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Capital One® Quicksilver® Cash Rewards Credit Card review
Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order and expertly navigate the cutting-edge financial tools available -- including credit cards, apps and budgeting software.
Expert Review
Review by
Kevin Joey Chen
A rather traditional cash back offering, the Capital One® Quicksilver® Cash Rewards Credit Card offers a flat reward rate on all purchases. You’ll enjoy 1.5x back on all purchases, a $150 signup bonus, $0 annual fee and a 0% intro APR on balance transfers and purchases for 15 months.
While this card is relatively no-frills, you will find a few additional perks to enjoy: no foreign transaction fees, fraud liability protection and travel and car rental insurance.
If you’re looking for a simple, pay-and-forget way to earn cash back on purchases, the Capital One® Quicksilver® Cash Rewards Credit Card could be right up your alley. If you’re looking for more flexibility or perks however, you might want to check out your other options.
Expert review
A rather traditional cash back offering, the Capital One® Quicksilver® Cash Rewards Credit Card offers a flat reward rate on all purchases. You’ll enjoy 1.5x back on all purchases, a $150 signup bonus, $0 annual fee and a 0% intro APR on balance transfers and purchases for 15 months.
While this card is relatively no-frills, you will find a few additional perks to enjoy: no foreign transaction fees, fraud liability protection and travel and car rental insurance.
If you’re looking for a simple, pay-and-forget way to earn cash back on purchases, the Capital One® Quicksilver® Cash Rewards Credit Card could be right up your alley. If you’re looking for more flexibility or perks however, you might want to check out your other options.
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 15.49%, 21.49% or 25.49% applies. This could be useful if you want to transfer your balance from another account with a high APR.
How much cashback rewards can I earn with the Capital One® Quicksilver® Cash Rewards Credit Card?
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.
Survey data on Capital One® Quicksilver® Cash Rewards Credit Card
What credit score did you have when you were approved for this credit card?
The Capital One® Quicksilver® Cash Rewards Credit Card is the only credit card I use. It’s gotten me through a few hangups when I needed cash after moving or traveling in Japan. This card has never been rejected, frozen or stolen, and I get cash back for every purchase. Also…
I get a flat cash back rate. I’m earning 1.5% cashback on every purchase at the time of writing. I don’t have to worry about whether I get more cash back for gas or restaurants since it’s the same amount for any purchase.
I can use it anywhere in the world. There are no foreign transaction fees, and I’ve been able to use it for everyday purchases and cash advances on international trips. There’s no annual fee. I have a backup card from 1st Financial Bank. I have to call every year to waive the ~$30 annual fee, which is annoying.
Online banking is convenient. Capital One has one of the most user-friendly online platforms to use to check your account. I also like that I get emails when there’s a suspected fraud, but my account’s not frozen.
Customer support is helpful. I’ve never had an issue that customer service couldn’t resolve.
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 $39 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.
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.
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Compare Capital One® Quicksilver® Cash Rewards Credit Card with other cards
You get a promotional 0% intro APR period for balance transfers for 15 months following your account opening. After that, a variable APR of 15.49%, 21.49% or 25.49% 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.
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.
What do customers say about the Capital One® Quicksilver® Cash Rewards Credit Card?
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.
How to apply for the Capital One® Quicksilver® Cash Rewards Credit Card
Learn more about how to apply for the Capital One® Quicksilver® Cash Rewards Credit Card.
How long will it take to get my Capital One® Quicksilver® Cash Rewards Credit Card?
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 Capital One® Quicksilver® Cash Rewards Credit Card?
Request your Capital One® Quicksilver® Cash Rewards Credit Card 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 Capital One® Quicksilver® Cash Rewards Credit Card 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
Yes, earn $150 bonus after spending $500 on purchases in the first 3 months.
No. The card has a $0 annual fee.
Yes, you can set up monthly payments that are automatically deducted from your account on your statement due date each month.
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.
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