Capital One QuicksilverOne Review

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Many cash-back rewards cards require good credit to apply. Not so with the QuicksilverOne from Capital One—it’s available to people with average credit, and offers 1.5% cash back while giving you the opportunity to build up your credit.

Capital One QuicksilverOne Cash Rewards Credit Card

Overall Rating
Capital One QuicksilverOne 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
Fair - Excellent
Regular APR (%) 26.99% variable
Annual Fee $39
Rewards Earning Rate 1.5% cash back on every purchase, every day.
Foreign transaction fee (%) 0%
Ratings Breakdown
for Interest
for Fees
for Rewards
for Credit

Who Is This Credit Card Best For?

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    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’re looking to build up your credit profile while earning cash back, the Capital One QuicksilverOne is a good choice. Unlike many other cash-back rewards credit cards, the Capital One QuicksilverOne doesn’t require good to excellent credit. The 1.5% cash-back rate is comparable to rates many cash-back rewards cards offer. Plus, if you consistently make on-time payments, Capital One may automatically boost your credit limit after your first six months.

  • Available to people with average credit

  • Unlimited 1.5% cash-back rewards

  • Easy redemption options

  • Good behavior may be rewarded

  • High annual fee

  • High interest rate on purchases, transfers, and cash advances

  • No introductory interest rates

  • No bonus for new cardholders

Pros Explained

  • Available to people with average credit: Many credit cards (especially rewards credit cards) require good or excellent credit in order to qualify. The Capital One QuicksilverOne is an exception to that rule.
  • Unlimited 1.5% cash-back rewards: You can earn 1.5% cash back on all purchases you make, with no cap on how much you can earn. 
  • Easy redemption options: Cash out your rewards at any time and for any amount. You can redeem your rewards as a statement credit, a check, a gift card, or to pay for specific past purchases. You can even set up automatic redemption options for certain times of the year or certain dollar amounts, if you want. 
  • Good behavior may be rewarded: Capital One will consider you for a credit limit increase in as few as six months if you make five consecutive on-time payments. This may help increase your credit score, because you’ll be using less of your credit line (assuming you don’t run up the balance higher after the bump).  

Cons Explained

  • High annual fee: The Capital One QuicksilverOne card charges a $39 annual fee. That’s not much, but cash-back rewards cards often don’t have a fee, even those designed for customers with bad or average credit. Rewards cards with no annual fee usually require good or excellent credit, so consider working on your credit so you can qualify for a rewards card without the yearly charge. 
  • High interest rate on purchases, transfers, and cash advances: The Capital One QuicksilverOne charges a very high rate on purchases and other transactions compared to other cards. 
  • No introductory APRs: Many basic cash-back cards have introductory periods where you can pay a lower rate on purchases or balance transfers, but the QuicksilverOne doesn’t. Consequently, it’s not a good card for financing purchases or paying down other card debt. 
  • No bonus for new cardholders: There’s no opportunity to earn extra cash back for spending a certain amount of money during your first months as a cardholder. Many cards with similar rewards (but higher credit standards) offer this.

Earning Points & Rewards

You’ll automatically earn 1.5% cash back on all purchases you make, with no limit on how much you can earn and no expiration date. Rewards only expire if you close the card without redeeming them.

This rewards rate is comparable to rates offered by many cash-back rewards cards available, including cards geared toward customers with fair or average credit. 

Redeeming Rewards

You can cash in your rewards at any time and for any amount in the following ways:

  • Statement credit
  • Past purchases
  • Check
  • Gift card

Another handy thing that Capital One allows is setting up automatic redemption preferences. If you want to redeem your rewards at the same time each year—before the holidays, say, or a month before your birthday—you can do so. You can also set up cash rewards to be doled out automatically once you reach certain thresholds: for example, $25, $50, $100, $200, $500, or $1,500.

Finally, if you have another Capital One credit card with rewards, you can transfer any points and/or miles between these accounts to consolidate them. 

How to Get the Most Out of This Card

You can get the most out of this card in two specific ways. First, make sure you’re able to spend at least $2,600 per year (about $217 per month) with the card, because then you’ll earn enough cash back to offset the $39 annual fee. Second, make sure you pay off your balance in full before the payment is due—that way, you won’t even have to worry about paying the high interest rate.

Keep close tabs on your spending on a rewards card. It doesn’t make sense to make purchases to earn 1.5% cash back if you’re going to finance them with a double-digit APR. 

Capital One QuicksilverOne's Excellent Perks

Some credit cards offer some especially valuable perks that can help you out. The editorial team at The Balance identified one such perk:

  • No foreign transaction fees: Freely use your card when traveling abroad without having to pay more.

Capital One QuicksilverOne’s Other Features

  • ATM location services
  • Creditwise from Capital One

Customer Experience

Capital One ranked fifth out of 11 national card issuers in the J.D. Power 2020 U.S. Credit Card Satisfaction Study, earning a score two points below the average.

The issuer offers several handy features for its Capital One QuicksilverOne card, including a mobile app, account alerts, and a monthly recurring transaction list. 

Security Features

Many of the Capital One QuicksilverOne’s security features are standard and include things like card lock, a virtual credit card number, and account alerts. While this is not exclusive to card members, you can also take advantage of Capital One’s CreditWise program, which provides complimentary access to your VantageScore 3.0 score.

Capital One QuicksilverOne’s Fees

The Capital One QuicksilverOne is light on fees, other than the annual fee. The ones it charges are on-par with the industry, and there are several common fees it doesn’t carry. Most notably, there’s no foreign transaction fee. 

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Capital One QuicksilverOne Cash Rewards Credit Card
overall rating
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
Fair - Excellent
Regular APR (%) 26.99% variable
Annual Fee $39
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. J.D. Power. "Customers Losing Faith in Credit Card Issuers as COVID-19 Pandemic Lingers, J.D. Power Finds." Feb. 10, 2021.