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Capital One® Quicksilver® Cash Rewards Credit Card Review – 1.5% Cash Back

Capital One® Quicksilver® Cash Rewards Credit Card Review – 1.5% Cash Back

Learn more about this card and find out how you can apply here.

The Capital One® Quicksilver® Cash Rewards Credit Card is a popular cash back credit card that pays a flat, unlimited 1.5% cash back rate on all purchases and doesn’t charge an annual fee. Like many fellow cash back cards, it boasts a nice early spend bonus, a special introductory APR promotion for purchases and balance transfers, and some other user-friendly perks.

The Quicksilver Cash Rewards Card is comparable to a number of other cash back cards, most of which also lack annual fees. Popular alternatives include members of the Discover it family, Chase FreedomCiti Double CashBankAmericard Cash Rewards, and American Express Blue Cash Everyday. Quicksilver is very similar to its Capital One cash back stablemate, Capital One QuicksilverOne Cash Rewards, which is easier to qualify for and offers similar cash back benefits, but comes with a $39 annual fee and higher interest rates.

When you spend at least $500 within 3 months of opening your account, you get a $150 cash bonus.

The Capital One Quicksilver card earns an unlimited 1.5% cash back on all purchases, with no caps, restrictions, or tiered spending categories. You can manually redeem accumulated rewards in any amount for statement credits, gift cards, or paper checks. You can also schedule automatic redemptions that are triggered when you pass a specified cash back increment: $25, $50, $100, or $200.

Capital One Quicksilver has a 0% introductory APR for purchases and balance transfers for 15 months. Qualifying transfers can be made at any time during the introductory window. However, Capital One doesn’t allow balance transfers from any other Capital One accounts, including merchant-branded cards (such as Kohl’s and GM) issued by Capital One.

There is no annual fee or foreign transaction fee associated with this card. Balance transfers cost a flat 3% of the transferred amount, while cash advances cost the greater of $10 or 3%. The late payment fee is $35.

You get free access to Capital One CreditWise, a useful collection of tools and content to help you build and stay on top of your personal credit. It includes a free credit score accessible in your account dashboard and visible on your monthly statement.

As a Capital One Quicksilver cardholder, you’re entitled to a number of general fringe benefits: 24/7 concierge service and travel booking assistance, 24/7 emergency card replacement for lost or compromised cards, and VIP/priority access to events such as sporting contests and special golf outings.

This card requires good to excellent credit. Minor credit blemishes aren’t likely to be disqualifying, but major issues can cause problems.

The Capital One® Quicksilver® Cash Rewards Credit Card belongs to a newer generation of cash back cards that emphasize simplicity, consistency, and accessibility. Think of it as a response or reaction to cards like Chase Freedom and Discover it – both great options that now seem a bit dated and quaint due to their continued reliance on rotating spending categories and other gimmicks. That’s not to say that the Chase and Discover cards have no place in your wallet – just that the cash back tide seems to be ebbing away from them and toward cards like Quicksilver.

Learn more about this card and find out how you can apply here.

The Capital One® Quicksilver® Cash Rewards Credit Card has a flat cash back rate and simple, straightforward rewards that make it an ideal cash back card for people with varied spending needs. It’s not as useful for people who concentrate spending in a few favored categories, such as gas, groceries, or travel.

This card’s relatively low fees, solid early spend bonus, solid introductory APR promotion, lack of a minimum redemption amount for rewards, and lack of spending categories.

The somewhat limited redemption options, strict credit requirements, and the fact that there are no opportunities to earn higher rewards hurt its prospects.

Overall, it’s a great cash back card for general spending.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

Categories: Capital One, Credit and Debt, Credit Cards, Reviews

Brian Martucci writes about frugal living, entrepreneurship, and innovative ideas. When he’s not interviewing small business owners or investigating time- and money-saving strategies for Money Crashers readers, he’s probably out exploring a new trail or sampling a novel cuisine. Find him on Twitter @Brian_Martucci.

Comments Disclosure: The below responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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Capital One® Quicksilver® Cash Rewards Credit Card Review – 1.5% Cash Back

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