Capital One QuicksilverOne Cash Rewards Credit Card Review

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Capital One QuicksilverOne Cash Rewards Credit Card

"Cash-back While You Build Credit"

Unlimited 1.5% cash-back on all purchases while you work your way up to a higher credit line. Redeem rewards for any amount at any time.

Learn More (at Capital One's secure site)

You may have average credit, but you’re building it higher every day. Just because your credit isn’t excellent doesn’t mean you don’t deserve a card with fantastic cash-back potential!

That’s one of the reasons why you applied for the Capital One QuicksilverOne Cash Rewards Credit Card (learn more). You can increase your credit line just by showing you pay your bill on time every month.

Card Summary Table

  • Card Bonus & Info (Partner Content)
  • Card Provider
    MasterCard Capital One
  • Card Type(s):
  • Card Focus:
    • All Purchases
  • Annual Fee
    • $39 per year
  • Rewards Center
    Redeem your cash-back at CapitalOne.com.
  • Foreign Transaction Fees
    None
  • Typical Users
    International Travelers, Parents / Families, The Average Spender
  • Customer Service Number

    800-227-4825

  • Login Link
  • Partners
    There are no partners with this card since it is a simple cash-back credit card.
  • Interest Rates ?
    • 24.99% APR
  • Late fees ?
    • Up to $35
  • Balance Transfers
    • 24.99% APR
    • $10 or 3% of the amount (whichever is greater)
  • Cash Advance APR
    • $10 or 3% of the amount (whichever is greater)
    • 24.99% APR

The Ideal Cardholder

pay-bills-on-time-to-increase-credit-on-capital-one-quicksilverone
When you pay your bills on time with the Capital One QuicksilverOne Cash Rewards Credit Card, you will be eligible to get an increase in credit!

Sign-Up Bonus and Cash-Back Earning Rate

The Capital One QuicksilverOne Cash Rewards Credit Card (Learn More) is for those who want to build their credit. It does not typically have a sign-up bonus.

You earn unlimited 1.5% cash-back on all purchases.

After making your first 5 monthly payments on time, you can receive access to a higher credit line.

Capital One and Platinum MasterCard Perks

The Capital One QuicksilverOne Cash Rewards Credit Card comes with a ton of travel, shopping, and account management perks from Capital One and Platinum MasterCard.

For instance, receive 24-hour travel assistance, roadside assistance, and travel accident insurance when you use the card. Also, you can register for ID theft alerts and price protection.

Of course, these are just a few of the benefits available to card holders. We will explore more of these in the Gritty Details section below.

Capital One QuicksilverOne Cash Rewards Credit Card Drawbacks

Overall, earning and redeeming cash-back with the card could not be easier. It’s a straight 1.5% cash-back on all purchases, so you don’t have to keep track of spending categories.

However, you also can’t get more than 1.5% cash-back for any purchases, which may not be ideal for every cardholder.

For example, with the Blue Cash Everyday® Card from American Express, you earn 3% cash-back on U.S. supermarket purchases up to $6,000, plus an unlimited 2% cash-back on U.S. gas station and U.S. department store purchases. Everything else will get you 1%.

So, it’s a tradeoff. You have to keep track of categories and maximums, but you have more earning potential.

Another card that earns a straight 1.5% cash-back is the Chase Freedom Unlimited℠. It doesn’t have an annual fee, and typically offers a sign-up bonus.

With this card, you can redeem cash-back for statement credit or purchases in the Chase Ultimate Rewards Portal.

The only issue with these alternatives is that you may need better than average credit to qualify. If that’s not you quite yet, then the Capital One QuicksilverOne Cash Rewards Credit Card (Learn More) provides an opportunity to build your credit by proving your creditworthiness one month at a time.

Bottom Line: The Capital One QuicksilverOne Cash Rewards Credit Card earns straight 1.5% cash-back and can’t be redeemed for anything greater than that. Try a higher earning cash-back credit card or a travel rewards credit card if you want more rewards!

Final Thoughts on the Card

If you have an average credit score and want a cash-back card that’s easy to use, the Capital One QuicksilverOne Cash Rewards Credit Card may be the solution.

Earn 1.5% cash-back in unlimited amounts and redeem it at any time. Plus, you can take advantage of the 9-month intro 0% APR on purchases and balance transfers.

For information on other Capital One card options, check out our post on The Best Capital One Credit Cards for Travel Rewards, Cash-back, & More.

Great Card If

  • You have average credit
  • You don’t want to keep track of spending categories
  • You would like to transfer a balance
  • You have a big purchase coming up

Don't Get If

  • You have excellent credit
  • You want to earn travel rewards
  • You won’t use the 0% intro APR

U.P. Pro Tips

A terrific way to get value from the card is to use it in combination with other credit cards.

Think about it this way: you already know you’ll earn 1.5% cash-back on all of your purchases. Therefore, it should be your go-to card for any spending category not covered by other cards that offer a higher cash-back percentage.

For instance, the Chase Freedom® Credit Card earns 5% cash-back (up to $1,500) in quarterly bonus categories that could be supermarkets, gas stations, or something else. All other spending categories will get you 1% cash-back.

So, go ahead and use the Chase Freedom® for those quarterly 5% categories, but use the Capital One QuicksilverOne Cash Rewards Credit Card (Learn More) to earn 1.5% on everything else.

combine-card-strategies-capital-one-quicksilverone
Try combining the Capital One QuicksilverOne Cash Rewards Credit Card’s 1.5% cash-back with the Chase Freedom® Card’s 5% cash-back on the rotating categories. It’s a valuable strategy since both cards have no annual fee!

