Capital One Quicksilver Card Review
This article was last updated Jul 31, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.
The Capital One Quicksilver Cash Rewards Credit Card offers a straightforward approach to earning rewards with 1.5% cash back on every purchase, every day.
We break down the pros and cons of the Capital One Quicksilver Cash Rewards Credit Card, and show how it compares to the Capital One® QuicksilverOne® Cash Rewards Credit Card, which offers the same cashback rate on every purchase, but is easier to qualify for if your credit isn’t in the excellent/good range.
- Capital One Quicksilver Cash Rewards Credit Card pros
- Capital One Quicksilver Cash Rewards Credit Card cons
- Compare it to the Capital One® QuicksilverOne® Cash Rewards Credit Card
- Which credit card is best for me?
Capital One Quicksilver Cash Rewards Credit Card pros
Simple rewards structure. With the Capital One Quicksilver Cash Rewards Credit Card, cardholders earn 1.5% cash back on every purchase, every day. Cashback rewards never expire and can be redeemed for statement credits, checks, merchandise or gift cards. You can also use your cash back to cover a recent purchase.
Sign-up bonus. Cardholders earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.
Intro APR on purchases. If you want to finance a large purchase over time, the Capital One Quicksilver Cash Rewards Credit Card offers an APR of 0% intro on purchases for 15 months. After that, a regular APR of 15.49% - 25.49% (variable) applies to any unpaid portion.
Annual fee. The Capital One Quicksilver Cash Rewards Credit Card charges a $0 annual fee.
Read Capital One Quicksilver Cash Rewards Credit Card Sign-Up Bonus – Earn $150 Cash Back
Additional Capital One Quicksilver Cash Rewards Credit Card benefits:
- Foreign transaction fees: none. If you need to use your credit card to make purchases outside of the U.S., you won’t be charged additional fees to do so.
- Extended warranty. Get additional warranty protection on eligible items purchased using your card.
- Travel accident insurance. Receive automatic insurance for a covered loss at no additional charge when you use your card to purchase your fare.
- Virtual card numbers from Eno. Access virtual card numbers to pay for online purchases.
- Credit monitoring through CreditWise. You will receive alerts if your TransUnion or Experian credit report changes.
Read our CreditWise from Capital One review.
Capital One Quicksilver Cash Rewards Credit Card cons
Low cashback rewards rate. If you want to maximize your earning potential, there are several cashback credit cards that offer much higher rewards rates in popular spending categories, such as dining, groceries and gas. There are also flat-rate cards that offer 2% cash back or more on every purchase.
No balance transfer intro APR. Although the Capital One Quicksilver Cash Rewards Credit Card provides a long intro APR on purchases, it does not offer an interest-free period for balance transfers. If you transfer a balance to the card, you will be subject to an APR of 15.49% - 25.49% (variable) until the transferred balance is paid in full. However, the card does come with a $0 balance transfer fee.
Compare it with the Capital One QuicksilverOne Cash Rewards Credit Card
Besides similar names, the Capital One Quicksilver Cash Rewards Credit Card and the Capital One QuicksilverOne Cash Rewards Credit Card share the same rewards rates, balance transfer fees and foreign transaction fees. Where the cards differ the most is their credit requirements, annual fees, APRs and sign-up bonuses.
For example, the Capital One QuicksilverOne Cash Rewards Credit Card is geared toward individuals with fair/limited credit – meaning your credit score falls between 580 and 669.
The Capital One Quicksilver Cash Rewards Credit Card, on the other hand, is for people with excellent/good credit.
Additionally, the Capital One QuicksilverOne Cash Rewards Credit Card charges a $39 annual fee, while the Capital One Quicksilver Cash Rewards Credit Card comes with a $0 annual fee.
See how the cards compare side by side below.
Capital One Quicksilver Cash Rewards Credit Card vs. Capital One QuicksilverOne Cash Rewards Credit Card
| Capital One Quicksilver Cash Rewards Credit Card | Capital One QuicksilverOne Cash Rewards Credit Card | |
|---|---|---|
| Credit needed | excellent/good | fair/limited |
| Annual fee | $0 | $39 |
| Sign-up bonus | One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening | No bonus |
| Rewards rate | 1.5% cash back on every purchase, every day | 1.5% cash back on every purchase, every day |
| Purchase intro rate and APR | 0% intro on purchases for 15 months, then 15.49% - 25.49% (variable) | N/A, 26.99% (variable) |
| Balance transfer APR | 15.49% - 25.49% (variable) | 26.99% (variable) |
| Balance transfer fee | $0 | $0 |
| Foreign transaction fee | None | None |
The Capital One QuicksilverOne Cash Rewards Credit Card does not offer an intro APR on purchases. If you carry a balance on your card from month to month, you will be subject to a high ongoing APR of 26.99% (variable) – but that’s fairly typical for a card designed for those with fair/limited credit.
Which credit card is best for me?
The Capital One Quicksilver Cash Rewards Credit Card is a good option if you have excellent/good credit and want to earn a decent cashback rate on every purchase, without the hassle of keeping track of spending caps or rotating categories. Additionally, the card offers a long introductory APR on purchases and a $0 annual fee.
But if your credit isn’t in the excellent/good range, the Capital One QuicksilverOne Cash Rewards Credit Card is a great alternative, since it offers many of the same benefits, including 1.5% cash back on every purchase, every day, a $0 balance transfer fee, extended warranties, travel accident insurance and more.
Plus, starting at six months, Capital One will automatically review your account to see if you qualify for a higher credit limit.
