| Last updated on November 8th, 2023
Capital One QuicksilverOne Cash Rewards Credit Card
Capital One QuicksilverOne Cash Rewards Credit Card
Capital One QuicksilverOne Cash Rewards Credit Card
- 30.49% variable based on the Prime Rate Regular Purchase APR
- 30.49% variable based on the Prime Rate Balance Transfer APR
- 30.49% variable based on the Prime Rate Cash Advance APR
At a Glance
The Capital One QuicksilverOne Cash Rewards Credit Card streamlines the cash back earning process by offering card members 1.5% on every purchase, every day. Anyone with average credit who qualifies for this card can earn cash back on their purchases without limit or the need to sign up for categories, without said points expiring for the life of the account.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Earn unlimited 1.5% cash back on every purchase, every day
- Be automatically considered for a higher credit line in as little as 6 months
- Enjoy unlimited access to your credit score and tools to help you monitor your credit profile with CreditWise from Capital One®
- Rewards do't expire for the life of the account, and you can redeem cash back for any amount
- Regular Purchase APR: 30.49% variable based on the Prime Rate
- Balance Transfer APR: 30.49% variable based on 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: 30.49% variable based on the Prime Rate
- Cash Advance Transaction Fee: 3% of the amount of the cash advance, but not less than $3
- Annual Fee: $39
- Late Payment Penalty Fee: Up to $40
- You enjoy earning 1.5% cash back on all purchases
- You want a card with no limit or expiration date on cash back earnings
- You do not want to pay balance transfer fees
- You want to boost your credit with Capital One
Capital One QuicksilverOne Cash Rewards Credit Card Review
The Capital One QuicksilverOne Cash Rewards Card is an interesting unlimited cash back card that features a chance to increase your credit line but comes with a $39 annual fee.
No Welcome Offers but Unlimited 1.5% Back on Every Purchase
The QuicksilverOne is slightly different than the other “One” versions of credit cards from Capital One – namely the VentureOne and SavorOne Cards. Those cards are no annual fee offers that provide smaller rewards than their siblings but with a $0 annual fee to pay. The QuicksilverOne, however, is designed for those with fair to good credit. After all, the Quicksilver Card already boasts no annual fee.
So, what’s the major difference in rewards between the excellent credit and good credit versions of the Quicksilver Card, then? Well, not much beyond the annual fee – which is $39.
The QuicksilverOne earns the same rewards as the Quicksilver:
- Earn unlimited 1.5% cash back on every purchase, every day, plus
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
The only major difference is the presence of any welcome offers with the QuicksilverOne Card. Good credit applicants are not eligible for new cardmember bonus miles or 0% intro APR with QuicksilverOne.
Quicksilver Comparison
Here’s how the Quicksilver Cards compare:
| 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 | ||
Redeeming Cash Back Rewards
The Capital One QuicksilverOne Cash Rewards Credit Card lets holders enjoy cash back through a check or statement credit, gift cards, or to cover a previous purchase. Cash back earnings can be applied to previous purchases before the monthly card balance has been posted. This is incredibly handy for those trying to maintain their credit score and want to lower the total card balance reported to credit bureaus.
Automatic Credit Line Reviews
In addition to earning a healthy 1.5% cash back on all purchases, the Capital One QuicksilverOne Cash Rewards Credit Card also offers automatic consideration for credit line increases in as little as six months. This incentivized building of responsible behavior can go a long way toward helping cardholders create an even more prosperous financial future for themselves.
Cash Back for Fair/Good Credit Comparison
Here’s how the QuicksilverOne stacks up against the Upgrade Cash Rewards Visa, another popular card option:
| QuicksilverOne Cash Rewards | Upgrade Cash Rewards Visa® | |
|---|---|---|
| Rewards | $39 | $0 |
| Annual fee | Unlimited 1.5% cash back | Unlimited 1.5% cash back |
| Network | Mastercard | Visa |
Other Card Features
Other features of the Quicksilver Card include no foreign transaction fees, account alerts from Capital One’s virtual assistant, Eno, and Mastercard safety features and perks. Here are all the Mastercard protections and benefits:
Zero
Liability Protection
Mastercard
Global Services
ID Theft Protection
| Zero Liability Protection | Mastercard Global Services | ID Theft Protection |
Capital One Ratings
How is Capital One as 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 QuicksilverOne Cash Rewards Credit Card?
The Capital One QuicksilverOne Cash Rewards Credit Card is an excellent credit card for those that want impressive cash back rewards but have a less-than-stellar credit score. The card earns the same 1.5% cash back on every purchase as the Quicksilver Card, but with a higher APR. This cash back haul is on-par with the 1.5% back that comes with the Chase Freedom Unlimited or Citi® Double Cash Card – 18 month BT offer (but less than the up to 5% with the It Cash Back, Citi Custom Cash℠ Card, or Chase Freedom Flex).
The chance to increase the credit limit with five on-time payments is another great feature. With the CreditWise credit score tool, keeping up with payments is simple and straightforward. While the card does have an annual fee of $39, the chance to build credit, gain a higher credit limit, and eventually graduate to another Capital One Card, make the card a good choice for any consumer.
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