Why I love the Capital One Quicksilver Cash Rewards

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I’m one of those people who structures her life to make as few unnecessary decisions as possible. As soon as I read about people like Steve Jobs and Mark Zuckerberg wearing the same outfit every day—and getting away with it!—I bought my favorite shirt in eight different colors (one for every day of the week, plus one to wear while you wash the other seven).

For me, making fewer small choices throughout the day helps me save up brain space for all of the big stuff that I want to think about, like writing articles, practicing the piano and challenging my boyfriend to another game of chess he is destined to win.

This is why I love the Capital One Quicksilver Cash Rewards Credit Card. With unlimited 1.5 percent cash back on every purchase, I can use this as my everyday spending card without having to decide, every time I’m about to buy something, whether I am using the credit card that is most likely to help me maximize my rewards.

Flat-rate cash back is simple

What do I love most about the Capital One Quicksilver Cash Rewards credit card? Unlimited 1.5 percent cash back on every purchase. I’ve been writing about personal finance for nearly a decade, so I know that I could be using a credit card that offers higher rewards on grocery purchases—but if I did that, I’d probably also want one of the best credit cards for restaurants, and then I’d tell myself I really ought to get a credit card that rewards online shopping, and suddenly I’d have a whole stack of credit cards and a mental decision tree that I’d have to run through every time I wanted to buy something.

That isn’t my style.

Unlimited 1.5 percent cash back on everything is 100 percent my style.

Plus, the Capital One Quicksilver Cash Rewards card offers all kinds of flexible cash redemption options. I used to turn all of my cash back rewards into statement credits, but lately I’ve been using them to cover Amazon.com purchases—all I have to do is apply my Capital One rewards at checkout, and that’s one more problem solved without me having to think about it.

No annual fee

What’s my second-favorite thing about the Capital One Quicksilver Cash Rewards credit card? No annual fee.

I’ve had credit cards with an annual fee before (airline credit cards, mostly) and I’ve always ended in the awkward position of having to decide whether to close the account after finding myself in a situation where the credit card is no longer serving my financial needs (moving from a Southwest Airlines hub to an Alaska Airlines hub, for example).

I don’t like closing old credit card accounts—losing all that available credit can lower your credit score, and, if it’s one of your older credit card accounts, you could also lose some of your credit history.

But I don’t like paying annual fees on credit cards I’m not using every day.

That’s why I love a good no-annual-fee credit card—and the Capital One Quicksilver Cash Rewards is one of the best.

Building up my credit score

I’ve had good credit for a long time—but I only got my credit score above 800 this past year, after buying a house and adding a mortgage to my credit mix.

How do I know that those are the two factors that helped me earn an 800 credit score? Because of CreditWise from Capital One, a free credit monitoring app that helps you track your credit score and improve your credit.

I love CreditWise—I used it to help me get my credit score as high as possible before applying for my mortgage, and now I’m using it to track how my day-to-day activity affects my credit. Spend a little extra one month, for example, and my credit utilization ratio goes up and my credit score goes down (but only by a few points, thank goodness).

CreditWise also keeps track of any threats to my identity or personal information, which is an added bonus. You also don’t have to have a Capital One credit card to use CreditWise. It’s free and available to everyone—so consider it highly recommended.

Other flat-rate cash back cards you might love

Why did I choose the Capital One Quicksilver Cash Rewards credit card? Because I already had a Capital One checking and savings account and adding a Capital One credit card was a very easy decision to make.

Of course, the Capital One Quicksilver Cash Rewards card isn’t the only flat-rate cash back card out there. If you’re thinking about adding a flat-rate cash back card to your wallet, I would be remiss if I didn’t suggest that you take a good look at the Citi® Double Cash Card, which gives you the opportunity to earn 2 percent cash back on every purchase—1 percent when you make the purchase and 1 percent when you pay that purchase off on-time. If you’re the kind of person who pays off their balances on a regular basis, you could earn even more cash back from the Citi Double Cash Card than I’m currently earning with the Capital One Quicksilver Cash Rewards.

You might also want to take a look at the Capital One QuicksilverOne Cash Rewards card—especially if you’re still working on building your credit score. The QuicksilverOne card also offers 1.5 percent cash back on every purchase and is one of the few cash back credit cards available to people with fair credit. That said, you’ll need to pay a $39 annual fee for the privilege of accessing the card—so if you were hoping for a credit card that didn’t charge an annual fee, this might not be for you.