Is the Capital One Quicksilver Rewards credit card worth it?

Review: Capital One Quicksilver® Rewards Credit Card – June 2018

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A classic rewards card offering unlimited 1.5% cash back on purchases with no annual fee.

  • Get this card if… you’re looking for a rewards card that comes with no annual or foreign transaction fees.
  • Pick something else if…you’re looking for a more solid rewards or cashback program.
  • Recommends credit range to apply: 690–850
Product NameQuicksilver® from Capital One®
Intro APR for Balance Transfer0% Intro APR for 9 months (with 3% balance transfer fee)
Balance Transfer Rate (not intro)14.24%, 19.24% or 24.24% variable
APR for Purchases ( Purchase Rate )14.24%, 19.24% or 24.24% variable
Annual fee$0
Cash Advance Rate24.24% variable
Card TypeVisa
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 25 days
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Minimum Credit ScoreFair (660-699)
Minimum Age18 years of age
Annual fee$0
Late Payment Fee$35
Cash Advance Fee$10 or 3% of the amount of each cash advance, whichever is greater

The Basics

If you’re looking for a classic rewards card, Capital One’s Quicksilver Rewards card could be for you. It’s main reward is a flat 1.5% cash back on all purchases. Signup bonuses include a one-time $100 when you spend $500 in the first three months. And it all comes with no annual fee.

The Perks

  • Signup bonus. Get a one-time $100 cash bonus when you spend $500 in the first three months after approval.
  • Cash back rewards. Earn 1.5% on all purchases.
  • No annual fee. Ever.
  • No foreign transaction fees. Pay nothing extra on overseas purchases.
  • Secure and protected. Get zero-fraud liability and security alerts by email and text.

What to watch out for

  • Good to excellent credit recommended. If your credit score is under 690, you may need to look elsewhere.
  • Possible high foreign exchange rates. You’ll pay a higher exchange rate than the daily mid-market rate on your overseas purchases.
  • You could find better bonuses elsewhere. Other cards could offer higher cash back percentages.
  • Other banks offer higher cashback percentage bonuses on purchases, if you do a little bit of research.

Compare other Capital One credit cards

Rates last updated June 19th, 2018
Name Product APR for Purchases ( Purchase Rate ) Intro APR for Balance Transfer Annual fee Product Description
Spark® Classic for Business
24.49% variable
$0
Get the credit you want for your business, and unlimited 1% cash back on every purchase, every day
Spark® Miles Select for Business
14.49%, 18.49% or 22.49% variable
$0
Unlimited 1.5X miles per dollar on every purchase, every day
Spark® Miles for Business
18.49% variable
$0 annual fee for the first year ($95 thereafter)
Unlimited 2X miles per dollar on every purchase, every day
Spark® Cash Select for Business
14.49%, 18.49% or 22.49% variable
$0
Unlimited 1.5% cash back on every purchase, every day.
Spark® Cash for Business
18.49% variable
$0 annual fee for the first year ($95 thereafter)
Unlimited 2% cash back from Spark Cash could mean thousands of dollars each year going back into your business. No minimum to redeem.
QuicksilverOne® Rewards
24.73% variable
$39
Get unlimited 1.5% cash back on every purchase with no limit on how much you can earn, and no changing categories.
Platinum Credit Card from Capital One®
24.73% variable
$0
Enjoy no annual fee, plus access to valuable benefits.
Secured Mastercard® from Capital One®
24.99% variable
$0
Take control and build your credit with responsible use.
Capital One® Premier Dining Rewards Credit Card
15.74%, 20.74% or 24.49% variable
0% Intro APR for 9 months
$0
Earn unlimited 3% cash back on dining, 2% on groceries and 1% on all other purchases.
Quicksilver® from Capital One®
14.24%, 19.24% or 24.24% variable
0% Intro APR for 9 months (with 3% balance transfer fee)
$0
Earn unlimited 1.5% cash back on every purchase, every day
Venture® from Capital One®
14.24%, 19.24% or 24.24% variable
$$0 intro for the first year, $95 after
Earn 50000 bonus miles once after spending $3,000 on purchases within the first 3 months from account opening.

Compare up to 4 providers

What to know before you apply

Always consider your options and your financial situation before you apply for a credit card.

To apply for the Capital One Quicksilver Rewards Credit Card, you’ll need to submit personal and financial information that includes your:

  • Full name
  • Physical mailing address (PO boxes are not accepted)
  • Social Security number and date of birth
  • Estimated gross annual income
  • Checking or savings account information

How to apply for the Capital One Quicksilver Rewards Credit Card

  • Go to Capital One’s website and select Quicksilver from Cash Back Rewards.
  • Complete and submit the online application for the Quicksilver Rewards Credit Card.
  • Capital One will notify you in writing of its decision in 7 to 10 days after applying.

I got the card, now what?

  • Stay on top of your account. Access your account online, where you can view your transactions and pay your bills. You can also visit your local branch or get assistance over the phone.
  • Set up automatic payments. Avoid interest by making payments on time. Your due date will be a minimum of 25 days after the close of each billing cycle.
  • Customer service. Help is available for existing customers by email or at 1-800-227-4825.

Bottom line

If you’re looking for a hassle-free rewards credit card without an annual fee, the Capital One Quicksilver Rewards Credit Card could be for you. If your credit score isn’t quite within the recommended range, look into other cards available in Capital One’s suite of cards.

Frequently asked questions

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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