Capital One Quicksilver Cash Rewards Credit Card Review

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If you like easy, dependable cash-back rewards, the Capital One Quicksilver Cash Rewards Credit Card is worth a look. Its flat-rate rewards structure, which gives you the same, solid return on every dollar you spend, is simpler to use than cards that earn more on certain categories of spending.

Capital One Quicksilver Cash Rewards Credit Card

Overall Rating
4.7
Capital One Quicksilver Cash Rewards Credit Card
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.49% - 25.49% variable
Annual Fee $0
Rewards Earning Rate 1.5% cash back on every purchase, every day.
INTRO PURCHASE APR 0% for 15 Months
Foreign transaction fee (%) 0%
Ratings Breakdown
for Interest
2.5
for Fees
5.0
for Rewards
1.3
for Credit
1.5
Current Offer

Earn a one-time $200 cash bonus once you spend $500 on purchases within 3 months from account opening.

Who Is This Credit Card Best For?

  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Savvy Saver Persona
    Prioritizes sticking to their budget while buying what they want and need See more cards
    Savvy Saver

If you have excellent credit and want a no-fuss cash-back rewards program with a decent rate, the Capital One Quicksilver Cash Rewards Credit Card should make your short list. There are other cards that earn you more per dollar, but many of them lack a bonus for new cardholders or are more of a hassle to use.

Pros
  • Easy way to earn and redeem a solid rate of cash back

  • Decent welcome bonus

Cons
  • No promotional balance transfer APR offer

Pros Explained

  • Easy way to earn and redeem a solid rate of cash back: You’ll earn a competitive flat rate of cash back with no limits that you can redeem at any time—rewards never expire. You can even set up automatic redemptions. 
  • Decent welcome bonus: This is a competitive offer that’s in line with what similar cards with no annual fee are offering right now. And we like that the spending requirement is relatively low.

Cons Explained

  • No promotional balance transfer APR offer: While this card boasts a competitively long 0% APR offer on purchases, it lacks the comparable balance transfer deal other flat-rate cash-back cards are advertising right now. If you’re not trying to consolidate card balances and save on repayment costs, this won’t matter, but if you are, pass on this card.

Capital One Quicksilver's Bonus for New Cardholders

Spending at least $500 within three months after opening your account earns you a $200 cash-back bonus. Capital One will credit it to your rewards balance within two billing cycles. 

This is not a large offer, but it’s a typical promotion among similar flat-rate cash back cards. Cards offering higher bonuses, often require spending more and may charge an annual fee.

If you’ve ever had a Capital One Quicksilver card before, you may not be eligible for this bonus.

Earning Points and Rewards

Capital One’s rewards system is straightforward and simple. You earn 1.5% cash back on all the purchases you make. In other words, for each dollar you spend, you’ll earn 1.5 cents in cash back rewards.

This is a competitive earning rate for a no annual fee card. There are a few that offer 2% cash back on all purchases—or even more—if you’re willing to pay an annual fee, invest the money, or take other extra steps.

Still other credit cards earn you rewards at a higher rate, but only for some types of purchases.

There’s no limit on how much you can earn, and rewards never expire. The only time you might actually lose your rewards balance is if you close the card without first redeeming your rewards.

Redeeming Rewards

You can redeem your rewards at any time and for any amount in three main ways:

  • Statement credit 
  • Check
  • Gift card

You can even set up your rewards account to automatically pay out at set times of year (for instance, every quarter) or when you reach a $25, $50, $100, $200, $500, or $1,500 threshold.

If your card is connected to your PayPal account, you can also apply your rewards to purchases made through PayPal.

How to Get the Most out of This Card

Keep this card in your wallet and use it as your go-to card for all of your purchases. Always remember to pay off your credit card in full each month, because any interest you have to pay will easily wipe out your cash-back earnings. Similarly, if you use this card to finance a large purchase, make sure the balance is paid off before the promotional period ends.

Capital One Quicksilver's Excellent Perks

This card offers a handful of benefits that make The Balance's cut for high-value perks worth noting:

  • Travel accident insurance: If you or a covered travel companion experiences a severe, even fatal accident as a passenger on a plane, train, or other common carrier, you'll be covered for as much as $1 million as long as your trip was paid for with your card.
  • Insurance coverage for lost or delayed luggage: You'll receive up to $100 per day for three days to cover daily must-haves if there's a delay in returning your bags while traveling on a trip paid for with your card.
  • Insurance coverage for trip cancellation, interruption, or delay: If your travel plans are disrupted because of an unexpected injury or illness, you may be reimbursed up to $1,500 for nonrefundable expenses as long as you used your card to pay for the entire trip.

Capital One Quicksilver's Other Features

  • Extended warranties
  • Concierge for booking event tickets, travel, and other services
  • Travel and emergency hotline

Customer Experience

Capital One ranked “about average” among 11 credit card issuers in the J.D. Power 2020 Credit Card Satisfaction Study. However, its mobile app was rated second in another 2020 J.D. Power study.  

One feature that Capital One provides that stands out is a tool called CreditWise. It provides you a free VantageScore 3.0 credit score, access to your TransUnion credit report, and a simulator that can show you how different activities such as paying off your credit card debt might affect your credit score.

You don’t necessarily need to have a Capital One card in order to sign up for the CreditWise service.

Security Features

The CreditWise tool can also help you monitor your credit for fraud by notifying you when there are changes to your TransUnion or Experian credit reports. In addition, CreditWise will scan the “dark web” for information such as your Social Security number, and notify you if it’s detected somewhere it shouldn’t be.

Capital One also provides account and security alerts to notify you if anything fishy is detected on your Quicksilver account. If it is, or if you just need peace of mind if you misplace your card, you can lock your card via the mobile app to prevent it from being used. Plus, Capital One can provide you with a virtual credit card number that you can use for online shopping, so you don’t have to disclose your actual card number to merchants.

Capital One Quicksilver Fees 

The card’s fees are in line with other credit cards, but travelers will appreciate that there are no foreign transaction fees.

Next Steps
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CURRENT CARD
Capital One Quicksilver Cash Rewards Credit Card
overall rating
4.7
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.49% - 25.49% variable
Annual Fee $0
Rewards Earning Rate 1.5% cash back on every purchase, every day.
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. Capital One. "Quicksilver from Capital One." Accessed Dec. 5, 2020.

  2. Capital One. "Rate and Fee Information." Accessed Dec. 5, 2020.

  3. Capital One. "World Elite Mastercard Guide to Benefits." Accessed Dec. 5, 2020.

  4. J.D. Power. "Customers Losing Faith in Credit Card Issuers as COVID-19 Pandemic Lingers, J.D. Power Finds." Accessed Dec. 5, 2020.

  5. J.D. Power. "Bank and Credit Card Provider Investments in Easy-to-Use Digital Tools Pay Off, J.D. Power Finds." Accessed Dec. 5, 2020.

  6. Capital One. "Credit Wise." Accessed Dec. 5, 2020.