, who actually does go to the movies every day of the month. How can MoviePass make money when you’re paying just $9.95 per month, and they are paying $372 (31 movies X $12 per ticket) to theaters for you to watch 31 movies?

Answer: they’re not. At least not on you.

But according to founder and CEO Mitch Lowe, the “secret” is in the numbers. They know the average person only goes to the movies three to six times per year. They believe that the MoviePass app will increase that to six to 12 times.

At an average frequency of 9 times per year–at $12 per movie ticket–that’s $108 MoviePass has to pay out to theaters. With an annual subscription rate of about $120, MoviePass will earn an average of 10% ($12) on each subscription.

Lowe is also working to create more true movie theater partnerships, such as the one they are currently working on with Studio Movie Grill. The increased frequency of theater visits by MoviePass users generates higher concessions sales, enabling the theaters to increase their profits. MoviePass is working to get a part of those profits through partnerships.

MoviePass Pros

  • If you go to the movies two or more times in a typical month, MoviePass will be well worth the price of $9.95 per month.
  • If you’ve been avoiding the movies due to cost, MoviePass will enable you to go more frequently. In fact, cost will no longer be a factor, at least as far as movie tickets.
  • Ordering movie tickets through your smartphone avoids the need to stand in line waiting to purchase a ticket. This can be a major advantage at peak movie times or for blockbuster movies that draw big crowds.
  • The widespread acceptance of MoviePass, as well as the partnerships with select theater chains, holds the potential for the expansion of the app going forward. It could revolutionize the movie theater process, and you’d be on the cutting edge if you already have the app.

MoviePass Cons

  • MoviePass is available for 2D movies only. It is not available for enhanced or special screenings that might involve an up charge by the theater. This includes movies in 3D, IMAX, Fathom Events, DBOX, ETX/RPX, or film festivals.
  • Unless the theater offers e-ticketing, you have to be at the theater to order your ticket.
  • Not all theaters or theater chains participate in MoviePass.
  • Since you must be at the theater (or within 100 yards of it) where the movie you want to see is showing, you won’t know in advance if the movie has been sold out. But that would happen even if you didn’t have MoviePass.
  • Since a subscription can be used for one person only, you would need to have a subscription for each person in the family. The app would cost $39.80 per month for a family of four.

Should You Sign Up with MoviePass?

MoviePass is definitely worth considering if you are a frequent moviegoer, or you want to become one. It can reduce the cost of going to the movies several times per month to less than the cost of a ticket for a single show.

If you’re not a frequent moviegoer, even apart from the cost factor, MoviePass won’t be much of a benefit. For example, if you typically go to the movies less than once a month, the subscription may cost you more than the benefit that you’re getting.

The fact that you need to purchase a subscription for each member of your family could be cost prohibitive. However, if you have children who are at the age where going to the movies is a favorite pastime, this can enable you to bring them as often as you like. The cost of going to the movies will no longer be a factor.

If you’d like more information, or if you’d like to sign up for the app, check out the MoviePass website.

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The security of your home and family have never been more important. In this detailed guide, we rate the best home security systems and companies.

best home security systems

No matter how safe your neighborhood — or even your city — is, you’ve likely considered a security system for your home. But choosing the right one (that won’t cost an arm and a leg) can be confusing. How do you know which company will protect your loved ones and belongings best? And where can you find the best value?

To make the home security shopping process easier, we’ve sifted through the most popular systems on the market today. We’ve evaluated them for reliability, price, customer service, ease of installation, and the equipment offered. Hopefully, this will help you decide which company is the best one to keep you, your family, and the things you cherish safe.

What We Compared

You’ll need to consider several factors when choosing the right home security company. You have quite a few options available to you. So first determine which needs are the most important and what you can live without. Here are the factors we considered:

Installation

When it comes to a security system, you have two installation options: Have the company come in and install your monitoring equipment, or install it yourself. The latter is likely to be the cheaper option,. But it requires you to know what you need and feel confident enough to do the basic wiring.

Some security companies will offer free installation packages for new customers, usually with a signed service contract for a certain number of months of service. This can be a great way to get your system put in your home without paying a penny — or lifting a finger. But be sure to read the fine print.

