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Annual Fee
$0
Regular APR
19.99% – 29.99%
Intro Bonus
$200 cash bonus Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
Credit Score
Credit ranges are derived from FICO® Score 8, which is one of many different types of credit scores. If you apply for a credit card, the lender may use a different credit score when considering your application for credit.
Good to Excellent
Earn flat-rate cash back with no annual fee.
Expert Take: The Capital One Quicksilver Cash Rewards Credit Card offers decent flat-rate cash back rewards with no annual fee. The cash back card’s modest intro bonus with a low spending requirement and intro APR offer provide substantial value, especially during the first year of card ownership. But other everyday rewards cards earn higher rewards for better long-term value.
Pros
- Low spending requirement to earn intro bonus
- No bonus spending categories to track or activate
- No annual fee
Cons
- Recommended for good-to-excellent credit
- Lower cash back rate than some flat-rate cards
- High ongoing APR
Vault’s Viewpoint on the Capital One Quicksilver Cash Rewards
The Capital One Quicksilver Cash Rewards Credit Card is a no-fuss cash back rewards card without hoops to jump through. Instead, the card earns the same unlimited flat-rate 1.5% cash back on all purchases, whether it’s a trip to the fuel pump, a trip to the grocery store or a trip to Europe (not booked through Capital One Travel).
The no-fee card is ideal for individuals who prefer to earn simple, straightforward cash back rewards instead of mapping out every purchase to earn bonus rewards. It’s also a solid choice for anyone in the market for a rewards card without the added cost of an annual fee.
The Quicksilver Cash Rewards card isn’t a luxury card but comes with several consumer and travel benefits that add to its value. But other cash back cards like the Wells Fargo Active Cash® Card and the Citi® Double Cash Card offer higher ongoing rewards rates on everyday spending.
Capital One Quicksilver Cash Rewards Highlights
Annual Fee: $0
Welcome bonus: Earn a $200 cash bonus after you spend $500 on your card within three months from account opening
Foreign transaction fees: None
Earning Rewards With the Capital One Quicksilver Cash Rewards
It doesn’t get simpler than the cash back rewards structure of Capital One Quicksilver Cash Rewards. As a cardholder, you earn:
- Earn 5% unlimited cash back on hotels and rental cars booked through Capital One Travel
- Earn 1.5% unlimited cash back on every purchase, every day
Redeeming Rewards
Not only is there no limit to the amount of cash back you can earn with the Quicksilver card, but the rewards you earn never expire as you keep your account open and in good standing. You can redeem them as you earn them or save them up over time for a larger redemption.
You can redeem rewards for cash back, either as a check or a statement credit. Other redemption options include gift cards, using your rewards to pay for eligible purchases at Amazon or redeeming with PayPal while shopping online at any participating retailer that offers PayPal as a payment option. Cardholders can also use rewards to book flights, hotels and rental cars through Capital One Travel.
Rates and Fees
Capital One Quicksilver Cash Rewards has no annual fee, meaning there’s no specific value you need to squeeze out of the card to make it worth having. But there are other potential costs associated with the card depending on how you use the card.
- Annual fee: $0
- Foreign transaction fees: None
- Introductory APR offer: 0% intro APR for 15 months on purchases and balance transfers (then 19.99% to 29.99% variable APR)
- Ongoing APR: 19.99% to 29.99% variable APR
- Balance transfer fee: Introductory fee of 3% of the amount of each transferred balance that posts to your account during the first 15 promotional months that your account is open; Then there’s no fee for transferred balances at the Purchase APR after the first 15 months that your account has been open (or 4% if you’re offered a promotional APR)
- Cash advance APR: 29.99% APR
- Cash advance fee: $3 or 3% of the cash advance amount, whichever is greater
- Late payment fee: Up to $40
Benefits of the Capital One Quicksilver Cash Rewards
Capital One Quicksilver Cash Rewards features several benefits for cardholders.
No Foreign Transaction Fees
There are no extra charges when you use your Quicksilver card for purchases outside of the U.S., making it a great wallet addition for international travelers.
