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.