If you decide to cancel your contract at any time, you may have to pay both early cancellation fees and prorated equipment installation charges. And what if you move? Some companies will offer to move your equipment for you or install a new system in your new home. However, a few of these companies will either require you to sign a new monitoring contract or will charge a small fee for the new install.

Equipment

With some companies, you purchase your monitoring equipment and own it outright. This is especially true for contained systems or companies that require you to install your own system. This also means that you are welcome to move the equipment, with or without new monitoring contracts for your new home.

And what about the $0-installed, basic systems for new customers? Well, as we all know, there’s no such thing as a free lunch.

Be sure that your “complimentary” system won’t cost you more in the long run due to an overpriced monthly monitoring fee. Also, be sure the free system has all the features that you need and won’t wind up costing you a lot more in the end. Basic, free system installations are often limited to a couple doors and windows. Depending on the size of your home, you may need to add a number of additional sensors. And this will likely cost you more.

Some companies offer equipment protection packages in case a sensor breaks or needs servicing. Without this added service, you may be on the hook for a pricey repair or replacement.

Monthly Pricing

Besides equipment and installation charges, you’ll pay monthly monitoring fees for your home security system. This fee ranges quite a bit, depending on the company you choose.

Contained systems are available if you’d rather forgo the monthly cost. Essentially, you can monitor your own home via sensors and even cameras. These systems will make noise if someone trips a sensor. And you can even get notifications if a camera senses movement. However, you won’t have a monitoring company to call the police for you in the case of a break-in or other emergency.

If you want the peace of mind that a monitoring company provides, you’ll pay somewhere between $15 and $100 a month in fees. The average monthly cost is about $30. Some companies will monitor for both security and things like fire and carbon monoxide. This adds peace of mind but may increase the price. With some companies, you can add other features. For instance, you could opt to remotely control your lights and deadbolts. This is nice, but it’ll add to your installation and monthly costs.

Keep in mind that almost all monitoring companies require a contract for service. So, while $45 a month may not sound like a lot at first, it translates to $540 a year for monitoring (plus any equipment and installation charges). Be sure that this fits into your family’s budget before signing any contracts.

Customer Service

How much, or how little, customer service do you expect from your home security system? This may sway you from one company to another.

You may want to choose a company that won’t try to upsell you with high-pressure sales tactics or whose representatives don’t work on commission. You may want to choose a company that has a long history of providing knowledgeable service 24/7 and has a reliable monitoring network.

Technology

The last big consideration when choosing a home security company is the technology. Each company offers a different line of products, ranging from the most basic to the most advanced. So you need to decide what you need (or simply want) before shopping around.

Do you want a security system that allows for remote monitoring of cameras? Maybe you would prefer a system that can not only protect your home but also control things like your lights, door locks, and even your A/C settings. The options are endless, but not every company will have what you need.

Be sure to also take the technology into consideration when comparing prices. The monitoring for a basic, sensor-based system on your doors and windows will likely be much cheaper than a system that allows you to turn off the kitchen lights or lock the front door from your office desk.

Comparing the Top Options

We looked at some of the most popular companies to see which one really is the “best.” Here’s what we found.

ADT

Perhaps one of the most familiar names in the security industry, ADT has certainly been around for the longest. In fact, ADT was started in 1874, albeit as a telegraph company in the beginning. This foundation in communication has served the company well over the years, though. They are renowned for their reliable monitoring of installed systems.

Cost: ADT ranks average in monthly monitoring cost, with a basic essentials package starting at $36.99 a month. Premium Protection packages start at $52.99 a month. However, the company often runs discounts, specials, and deals through certain organizations. For instance, USAA and ADT have a partnership. So members of the military-based association receive discounts on both equipment and monitoring charges.

To see current specials ADT is offering, visit this page. Keep in mind that the company also offers a discount for enrolling in AutoPay.

Contract: ADT requires a contract, typically 36 months long (in California, this is 24 months). Service fees, installation charges, and activation fees vary depending on the package you choose and whether you’re eligible for any sort of discount or special pricing.

Installation: ADT must professionally install all its systems. They regularly offer rebates and new customer specials. And they often offer discounts for existing customers who need to install new systems when they move.

The Customer Installation Charge for a basic system is $99 with a contract. The more equipment you choose, the higher this installation fee can go.