Concierge Service
Quicksilver cardholders have access to complimentary 24/7 concierge assistance with dining, travel and entertainment booking. Like other cards, only the concierge service is free. You are responsible for paying for any charges incurred with bookings or purchases made through the service.
Travel Protections
The Quicksilver card is not a traditional travel rewards card, but it does come with a couple of travel protections, including travel accident insurance and 24-hour travel assistance.
Extended Warranty Protection
Items purchased with your card with a qualifying U.S. original manufacturer’s warranty or store warranty of 24 months or less receive warranty protection for up to an additional 24 months based on the existing warranty length.
Security Features
Quicksilver cardholders have access to a handful of security features, including security and account alerts via text, email or phone and the ability to lock your card within the Capital One app if it is lost or stolen. Also, you can access virtual card numbers to pay for online purchases without having to use your actual card information.
Capital One Benefits
As a cardholder, you have access to exclusive dining and culinary experiences through Capital One Dining. Similarly, through Capital One Entertainment, you have exclusive access to presales and tickets for sporting events, concerts, and other experiences.
Who is the Capital One Quicksilver Cash Rewards Best For?
Capital One Quicksilver Cash Rewards is geared toward people who prefer flexible cash back rewards that are simple to earn, track and redeem. While the card doesn’t offer the highest rates, it’s more about effortless earning regardless of the card purchase.
With no annual fee, Capital One Quicksilver Cash Rewards is a good choice for beginners in the world of credit card rewards and anyone who isn’t able to qualify for a flat-rate rewards card that earns a higher rate on all purchases.
Who Should Consider an Alternative to the Capital One Quicksilver Cash Rewards?
Capital One Quicksilver Cash Rewards earns the same rate regardless of category. If you typically spend more in certain categories, you may be better off choosing a card with bonus cash back rates that align with your card spending habits.
The Quicksilver card allows you to redeem rewards for travel through Capital One and offers a few travel benefits, but it’s not a travel rewards card. If you plan to use rewards to book award travel, consider a flexible travel rewards card or a co-branded airline or hotel card from a preferred travel brand.
How Does the Capital One Quicksilver Cash Rewards Stack Up to Its Competitors?
With several top cash back cards available, you have other options to consider that may be a better fit than the Quicksilver Cash Rewards card.
Capital One Quicksilver Cash Rewards vs. Capital One Savor Cash Rewards Credit Card
The Capital One Savor Cash Rewards Credit Card is geared toward individuals with varied spending habits, especially people who spend considerable money each month on food purchases.
The Savor card earns bonus cash back on dining, entertainment, select streaming services and grocery store purchases. Its suite of card benefits nearly mirrors the Quicksilver card. You can earn a slightly higher welcome bonus with the Savor Reward card but with a much higher spending threshold.
Unlike Quicksilver Cash Rewards, the Savor card has a $95 annual fee, so it’s only ideal if you’re comfortable paying a fee and will get enough value from the card’s rewards and benefits to offset the added cost.
Capital One Quicksilver Cash Rewards vs. Citi Double Cash® Card
Citi Double Cash® Card offers a unique take on flat-rate cash back rewards. Cardholders can earn two percent cash back—an unlimited one percent cash back on purchases, plus an additional one percent as you pay for those purchases.
The no-annual-fee card comes with a longer intro APR offer for balance transfers, but doesn’t include an introductory offer for purchases. With limited card benefits, Citi Double Cash is best used strictly as a balance transfer card or to earn flat-rate cash back. Plus, it charges high foreign transaction fees, so it’s not a good option for frequent travelers.
Capital One Quicksilver Cash Rewards vs. Wells Fargo Active Cash® Card
The Wells Fargo Active Cash® Card is similar to Capital One Quicksilver Cash Rewards with no annual fee, an intro APR offer and an identical intro bonus offer. The primary difference between the cards is that Active Cash earns two percent cash back. If you want to earn more cash back on every purchase, this Wells Fargo card is a better option.
Although the Active Cash card has fewer card benefits, cardholders receive up to $600 of cell phone protection against theft or damage. Similar to Citi Double Cash, it’s not a travel card, thanks to high foreign transaction fees.
Is the Capital One Quicksilver Cash Rewards Worth It?
