Rewards Plan
Sign up Bonus
Our 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
Our Rating
PROS
- Attractive Rewards Rate
- 0% Intro APR
CONS
- Lower Cash Back Rate
- Limited Perks
APR
19.99% - 29.99% variable
Annual Fee
$0
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 5% percent cash back on hotels and rental cars booked through Capital One Travel and 1.5% cash back on all purchases everyday. 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.
The redemption process is user-friendly, allowing cash back to be redeemed as a check, statement credit, or for purchases on Amazon and PayPal. Additionally, cardholders can convert cash back into points for travel bookings with a 1:1 ratio, especially beneficial for those with other Capital One travel cards.
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.
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
Pros & Cons
Let’s take a look at the benefits and drawbacks of the Capital One Quicksilver Cash Rewards Card and see if it’s the right one for your wallet or not.
Pros | Cons |
|---|---|
Intro 0% APR
| Solid Rewards Rate |
Sign-Up Bonus | Balance Transfer Fee |
No Annual Fee or Foreign Transaction fee | Limited Perks |
Cash Back on All Purchases |
- 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.
- Sign-Up Bonus
The card offers a substantial one-time $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.
- 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.
- 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.
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- Solid Rewards Rate
The 1.5 percent cash back rate is lower than some competing flat-rate rewards cards that offer 2 percent back on all purchases, potentially resulting in lower overall rewards. You'll be able to get higher cash back rates on a variety of credit cards.
- Balance Transfer Fee
While the card provides a 0% intro APR on balance transfers for the first 15 months, it charges a 3% balance transfer fee during this period, which could impact the overall cost savings for users looking to consolidate debt.
- Limited Perks
The card offers few additional perks beyond basic issuer benefits, which may be a drawback for users seeking more extensive cardholder benefits.
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.
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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 The Quicksilver 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.
How It Compared To Other Flat Rate Cashback Cards?
While the American Express Cash Magnet Card competes with a 1.5 percent flat cash back rate, the Quicksilver's $200 welcome bonus provides an extra upfront benefit. The Chase Freedom Unlimited offers a higher cash back rate of 1.5 percent, but its foreign transaction fees may offset these gains for those frequently traveling abroad.
However, it offers lower rewards ratio compared to other flar rate cashback cards such as the Citi Double Cash or the Wells Fargo Active Cash.
How It Compared To Other Capital One Cards?
When compared to other Capital One cards, it stands out as a solid choice for those who prioritize simplicity and flexibility in their rewards program.
Unlike the Capital One Venture Rewards Credit Card, which is geared towards travel enthusiasts with its miles-earning system, the Quicksilver offers straightforward cash back, making it a versatile option for various spending habits.
In contrast to the Capital One Savor cards, designed for individuals who spend heavily on dining and entertainment, the Quicksilver lacks specialized bonus categories but compensates with a consistent 1.5 percent cash back on all purchases
However, when compared to the Capital One Venture X Rewards Credit Card, a premium offering with elevated rewards rates and enhanced travel benefits, the Quicksilver may seem less feature-rich.
Additionally, the absence of cards like the Capital One SavorOne, which caters to those seeking dining and entertainment rewards with no annual fee, means that the Quicksilver is not the optimal choice for individuals with specific spending preferences in those categories.
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 5% percent cash back on hotels and rental cars booked through Capital One Travel and 1.5% cash back on all purchases everyday.. 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 points at U.S. supermarkets (up to $6,000 per year, then 1X), 2X points on prepaid rental cars booked through American Express Travel and 1X points on all other purchases
|
1-5%
|
1% – 2%
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
$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 | 18.24% – 28.24% Variable
| 20.49%–29.24% 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.