Technology: ADT has come a long way in recent years. When I got my first ADT system a decade ago, it seemed like the company was a bit behind some of the newer, more “hip” competitors out there.  The coolest thing they offered at the time was a key fob to activate and deactivate the system without entering my code.

Now, however, ADT is keeping up with the Joneses. They now offer the ADT Pulse system. It’s a touchscreen panel and accompanying app that allows you to control various aspects of your home, monitor the status remotely, and even see which entrances were opened when. You can also install features all the way from basic sensors to glass break alarms, carbon monoxide detectors, and interior/exterior cameras.

Consumer Affairs Rating: 4.5

ADT rating

Frontpoint

A newer name in the home security industry, Frontpoint has already developed quite the positive reputation. The company is not only growing fast and offering cutting-edge technology, but has a long line of happy customers in its wake.

Cost: One of the most commonly-heard accolades for Frontpoint is that they have incredible customer service and no-pressure sales tactics. Their representatives take the time to walk you through their available options and tailor a plan that fits your needs. And they don’t push you to buy pricey packages to boost their own commission. Their pricing is transparent, and you don’t have to worry about hidden fees.

Frontpoint charges between $34.99 and $49.99 a month, depending on the equipment and monitoring you choose. Monitoring is 24/7 and completely wireless/cellular. So you don’t have to worry about setting up a dedicated landline for your system.

You can choose from three equipment packages. They cost between $673 and $972. However, if you have a good enough credit score (600+) and sign a 3-year monitoring contract, they’ll also give you discounts off of your equipment package. This can bring the prices down to between $199 and $599.

You’ll install your own equipment with Frontpoint, which potentially saves hundreds of dollars in fees. They offer online videos and easy-to-use installation guides, claiming that getting your system up and running is a simple, user-friendly process.

Frontpoint also offers a 30-day, risk-free trial. If you’re not happy with the equipment or service, you get your money back.

Contract: Frontpoint requires you to sign a 3-year monitoring contract. However, you can cancel early for a fee. You can also transfer your equipment to a new home at any time without any moving or reactivation fees (or restarted contract periods).

Installation: Frontpoint is a DIY installation system. You’ll receive your equipment in the mail, along with easy-to-follow instructions. They also offer online video guides and FAQ pages to walk you through the process, as well as 24/7 support.

Technology: Frontpoint offers equipment with leading technology, such as touchscreen panels, glass break sensors, smartphone apps with remote system controls, flood sensors, cameras, and panic buttons. They also offer a Crash & Smash protection. Burglars can destroy your home’s smart panel without disabling the tripped sensor — help will still be en route.

Consumer Affairs Rating: 3.8

Frontpoint rating

Vivint

Vivint has been around for almost 20 years, but the name has really only gone mainstream in the last decade or so. However, with their bright orange branding and exciting technology, they’ve become a popular home security option.

Cost: Vivint makes monthly monitoring simple. You’ll pay either $49.99 (basic system), $57.99 (energy management system), or $68.99 (home automation system) a month. No matter which equipment you add to your home, though, this fee stays the same. You’ll receive 24/7 professional monitoring and cellular service — a convenient feature for those without an active landline. Discounted pricing and specials are also available from time to time.

You buy your equipment piece by piece, according to what your home needs. For instance, door/window sensors are $60 each, the main control panel is $699, and fixed video cameras are $149. To learn more about the equipment available, visit Vivint’s page here.

Installation fees vary. The most basic equipment can be DIY installed, but the “smart” equipment requires a professional installation. This installation can range from $99 to $250. But Vivint regularly offers discounts, specials, and rebates to reduce this to little or no cost.

If you’re not happy with the equipment or service, you can legally cancel within three days to get your money back. However, they don’t offer an actual “trial period.”

Contract: Vivint requires contract lengths of either 42- or 60-month periods if you choose the Flexpay option for your equipment. If you need to cancel your contract for any reason, it’ll be difficult to do and involve an early termination fee. You can also transfer the contract in some instances (such as to the new owner of the home or a family member), with approval and a $99 transfer fee.

If you pay for your equipment in full and up-front, you can choose monitoring services without a contract.

Installation: Vivint offers DIY installation for the most basic equipment. However, if you choose any of the more high-tech equipment options, they’ll require you to hire one of their professionals for installation.

Professional installation varies in price from $99 to $250. But Vivint regularly offers specials, discounts, and rebates that lower or even eliminate this expense.

