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Capital One Quicksilver Cash Rewards Credit Card — Full Review [2023]

Name: Capital One Quicksilver Cash Rewards Credit Card — Full Review [2023]
Item: Capital One Quicksilver Cash Rewards Credit Card
Rating: 4
Author: Alex Miller

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"1.5% cash-back across the board!"

A flexible, no-frills card that earns 1.5% cash-back on all purchases. Redeem rewards for any amount anytime you choose with no annual fee.

Learn More (at Capital One's secure site)

Alex Miller

- Updated: May 21, 2023, 11:41pm CDT|

2Comments

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 Cash Rewards Credit Card. You’ll never waste your time with changing categories, and there’s no limit to the cash-back you can earn.

Pros

Unlimited 1.5% cash-back on all purchases
No annual fee
Up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
No foreign transaction fees
Extended warranty coverage

Cons

Doesn’t offer bonus categories for those looking to maximize certain purchases

Quicksilver Card Snapshot

Welcome Bonus & Info (Partner Content)
- Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase, every day
- $0 annual fee and no foreign transaction fees
- Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
- No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
- 0% intro APR on purchases and balance transfers for 15 months; 19.74%-29.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
Card Categories:
Rewards Center
This card's rewards will accrue on the card and be available under capitalone.com.
Customer Service Number
800-227-4825
Login Link
https://www.capitalone.com/
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Great Card If

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

Don't Get If

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

Quicksilver Card — Fees

Annual Fee
- $0
Foreign Transaction Fees
None
Interest Rates
- 0% intro APR on purchases for 15 months; 19.74% - 29.74% variable APR after that
Balance Transfers
- 19.74% - 29.74% Variable
- Fee: 3% fee on the amounts transferred within the first 15 months
Cash Advance APR
- 29.74% Variable
- Fee: 3% of the amount of the cash advance, but not less than $3.

The Ideal Cardholder

Welcome Bonus and Cash-back Rate

The welcome bonus for the Quicksilver card is shown at the top of the page under the card snapshot. 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!

Best Way To Maximize Capital One Cash-back Rewards

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 1 Capital One 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!

Best Way To Redeem Capital One Cash-back Rewards

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!

Alternative Cards to 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 Amex Blue Cash Everyday card 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 Amex Blue Cash Everyday card.

If your credit is average, then you could consider the Quicksilver card. You’ll still get 1.5% cash-back on all purchases, there’s a small 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.

We’ve also compared the Quicksilver card to some other popular cards:

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

For rates and fees of the Blue Cash Everyday® from American Express, click here.

Featured Image Credit: Capital One

Frequently asked questions

What is the Quicksilver card? Is it worth it?

This is a cash-back credit card. Spend the required amount in the allotted time to earn the current sign-up bonus and earn cash-back right away (see the card snapshot in our article).

As a Capital One card, it offers a long list of shopping, travel, and insurance perks.

You earn unlimited 1.5% cash-back on all purchases, and there is no annual fee.

How does the Quicksilver card work?

Earn 1.5% cash-back on all purchases. There is no limit to the amount of cash-back you can earn. Redeem cash-back for a check or a statement credit.

You can also redeem for gift cards and merchandise. However, because the value of your cash-back is much lower for these options, we don't recommend it.

When does cash-back from the Quicksilver card expire?

Your rewards will never expire as long as your account is active.

Does the Quicksilver card have an annual fee?

There is no annual fee.

Who are the Quicksilver card partners?

There are no partners with this card.

Does the Quicksilver card have a 0% APR?

Yes, there is a 15-month 0% intro APR on purchases with a 19.74% - 29.74% variable APR after that period.

Does the Quicksilver card have a foreign transaction fee?

No. There are no foreign transaction fees with the Quicksilver card.

Which is better, the Quicksilver card or the Capital One Venture card?

The value of the cards is similar. However, the Capital One Venture card is targeted to those who want to earn credit for travel purchases instead of cash-back.

In addition, the Capital One Venture card has an annual fee after the first year and does not offer a 0% intro APR.

What is the difference between the Quicksilver card and the Capital One QuicksilverOne Cash Rewards Credit Card?

The Quicksilver card is for those with excellent credit.

If you have average credit, you may qualify for the QuicksilverOne card. It has a $39 annual fee and does not offer a sign-up bonus, but other than that the cards are very similar.

After making your first 5 payments for the Quicksilver card on time, you can get access to an increased credit line.

About Alex Miller

Alex has been traveling for over 25 years and from a young age was lucky enough to set out on numerous family trips all over the world, which gave him the travel bug. Alex has since earned tens of millions of travel points and miles, mainly through maximizing every opportunity to earn the most points possible on each dollar spent.

Lupe Farran August 29, 2019
When making purchases & earning rewards, how longe does it take for those reward credits to be applied to ones’ reward account?
- Jarrod West August 29, 2019
  Hi Lupe,
  Traditionally, your rewards will be added to your rewards account after your statement posts.
  Thanks for reading!

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