Capital One Quicksilver Rewards credit card review | finder.com

Quicksilver® from Capital One® review – March 2019

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Quicksilver® from Capital One®

A classic rewards card offering unlimited cash back on purchases with no annual fee.

finder.com’s rating: 4.2 / 5.0

★★★★★

30-second take

  • Get this card if you’re looking for a cashback card that comes with no annual fees.
  • Pick something else if you’re looking for a higher cash back on specific categories.
  • Apply with a good to excellent credit score of 670 or higher.
Product NameQuicksilver® from Capital One®
Card TypeVisa
Annual Fee$0
APR (Annual Percentage Rate) for Purchases16.24%, 22.24% or 26.24% variable
Introductory Purchase APR0% for the first 15 months (then 16.24%, 22.24% or 26.24% variable)
Balance Transfer APR16.24%, 22.24% or 26.24% variable
Intro Balance Transfer APR 0% for the first 15 months (then 16.24%, 22.24% or 26.24% variable)
Balance Transfer Fee3%
Cash Advance Rate26.24% variable
Foreign Transaction FeeNone
Cash Advance Fee$10 or 3% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $38
Minimum Age18 years of age
Welcome OfferEarn $150 cash back after spending $500 on purchases in the first 3 months from account opening
RewardsEarn 1.5% cash back on all purchases
Base Rewards1.5% cash back
Rewards Points ExpiryNever

Survey data on Amex EveryDay® Credit Card

What credit score did you have when you were approved for this credit card?

survey question 2
Based on a survey of 31 people on finder.com
Answer choicesResponses
740-85035.48%
670-73951.61%
580-66912.90%
300-5790.00%

What interests you most about this credit card?

survey question 3
Based on a survey of 67 people on finder.com
Answer choicesResponses
Rewards29.85%
Welcome bonus8.96%
Features and benefits34.33%
APR26.87%

The Basics

The Quicksilver® from Capital One® is a cashback card with a flat reward rate on all purchases and with no annual fee. In addition, you get a signup bonus that’s easy to earn, and a long intro APR period for balance transfers and purchases.

An alternative 1.5% cash back card

Chase Freedom Unlimited®

  • 0% intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 bonus after you spend $500 on purchases in your first 3 months from account opening
  • No minimum to redeem for cash back
  • Cash back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Read less
Read more
Promoted

Why are there two types of Quicksilver® visa cards?

  • If you’re approved for a credit line higher than $5,000 — you’ll get a Visa Signature®.
  • If your approved credit line is lower than $5,000 — you’ll get a Visa Platinum.

The perks

  • Signup bonus.

    Earn a $150 bonus after spending $500 on purchases in the first 3 months after account opening. This is an easy bonus to get compared to other cards.

  • Cash back.

    Get unlimited 1.5% cash back on all purchases. You can also redeem your cash back as a statement credit towards previous purchases, gift cards and more.

  • Intro APR period.

    Get a 0% intro APR period on balance transfers and purchases for 15 months following your account opening. After that, a variable APR of 16.24%, 22.24% or 26.24% applies. This could be useful if you want to transfer your balance from another account with a high APR.

Compare the Platinum Credit Card from Capital One® and Quicksilver® from Capital One®

How much cashback rewards can I earn with the Quicksilver® from Capital One®?

You earn a flat rate across all categories with this card, which makes calculating your potential rewards fairly simple. Here’s a potential yearly budget:

Where you spend: The amount you spend: Cash back earned:
Dining $2,000 $30
Gas $2,000 $30
Groceries $3,000 $45
Everything else $6,000 $90
Total $13,000 $195

For annual spending similar to our example, you would earn $195 annually with this card. And once you clear the signup bonus, your cash back for the first year would be $345.

You’ll also like …

  • No annual fee.

    You don’t need to pay anything to own the card.

  • No foreign transaction fees.

    Use your card freely when you travel and you won’t incur any fees. Other cards have up to 3% foreign transaction fees.

  • Fraud liability protection.

    Get $0 fraud liability if your card is lost or stolen.

  • Travel and car rental insurance.

    Your rental car is covered against theft or damage when you pay the entire car rental with your card. And with travel insurance you’re insured against accidental death and dismemberment.

What to watch out for

  • Credit line.

    Your credit line is determined by Capital One based on multiple factors. But the minimum credit line you can receive is $1,000.

  • Don’t pay late.

    You’ll pay fees up to $38 for late payments. However, there’s no penalty APR. Other cards have a penalty APR of up to 31% if you make a single late payment.

