| Last updated on February 5th, 2024
Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards Credit Card
- 19.99% - 29.99% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 19.99% - 29.99% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 29.99% variable based on the Prime Rate Cash Advance APR
- 0% for 15 months from account opening date Intro Purchase APR
At a Glance
With the Capital One Quicksilver Cash Rewards Credit Card in hand, users can forego the complications of shopping for specific items to earn bonuses in lieu of earning 1.5% cash back across the board on every purchase, every day. This makes the card a top contender among the straightforward cash back credit cards available today.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- 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
- Cash back wo't expire for the life of the account and there's no limit to how much you can earn
- $0 Fraud Liability if your card is ever lost or stole
- Intro Purchase APR: 0% for 15 months from account opening date
- Regular Purchase APR: 19.99% - 29.99% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 15 months from account opening date
- Balance Transfer APR: 19.99% - 29.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR.
- Cash Advance APR: 29.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: 3% of the amount of the cash advance, but not less than $3
- Late Payment Penalty Fee: Up to $40
- You want to earn unlimited 1.5% back on all purchases
- You plan to spend at least $500 on the card within the first three months
- You don’t want to pay an annual fee
In-Depth Review: Capital One Quicksilver Cash Rewards Credit Card
For those who love cash back rewards but hate the hassle of dealing with bonus categories, there’s the Capital One Quicksilver Cash Rewards Credit Card – a competitive and low-maintenance cash back rewards option with no annual fee.
Who Can Benefit from Quicksilver?
People who enjoy attending special events and dining at exclusive restaurants will find the most value in the Capital One Quicksilver Rewards Card. That’s because the card provides unlimited cash back rewards and exclusive access to hard-to-get reservations courtesy of Capital One Dining. Additionally, those looking for an introductory APR offer and a card with no foreign transaction fees can benefit from this card.
Credit Needed
Capital One offers credit cards for all credit profiles. The Quicksilver Rewards Card, however, is like the Savor and Venture Rewards credit cards in that it is aimed at applicants with good to excellent credit scores.
Introductory APR
New accounts with the Quicksilver Rewards Card enjoy two introductory 0% APR offers. Get 0% introductory APR for 15 months on purchases and balance transfers, with a regular, variable APR afterward based on creditworthiness. Those intro APR periods are on par with other offers from Chase, Citi, and American Express, making the Quicksilver a great all-around credit card.
How to Earn Rewards
Welcome Offer
The Quicksilver Card comes with an enticing welcome bonus. New accounts earn a one-time $200 cash bonus after spending $500 on purchases within three months of account opening. That welcome offer is very easy to achieve and can go a long way in helping to maximize value with the Quicksilver Card.
Earn Unlimited Cash Back
While Quicksilver is the name, simplicity is the real game of this rewards card. Cardholders earn an unlimited 1.5% cash back on all eligible purchases with no confusing caps or bonus categories to worry about. The versatile nature of the category-less rewards structure means that this card can complement anyone’s spending habits or go-to credit card lineup.
This simplicity means you’ll never have to worry about merchant category codes (MCCs) again. Instead, use this card to earn 1.5% back everything – and even for those tricky purchases that don’t fall under the popular bonus categories such as:
- Online payments (i.e., utilities, cell phone bills, medical bills)
- Specialty services (i.e., mechanics, florists, veterinarians)
- Unconventional storefronts (i.e., kiosks, farmers markets, convenience stores)
Other Ways to Earn
Cardholders also earn unlimited 5% cash back on travel bookings (rental cars and hotels) made through the Capital One Travel portal.
Cash back rewards with Quicksilver never expire.
How to Redeem Rewards
One of Capital One Quicksilver’s rewards program’s great features is its flexibility. Capital One Rewards do not expire for the life of the account and are redeemable for various options. Cardholders can use their points towards various award options, including cash back as statement credits, shopping, and travel through the Capital One travel portal. Shopping is a robust category thanks to the ability to make purchases with Amazon or via PayPal Pay with Points.
Capital One Benefits
Beyond the unlimited cash back rewards, the Quicksilver credit card also has impressive (and useful) Capital One and partner benefits. These benefits include:
- Six Months Complimentary Uber One Membership: Quicksilver cardholders enjoy a complimentary Uber One six-month membership until November 14, 2024 – a $9.99 monthly value. Remember that the Uber One membership will roll over the next year at a rate of $99.99 in one installment, so cancel your account before that date to avoid the additional charge.
- Capital One Entertainment Access: Capital One Entertainment is a ticketing platform that offers exclusive access to VIP packages, events, and on-site perks for eligible Capital One rewards cardholders. It allows cardholders to redeem rewards for over 500,000 events in music, sports, dining, and more, providing flexibility in payment options through rewards, Capital One credit cards, or a combination of both.
