Capital One Quicksilver 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 Card is simple. And that’s a good thing. This is a great card for people with average to good credit who are looking to collect on no-fuss rewards.

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 15 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.
  • No foreign transaction fees.
  • 0% intro APR period for 15 months on purchases and balance transfers.
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 15 months, then a variable 14.74% to 24.74%.

Extras, perks and using rewards

The card comes with Capital One benefits that include travel and auto insurances. Eligible vehicles are covered for damage or theft and, if you pay for your trip with the card, it offers travel accident insurance. We also like the extended warranty protection for eligible items paid for with the card.

Yet 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

Chase Freedom®
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • 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
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Credit Needed

Excellent/Good

Regular APR

16.74% - 25.49% Variable

Annual Fee

$0

Purchase Intro APR

0% Intro APR on Purchases for 15 months

Balance Transfers Intro APR

0% Intro APR on Balance Transfers 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
  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.24% - 25.24% 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/Good

Regular APR

15.24% - 25.24%* (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. Earn an unlimited 1% cash back when you make a purchase and another 1% back when you pay for those purchases. Big spenders may find this nets more cash-back overall as there’s no ceiling on what you can earn back.

Capital One® QuicksilverOne® Cash Rewards Credit Card
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Earn cash rewards without signing up for rotating categories
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Monitor your credit profile with the CreditWise® app, free for everyone
  • $0 fraud liability if your card is ever lost or stolen
  • No limit to how much cash back you can earn, and cash back doesn't expire for the life of the account
  • Help strengthen your credit for the future with responsible card use
  • Get customized alerts and manage your account with the Capital One mobile app
Credit Needed

Average, Fair, Limited

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.