Yes, the current QuicksilverOne Credit Card offer has a $39 annual fee. While it might seem like a lowlight or deal breaker for some, it’s important to note that the cash back rewards alone offset that cost. If you spend over $500 a month, you’ll earn more rewards than pay for fees.

Capital One requires all new applicants a FICO score between 580 – 669 for a better chance of approval. However, people with a limited score might also be eligible for the QuicksilverOne Credit Card. That is because Capital One takes more than credit scores into consideration. Income, existing debt, employment and other data points are just as important upon evaluation.

There is no predetermined limit for all cardholders. That said, your initial spending limit will range from $300 to $1,000 based on your creditworthiness. Capital One performs automatic reviews on all cardholders profiles after 6 months of card membership. Therefore, on-time payments and responsible use could get you a line increase.