Capital One Quicksilver Cash Rewards Credit Card

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Easy cash-back rewards card that doesn't make you have to think.

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The Capital One Quicksilver Cash Rewards Credit Card is simple. And that’s a good thing.

The card’s rewards program is structured so you don’t have to think about whether this is the month that gas station spending pays more or that it’s time to take advantage of warehouse club spending. There’s also no annual fee, so you don’t have to do the math about how much you’ll have to spend to make the card worth it.

Review

We like that this card is straightforward. But straightforward isn’t good enough if there isn’t value to back it up. Quicksilver has a lot going for it, including a flat 1.5% cash-back reward on every purchase, and a nice $150 sign-up bonus after you spend $500 within the first three months from account opening. The card also comes with a nine-month, introductory 0% APR on purchases and balance transfers.

You’ll find plenty of other credit cards that offer better rewards, a better sign-up bonus and a longer no-interest introductory period. But there are few cards as uncomplicated as this one.

Who should get this card?

Quicksilver is for the type of person who likes to set up auto pay on their bills. Just get the job done without having to think about it.

This is a great option for anyone who doesn’t want to navigate using different cards to maximize rewards or track rotating bonus categories. Anyone who can’t stand paying an annual fee will rejoice in knowing they’ll never have one.

Quicksilver also comes with some top-notch travel and protection perks that you may not find with other simple cash-back rewards cards.

Advantages
  • Unlimited 1.5% cash back on every purchase.
  • Earn a one-time cash bonus of $150 if you spend at least $500 on purchases within the first three months of account opening.
  • Receive a 50% statement credit on your monthly Spotify Premium subscription (through April 2018) when you pay with your Quicksilver card.
  • No foreign transaction fees.
Disadvantages
  • Only those with an excellent credit rating will be approved for this card.
  • There are no bonus categories, so heavy spenders on gas or groceries may find greater rewards with another card.
  • You'll pay a balance transfer fee of 3%, which is higher than a few top balance transfer credit cards offer.

Fees and APR

  • There is no annual fee.
  • You’ll pay no foreign transaction fee on purchases made outside the United States.
  • The introductory APR on purchases and balance transfers is 0% for nine months, then a variable 13.99% to 23.99%.

Extras, perks and using rewards

The card comes with World Elite Mastercard benefits, which include travel protections like trip cancellation reimbursement and baggage insurance, complimentary room upgrades at participating properties, concierge service and car rental insurance.

You can also benefit from the price protection feature, which will reimburse you the difference in eligible items if you find a lower price within 120 days of purchase. Another nice perk is the access to the card’s Identity Theft services if you ever feel you’ve been compromised.

To access your cash-back rewards, log on to your account on the Capital One website and either redeem your earned rewards as a statement credit or request a paper check be mailed to you. There’s no minimum amount you have to accrue to redeem your rewards and they never expire as long as your account is open and in good standing.

How this card compares

Card Details
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter like gas stations, restaurants and drugstores
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Credit Needed Good
Regular APR 15.99% - 24.74% Variable
Annual Fee $0
Purchase Intro APR 0% for 15 months
Balance Transfers Intro APR 0% for 15 months

If you’re up for the challenge of tracking bonus rewards categories, Chase Freedom can give you some real cash-back bang for your buck. For travel junkies and road warriors, this card is ideal when paired with an eligible Chase card to reap maximum travel rewards on your spending.

If you don’t want to do the work, get a card that offers a flat cash-back rate better than what you’ll find here.

If you’re someone who finds the challenge of bonus category worth the effort, you might be better off with a card like the Chase Freedom, which has quarterly rotating 5% bonus categories up to $1,500 in combined purchases and pays an unlimited 1% back on all other purchases.

Citi® Double Cash Card
Card Details
  • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.49% - 24.49% based on your creditworthiness
  • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
  • No categories to track, no caps on cash back, no annual fee*
Credit Needed Excellent
Regular APR 14.49% - 24.49%* (Variable)
Annual Fee $0*
Purchase Intro APR N/A
Balance Transfers Intro APR 0% for 18 months*

When it comes to rewards value, the Citi Double Cash Card ranks among the very best cash-back credit cards that charge no annual fee.

So why, you might ask, does this card not receive a higher score from Bankrate? There are a couple reasons, but the main thing dragging this card down is this: Because Citi Double Cash offers no sign-up bonus, it struggles to compete with many cards in this category.

Longer-term, the Citi Double Cash Card may earn you more rewards. Earn an unlimited 1% cash back when you make a purchase and another 1% back when you pay for those purchases.

Capital One® QuicksilverOne® Cash Rewards Credit Card
Card Details
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Use your QuicksilverOne card and get 50% back as a statement credit on your monthly Spotify Premium subscription, now through April 2018
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Fraud coverage if your card is ever lost or stolen
  • Use online banking to access your account, even from your smartphone, with our mobile app
  • Help strengthen your credit for the future with responsible card use
Credit Needed Fair
Regular APR 24.99% (Variable)
Annual Fee $39
Purchase Intro APR N/A
Balance Transfers Intro APR N/A

As a rewards credit card, the Capital One QuicksilverOne Cash Rewards Credit Card just doesn’t stand up to the competition. As a rewards card for a consumer trying to rebuild (or build for the first time) their credit, this card is worth a look.

There are numerous options other there if you have good credit to earn rewards at this level or higher without having to pay for the privilege. But there are few cards available to someone with fair credit that also offer a nice payday.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.