How To Use the Capital One QuicksilverOne Cash Rewards Credit Card: The Upgraded Way

Best Way To Maximize Points

Because it’s a cash-back card, the more purchases you make with the Capital One QuicksilverOne Cash Rewards Credit Card, the more value it will provide.

Beyond that, we also put together a list of some extra tips to help you get the most out of the card.

Quick Earning Tips

Tip #1: If you’re just using this card, put as many expenses on it as possible.

On the other hand, if your strategy is to combine cards, use the Capital One card to earn 1.5% when your other options provide a lower earning percentage.

Tip #2: Don’t leave cash-back on the table. Always pay your bill on time, or you risk losing your cash-back for that billing cycle. Plus, you may be able to increase your credit line when you make your first 5 payments on time.

Tip #3: You won’t accrue any foreign transaction fees with the card. Take advantage of this benefit and use the card for all international travel.

An added perk? The card has an EMV chip, which will make your transactions abroad hassle-free.

Tip #4: In some cases, you can transfer Capital One cash-back rewards between accounts. Putting all of your cash-back on one card may be beneficial.

Tip #5: Link your card to the Uber app and make it your payment method. Then, you’ll get every 10th ride free (up to $15) through March 2017.

The free rides will load automatically, and can be redeemed through April 2017.

link-uber-with-capital-one-quicksilverone
When you link your Uber ridesharing app with your card, you will get every 10th ride free up to $15. It’s a great boost to your cash-back!

Best Way To Redeem Points

You can request cash-back at any time, either as statement credit or in the form of a check. Additionally, you can even set a specific redemption threshold to receive your cash-back automatically when it reaches $25, $50, $100, or $200.

Another option is to select a date on the calendar to receive your cash-back. To set up a redemption schedule, go to capitalone.com or call the Rewards Center.

After setting these up, you’ll still be able to request cash-back when you want to. If you want to change your automatic redemption schedule, you can of course do that too.

Other Redemptions

You can redeem cash-back earned with the Capital One QuicksilverOne Cash Rewards card for merchandise or gift cards by visiting capitalone.com or calling the Redemption Center.

However, we don’t recommend this because the value decreases considerably when you choose any redemption option other than cash-back.

Intro APR on Transfers and Purchases

Don’t forget about the intro APR on balance transfers and purchases. If used for making a large purchase, you can pay that off over several months with the cash-back you’re earning.

Maybe you have a balance on a high-interest card and want to enjoy a no-interest break. Or perhaps you plan on buying something expensive and want to pay it off over the offer period.

Either way, you can save a ton of interest by taking advantage of this offer. The key is to keep up with the payments! Once the introductory rate expires, you’ll be hit with interest all the way back to the time of purchase if you haven’t paid it off.

As far as balance transfers are concerned, there is no transaction fee. That’s another big savings (about 3%)!

Partners

There are no partners associated with the card.

The Gritty Details: Everything Else You Need To Know

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

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

Other Unique Benefits

Capital One cardmembers receive a variety of perks, including but not limited to the following:

Online banking – Manage your Capital One account online and from the Capital One apps on your mobile devices

24/7 customer service –  Representatives are available 24 hours a day

Security alerts – Receive personalized emails and texts regarding account security

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

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

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

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

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

Autopay – Set up automatic monthly payments

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

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

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

Platinum Mastercard Benefits include the following and more:

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

Price protection – Find a lower price for a new item within 60 days of purchase and you may be reimbursed the difference

MasterCard ID theft protections – U.S. cardholders receive free services to help detect and resolve identity theft, such as expert resolution services, ID theft alerts, and emergency wallet replacement

MasterCard Global Service – Provides emergency assistance virtually anytime, anywhere, in any language to report a lost or stolen card, obtain an emergency card replacement, get a cash advance, find an ATM location, and answer account questions.

FAQ

Why should I sign up for the Capital One QuicksilverOne Cash Rewards Credit Card?

This is a cash-back credit card targeted to those with average credit. It carries an annual fee of $39.

While it doesn’t typically have a sign-up bonus, the card does come with a 9-month 0% intro APR on purchases and balance transfers, which can be a very valuable benefit.

Additionally, the card provides a ton of Capital One and Platinum MasterCard shopping, travel, and insurance perks.

Also, make your first 5 payments on time and receive access to an increased credit line.

How do I earn cash-back with the Capital One QuicksilverOne Cash Rewards Credit Card?

Earn 1.5% cash-back on all purchases you make with the card. There is no limit to the amount of cash-back you can earn.

Then, redeem cash-back for a check or statement credit. While you can also redeem for gift cards and merchandise, we don’t recommend this due to the low value you receive.

When does my Capital One QuicksilverOne Cash Rewards Credit Card cash-back expire?

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

What is the Capital One QuicksilverOne Cash Rewards Credit Card annual fee?

The annual fee for the card is $39.

Who are the Capital One QuicksilverOne Cash Rewards Credit Card partners?

There are no partners in the sense of most rewards cards, however there is a partnership with Uber.

Do I have to pay foreign transaction fees when I use the Capital One QuicksilverOne Cash Rewards Credit Card?

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

Does the Capital One QuicksilverOne Cash Rewards Credit Card have a 0% APR offer?

Typically, see the card summary table for information about the current offer.

How do I log into my Capital One QuicksilverOne Cash Rewards Credit Card account?

The login is at capitalone.com.

Which is better, the Capital One QuicksilverOne Cash Rewards Credit Card or the Capital One Quicksilver Cash Rewards Credit Card?

The value of the cards is similar. However, the Capital One QuicksilverOne Cash Rewards Credit Card is targeted to those with average credit, while the Capital One Quicksilver Cash Rewards Credit Card is for those with excellent credit.

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