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Capital One Quicksilver Cash Rewards Credit Card review

The entry-level Quicksilver offers a 1.5% unlimited cashback card with no annual fee.

finder.com’s rating: 4.2 / 5

★★★★★

  • 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.

Earn unlimited 1.5% cash back on every purchase, every day

Rewards

$0

Annual fee

0% intro for the first 15 months (then 14.99% to 24.99% variable)

Purchase APR

670

Minimum Credit Score

Details

Annual fee$0
Welcome offerOne-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
RewardsEarn unlimited 1.5% cash back on every purchase, every day
Purchase APR0% intro for the first 15 months (then 14.99% to 24.99% variable)
Balance transfer APR0% intro for the first 15 months (then 14.99% to 24.99% variable)
Minimum Credit Score670
IssuerMastercard
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Review by


Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order by expertly navigating cutting-edge financial tools — including credit cards, apps and budgeting software.

Expert review

A straightforward cash back offering, the Capital One Quicksilver Cash Rewards Credit Card offers a flat 1.5% reward rate on all purchases. You’ll enjoy 1.5% back on all purchases, a $200 signup bonus (after spending $500 on purchases in the first 3 months), $0 annual fee and a 0% intro APR on purchases and balance transfers for 15 months (then 14.99% to 24.99% variable).

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.

Former Finder Insurance Publisher Roslyn McKenna, who owns the card, says she likes that she can use the card anywhere in the world without worrying about foreign transaction fees. She enjoys the convenience of having a flat cashback rate because it means she doesn’t have to worry whether she gets more cash back for gas or restaurants as it’s the same amount for any purchase. She also notes that Capital One’s customer support has been helpful and that the provider has one of the most user-friendly online banking platforms. “ I like that I get emails when there’s a suspected fraud, but my account’s not frozen,” she says.

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.

How to apply for the 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 7 to 10 business days.

  1. Select Apply now.

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.

Capital One Quicksilver Cash Rewards Credit Card benefits

  • Signup bonus. Earn a $200 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 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 purchases and balance transfers for 15 months following your account opening. After that, a variable APR of 14.99% to 24.99% applies.
  • 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.
  • MasterRental® Coverage. Your rental car may be covered against theft or damage when you pay the entire car rental with your card.

Capital One Quicksilver Cash Rewards Credit Card drawbacks

  • 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 $40 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

If the Capital One Quicksilver Cash Rewards Credit Card doesn’t suit your fancy, choose up to 4 credit cards and click Compare to see how other cashback credit cards on the market stack up side-by-side.

Name Product Filter values Rewards Purchase APR Annual fee
Blue Cash Preferred® Card from American Express
6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on other purchases (redeem as statement credit)
0% intro for the first 12 months (then 13.99% to 23.99% variable)
$0 intro annual fee for the first year ($95 thereafter)
Earn a $300 statement credit after you spend $3,000 in purchases on your new card within the first 6 months. Having 6 months to earn a welcome offer is a rare benefit as most cards give you only 3. Terms apply, see rates & fees
Capital One Quicksilver Cash Rewards Credit Card
Earn unlimited 1.5% cash back on every purchase, every day
0% intro for the first 15 months (then 14.99% to 24.99% variable)
$0
One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
Blue Cash Everyday® Card from American Express
3% at US supermarkets on up to $6,000 per year (then 1%), 2% at US gas stations and select US department stores and 1% on other purchases (redeem as statement credit)
0% intro for the first 15 months (then 13.99% to 23.99% variable)
$0
Earn a $200 statement credit after spending $2,000 in the first 6 months. This is a higher-than-average welcome offer for a card with no annual fee. Terms apply, see rates & fees
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Compare up to 4 providers

Capital One Quicksilver Cash Rewards Credit Card reviews and complaints

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 has accredited Capital One with a rating of A as of October 2021. However, it sports a 1.13 out of 5 when it comes to a customer rating from an average of nearly 500 reviews. It fares little better on Trustpilot, earning a 1.3 rating out of 5 as of October 2021.

How much cashback rewards can I earn?

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.

How do I redeem rewards?

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 preferences. 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. Learn more about how to earn and redeem with your Capital One card using our guide.

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.

If you’re looking for a card with a bit more to offer in the way of perks and features, check out other cash back cards and find the one that meets all of your needs.

Capital One Quicksilver Cash Rewards Credit Card: What’s changed?

10/19/2021Added: 0% intro APR on balance transfers for 15 months; 3% balance transfer fee

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