Technology: The tech is where Vivint really shines. They are the home security company to choose if you want a truly smart home system.

Their control panel and app allow for complete home automation. You can view cameras and control the system on the go. And you can even lock doors, control lights, see who is ringing your doorbell, and open or close the garage door — from anywhere!

If you want a system that runs on solar energy, Vivint is the only one to offer this service. They also allow you to control thermostats, lights, and other energy-using appliances remotely, saving you money each month on electricity costs.

Consumer Affairs Rating: 3.8

Vivint rating

Link Interactive

If you’re looking for a transparent, easy-to-use, and flexible home security system, Link Interactive might be just the answer for you. There aren’t any hidden fees. It’s easy to see exactly how much you’ll pay for your system, and they have great customer service ratings.

Cost: Link Interactive charges one flat monitoring price: $35.99 a month. If you want video monitoring, it’s an additional $5 a month. If you don’t want any HD monitoring or home automation, take off $5.

That’s it. No packages to choose from or added fees for certain equipment. Just $30.99/$35.99/$40.99 for everyone.

You choose your equipment based on what your home needs. The package you choose is custom according to your specific budget and configuration.

There are no installation or activation fees with Link Interactive. Installation is DIY, and there’s no cost to start using the system once it’s been purchased and set up. Plus, the company also offers a 30-day trial period, so you can try the system before you really commit.

Contract: You’ll need to sign a 3-year contract for your Link Interactive system, during which your rate will be locked in. If you need to cancel your contract before then, you’ll pay an early termination fee. You’ll also get a 3-year warranty on your equipment to match the contract period.

Installation: Link Interactive is an entirely DIY installation system. They offer directions and guides for setting up your home security, and customer service can help you if you have questions along the way.

This means that you’ll potentially save hundreds of dollars in installation fees that you would have paid elsewhere.

Technology: Link Interactive offers systems ranging from very basic to tech-savvy, depending on what your home needs. You can choose home automation equipment such as touchscreen/wireless deadbolts, remote thermostats, and garage door controls. They have z-wave light bulbs that allow you to set schedules and wirelessly control your lighting.

There are, of course, basic offerings like motion sensors, door/window sensors, cameras, and smoke/CO alarms. You can also choose life-saving equipment such as panic or emergency buttons, such as for elderly loved ones.

Consumer Affairs Rating: 4.6

Link Interactive rating

No matter which home security company you choose, be sure to get a final price and read the fine print before signing on any dotted line. Not only will this ensure that you get the right system for your home and family, but you can also avoid overpaying for the wrong service for a years-long contract period.

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The Capital One Quicksilver card combines a $150 signup bonus with 1.5% cash back rewards on every purchase. Oh, and no annual fee. Here are the details.

capital one quicksilver review

One of the most important rules of sound personal finance is using credit cards wisely. A good cash back credit card, when used for everyday purchases and paid off each month can save you hundreds and maybe even thousands of dollars every year. The Capital One® Quicksilver® Cash Rewards Credit Card is one of the good ones. And right now they’re offering a $150 cash bonus to new cardholders along with a bevy of other perks.

$150 Cash Bonus

Learn More

The most attractive feature of the Capital One® Quicksilver® Cash Rewards Credit Card is the $150 cash bonus. All new cardholders can earn the $150 after spending just $500 in the first three months. If you are an existing Capital One® Quicksilver® Cash Rewards Credit Cardholder, you are not eligible for this bonus. If you own a different Capital One credit card, you’re likely eligible. But you should call in before applying online to make sure.

Capital One Quicksilver Rewards

You won’t find a simpler rewards program than this one. Every single purchase you make with your Capital One® Quicksilver® Cash Rewards Credit Card earns 1.5% cash back. Many other credit cards offer you a higher cash back for select purchases during select months but a low cash back rate everyday. This credit card lures you in with a great everyday rate, in the hopes that you’ll use it to buy everything.  A few important points to make about the cash back you earn:

  1. You must redeem your cash back. It is not automatically credited to your statement.
  2. Cash back never expires. If you decide to close your account and the account is in good standing, Capital One will mail you a check for the balance.
  3. There is no limit to the amount of cash back you can earn.

That last point is important when you compare this card to the Chase Freedom and Discover it – Cashback Match. Both of those cash back credit cards have 5% rotating categories each quarter, but the maximum you can spend is $1,500 a month.

