Capital One Quicksilver Cash Rewards Credit Card
On Capital One's Secure Website
Capital One Quicksilver Cash Rewards Credit Card
On Capital One's Secure Website
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Capital One Quicksilver Cash Rewards credit card Review: Is It Worth It?

Capital One Quicksilver Cash Rewards credit card Review: Is It Worth It?

The Capital One Quicksilver Cash Rewards Credit Card is a good cashback card with a $0 annual fee, a solid initial welcome offer and unlimited 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply).

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Quick facts

More details

Rates & fees

  • Credit needed: 660 - 850
  • Earning rate: Unlimited 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply)
  • Annual fee: $0
  • Intro APR on purchases: 0% intro on purchases for 15 months
  • Regular APR: 17.99% - 27.99% (Variable)
  • Foreign transaction fee: None

Quick facts

  • Credit needed: 660 - 850
  • Earning rate: Unlimited 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply)
  • Annual fee: $0
  • Intro APR on purchases: 0% intro on purchases for 15 months
  • Regular APR: 17.99% - 27.99% (Variable)
  • Foreign transaction fee: None

More details

  • Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • $0 annual fee and no foreign transaction fees
  • Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • 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
  • 0% intro APR on purchases and balance transfers for 15 months; 17.99%-27.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months

Rates & fees

  • Intro Purchase APR: 0% intro on purchases for 15 months
  • Regular Purchase APR: 17.99% - 27.99% (Variable)
  • Intro BT APR: 0% intro on balance transfers for 15 months
  • Regular BT APR: 17.99% - 27.99% (Variable)
  • Annual Fee: $0
  • Foreign Transaction Fee: None
  • Balance Transfer Fee: 3%

Pros

  • Simple rate of cash back on every purchase
  • $0 annual fee
  • 0% intro APR period
  • None foreign transaction fees
  • Cash back does not expire for the life of your account

Cons

  • Lower rewards rate than with many other no-annual-fee cards
  • No bonus categories
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Is the Capital One Quicksilver Cash Rewards Credit Card worth it?

The Capital One Quicksilver Cash Rewards Credit Card could definitely be worth it for people seeking a credit card with a $0 annual fee and a simple earning structure.

You’ll earn unlimited 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply), and can easily redeem your rewards for a check or statement credit, on Amazon or through PayPal.

In addition to the solid everyday earning rates, you can get a large initial welcome offer, which compares favorably to the initial offers on other cards with no annual fee.

Capital One Quicksilver Cash Rewards Credit Card benefits: Earn a $200 cashback sign-up bonus

Like many credit cards, you can earn an initial bonus when you apply for the Capital One Quicksilver Cash Rewards Credit Card.

You can earn a One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.

While the sign-up bonus isn’t as large as some other credit cards’, this is still a nice welcome offer for a card with a $0 annual fee. Plus, it's quite easy to achieve, as it only requires $500 in spending to get the bonus.

Capital One Quicksilver Cash Rewards Credit Card benefits: Earn up to 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply)

While some cards have higher rewards rates in certain categories or rotating bonus categories where you need to enroll, the Capital One Quicksilver Cash Rewards Credit Card has a simple earning structure.

You 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply). That means that no matter where you use your Capital One Quicksilver Cash Rewards Credit Card, you'll get 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply).

This is 50% higher than a standard 1% cash back rate that other cards offer (although there are some credit cards, like the Wells Fargo Active Cash® Card, that let you Earn unlimited 2% cash rewards on purchases). There’s no limit to the amount of cash back that you can get while using your Capital One Quicksilver Cash Rewards Credit Card. And you also don’t need to enroll or worry about rotating categories to qualify for the cash back — it’s automatic.

How to redeem Capital One Quicksilver Cash Rewards Credit Card rewards

Cardholders have several options for how to redeem the cash back rewards they’ve earned. Here are a few of the different options:

  • Redeem as statement credit or a check: Probably the most straightforward way to redeem your Capital One Quicksilver rewards is to redeem them as a statement credit, though you can also receive them as a check sent in the mail. (Still, while you can redeem cash back to lower your statement balance, that cannot be used to meet the minimum payment requirements.) You have the option to set up an automatic withdrawal at a certain threshold or time of year; if you do not set that up, then your rewards are available to be redeemed at your request.
  • Redeem rewards on Amazon.com: You can link your Capital One account to your Amazon account and redeem rewards directly on Amazon.com.
  • Redeem rewards on PayPal purchases: You can also link your Capital One Quicksilver Cash Rewards Credit Card to your PayPal account. This will allow you to use any cash back you've earned with your card directly through PayPal.

Your cashback rewards won’t expire as long as the card remains open.

What credit score do you need for the Capital One Quicksilver Cash Rewards Credit Card?

According to the Capital One website, you need to have 660 - 850 credit to be approved for the Capital One Quicksilver Cash Rewards Credit Card. This means a credit score of at least 660

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Other Capital One Quicksilver Cash Rewards Credit Card benefits

The Capital One Quicksilver Cash Rewards Credit Card also comes with a few other benefits:

If you have excellent credit, you can qualify for an APR of 0% intro on purchases for 15 months; after that you’ll be charged an APR of 17.99% - 27.99% (Variable).

The Capital One Quicksilver Cash Rewards Credit Card doesn’t charge foreign transaction fees. So if you’re traveling outside the United States, you can pay for your purchases in the local currency and know that you will not be charged any additional fees.

When you pay for your purchase with your Capital One Quicksilver Cash Rewards Credit Card, you can double the time period of the manufacturer's warranty on eligible purchases. The extended warranty is good for up to an additional 24 months of coverage.

