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.
finder.com’s rating: 4.2 / 5.0
Up to 1.5%
Intro Purchase APR
for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
|Product Name||Capital One® Quicksilver® Cash Rewards Credit Card|
|Purchase APR||0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)|
|Balance transfer APR||0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)|
|Balance transfer fee||3%|
|Cash advance rate||25.74% variable|
|Cash advance fee||$10 or 3% of the cash advance amount, whichever is greater|
|Foreign transaction fee||None|
|Interest free period||Up to 25 days|
|Late payment fee||Up to $39|
|Rates & fees||rates & fees|
The Capital One® Quicksilver® Cash Rewards Credit Card 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.
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.
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.
Get a 0% intro APR period on balance transfers and purchases for 15 months following your account opening. After that, a variable APR of 15.74%, 21.74% or 25.74% applies. This could be useful if you want to transfer your balance from another account with a high APR.
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:|
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 don’t need to pay anything to own the card.
Use your card freely when you travel and you won’t incur any fees. Other cards have up to 3% foreign transaction fees.
Get $0 fraud liability if your card is lost or stolen.
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.
|Features and benefits||32.43%|
Your credit line is determined by Capital One based on multiple factors. But the minimum credit line you can receive is $1,000.
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.
You get a promotional 0% intro APR period for balance transfers for 15 months following your account opening. After that, a variable APR of 15.74%, 21.74% or 25.74% 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:
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.
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.
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.
Request your Capital One® Quicksilver® Cash Rewards Credit Card cash back and get it in the form of a:
You can also set up automatic redemption preference. Just visit capitalone.com or call their rewards center and choose between:
If you decide not to set this up, your cash back is available upon request.
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.
★★★★★ — 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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