Capital One Quicksilver Cash Rewards Credit Card

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If you like easy cash-back rewards and have an excellent credit score, the Quicksilver card from Capital One 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. But it may also be more lucrative for you. The Quicksilver card is one of the higher flat-rate earning cards out there.

Capital One® Quicksilver® Cash Rewards Credit Card

overall rating
4.8
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 (%) 16.24% - 26.24% variable
  • Annual Fee No Annual Fee
  • Rewards Earning Rate 1.5 % Cash Back on every purchase, every day.
  • Intro Purchase APR 0%
  • Intro Purchase APR Length (number of months) 15
  • Foreign transaction fee 0%
Ratings Breakdown
for Interest
1.0
for Rewards
1.9
for Credit
3.5

Earn a one-time $150 cash bonus once you spend $500 on purchases within 3 months from account opening

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Who is This Credit Card Best For?

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

If you have good to excellent credit, prefer a simple cash-back rewards program that earns a decent rate, and you want a credit card that doesn’t charge an annual fee, the Capital One Quicksilver should make your short list. There are other credit cards could earn you cash back at a higher rate, but many lack a sign-up bonus or are more of a hassle to use. In the first year or two, the Quicksilver’s welcome bonus may put you ahead of those cards.

Pros

  • Good welcome bonus

  • Competitive interest-free deals on balance transfers and purchases

  • Easy way to earn and redeem cash back

Cons

  • Lower earnings rate than other flat-rate cash-back credit cards

  • Requires good to excellent credit score

Pros Explained

  • Good welcome bonus: Given that the Quicksilver doesn’t have an annual fee and the spending requirement to get the bonus is relatively low, this is a compelling offer that meets those offered by other cards on the market. 
  • Easy way to earn and redeem cash back: You’ll earn a good flat rate of cash back with no limits and that you can redeem at any time—rewards never expire. You can even set up automatic redemptions (more on that below). 
  • Competitive interest-free deals on balance transfers and purchases: Pay no interest on purchases or balance transfers made in the first 15 months. This is in line with many competing balance transfer offers, though there are certainly some that are longer. Note that you won’t earn rewards on transferred balances.

Cons Explained

  • Lower earnings rate than other flat-rate cash-back credit cards: Other cards earn 2% cash back on all purchases—some earn even more.
  • Requires a good to excellent credit score: FICO generally classifies credit scores of 670 or above as “good” or better. If you have average credit, you may not qualify for this card (but you may want to look at the Capital One QuicksilverOne card).

Capital One Quicksilver Welcome Bonus

If you spend at least $500 within the first three months after you open your card, you’ll get a $150 welcome bonus. Capital One will credit it to your rewards balance within two billing cycles. 

There are higher sign-up bonuses out there to consider, but they usually require you to spend more on the card to get the bonus, and the card 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 & Rewards

Capital One’s rewards system is very straightforward and simple, with a few small catches. You’ll 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 decent earnings rate, especially for a free card. 

Other credit cards earn you rewards at a higher rate, but only for some purchases. Alternatively, some cards give you a higher flat rate than the Quicksilver (like 2% or more), but don’t come with a sign-up bonus.

To put the 1.5% earnings rate in perspective, consider this: In 2017, the average U.S. family spent $40,176 per year on expenses, not including housing. This could translate into $602.64 in cash back if you put all of your non-housing expenses onto the card. 

There’s no limit on how much you can earn. What’s more, 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:

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 $25, $50, $100, or $200.

How to Get the Most Out of This Card

Keep this card in your wallet and use it as your main 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 could easily wipe out your cash-back earnings. 

Capital One Quicksilver’s Excellent Perks

If you’re approved for the Capital One Quicksilver card, it’ll either be in the form of a Visa Signature or Visa Platinum card, depending on your credit level. Some perks are available on the Visa Signature, but not the Platinum:

  • Lost luggage insurance (Visa Signature only): If your luggage is lost, you could be reimbursed up to $3,000 per trip (or $2,000 per bag if you live in New York).
  • Travel accident insurance (both cards): If you or a family member dies or becomes disabled while on a trip you paid for with your Capital One card, you’ll be covered for up to $250,000 if you have the Visa Signature version and $100,000 if you have the Visa Platinum version. 

Capital One Quicksilver’s Other Features

Everyone with a Capital One Quicksilver card will have access to these other benefits:

  • Rental car insurance (this kicks in after your personal insurance)
  • Extended warranty
  • Travel and emergency assistance service

If you have the Visa Signature version of the Capital One Quicksilver card (not the Visa Platinum version), you’ll also have access to these benefits:

  • Insurance for lost or stolen purchases
  • Roadside assistance
  • Concierge for booking event tickets, travel, and other services

Customer Experience

Capital One ranked fifth out of 11 credit card issuers in the J.D. Power 2018 Credit Card Satisfaction Study, scoring just above the industry average. Its mobile app also was rated as “about average” in a 2019 J.D. Power study, but Capital One’s online experience was rated “better than most.”  

One stand-out feature that Capital One provides 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 also don't even have to have a Capital One card to sign up for CreditWise.

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.

If your credit report notes a new application for credit that you didn’t make yourself, that’s a sign that thieves may be applying for credit in your name. Learn about how to recover from identity theft.

Capital One also offers 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. Finally, 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’s Fees 

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

For Capital One® Quicksilver® Cash Rewards Credit Card

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Capital One® Quicksilver® Cash Rewards Credit Card
overall rating
4.8
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
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670 739
740 799
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  • Regular APR (%) 16.24% - 26.24% variable
  • Annual Fee No Annual Fee
  • Rewards Earning Rate 1.5 % Cash Back on every purchase, every day.
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  • 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.