Capital One Quicksilver Cash Rewards Credit Card Review
Capital One Quicksilver Cash Rewards Credit Card — all information about the card.
By
Hanna Volkava
Updated April 23, 2024
Good Choose for Cash Back, No Annual Fee, Daily use
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Learn more
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Recommended credit score
Good to Excellent (670-799)
- Rewards Rate:
- 5% Cash Back on hotels and rental cars booked through Capital One Travel.
- 1.5% Cash Back on every purchase.
- Intro Offer:
- $200 Cash Bonus once you spend $500 on purchases within 3 months from account opening.
- Annual Fee:$0
- Purchase Intro APR:0% Introductory APR for the first 15 months that your account is open
- Regular APR:19.99% - 29.99% Variable
- Balance Transfer APR:19.99% - 29.99% Variable
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Capital One QuicksilverOne Cash Rewards Credit Card
$39
Annual Fee
29.99%
Regular APR
5%
Cash Back on hotels and rental cars booked through Capital One Travel.
Learn more
on our partner’s site
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Capital One Quicksilver Cash Rewards Credit Card Rewards Calculator
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All benefits
- Cash back
- 5% On hotels and rental cars booked through Capital One Travel.
- 1.5% On every purchase.
- Travel
- No Foreign Transaction Fees:
- You won’t pay a transaction fee when making a purchase outside of the United States.
- Travel Accident Insurance:
- Get automatic insurance for a covered loss at no extra charge when you use your credit card to purchase your fare.
- Complimentary Concierge Service:
- Enjoy comprehensive, personalized assistance in dining, entertainment and travel—24 hours a day, 365 days a year.
- 24-hour Travel Assistance Services:
- If your credit card is lost or stolen, you can get an emergency replacement card and a cash advance.
Rate and fee information
- Purchase Intro APR
- 0% Introductory APR for the first 15 months that your account is open
- Purchase APR
- 19.99% - 29.99% Variable
- Intro Balance Transfer APR
- 0% Introductory APR for the first 15 months that your account is open
- Balance Transfers APR
- 19.99% - 29.99% Variable
- APR for Cash Advances
- 29.99% Variable
- How to Avoid Paying Interest
- Your due date is at least 25 days after the close of each billing cycle. You will not be charged interest on new purchases, provided you have paid your previous balance in full by the due date each month. You will be charged interest on cash advances and transfers on the transaction date.
Fees
- Annual Fee
- $0
- Fees for Balance Transfer
- Introductory fee of 3% of the amount of each transferred balance that posts to your account during the first 15 months that your account is open. After that, 4% of the amount of each transferred balance that posts to your account. None for transferred balances at the Purchase APR after the first 15 months that your account has been open
- Fees for Cash Advances
- 5% of the amount of the cash advance, but not less than $5
- Late Payment
- Up to $40
Pros & Cons
Pros:
- No minimum redemption is required
- No annual fee
- No foreign transaction fees
- Intro APR period on Purchases
- Generous sign-up bonus
Cons:
- No bonus rewards categories
- Other cards offer longer intro APR periods and/or lower APR
- You need a good credit score to get this card
Features
- 0% Intro APR
- Low interest
- No Annual Fee
- No foreign transaction fees
- Cashback
- Payment Flexibility
- Fraud Protection
- Rewards
- Purchase Protection
- Extended Warranty Protection
- 24/7 Travel Assistant
- Good Credit
- Excellent Credit
About the issuer
Capital One has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your
Credit card issuer's website
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Capital One Quicksilver Cash Rewards Credit Card Review
With this no-annual-fee, cash-back credit card from Capital One®, you can get a solid sign-up bonus ($200 once you spend $500 on purchases within 3 months from account opening) and earn 5% Cash Back on hotels and rental cars booked through Capital One Travel, and 1.5% cash-back on every purchase.
The Capital One Quicksilver CashRewards Credit Card is a good choice for people who enjoy the simplicity of a flat cash-back rate without rotating reward categories. Besides, Quicksilver doesn’t have a minimum redemption amount, which means you can redeem your credit card points for any amount at any time.