Capital One Quicksilver Cash Rewards is a decent choice for some. The straightforward rewards structure and low spending requirement to earn the bonus provide plenty of value, especially considering there is no annual fee to account for. But the card doesn’t earn the highest flat rate out there, so it’s not the best fit for anyone looking for a simple way to earn as much cash back as possible on all purchases. It’s also not the best option if you want to leverage your card spending in certain categories fully.
Frequently Asked Questions
How Do I redeem Quicksilver Rewards For Cash?
You can redeem rewards earned with your Quicksilver card by signing into your card account online or through the Capital One mobile app. Redemption options include cash back, travel, gift cards, online shopping and covering recent purchases.
Does Capital One Quicksilver Rewards Cash Expire?
The cash back rewards you earn with Capital One Quicksilver Rewards never expire for the life of the account. You can stockpile your rewards for future redemptions or apply them immediately.
What’s the Difference Between Quicksilver and QuicksilverOne?
The Capital One QuicksilverOne Cash Rewards Credit Card is geared towards individuals with fair credit. It earns the same unlimited 1.5% cash back rate on all purchases as Quicksilver Cash Rewards, but it has no welcome bonus offer or introductory APR offer and it carries a $39 annual fee.
I'm a seasoned financial expert with extensive knowledge in credit cards and rewards programs. Over the years, I've closely followed developments in the credit card industry, staying informed about various card offerings, their benefits, and how they compare to one another. My expertise extends to understanding the nuances of cash back rewards, annual fees, introductory bonuses, and other features that consumers look for in credit cards.
Now, let's delve into the details of the article you provided:
Capital One Quicksilver Cash Rewards Credit Card Overview:
- Annual Fee: $0
- Regular APR: 19.99% – 29.99%
- Intro Bonus: $200 cash bonus after spending $500 on purchases within 3 months from account opening.
- Credit Score: Good to Excellent
Pros:
- Low spending requirement to earn the intro bonus.
- No bonus spending categories to track or activate.
- No annual fee.
Cons:
- Recommended for good-to-excellent credit.
- Lower cash back rate compared to some flat-rate cards.
- High ongoing APR.
Vault’s Viewpoint: The Capital One Quicksilver Cash Rewards is praised as a straightforward cash back card without complicated requirements. It offers a consistent 1.5% cash back on all purchases. While it's ideal for those who prefer simple rewards without the hassle of tracking spending categories, it may not provide the highest long-term value compared to other cards.
Earning and Redeeming Rewards:
- 5% unlimited cash back on hotels and rental cars booked through Capital One Travel.
- 1.5% unlimited cash back on every purchase, every day.
- Rewards can be redeemed for cash back, gift cards, Amazon purchases, or through PayPal. Additionally, they can be used for travel bookings via Capital One Travel.
Rates and Fees:
- No annual fee.
- No foreign transaction fees.
- Introductory 0% APR for 15 months on purchases and balance transfers, then variable APR of 19.99% to 29.99%.
- Balance transfer fee: Introductory 3%, then no fee for transferred balances at the Purchase APR after the first 15 months.
Benefits:
- No foreign transaction fees.
- Concierge service for dining, travel, and entertainment assistance.
- Travel protections, including travel accident insurance and 24-hour travel assistance.
- Extended warranty protection.
- Security features such as account alerts and the ability to lock the card within the Capital One app.
Comparison with Competitors:
- Capital One Savor Cash Rewards Credit Card: Geared towards food purchases, higher welcome bonus, $95 annual fee.
- Citi Double Cash® Card: 2% cash back, longer intro APR for balance transfers, high foreign transaction fees.
- Wells Fargo Active Cash® Card: 2% cash back, cell phone protection, no foreign transaction fees.
Is it Worth It? The Capital One Quicksilver Cash Rewards is considered a decent choice for those who prioritize simplicity and have good-to-excellent credit. The low spending requirement for the intro bonus and no annual fee make it attractive. However, for those seeking the highest flat-rate cash back or category-specific rewards, other options might be more suitable.
Feel free to ask if you have any specific questions or if there's more you'd like to explore.
