Rewards Plan
Sign up Bonus
Credit Rating
0% Intro
Annual Fee
APR
- Attractive Rewards Rate
- Intro APR period on Purchases and Balance Transfers
- No Bonus Rewards Categories
- High APR
Rewards Plan
Sign up Bonus
0% Intro
PROS
- Attractive Rewards Rate
- Intro APR period on Purchases and Balance Transfers
CONS
- No Bonus Rewards Categories
- High APR
APR
19.99% - 29.99% variable
Annual Fee
$0
Balance Transfer Fee
3%
Credit Requirements
Good - Excellent
The Capital One Quicksilver Cash Rewards Credit Card is a great card for anyone who is looking to add a no-nonsense credit card to their wallet, while still being able to rack of some type of reward for using it over time.
The Quicklsilver cash rewards card’s earns 1.5% cash back on all purchases on every dollar spent everywhere. While that’s generally lower compared to other cards, the Capital One Quicksilver Cash Rewards Credit Card makes up for it with exciting perks.
In addition to the 15 months on balance transfers and purchases, this card offers a sign-up bonus of $200 cash bonus once you spend $500 on purchases within 3 months from account opening , as well as a lower APR range between 19.99% - 29.99% variable after the intro period. The Quicksilver cash rewards card does not come with an annual fee.
While it isn’t the best card available in any one category, it does offer a great all-around package that still makes it a contender for anyone who is looking to add another credit card to their wallet.
- Sign-Up Bonus
- Cash Back on All Purchases
- No Minimum Redemption
- No Annual Fee or Foreign Transaction fee
- Intro 0% APR
- No Bonus Rewards Categories
- Solid Rewards Rate
- High APR
Do card Quicksilver Card rewards points expire?
The rewards points that you earn through making purchases with a Capital One Quicksilver Card are not going to expire if you keep your account open.
Can I get pre-approved on card Quicksilver Card? Does card Quicksilver Card offer pre-approval?
Yes, you can get pre-approval for a Capital One Quicksilver Card if you need to. This allows you to not have to do a hard credit check straight away.
How do I redeem cash back on Quicksilver Card?
For the Capital One Quicksilver Card cashback rewards, you are able to get a check, as statement credit, or redeem them with certain retailers.
How hard is it to get Quicksilver Card?
It is not very hard to get your hands on the Capital One Quicksilver Card once you meet the various qualification requirements that are in place.
How to Use Quicksilver card Benefits?
Use it to fill the gap where your other credit cards fall short. If you want to have ultimate ease of use thanks to the consistency across all types of purchases.
What's the top Reason to skip the Quicksilver Card?
If you are looking to get higher cashback rewards for certain categories then the Capital One Quicksilver Card might not be the best fit and you might have to search elsewhere.
In This Review
Benefits
Let’s take a look at the benefits of the Capital One Quicksilver Cash Rewards Card and see if it’s the right one for your wallet or not.
- Sign-Up Bonus
When you open the account, Capital One gives the card holder a $200 cash bonus once you spend $500 on purchases within 3 months from account opening.
While this isn’t a massive bonus, it does have two major perks to it. The first is that it is cash. Not points that are redeemable, but actual cash for you.
The second is that the spending minimum needed to get this bonus is much lower than that of its competitors, standing at only . Most rewards credit cards have minimums in the thousands of dollars range, but Capital One offers a much better and more affordable option.
- Cash Back on All Purchases
Similar to the Capital One Quicksilver Cash Rewards Card – The Quicksilver Cash Rewards Card is also a straight-forward, easy to understand cash back rewards credit card that offers cash back on all purchases.
- No Minimum Redemption
Another great highlight of the Capital One Quicksilver Cash Rewards Card is the fact that it has no minimum redemption needed to redeem points for your cash back rewards. So whenever a card holder would want to use their points, they can.
And since there is no minimum require to redeem, cardholders can use it on a soda at the gas station, plane tickets for their vacation, and anything in between.
- No Annual Fee or Foreign Transaction fee
A nice benefit to the Capital One Quicksilver Cash Rewards Card is the fact that this card doesn’t have any type of annual fee to keep the card activated. For a cash back rewards card, this is a massive bonus.
Most cards don’t give this benefit as well as so many rewards and cash back benefits as well, so have this with the Capital One Quicksilver Card is really quite impressive when compared to other cards in its area.
On top of this, it also doesn’t have a foreign transaction fee, so card holders who use the Capital One Quicksilver Card abroad won’t have to worry about extra charges to come home to.
- Intro 0% APR
The card offers 0% intro APR of 15 months on balance transfers and purchases. This is phenomenal, as very few cards offer one of these two perks for this amount of time, let alone both of them together.
This is also a great reason for potential card holders to switch to the Capital One Quicksilver Card, as any balance transfers applied to this card won’t accrue interest, making an enticing offer for anyone looking to add a new credit card to their wallet. After this time frame is over, the variable APR is 19.99% – 29.99% variable.
Drawbacks
Let’s take a look at the drawbacks of the Capital One Quicksilver Cash Rewards Card and see if it’s the right one for your wallet or not.
