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Capital One QuicksilverOne Cash Rewards Card — Full Review [2023]

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

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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.

Learn More (at Capital One's secure site)

Alex Miller

- Updated: May 21, 2023, 11:14pm CDT

If you’re looking to build your credit, and earn cash-back rewards while doing so, then the Capital One QuicksilverOne Cash Rewards Credit Card is a fantastic option. You can increase your credit line just paying your bill on time every month and you’ll earn an unlimited 1.5% cash-back on all of your purchases.

Pros

1.5% cash-back on all purchases
Automatic credit line review after 6 months of on time payments
Unlimited access to your credit score via CreditWise
No foreign transaction fees

Cons

$39 annual fee

QuicksilverOne Card — Snapshot

Welcome Bonus & Info (Partner Content)
- Earn unlimited 1.5% cash back on every purchase, every day
- No rotating categories or limits to how much you can earn, and cash back doesn't expire for the life of the account. It's that simple
- Be automatically considered for a higher credit line in as little as 6 months
- Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
- Help strengthen your credit for the future with responsible card use
- 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
- Monitor your credit score with CreditWise from Capital One. It's free for everyone
- Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you're all set
Card Categories:
- Credit Card Reviews
- Best Cash Back Credit Cards
Customer Service Number
800-227-4825
Login Link
https://www.capitalone.com/
Related Articles
- 10 Best Ways To Earn Lots of Capital One Cash-back Rewards
- Capital One Platinum Card vs. QuicksilverOne Card

Great Card If

You have average credit
You don’t want to keep track of spending categories

Don't Get If

You have excellent credit
You want to earn travel rewards

QuicksilverOne Card — Fees

Annual Fee
- $39
Foreign Transaction Fees
None
Interest Rates
- 29.99% Variable
Late fees
- Up to $40
Balance Transfers
- 29.99% Variable
- Fee: $0 at this Transfer APR
Cash Advance APR
- 29.99% Variable
- Fee: 3% of the amount of the cash advance, but not less than $3

The Ideal Cardholder

Welcome Offer and Cash-back Earning Rate

The QuicksilverOne card is for those who want to build their credit. It does not typically have a welcome offer.

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

After making your first 6 monthly payments on time, you can receive access to a higher credit line.

Capital One and Platinum Mastercard Perks

The QuicksilverOne 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 cardholders. We will explore more of these in the sections below.

Best Way To Maximize Cash Rewards

Because it’s a cash-back card, the more purchases you make with the QuicksilverOne 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 QuicksilverOne 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.

Best Way To Redeem Cash Rewards

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 QuicksilverOne card for merchandise or gift cards by visiting capitalone.com or calling the Rewards Center.

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

Also, 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.

Alternative Cards to the QuicksilverOne Card

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 welcome bonus.

With this card, you can redeem cash-back for statement credit or purchases in the Chase Ultimate Rewards travel 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 QuicksilverOne card provides an opportunity to build your credit by proving your creditworthiness 1 month at a time.

Bottom Line: The QuicksilverOne 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!

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.

Frequently asked questions

Why should I sign up for the QuicksilverOne card?

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

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 QuicksilverOne 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 QuicksilverOne card cash-back expire?

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

What is the QuicksilverOne card annual fee?

The annual fee for the card is $39.

Who are the QuicksilverOne card partners?

There are no partners in the sense of most rewards cards.

Do I have to pay foreign transaction fees when I use the QuicksilverOne card?

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

Does the QuicksilverOne card have a 0% APR offer?

See the card summary table for information about the current offer.

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

The value of the cards is similar. However, the QuicksilverOne card is targeted to those with average credit, while the Quicksilver card is for those with excellent credit.

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.

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