Quicksilver Pricing Details

Immediately after receiving your card, you’ll receive a 0% intro APR on both purchases and balance transfers for nine months. After the intro rate expires, the ongoing APR becomes 13.99% – 23.99% variable (which is a little better than average). If you decide to make a balance transfer with this card, there is a 3% balance transfer fee. I would recommend avoiding this and instead looking at some of the best balance transfer credit cards.

There is NO annual fee to own the Capital One® Quicksilver® Cash Rewards Credit Card. Should you need a cash advance, the APR is 23.99% and there is a 3% (or $10) cash advance fee.  All Capital One credit cards have the added benefit of charging no foreign transaction fees. Use this credit card abroad, and you’ll incur no currency fees. If you miss your payment, Capital One will charge a $35 late fee.

Cash Back Credit Card Savings

I mentioned in the beginning of the article that a good cash back credit card can save you hundreds of dollars a year. I use one for as much spending as I can. Below is an example of the annual amount I put on my credit cards, and what the savings would be at 1.5%.

  • Groceries – $7,000
  • Gasoline – $1,500
  • Health Insurance – $12,000
  • Auto Insurance (2 cards) – $1,400
  • Winter Heating Oil – $2,500
  • Cable / Internet – $2,200
  • Garbage Pick-Up – $360
  • Home Security – $400
  • Cell Phone(s) – $500

Add it all up, and the total spent on food, gas, utilities and insurance every year for my family of four is $27,860.  At 1.5% cash back I would save $418.  Add the $150 cash back bonus year one, and I’m over $500 without having purchased anything I don’t already have to spend money on.

Quicksilver Bottom Line

I have the pleasure of actually owning two Capital One® Quicksilver® Cash Rewards Credit Cards. One I signed up for and one was converted from a Capital One Classic Platinum card I signed up for while in college. Admittedly, I do not use this card for all transactions. But I do use it often.

The $150 sign-up bonus is a great way to get a paid test drive and the high cash back rate and intro APR are two more reasons why owning the Capital One® Quicksilver® Cash Rewards Credit Card is a good idea. Compared to other cash back credit cards it’s a great card to have in your wallet without the worry of an annual fee.

  • Learn more about this card and other cash back credit cards.

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Zions Bank Online Savings Account Review

by Luke Landes

In our detailed Zions Bank review, we cover its savings products, rates, and fees. We also compare it to other online banking options. As of today, Zions Bank offers one of the highest interest rates among high-interest savings accounts. But is it worthwhile to move your money there to take advantage of this interest rate? […]

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Ally Bank Savings Account Review

by Rob Berger

I’ve banked with Ally Bank for years, opening both a savings account and CD. In this Ally Bank review, we’ll look at rates, fees and account types. Just over ten years ago, General Motors was having trouble remaining in business. Its subsidiary that provided customers financing for automotive purchases, GMAC, converted to a bank holding […]

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Review of Republic Wireless | Is it Too Good to be True?

by Adam Luehrs

Republic Wireless claims to offer excellent phones and service at rock bottom prices. In this Republic Wireless review, we put these claims to the test. Mobile devices were supposed to free us from the tethers of landlines. Unfortunately, many wireless plans can leave us tethered to expensive contracts and oppressive terms. This is why contract-free […]

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American Express Personal Savings Review

by Luke Landes

Amex entered banking years ago. Today, they offer great rates with low fees. Check out our take in this American Express savings account review. By far, the most requested review on Consumerism Commentary is for the American Express Personal Savings Account. Amex offers one of the highest interest rates available with this savings account, making […]

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H&R Block Online Tax Filing Review

by Luke Landes

With W-2s and other tax forms now appearing in our mailboxes (or inboxes) daily, chances are that taxes are on your mind. If you believe you’ll owe money to the government, it makes sense to put off filing as long as possible, up to this year’s filing deadline. If you expect to receive a refund, […]

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Quicken 2015 for Mac Review and Giveaway

by Luke Landes

I have one free download code for Quicken 2015 for Mac to give away to a lucky reader. Instructions are at the bottom of this article. It’s been nine years since Intuit released a version of Quicken that was both fully-featured and designed to run on Apple’s hardware and operating systems. The Quicken Essentials for […]

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