Capital One® Quicksilver® Cash Rewards Credit Card
The information about the Capital One Quicksilver Cash Rewards Credit Card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.
Capital OneQuicksilver® Cash Rewards Credit Card: Details and benefits
Those looking to earn a flat rate on every purchase for no annual fee will find the Capital OneQuicksilver® Cash Rewards Credit Card a practical choice.
You’ll earn an unlimited 1.5 percent cash back on every purchase and a $150 cash back bonus when you spend just $500 in your first three months.
Should you have any credit card debt to pay off, the Quicksilver can act as a balance transfer option, as well. The card comes with a 15-month introductory zero percent APR on both purchases and balance transfers (15.49 percent — 25.49 percent variable thereafter). Similar to other balance transfer cards, you’ll owe a 3 percent fee of the amount of each transfer.
Is the Capital One Quicksilver worth it for you?
The Quicksilver is ideal for those who prefer a minimal effort credit card. You’ll earn a flat rate on every purchase, meaning you don’t need to juggle multiple cards or navigate rotating bonus categories, and there’s no annual fee to eat up your yearly reward earnings.
If you do any sort of traveling, you’ll appreciate the card’s lack of foreign transaction fees on purchases made abroad. There are also quite a few travel perks, like travel accident insurance, complimentary concierge service and 24-hour travel assistance services.
With travel accident insurance, you’re covered so long as you paid your entire travel fare with the Quicksilver. Complimentary concierge service can help you find tickets to events, book travel, make restaurant reservations and more. If your card is lost or stolen, you can use Capital One’s 24-hour travel assistance services to get an emergency replacement card and a cash advance.
Get the most value from the Capital One Quicksilver
The Quicksilver card offers various security alerts should your card ever be lost or stolen. Zero dollar fraud liability protects you from unauthorized charges made to your account, and email, text and phone alerts will keep you notified should any suspicious transactions appear on your account.
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. You can get help tracking your credit score, too, with CreditWise®.
How much are the Capital One Quicksilver rewards worth?
By spending $600 a month with the Quicksilver, you’ll earn $108 for the year. When you add in the welcome bonus, that’s $258 in cash back earned your first year of card ownership.
To qualify for the $150 bonus, simply spend $500 within the first 3 months of account opening. That could mean paying a few bills or completing your family’s grocery shopping using the card.
Balance transfer example
Say you have $3,000 in credit card debt that you transfer to the Quicksilver card. In doing so, you’ll pay $200 a month for 15 months without paying additional fees in interest. There is a 3 percent fee associated with the transfer, meaning you’ll owe an additional $90 (or $6 a month).
How to redeem rewards
With the Quicksilver, you can redeem your cash back for any amount at any time. To access your rewards, log into 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 need to accrue to redeem your rewards, and they never expire as long as your account is open and in good standing.