Capital One Quicksilver Cash Rewards Credit Card: rates and fees
Here’s everything you need to know about the credit card’s rates and fees at a glance:
| Rates and Fees | Description |
|---|---|
| Annual Percentage Rate (APR) | The Capital One Quicksilver Cash Rewards Credit Card comes with a 0% introductory APR for the first 15 months from the date of account opening. After the intro period expires, your ongoing APR will be set between 19.99% - 29.99% Variable based on the prime rate and your credit history. |
| APR and Fees for Balance Transfers | Introductory fee of 3% of the amount of each transferred balance that posts to your account during the first 15 months that your account is open. After that, 4% of the amount of each transferred balance that posts to your account. None for transferred balances at the Purchase APR after the first 15 months that your account has been open. |
| APR for Cash Advances | The fee for cash advances with the Quicksilver card is either $3 or 3% of the amount of the cash advance, whichever amount is greater. Also, interest on cash advances starts accruing with a 29.99% variable APR from the day you withdraw the money. |
| Annual Fee | $0 |
| How to Avoid Paying Interest on Purchases? | If you pay your previous balance in full by the due date – within 25 days after your billing cycle ends – Capital One® will not charge you interest on new purchases. |
| Minimum Interest Charge | If you have a balance of less than $25, your minimum payment will be the same as your balance. If your balance is more than $25, your minimum payment will be $25 or 1% of your balance, whichever is greater, plus late payment fees, new interest, and any past due amount. |
Capital One Quicksilver Cash Rewards Credit Card: pros and cons
| Pros: | Cons: |
|---|---|
| No minimum redemption is required. With the Capital One Quicksilver Cash Rewards Credit Card, you can earn 1.5% cash-back on every purchase and can cash out any amount at any time. Other credit cards require you to earn at least $25 or even $50 before you can redeem your cash-back rewards. | No bonus rewards categories. Unlike other cash-back credit cards, the Quicksilver card doesn’t let you choose bonus rewards categories such as gas, groceries, dining, entertainment, and others. Instead, this card offers cash-back on all purchases. For example, if you’re someone who spends a lot of money at restaurants, you would benefit from earning 3% or 4% cash-back on dining. The Quicksilver card, on the other hand, offers you to earn unlimited 1.5% cash-back on all purchases. |
| No annual fee. While some credit card issuers charge up to $100 every year, the Capital One Quicksilver Cash Rewards Credit Card has no annual fee. | Other cards offer longer intro APR periods and/or lower APR. Some other cards come with a 0% introductory APR for the first 18 months and lower APR. |
| No foreign transaction fees. You will not have to pay a foreign transaction fee when making purchases with this card outside of the U.S. | You need a good credit score to get this card. You need a credit score of at least 670 or even 690 to get approved for the Quicksilver card. |
| Intro APR period on purchases. The card offers a 0% intro APR period on purchases for the first 15 months from account opening (19.99% - 29.99% Variable after that). | |
| Generous sign-up bonus. Capital One® gives you a sign-up bonus up to $200. You get the bonus if you spend at least $500 within the first three months after opening the account. |
Rewards system in a nutshell
Unlike many other cash-back credit cards with rotating quarterly bonus categories, the Capital One Quicksilver Cash Rewards Credit Card earns 5% Cash Back on hotels and rental cars booked through Capital One Travel, and 1.5% cash-back on all purchases.
In addition, the Quicksilver card doesn’t have a minimum redemption amount, which means you can cash out any amount in rewards at any time. By contrast, some other credit cards require that cardholders have earned at least $25 or more to redeem cash-back rewards.
Also, rewards won’t expire for the life of the account. The Quicksilver card offers several options to redeem your cash-back rewards:
- Redeem for cash. You can request a check or apply your cash-back rewards as a statement credit.
- PayPal Pay with rewards. You can also add your CapitalOne® card to your PayPal account to redeem your rewards when shopping online.
- Get a gift card. The fourth option is to spend your cash-back on gift cards.
Who can benefit from getting the Capital One Quicksilver Cash Rewards Credit Card?
If you prefer to use one credit card for everything and don’t want to juggle several cards to earn cash-back rewards or track bonus categories, the Quicksilver is ideal for you.
Also, the Quicksilver card is an excellent option if you need to make a large purchase that would take you several months (or even a year) to pay off. This credit card offers an introductory APR of 0% on purchases for the first 15 months after opening an account (19.99% - 29.99% Variable after that).
Are there any other benefits?
Yes, and there are quite a few of them:
- $0 fraud liability. If your Quicksilver card is lost or stolen, you will not be held responsible for any unauthorized transactions.
- 24-hour travel assistance services. If you lose your credit card while traveling, you will be entitled to an emergency replacement in addition to a cash advance.
- Car rental damage or theft coverage. You may obtain coverage for rental car damage as a result of accidents or theft. The coverage is secondary, which means it would only cover the damages not covered by the primary insurance policy.
- Travel accident insurance. Capital One® offers cardholders up to $250,000 in travel accident insurance to cover damages and losses associated with accidental death or dismemberment while on a trip purchased with the Quicksilver card.
- Get access to CreditWise. You can get access to Capital One’s CreditWise services to get alerts if your TransUnion or Experian credit reports change.
- Virtual card numbers. This feature is a convenient way to pay for purchases online without giving vendors your actual card number. As a result, online shopping is faster and more secure.
- Extended warranty. You are entitled to an extra 12 months of warranty on certain items purchased with the Quicksilver card. The extended warranty is available for warranties of up to three years.
- Access to VIP experiences. With the Quicksilver card, you have VIP access to exclusive dining, sports, and music events.
- 24/7 customer service. Capital One’s customer service is available 24 hours a day to help you get the answers you need.
Conclusion
The Capital One Quicksilver Cash Rewards Credit Card is an excellent choice for those looking for a credit card that comes with a flat cash-back rate on every purchase and allows them to redeem rewards for any amount, any time.
Overall, the Quicksilver card’s benefits and perks make it stand out from most other cash-back credit cards.
FAQ
Can I get the Capital One Quicksilver Cash Rewards Credit Card with a bad credit history?
It depends on what you mean by “bad credit history.” You can get the Quicksilver card with a good to excellent credit score, which is at least 670. The lower the credit score, the lower your chances of getting approved.
Is there an annual fee for the Capital One Quicksilver Cash Rewards Credit Card?
The Quicksilver card does not charge an annual fee.
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply
Capital One Spark Cash Plus
Recommended credit score
Excellent (740-799)
- $150Annual Fee
- None *Regular APR
- 5%Cash Back on hotels and rental cars booked through Capital One Travel.
- None *Purchase Intro APR
Learn more
on our partner’s site