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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.
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$200
Welcome offer
Up to 1.5%
Cash back
$0
Annual fee
0%
Intro purchase APR
for the first 15 months (then 19.24% - 29.24% variable)
Details
| Annual fee | $0 |
|---|---|
| Welcome offer | $200 cash bonus after you spend $500 on purchases within 3 months from account opening |
| Rewards | Earn unlimited 1.5% cash back on every purchase, every day and 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply) |
| Purchase APR | 0% intro for the first 15 months (then 19.24% - 29.24% variable) |
| Balance transfer APR | 0% intro for the first 15 months (then 19.24% - 29.24% variable) 3% fee on the amounts transferred within the first 15 months |
| Minimum credit score | 670 |
| Issuer | Mastercard |
cta text | Apply now |
Review by
Kevin Joey Chen
kevin.chen@findercrew.comKevin Joey Chen was a credit cards, banking and investments writer for Finder. His work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com.
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 and 5% back on hotels or car rentals booked through Capital One Travel, 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 19.24% to 29.24% variable). You’ll also pay a 3% fee on balance transfers made during the intro period.
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. And the 5% back on hotels and car rentals through Capital One Travel is a new perk standardized across all of Capital One’s reward cards.
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 seven 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.
- Learn more about how to apply for Capital One Quicksilver Cash Rewards Credit Card.
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. Redeem your cash back as a statement credit towards previous purchases, gift cards and more. You can also earn 5% back on hotels and rental cards booked through Capital One Travel.
- 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 19.24% to 29.24% applies. You’ll also pay a 3% fee on balance transfers made during the intro period.
- 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. Capital One determines your credit line 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 four credit cards and hit Compare to see how other cashback credit cards on the market stack up side-by-side.
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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 wasn’t 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?
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. Visit capitalone.com or call their rewards center and choose between:
- A set time each calendar year.
- When you reach a specific threshold — $25, $50, $100 or $200.
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 cashback cards and find the one that meets all of your needs.
Capital One Quicksilver Cash Rewards Credit Card: What’s changed?
| 05/17/2022 | Added: Earn 5% back on hotels or car rentals booked through Capital One Travel. |
| 10/19/2021 | Added: 0% intro APR on balance transfers for 15 months; 3% balance transfer fee |
Compare Capital One Quicksilver Cash Rewards Credit Card with other cards
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