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Capital One Quicksilver Card Review

Capital One Quicksilver Card Review

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Aug 14, 2018. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

Who the card is best for

The Capital One® Quicksilver® Cash Rewards Credit Card is ideal for people who travel outside the U.S. and want to benefit from a decent cash back card with a $0 annual fee. This card is also a good option for people looking to use this card for more than cash back since there is 0% intro on purchases for 15 months and 0% intro on balance transfers for 15 months with 15.74% - 25.74% (Variable) APR after the intro period. This isn’t the longest intro period, but it can be beneficial for those looking to use this cash back card for other purposes like transferring debt or making new purchases without racking up interest.

If you’re someone with fair, bad or limited credit, you won’t have much luck qualifying for this card and may be better off with other cash back cards. Also, if you want a longer 0% intro period check out low interest cards.

  • Unlimited 1.5% Cash Back on every purchase, every day

  • 0% for 15 Months on Purchases and Balance Transfers

  • No minimums for redeeming and cash back won't expire for the life of the account

Highlights
  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.74%-25.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 15.74%-25.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • Pay no annual fee or foreign transaction fees

See additional details for Capital One® Quicksilver® Cash Rewards Credit Card

More Info

Where this card stands out in its category

Most cash back cards charge a foreign transaction fee ranging from 2% to 5%, but this card has none. Therefore, it’s great for traveling outside the U.S. You’ll be able to earn cash back on all purchases without paying a foreign transaction fee.

Where this card falls short in its category

This card has a sub par cash back rate: 1.5% Cash Back on every purchase, every day. This is lower than ideal, and we consider cards like the Citi® Double Cash Card – 18 month BT offer which allows cardholders to Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay. the standard for cash back cards. You can find cash back cards with higher cash back rates on all purchases, or in select categories.

Additional card benefits

The Capital One® Quicksilver® Cash Rewards Credit Card offers a several additional card benefits from Visa Signature®:

  • Visa Signature® Luxury Hotel Collection: Access premium benefits at over 900 properties with the Visa Signature® Luxury Hotel Collection.*
  • Visa Signature® Concierge: Available 24/7, representatives can assist you with various requests such as finding tickets and making reservations, whether you’re at home or traveling.*
  • Fine Wine & Food: At select establishments, you can access special dining and wine experiences, receive discounts or complimentary wine tastings, and more.*
  • Shopping discounts: Receive discounts at select premium retailers.*
  • Travel accident insurance: Pay for your trip with your card and you may be be covered for select accidents.*
  • Lost luggage reimbursement: You may receive up to $3,000 in coverage if your luggage is lost or stolen.*
  • Roadside Dispatch®: In the U.S. and Canada, if your car breaks down you can use 24/7 towing and locksmith referral services.*
  • Travel and Emergency Assistance Services: Representatives are available to help coordinate medical, legal, and travel services when you’re away from home.*

* Certain restrictions, limitations, and exclusions apply.

How to use it most effectively

To gain the most value from the Capital One® Quicksilver® Cash Rewards Credit Card, use it for all purchases since you earn 1.5% Cash Back on every purchase, every day. This is a great way for you to maximize cash back on all spending. If you travel outside the U.S., it can be beneficial to use this card since unlike some other cash back cards with foreign transaction fees, there is none.

Meet the requirements of the New Cardmember Offer to earn a one-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening.

Check out our balance transfer resources.

Rewards breakdown

The Capital One® Quicksilver® Cash Rewards Credit Card offers 1.5% Cash Back on every purchase, every day. This is a decent flat-rate, and although lower than the average of 2%, it can still earn you a good amount of cash back. Cash back can be redeemed for a statement credit or check with the option to set up automatic redemption at a set time each year or when a specific threshold ($25, $50, $100 or $200) is met. Other redemption options include for previous purchases, gift cards, and more.

There is a New Cardmember Offer: Earn a One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening.

Compare it with the Capital One® QuicksilverOne® Cash Rewards Credit Card

The Capital One® Quicksilver® Cash Rewards Credit Card and the Capital One® QuicksilverOne® Cash Rewards Credit Card are similar cash back cards with the same rewards rate and no foreign transaction fee, but they differ in credit required, annual fee, 0% intro periods, and New Cardmember Offers. The Capital One® Quicksilver® Cash Rewards Credit Card is for people with excellent/good credit, and if you aren’t in that credit range you may have a better time qualifying for the Capital One® QuicksilverOne® Cash Rewards Credit Card for those with average/fair/limited credit.

  • Unlimited 1.5% Cash Back

  • No rotating categories, cash back won't expire for the life of the account and no limit to how much you can earn

  • 26.46% (Variable)

Highlights
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Earn cash rewards without signing up for rotating categories
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Monitor your credit profile with the CreditWise® app, free for everyone
  • $0 fraud liability if your card is ever lost or stolen
  • No limit to how much cash back you can earn, and cash back doesn't expire for the life of the account
  • Help strengthen your credit for the future with responsible card use
  • Get customized alerts and manage your account with the Capital One mobile app

See additional details for Capital One® QuicksilverOne® Cash Rewards Credit Card

More Info

The Capital One® QuicksilverOne® Cash Rewards Credit Card has a $39 annual fee, while the Capital One® Quicksilver® Cash Rewards Credit Card has a $0 annual fee. This isn’t a big difference, but if you don’t want to pay an annual fee, the Capital One® Quicksilver® Cash Rewards Credit Card is the better choice.

While the Capital One® QuicksilverOne® Cash Rewards Credit Card lacks any 0% intro periods, the Capital One® Quicksilver® Cash Rewards Credit Card offers 0% intro on purchases for 15 months and 0% intro on balance transfers for 15 months (after the intro period, 15.74% - 25.74% (Variable) APR applies). Therefore, the Capital One® Quicksilver® Cash Rewards Credit Card is a good option for people looking to transfer a balance or make a large purchase.

In regards to New Cardmember Offers, the Capital One® Quicksilver® Cash Rewards Credit Card has a one-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening, while the Capital One® QuicksilverOne® Cash Rewards Credit Card has no bonus.

Overall, you need to consider the differences in these four features before deciding on the best card for your needs. Here is an overview of the other main features of each card:

Capital One® Quicksilver® Cash Rewards Credit Card Capital One® QuicksilverOne® Cash Rewards Credit Card
Annual Fee $0 $39
Purchase Intro Rate 0% intro on purchases for 15 months N/A
Balance Transfer Intro Rate 0% intro on balance transfers for 15 months N/A
Balance Transfer Fee 3% $0
Regular Purchase APR 15.74% - 25.74% (Variable) 26.46% (Variable)
Rewards 1.5% Cash Back on every purchase, every day 1.5% Cash Back on every purchase, every day
New Cardmember Offer One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening No bonus
Foreign Transaction Fee None None

Bottom Line

The Capital One® Quicksilver® Cash Rewards Credit Card (after the intro period, 15.74% - 25.74% (Variable) APR applies) is a good $0 annual fee card for people with excellent/good credit. This card earns you a decent cash back rate and is great to use when traveling abroad.


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