- Capital One Dining: Quicksilver cardholders also enjoy access to exclusive reservations via Capital One Dining. Capital One Dining is a feature that allows Capital One cardholders to earn rewards and receive special benefits when dining at participating restaurants.
- Capital One Café: Enjoy 50% off all handcrafted beverages daily at any Capital One Café.
- Eno: Cardholders enjoy account alerts from Capital One’s virtual assistant, Eno,
Other Card Benefits
Other features of the Quicksilver Card include no foreign transaction fees and Mastercard safety features and perks. Here are all the Mastercard protections and benefits:
| Zero Liability Protection | Mastercard Global Services | ID Theft Protection |
Comparison
Unlimited Cash Back Comparison
| Quicksilver Cash Rewards | Chase Freedom Unlimited® | Citi® Double Cash Card | |
|---|---|---|---|
| Rewards | Earn an unlimited 1.5% cash back on every purchase | Earn 5% on travel through Ultimate Rewards, 3% back on drugstore purchases and dining at restaurants, and 1.5% back on all other purchases | Earn 2% back on all purchases (1% back when you purchase and 1% back when you pay) |
| 0% Intro APR | 15 billing cycles on purchases and balance transfers | 15 months on purchases and balance transfers | 18 months on balances transferred in the first 4 months |
| Annual fee | None | None | None |
| Network | Mastercard | Visa | Mastercard |
Quicksilver Comparison
| Quicksilver Cash Rewards | QuicksilverOne Cash Rewards | |
|---|---|---|
| Annual fee | $0 | $39 |
| Rewards | Earn an unlimited 1.5% cash back on every purchase | Earn an unlimited 1.5% cash back on every purchase |
| Credit | Excellent | Fair – Good |
| Welcome bonus | $200* | N/A |
| 0% APR? | 15 months, purchases and transfers | N/A |
| *See terms | ||
Tips for Maximizing Rewards with Quicksilver
To make the most of your Capital One Quicksilver Cash Rewards Credit Card, here are some tips to help you maximize your rewards:
- Use the Card Daily: Since the Quicksilver Cash Rewards Credit Card offers unlimited 1.5% cashback on every purchase, use it for all your day-to-day expenses to earn rewards on every dollar you spend.
- Take Advantage of the Welcome Bonus: Meet the spending requirement within the first three months to earn the sign-up bonus. Plan your purchases strategically to reach the required amount and receive a generous cash bonus.
- Set Up Autopay: Avoid late fees and interest charges by setting up automatic payments for your credit card bill. This will help you maintain a good payment history and maximize the benefits of your credit card.
What We Like About Quicksilver
Streamlined Rewards
If used correctly, the Capital One Quicksilver Cash Rewards Card can positively impact your finances. By earning unlimited 1.5% cashback on every purchase, you can save money and build up your rewards over time. Whether you use your rewards to offset your expenses or treat yourself to something special, the card allows you to maximize your rewards.
Simplicity and Credit Building In One Package
Also, the Quicksilver Card can help you establish and improve your credit history. By making timely payments and maintaining a good credit utilization ratio, you can demonstrate responsible credit behavior and boost your credit score. This can open doors to better financial opportunities in the future, such as lower interest rates on loans and better credit card offers.
Things to Consider
Lower Rewards Rate
While the Quicksilver offers unlimited cash back, that rewards rate is lower than you might find elsewhere. The card earns unlimited 1.5% back, which is great, but it is 0.5% less than you’d find with the Citi Double Cash or the TD Double Up Card (amongst others). Carefully consider the rewards on offer and see if they align with your spending patterns before applying.
Capital One Ratings
How is Capital One a credit card issuer? Here is a selection of reviews for the bank from consumers and experts alike:
| BestCards | Better Business Bureau | TrustPilot |
|
4.5/5 |
2.5/5 |
2.5/5 |
Should You Apply for the Capital One Quicksilver Cash Rewards Credit Card?
If you have Excellent credit and are looking for a catch-all cash back rewards card that can reward you for the little things (and handle the big things) in life, then you can’t go wrong with this version of the Quicksilver card. Few cards can say they are the complete package, but this one comes with all the bells and whistles (a solid signup bonus and a competitive 15-month introductory APR period) without having an annual fee. In this regard, it’s the ideal competitor for the impressive Chase Freedom Unlimited (or even the Freedom Flex)
The Capital One Quicksilver Cash Rewards Credit Card has the advantage of international travel as Capital One cards don’t carry foreign transaction fees, whereas the Citi Double Cash charges 3% on any purchase made abroad. It also does not require a minimum redemption amount (where the Citi Double Cash does), making it a much more flexible reward redemption program.
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