Capital One Quicksilver Rewards credit card review | finder.com

Capital One® Quicksilver® Cash Rewards Credit Card review

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

finder.com’s rating: 4.2 / 5.0

★★★★★

  • 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.
Product NameCapital One® Quicksilver® Cash Rewards Credit Card
Card typeVisa
Annual fee$0
Purchase APR0% intro for the first 15 months (then 16.24%, 22.24% or 26.24% variable)
Balance transfer APR0% intro for the first 15 months (then 16.24%, 22.24% or 26.24% variable)
Balance transfer fee3%
Cash advance rate26.24% variable
Cash advance fee$10 or 3% of the cash advance amount, whichever is greater
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $39
Rates & feesrates & fees
Minimum Age18 years of age
Welcome Offer$150 cash back after spending $500 in the first 3 months
Rewards1.5% cash back on all purchases
Base Rewards1.5% cash back
Rewards Points ExpiryNever

The Basics

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.

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.

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 16.24%, 22.24% or 26.24% applies. This could be useful if you want to transfer your balance from another account with a high APR.

Compare the Capital One® Platinum Credit Card and Capital One® Quicksilver® Cash Rewards Credit Card

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 Amex EveryDay® Credit Card

What credit score did you have when you were approved for this credit card?

survey question 2
Based on a survey of 34 people on finder.com
Answer choicesResponses
740-85038.24%
670-73947.06%
580-66911.76%
300-5792.94%

What interests you most about this credit card?

survey question 3
Based on a survey of 74 people on finder.com
Answer choicesResponses
Rewards33.78%
Welcome bonus8.11%
Features and benefits32.43%
APR25.68%

Case study: Roslyn’s experience

profile pic

Roslyn McKenna
Assistant Publisher

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.

Compare similar cashback credit cards

Name Product Filter values Rewards Purchase APR Annual fee
1.5% cash back on all purchases
0% intro for the first 15 months (then 16.24%, 22.24% or 26.24% variable)
$0
Earn unlimited 1.5% cash back on every purchase, every day.
3% cash back on up to $10,000 in the first 12 months, then 1.5% on all purchases
0% intro for the first 12 months (then 15.24%, 19.24% or 25.24% variable)
$0
Earn 3% cash back on up to $10,000 in the first 12 months, then 1.5% on all purchases. See Rates and Fees.
5% on up to $2,000 each activated quarter on two categories combined (1% after), 2% on one everyday category and 1% on all other purchases
15.99% to 25.49% variable
$0
When you spend $500 on your card within the first 90 days, you’ll receive a $150 cash back bonus. Rates & Fees
4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
16.74%, 22.24% or 25.74% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn $250 after spending $1,000 in the first 3 months.
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 all other purchases
0% intro for the first 12 months (then 14.99% to 25.99% variable)
$95
Earn $250 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & fees

Compare up to 4 providers

How does a balance transfer work with this card?

You get a promotional 0% intro APR period for balance transfers for 15 months following your account opening. After that, a variable APR of 16.24%, 22.24% or 26.24% 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.

Compare Capital One balance transfer cards

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.

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.

Capital One® Quicksilver® Cash Rewards Credit Card vs American Express Cash Magnet® Card

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.

Capital One® Quicksilver® Cash Rewards Credit Card vs Blue Cash Preferred® Card from American Express

How to apply for the Capital One® Quicksilver® Cash Rewards Credit Card

  1. 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

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.

Learn the details of our methodology and scoring.

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