Capital One Quicksilver Card — Full Review [2021]

The information regarding the Capital One® Quicksilver®  Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. 

Low maintenance, that’s your motto. When it comes to your credit cards, you don’t have the time or inclination to figure out which spending categories earn you the most cash-back.

A card that earns 1.5% cash-back for everything is more your speed.

That’s why you should consider the Capital One® Quicksilver® card. You’ll never waste your time with changing categories, and there’s no limit to the cash-back you can earn.

Sign-Up Bonus and Cash-Back Rate

The sign-up bonus for the Quicksilver card is shown at the top of the page in the card summary table. Simply spend the required amount in the time allotted to earn bonus cash-back!

Then, earn unlimited 1.5% cash-back for every dollar you spend with the card. Cash-back is redeemable at any time, and rewards never expire!

It’s just that simple.

Quicksilver Card Benefits

Nobody likes paying fees, and the Quicksilver card makes things simple. There’s no annual fee and no foreign transaction fees!

• You want a no-annual-fee credit card
• You are looking for a simple, easy-to-understand rewards program

• You prefer to earn travel rewards
• You want to earn more than 1.5% cash-back in some spending categories

Here are some tips for maximizing your cash-back with the Quicksilver card:

Tip #1: Spend the required amount in the allotted time to earn the sign-up bonus, one of the easiest and best ways to get value from the card.

Tip #2: As we mentioned earlier, combine credit cards to get the most value for your purchases.

Use cards that earn more for certain categories, and then put everything else on the Capital One card.

Tip #3: If you have more than one Capital One Rewards account, you may be able to transfer rewards between them. Then, you can get more cash-back at one time!

Tip #4: Always pay your bill on time. Otherwise, you won’t be able to redeem cash-back for that billing cycle.

Tip #5: Add family members to your card as authorized users to earn cash-back on all of their purchases as well! As an added bonus, they will improve their credit scores!

You have 2 options for redeeming cash-back for the most value: a check or statement credit. Just request your cash-back whenever you’re ready.

If you want to redeem cash-back from your Quicksilver card without having to think about it, you can arrange for automatic redemption at capitalone.com or by contacting the Rewards Center.

Select a date on the calendar, or set it up to issue when you reach a specific threshold ($25, $50, $100, or $200).

Even if you elect to use automatic redemptions, you can still request cash-back at any time. Also, you can always change your automatic redemption preference for the following month.

Other Redemptions

You can redeem the cash-back earned for gift cards and merchandise at capitalone.com and the Rewards Center.

When your eligible card is linked to PayPal, you can checkout with PayPal and redeem your cash-back at a rate of $1 to $1.

However, we don’t recommend this since the cash-back is valued at a lot less for these redemptions.

Intro APR Offers

Have you had your eye on a new washing machine? Is it time to replace your dishwasher? This card’s intro APR gives you a great opportunity to make a large purchase and spread out the payments without incurring hefty interest.

Then, you can pay off some of the purchase with the cash-back earned. Of course, you never want to make a purchase just to get the introductory APR offer.

Only buy what you really need, and always keep up with the payments. If your balance isn’t paid off when the introductory APR expires, you’ll be charged interest way back to the time of purchase!

There are no travel partners associated with the Quicksilver card.

The card certainly makes earning cash-back easy. Unlike many cards, you don’t have to follow along with changing categories or maximum earnings because it’s 1.5% cash-back all the time.

Unfortunately for some cardmembers, this could also be a drawback: you can’t earn any more than 1.5% cash-back.

For instance, the Blue Cash Everyday® Card from American Express offers 3% cash-back on U.S.supermarket purchases up to $6,000, plus an unlimited 2% cash-back on purchases at U.S. gas stations and U.S. department stores. All other purchases earn 1%.

One solution is to use the Blue Cash Everyday® Card from American Express for the higher earnings categories, and the Quicksilver card for everything else.

However, if you prefer a simple rewards card, then earning 1.5% cash-back across the board may be just fine!

Also, note that you’ll need excellent credit to qualify for the American Express card.

If your credit is average, then you could consider the Quicksilver card. You’ll still get 1.5% cash-back on all purchases, but there’s no sign-up bonus, and the annual fee is $39.

You may also get a lower credit line, however, after making your first 5 monthly payments on time, you can get access to a higher credit line.

Bottom Line: Some may find the 1.5% cash-back maximum on the Quicksilver card a bit low if you spend higher amounts in categories where other cards would earn 2% or more cash-back.

The sign-up bonus credit is only awarded to new cardmembers. Once you qualify, the credit will appear on your statement within 2 billing cycles.

You cannot earn cash-back on cash advances, checks used to access your account, and balance transfers.

Late payments disqualify cardmembers from earning rewards during that billing cycle.

Other Unique Benefits

Capital One offers a variety of cardmember benefits on its card, including all of the following and more:

Price Protection — Protects you for 120 days from the date of your purchase, and your purchase must be made with your Quicksilver card. You’re limited to a maximum of 4 claims per 12 month period, and a maximum of $250 per claim.

$0 fraud liability – There is no liability if your card is lost or stolen

Security alerts – Receive personalized emails and texts regarding account security

Online banking – Manage your Capital One account online

Capital One Wallet – Download and enroll in the mobile payment app to receive immediate notifications regarding charges, account balances, available credit, and rewards earnings.

Second Look from Capital One – This feature identifies unusual and duplicate charges on your account

Apple Pay – Use select Apple devices to make purchases with your Quicksilver card

Personalized payment – Choose your own billing due date and payment method with no fee

Autopay – Set up automatic monthly payments

Travel accident insurance – Pay for travel fare with the card and receive automatic insurance for loss of life or limb at no extra charge

24-hour travel assistance – Get emergency card replacement and a cash advance if the card is lost or stolen

Auto rental insurance – Coverage for damage due to collision or theft when you use the card

Extended warranty– Receive additional warranty protection on card purchases

Annual account summary – A yearly overview of payments and transactions organized by category

Financial education site – Get access to financial tools, tips, and resources to manage your credit