Reviews

Capital One Quicksilver Cash Rewards Credit Card review: is it worth it?

Learn all there is to know about the Capital One Quicksilver Cash Rewards, a credit card with a $0 annual fee, low rates, and a cash sign-up bonus!

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Earn rewards and cash back without worrying about annual fees

Capital One Quicksilver Cash Rewards card
Learn all about this credit card. Source: Capital One.

The Capital One Quicksilver Cash Rewards Credit Card is a pioneer card! It gives you 1.5% cash back on all your purchases. Plus, you can redeem your cash back for the amount you prefer!

There is no annual fee and there is a low intro APR on purchases and balance transfers for the first 15 months of membership (variable 19.99% – 29.99% afterwards).

Keep in mind though that there is a balance transfer fee, which equals to 3% during the first 15 months, and 4% at any other promotional rate that Capital One may offer you.

Cash advances have a variable APR of 29.99%. As for the cash advance fee, it’s either $5 or 5% of the amount of each cash advance, whichever is greater.

In addition, you’ll earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. Your money back doesn’t expire for as long as you have an active bank account.

card

Credit Card

Quicksilver Cash Rewards

Cash back Mobile App

Simple reward earnings on redemption. Cash sign-up bonus.

You will remain in the same website

The Capital One Quicksilver Cash Rewards credit card set a standard for an entire generation of cashback credit cards with a simple proposition: 1.5% of your money back on every purchase made daily.

The simplicity of the rewards alone is enough to apply for the card. You will enjoy an excellent cash back rate with no bonus categories. This way, you’ll know that there are no spending limits to keep track of.

The Capital One Quicksilver Cash Rewards card stands out by going further and offering lower interest rates and strong sign-up bonuses. Plus, the customer can redeem rewards more easily.

There is also a 0% intro APR on purchases and balance transfers for 15 months and a 19.99% – 29.99% variable APR after that!

Capital One Quicksilver Cash Rewards Credit Card

Logo Capital One
Check out the card’s benefits. Source: Youtube Capital One.

This card offers a mix of benefits starting with:

  • Get your money back.
  • $0 annual fee.
  • One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.
  • Unlimited cashback of 1.5% on all purchases.
  • 0% intro APR on purchases and balance transfers for 15 months; 19.99% – 29.99% variable APR after that.
  • There are no foreign transaction fees;
  • $0 Fraud Liability;
  • Complimentary Concierge Service;
  • Travel Accident Insurance;
  • Terms apply.

Simple reward earnings on redemption

Many people like simplicity and will appreciate the rewards offered by the Capital One Quicksilver Cash Rewards card. Plus, there is no minimum redemption income.

Some brands require the user to collect up to $25 worth of rewards before withdrawing. The Capital One Quicksilver Cash Rewards card gives you the freedom to redeem any amount at any time.

Cash sign-up bonus

There’s nothing better than making money. But it’s even better to earn money easily. The Capital One Quicksilver Cash Rewards credit card has a sign-up bonus with a very low spending condition to earn it!

Low rates

Capital One Quicksilver Cash Rewards’ fees are one of the lowest. There is no annual fee and no foreign transaction fee.

This card ranks as one of the best cash back cards, and it is excellent for taking on international trips. The transfer rate is 3%, less than many cards charge.

Multiple personalized credit card offers

Applying won't hurt your credit score

You will be redirected to another website

Excellent 0% intro APR period

Some people may not recommend this card because of the balance transfer fee. But the card can be an excellent option for those who make purchases with a long payment period.

Reasonable qualification requirements

This card is suitable for people with good credit, which is defined as a score above 690. The best-known rival card for the Capital One Quicksilver Cash Rewards credit card at the 1.5% cash criterion is Chase Freedom Unlimited®.

The Chase Freedom Unlimited® credit card has a 0% intro APR for 15 months from account opening on purchases and balance transfers.

Both cards have similar reward rates; you can redeem money back in any amount. But here are three notable differences between the cards:

Chase Freedom Unlimited® has higher cash back bonus: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) – worth up to $300 cash back!

You still earn 5% cash back on travel purchased through Chase Ultimate Rewards® and 3% on drugstores and at restaurants. Buying other products, the customer has a 1.5% cash back.

Chase charges a 3% foreign transaction fee. If the user intends to spend a lot on international travel, Capital One Quicksilver Cash Rewards is the best option due to the 0% foreign transaction fee.

Cash back on Chase Freedom Unlimited® is earned through Chase Ultimate Rewards® points, which gives you more flexibility when redeeming.

Capital One Quicksilver Cash Rewards Credit Card: should you get one?

The Capital One Quicksilver Cash Rewards credit card offers excellent features and benefits to its cardholders.

This card has an attractive combination of reward rates, easy bonus redemption, low fees, welcome bonuses, and other benefits.

If you are interested in getting a credit card with this excellent combination to help you get cash rewards, check out our post below to learn how to apply!

card

Credit Card

Quicksilver Cash Rewards

Cash back Mobile App

Simple reward earnings on redemption. Cash sign-up bonus.

You will remain in the same website

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

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.

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