Capital One® Quicksilver® Cash Rewards Credit Card

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Claire Dickey @ClaireDickey  in  Cash Back Advertising Disclosure
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Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

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Best for flat-rate cash back

Annual Fee:
$0
Purchase Intro APR:
0% intro on purchases for 15 months
Balance Transfer Intro APR:
0% intro on balance transfers for 15 months
Regular APR:
16.24% - 26.24% (Variable)
Terms and Restrictions Apply
Bankrate Score: 93 out of 100

Commonly used for: 0% APR, Cash Back, Excellent Credit, No Annual Fee, No Foreign Transaction Fees, Rewards, Sign-up Bonus.

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With the Capital One® Quicksilver® Cash Rewards Credit Card, simplicity reigns. Perfect for those looking for a no-fuss way to earn rewards, this card lets you earn an unlimited 1.5% cash back on every purchase.

The Quicksilver’s cash back rewards program is uncomplicated. There aren’t any categories to track, and with no annual fee, you won’t have to calculate how much spending would make the card worth it.

Here are the details:

There will always be better rewards offered by other cards. But the Quicksilver’s straightforward nature makes it an easy pick for spenders wanting an easy way to earn cash back. Enjoy an unlimited 1.5% cash back on all purchases and a $150 sign-up bonus after spending $500 within the first three months of account opening.

This card doesn’t charge an annual fee and comes with a 15-month introductory 0% APR on purchases and balance transfers (16.24%-26.24% variable thereafter). Keep in mind that you’ll be charged a 3% fee on balance transfers made within those 15 months.

Is this card right for you?

The Quicksilver is for those who don’t want to juggle multiple cards or navigate rotating bonus categories. Sure, there are cards that offer higher rewards rates, but if you’re more interested in a card that flies on autopilot, the Quicksilver is a decent choice.

Frequent travelers will enjoy the card’s lack of foreign transaction fees, along with standard Capital One benefits like 24-hour travel assistance, travel accident insurance and auto rental coverage for collision and theft damages.

You’ll also get extended warranty protection on eligible items paid for with the card and identity theft services should your card ever get compromised.

Advantages
  • Unlimited 1.5% cash back on every purchase
  • $150 cash bonus when you spend $500 within the first three months of account opening
  • No foreign transaction fees
Disadvantages
  • There are no bonus categories, so people with spending heavily concentrated in key areas may find greater rewards with another card
  • Balance transfer fee of 3%

How much are the rewards worth?

To qualify for the $150 bonus, all you need to do is spend $500 within the first 3 months of account opening. That could be as simple as paying a few bills using your Quicksilver card.

In line with the 1.5% cash back rewards, if you spend just $500 a month on your card, you’ll earn $90 for the year. When you add in the bonus, that’s $240 in cash back your first year of card ownership.

How this card compares

Chase Freedom®

Up for the challenge of tracking bonus categories? With the Chase Freedom, you’ll get 5% back (up to $1,500 per quarter) on rotating categories, plus an unlimited 1% back on all other purchases. This card also offers a $150 cash back sign-up bonus when you spend $500 in the first three months of card ownership.

Rotating rewards categories might not be everyone’s cup of tea, so 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 from the Chase Freedom.

Read the full Chase Freedom review here.

Citi® Double Cash Card

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.

Earn an unlimited 1% cash back when you make a purchase and another 1% back when you pay for it. Big spenders may find this equates to more cash-back overall as there’s no cap on what you can earn back.

Read the full Citi Double Cash Card review here.

Capital One® QuicksilverOne® Cash Rewards Credit Card

If you’re trying to build or rebuild your credit, the QuicksilverOne offers a lower credit threshold and similar benefits to the Quicksilver. With the QuicksilverOne, you’ll get the same 1.5% cash back on every purchase but will be charged a $39 annual fee.

If you have good enough credit, there are better no annual fee card options that can earn you greater rewards. But for those with fair credit, the QuicksilverOne is a decent option for building credit and earning rewards.

Read the full Capital One QuicksilverOne Cash Rewards review here.

How to use this card

With the Quicksilver, you can redeem your cash back for any amount at any time. To access your rewards, log on to your account on the Capital One website and either redeem your earned rewards as statement credit or request a paper check. 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.

The Quicksilver comes with Capital One benefits like travel and auto insurance. Your rented vehicle will be eligible for damage and theft coverage as long as you have paid for the car rental with your Quicksilver card.

The bottom line

The Quicksilver offers a simple way to earn cash back without tracking rotating rewards categories or worrying about an annual fee. But if you’re looking for a higher rewards value and don’t mind putting in the work, there are better cash back options out there.


Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.