Compare similar cashback credit cards

Name Product Filter values Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
$0
17.24% to 25.99% variable
0% for the first 15 months (then 17.24% to 25.99% variable)
0% intro APR for 15 months from account opening on purchases and balance transfers.
$0
16.24% to 25.74% variable
0% for the first 12 billing cycles (then 16.24% to 25.74% variable)
When you spend $500 on your card within the first 90 days, you’ll receive a $150 cash back bonus.
$0
17.24% to 25.99% variable
0% for the first 15 months (then 17.24% to 25.99% variable)
0% intro APR for 15 months from account opening on purchases and balance transfers.
$95
15.24% to 26.24% variable
0% for the first 12 months (then 15.24% to 26.24% variable)
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$0
15.24% to 26.24% variable
0% for the first 15 months (then 15.24% to 26.24% variable)
Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Rates & Fees
$0
15.24% to 26.24% variable
0% for the first 15 months (then 15.24% to 26.24% variable)
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$0
15.24%, 19.24% or 25.24% variable
0% for the first 15 months (then 15.24%, 19.24% or 25.24% variable)
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
$0
11.99% to 17.99% variable
0% for the first 12 months (then 11.99% to 17.99% variable)
2% cash back for all PenFed Honors Advantage members and 1.5% cash back on all purchases made with your card.
$0 to $99
20.24% to 26.24% variable

N/A

Get 1% cash back rewards on eligible purchases.

Compare up to 4 providers

How does a balance transfer work with this card?

You get a promotional 0% intro APR period for balance transfers for 15 months following your account opening. After that, a variable APR of 16.24%, 22.24% or 26.24% applies.

If you make balance transfers during the promotional period, you’ll pay a 3% fee for each transfer. This means a $1,000 balance transfer costs $30 in fees. For transfers made after your intro period, you’ll pay no fees.

You can request balance transfers 10 days after you open your account, but know that not all accounts are eligible for balance transfers. Also, Capital One doesn’t permit balance transfers between Capital One accounts.

What to know before you apply

To apply for this card, you must be at least 18 years old and a US resident. You also need to provide personal details, such as:

  • Full name and contact information.
  • Social Security number and date of birth.
  • Employment and financial information.

What credit score do I need?

To increase your chances of approval, get a lower APR and a higher credit line, apply with a good to excellent credit score of 670 or higher. Capital One also takes into account factors that affect your credit score, such as credit utilization and history.

Quicksilver® from Capital One® vs American Express Cash Magnet® Card

What do customers say about the Quicksilver® from Capital One®?

Most customer complaints revolve around their credit limit. Some claim that they received a low credit line and never got an increase despite paying on time. Others claim that Capital One lowered their credit line without any reason or explanation.

However, this was not the case with all customers. Others are happy with the card, the credit line they got and love the unlimited cash back.

The Better Business Bureau accredited Capital One in 1995 and rates it with an A+. Based on this rating and 188 customer reviews, at the time of writing, Capital One got a composite score of 1.5 out of 5.

Quicksilver® from Capital One® vs Blue Cash Preferred® Card from American Express

How to apply for the Quicksilver® from Capital One®

  1. Go to Capital One’s site and select the Quicksilver® from Capital One® from the list of cash back cards, then click Apply now.
  2. Complete the online application with your details.
  3. Review your application and submit it.

How long will it take to get my Quicksilver® from Capital One®?

If you apply by phone or online, you’ll typically get a response in less than a minute. In some cases, Capital One requires additional information to make a decision. You’ll be notified in writing in 7 to 10 days of your application.

Once approved, you’ll receive your Capital One card, credit limit information and welcome materials by mail in seven to 10 business days.

I got the card, now what?

  • Download Capital One® Mobile app. Use your app to pay bills or send money to friends and family. You can also monitor your card activity and you can redeem rewards.
  • Pay on time. Your due date is a minimum of 25 days after the close of each billing cycle. Try to make your payments by then to avoid paying late fees.
  • Customer service. For any questions, call 800-227-4825 and Capital One’s customer service will help you out.

How do I redeem rewards from Quicksilver® from Capital One®?

Request your Quicksilver® from Capital One® cash back and get it in the form of a:

  • Statement credit
  • Check
  • Credit for previous purchases
  • Gift card

You can also set up automatic redemption preference. Just visit capitalone.com or call their rewards center and choose between:

  • A set time each calendar year
  • When a specific threshold — $25, $50, $100 or $200 — is reached

If you decide not to set this up, your cash back is available upon request.

Bottom line

If you’re looking for a hassle-free rewards credit card without an annual fee, the Quicksilver® from Capital One® could be the right card for you.

It’s not the only card on the market though, check out other cash back cards and find the one that meets all of your needs.

Frequently asked questions

Cashback card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our team evaluates credit cards to determine their value against similar cards on the market.

We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.

Learn the details of our methodology and scoring.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site