- No Bonus Rewards Categories
As stated earlier, the Capital One Quicksilver Cash Rewards Card is a rather simple card with a simple rewards system. There are no bonus reward categories, meaning that new reward offers won’t fluctuate through over time such like many other rewards credit card do.
While the simplicity of this card is something that is appealing to many potential card holders, people who want more flexibility in their rewards options might want to consider other options depending on what they are trying to achieve when they would go to redeem their rewards points.
- Solid Rewards Rate
You'll be able to get higher cash back rates on a variety of credit cards.
- High APR
The ongoing APR is 19.99% – 29.99% variable, which is quite high compared to other cards.
Rewards Analysis: How Much You Can Earn?
The best way to determine whether the Quicksilver Card is right for you is to calculate the amount of rewards and benefits you expect to receive.
Remember that this is a general breakdown of expenses, so make sure to tailor it to your specific consumer preferences and spending habits.
| |
|---|---|
Spend Per Category | Capital One Quicksilver |
$12,000 – U.S Supermarkets | $225 |
$5,000 – Restaurants | $75 |
$4,000 – Hotels | $60 |
$4,000 – Airline
| $60 |
$5,000 – Gas | $75 |
Estimated Annual Value | $495 |
How to Redeem Your Rewards?
One of the most attractive things about the Capital One Quicksilver (and Capital One overall) is its flexible redemption options. You can:
- Shop with your rewards. You can redeem your rewards with Paypal or pay for your Amazon.com purchases at checkout.
- Gift cards: Capital One offers a variety of gift card options for popular retailers.
- Statement credit or check: You can also redeem your rewards for cash in the form of a check or statement credit with no minimums.
Make The Most of Your Card
Here are some tips to help you make the most of your Capital One Quicksilver card:
- Examine your purchases for eligibility. When you use your card to purchase eligible items, you may be eligible for additional warranty protection.
- Use your card to book your flights. This will allow you to receive free travel accident insurance.
- Activate Capital One Shopping: This tool will apply coupon codes while you're shopping online, which could save you a lot of money if you're a frequent shopper.
How To Apply For Capital One Quicksilver Cash Rewards Card?
- 1.
Visit the Capital One Quicksilver Cash Rewards home page, and click on “Apply now”.
- 2.
The next page comes up where you can fill in your “Personal Information” like your names, date of birth etc.
- 3.
Then, you fill in your contact and financial information.
- 4.
Lastly, read through the important disclosure page properly to know your eligibility, fees, costs, rates, etc.
- 5.
Then click on “continue” to complete the process.
Is the Capital One Quicksilver Cash Rewards Card Right for You?
The Capital One Quicksilver Card is a straight-forward, easy to understand cash back rewards credit card that offers 1.5% cash back on all purchases. If you don't have time for calculations, you spend more than $1,500 monthly and you don't have specific places where you spend you money, the Chase Freedom Unlimited can be a great option for you
While other cards to offer more, the Capital One Quicksilver Card is the card that started this trend, and is still offering and doing more than most of its competitors.
This card is not for consumers with are focused on paying down a credit card balance. There are other card options with longer 0% intro APR periods than the 15 months and that doesn’t have a balance transfer fee.
Compare The Alternatives
There are several other great options out there for cash back rewards credit cards that offer lucrative sign up bonuses, competitive cash back rates, and attractive intro APR periods.
Let’s review a few of our top choices as alternative options to the Capital One Quicksilver:
|
|
| |
|---|---|---|---|
American Express EveryDay® Card | Chase Freedom Flex℠ Card | Citi® Double Cash Card | |
Annual Fee | $0
. See Fees & Rates
| $0
| $0
|
Rewards |
1X – 2X
2X at U.S. supermarkets (up to $6,000 each year), then 1x on all purchases
|
1-5%
5% cash back on up to $1,500 in combined purchases on selected categories each quarter and 5% cash back on travel purchased through Chase Ultimate Rewards®. Also, you can earn 3% cash back on dining at restaurants (including takeout and eligible delivery services), drugstore purchases , and 1% on all other purchases
|
2% (1% when purchase and another 1% upon payment)
2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.
|
Welcome bonus |
10,000 points
10,000 points after you spend $1,000 in purchases on your new card within the first 3 months
|
$200
$200 bonus after you spend $500 on purchases in the first 3 months from account opening
|
$200
$200 cash back after you spend $1,500 on purchases in the first 6 months of account opening
|
Foreign Transaction Fee | 2.7%
| 3%
| 3%
|
Purchase APR | 17.49% – 28.49% variable
| 20.24%–28.99% variable
| 19.24% – 29.24% (Variable)
|
FAQ
There is no limit in place as to how many rewards you are able to earn when you are making purchases through the use of the Capital One Quicksilver Card.
Yes, once you refuse the insurance offered by the rental company you will automatically get coverage if you fund the entire purchase through this card. Please review the terms and conditions before to make sure you're covered.
Capital One often required monthly income to be at least $800. Sometimes, you will need to show some proof of income when you are applying for a Capital One Quicksilver Card.
You will normally get a credit limit of at least $5,000 when you go for a Capital One Quicksilver Card. This can be higher (or lower) if your personal financial situation fits the bill.
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