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Capital One Quicksilver Cash Rewards Credit Card — Full Review [2022]

Name: Capital One Quicksilver Cash Rewards Credit Card — Full Review [2022]
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.

Learn More (at Capital One's secure site)

Alex Miller

- UPDATED: May 10, 2022 |

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.

Quicksilver Card Snapshot

Welcome Bonus & Info (Partner Content)
- Whether you're at a 4-year university, community college or other higher education institution, this card might be an option for you
- Earn unlimited 1.5% cash back on every purchase, every day
- Enjoy no annual fee, foreign transaction fees, or hidden fees
- You can help build your credit with responsible use of a card like this
- 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
- Be automatically considered for a higher credit line in as little as 6 months
- $0 fraud liability if your card is ever lost or stolen
- Set up Autopay for your account and your payments will be made automatically every month
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; 15.24% - 25.24% variable APR after that
Balance Transfers
- 15.24% - 25.24% Variable
Cash Advance APR
- 25.24% Variable

The Ideal Cardholder

capital-one-quicksilver-cash-rewards-card-is-low-maintenance — For those looking for a low maintenance card to match their low maintenance lifestyle, check out the Quicksilver card. Image Credit: Zhukov Oleg via Shutterstock

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!

Best Way To Maximize 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 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!

capital-one-quicksilver-authorized-family-users — Add your family members as authorized users in order to collect 1.5% cash-back for all their purchases as well. As a bonus, you’ll help them build their credit! Image Credit: Kzenon via Shutterstock

Best Way to Redeem 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!

There are no travel partners associated with the Quicksilver card.

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 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.

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 summary table or special offer below).

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 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, 15.24% – 25.24% variable APR after that.

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 Rewards Credit Card?

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

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

What is the difference between the Quicksilver Cash Card and the Quicksilver card?

The Quicksilver Cash 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 millions of travel points and miles, mainly through maximizing credit card sign-up bonuses and taking every opportunity to earn the most points possible on each dollar spent.

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2 comments

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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Capital One Quicksilver Cash Rewards Credit Card — Full Review [2022]

Quicksilver Card Snapshot

Great Card If

Don't Get If

Quicksilver Card — Fees