Drawbacks

  • Less rewarding than many no-annual fee cards: While the card offers a solid earning rate, you can still find more rewarding cashback cards. For example, the Citi® Double Cash Card – 18 month BT offer and Wells Fargo Active Cash® Card both earn more cash back on all purchases.
  • No bonus categories: The card earns the same rate of cash on every purchase — that may be great for simplicity, but it's not a good standalone option if you want to strategize to earn more cash back. Depending on your spending habits, you may be better off with a card like the Capital One SavorOne Cash Rewards Credit Card, which earns bonus points on dining, entertainment, popular streaming services and at grocery stores.
  • Requires excellent credit: Unfortunately, those with lower credit scores won’t likely qualify for this card. The Capital One QuicksilverOne Cash Rewards Credit Card is a similar card that only requires 0 - 660 credit.

How does the Capital One Quicksilver Cash Rewards Credit Card compare to other cards?

Here's a look at how the Capital One Quicksilver Cash Rewards Credit Card compares to some similar credit cards:

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Capital One Quicksilver Cash Rewards Credit Card vs. Capital One SavorOne Cash Rewards Credit Card

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Verdict: Better for you if you have a lot of grocery or dining expenses

The Capital One SavorOne Cash Rewards Credit Card is another Capital One card with a $0 annual fee. It’s a better card for grocery or dining expenses, since it earns 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases.

The welcome bonus is the same and the benefits are similar, so whichever card is best for you will depend on how much of your spending hits the Capital One SavorOne Cash Rewards Credit Card's bonus categories.

How does it compare?

  • Annual fee: $0 (same)
  • Welcome bonus: Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening (same)
  • Cash back percent: 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases (better)
  • Other benefits: None foreign transaction fees, APR of 0% intro on purchases for 15 months, 17.99% - 27.99% (Variable) APR after that, APR of 0% intro on balance transfers for 15 months, 17.99% - 27.99% (Variable) APR after that. (same)

Capital One Quicksilver Cash Rewards Credit Card vs. Citi® Double Cash Card – 18 month BT offer

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Verdict: Earns more cash back on all purchases, but doesn't come with a sign-up bonus

The Citi® Double Cash Card is demonstrably better than the Capital One Quicksilver Cash Rewards Credit Card for ongoing purchases. Cardholders Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

However, the Citi® Double Cash Card doesn’t come with any initial welcome offers. As such, you'll need to spend at least $40,000 on your Citi® Double Cash Card to have the extra 0.5% cash back make up for the welcome bonus on the Capital One Quicksilver Cash Rewards Credit Card.

How does it compare?

  • Annual fee: $0 (same)
  • Welcome bonus: None (worse)
  • Cash back percent: Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. (better)
  • Other benefits: Intro APR of 0% for 18 months on Balance Transfers. After that, the APR will be 17.74% - 27.74% (Variable). No intro APR on purchases. (worse)

Capital One Quicksilver Cash Rewards Credit Card vs. Capital One VentureOne Rewards Credit Card

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Verdict: Potentially more rewarding if you use Capital One's transfer partners

The Capital One VentureOne Rewards Credit Card is another $0-annual-fee credit card from Capital One that's generally less rewarding than the Capital One Quicksilver Cash Rewards Credit Card. It has a similar initial welcome offer, but only earns 1.25 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel.

However, you can get extra value with this card if you transfer miles to Capital One's transfer partners. With a lot of extra legwork, it's possible to get a better value than 1.5% back with the right transfer partner.

How does it compare?

  • Annual fee: $0 (same)
  • Welcome bonus: Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel (same)
  • Cash back percent: 1.25 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel (worse)
  • Other benefits: APR of 0% intro on purchases for 15 months followed by a 17.99% - 27.99% (Variable) APR, None foreign transaction fees (worse)

Should you apply for the Capital One Quicksilver Cash Rewards Credit Card?

The Capital One Quicksilver Cash Rewards Credit Card is a solid credit card with a $0 annual fee. Instead of earning different rates in bonus categories, it earns unlimited 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply).

When you couple that with a solid welcome bonus, the Capital One Quicksilver Cash Rewards Credit Card can make sense for a lot of consumers, especially those looking for a card with a simple earning and redeeming structure. If you're not sure if the Capital One Quicksilver Cash Rewards Credit Card is for you, check out our list of the best credit cards with no annual fee.

Capital One Quicksilver Cash Rewards Credit Card FAQs

Is the Capital One Quicksilver Cash Rewards Credit Card a Visa or a Mastercard?

The Capital One Quicksilver Cash Rewards Credit Card is a Mastercard. That means that you can use your Capital One Quicksilver Cash Rewards Credit Card anywhere Mastercard is accepted.

Is the Capital One Quicksilver Cash Rewards Credit Card metal?

No, the Capital One Quicksilver Cash Rewards Credit Card is not made out of metal.

Is the Capital One Quicksilver Cash Rewards Credit Card secured?

No, the Capital One Quicksilver Cash Rewards Credit Card is not a secured credit card. You’ll be issued a credit limit when you’re approved for the card, and can use the card up to that credit limit.

Where do I sign my Capital One Quicksilver Cash Rewards Credit Card?

You can sign your Capital One Quicksilver Cash Rewards Credit Card on the back of the card. Like most credit cards, there’s a strip on the back meant for the cardholder's signature.

Where do I access my Capital One Quicksilver Cash Rewards Credit Card login?

You can login to your Capital One Quicksilver Cash Rewards Credit Card account at capitalone.com. There you can access your account, review your charges and manage your account.

How do I activate the Capital One Quicksilver Cash Rewards Credit Card?

To activate your Capital One Quicksilver Cash Rewards Credit Card, you have two options. The first option is to log on to your online account at capitalone.com. You can also call the customer service number on the back of your card and ask for your account to be activated.

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Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).

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