Capital One QuicksilverOne Cash Rewards Credit Card Review

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"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.

Card Summary Table

The Ideal Cardholder

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. You can increase your credit line just by showing you pay your bill on time every month.

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 is for those who want to build their credit. It does not typically have a sign-up bonus. It has an annual fee of $39.

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.

Partnership With Uber

The Capital One QuicksilverOne Cash Rewards Credit Card has a partnership with Uber. For every 10 rides with Uber, you will get a free ride up to $15.

Sign your card up through the Uber app and you will be able to redeem your rewards from there!

Intro APR Offer

Do you have a big purchase in your immediate future? If so, the Capital One QuicksilverOne Cash Rewards Credit Card has you covered. This card comes with an intro APR (see the card summary table for details).

The intro APR typically applies to purchases and balance transfers. You can transfer the balance from a higher-interest credit card without even paying a transfer fee!

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 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.

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 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.

Card Math

Hopefully, this review has shown how easy it is to earn and redeem cash-back with the Capital One QuicksilverOne Cash Rewards Credit Card. But is the card really worth it?

Let’s do some calculations to find out!

Recap of the Card

Check out the table below to quickly review the cost and earning potential of the card.

Annual FeeCash-Back Rate
$391.5% on all purchases

For the card to have value, it needs to earn at least the cost of the annual fee, which is $39. Since it typically comes with no sign-up bonus, we’ll see how much cash-back can be earned through purchases.

Earning Cash-Back With the Model Families

How valuable would the Capital One QuicksilverOne Cash Rewards Credit Card be in a given year based on the expenses of our model spending families? Let’s find out.

Yearly Card SpendTotal Cash-Back
Kennedys$22,600$339
Jetsons$36,400$546
Hartnells$45,100$646

Not bad! Our model families earned $339 to $646 cash-back with the card. Even when you subtract the $39 annual fee, the card has value.

If you put even more expenses on the card, you could really rack up the cash-back!

Of course, as we mentioned earlier in the review, cash-back redemptions provide the most value compared to gift cards and merchandise. We don’t recommend doing any other type of redemption.

Compared to Blue Cash Everyday® Card from American Express

How does the card stand up to another popular cash-back card, the Blue Cash Everyday® from American Express?

Annual FeeNone
Cash-Back Rates3% at U.S. supermarkets (up to $6,000)
 2% at U.S. gas stations and U.S. department stores
 1% everything else (Terms and Conditions Apply)

In the table below, we compare the value of the two cards based on calculations from a previous review.

The first difference is that the Blue Cash Everyday® Card from American Express typically has a sign-up bonus. There’s also no annual fee. Your cash-back rate is considerably higher as well in the specific categories.

However, you’ll find that outside the sign up bonus, the cards earn pretty similarly.

Capital One QuicksilverOne Cash Rewards Credit CardBlue Cash Everyday® Card from American Express
Kennedys$339$392
Jetsons$546$560
Hartnells$646$699

The Blue Cash Everyday® from American Express provides slightly more cash-back than the Capital One card, even after subtracting the $39 annual fee.

However, it can be more difficult to qualify for this card if you don’t have excellent credit.

doing-the-math-for-capital-one-quicksilverone
After some calculations, we found the Capital One QuicksilverOne Cash Rewards Credit Card to have a similar value to the Blue Cash Everyday® Card from American Express, though the latter is slightly better.

Card Conclusion

While there may be other more valuable cash-back credit cards, not everyone will qualify for them. Also, getting the maximum value from other cards can require more time and energy keeping track of categories and maximums.

The value of this card is shown to be anywhere from $339 to $646 at the spending levels of our model families, which is pretty good.

Overall, the Capital One QuicksilverOne Cash Rewards Credit Card can be a valuable option for those with average credit who don’t want to worry about spending categories.

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.

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

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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