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Earn $200 bonus cash back with Capital One® Quicksilver® Cash Rewards credit card

The Quicksilver is currently offering a higher-than-usual sign-up bonus


See how the Quicksilver from Capital One® gets cardholders more in the first year with a competitive sign-up bonus.

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Along with an elevated sign-up bonus on its no annual fee dining rewards card, the Capital One SavorOne Cash Rewards Credit Card, Capital One is currently offering a new bonus for fans of flat-rate cash back.

The Capital One Quicksilver Cash Rewards Credit Card now carries sign-up bonus of $200 cash back after spending $500 in the first three months. That’s up $50 from the card’s previous bonus while still requiring the same minimum spend.

See related: Best Capital One credit cards

What is the Capital One Quicksilver card worth in the first year?

Since the Capital One Quicksilver card offers a flat cash back rate, you won’t have to keep track of any rotating bonus categories to earn competitive rewards. Plus, the card charges no annual fee. Here’s a quick look at what cardholders can earn in the first year.

Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards card
Rewards rate1.5% cash back on every purchase
Sign-up bonus$200 sign-up bonus if you spend $500 in first 3 months
Annual fee$0
Card perks
  • Includes intro APR for new purchases
  • No foreign transaction fee
  • Car rental insurance
  • Roadside assistance
  • Extended warranty and price protection
Estimated earnings in first year ($15,900 spend)$439

You might not get quite as much value out of your rewards without bonus categories, but the Quicksilver card is still a good option for those who don’t weigh their spending heavily toward any one kind of purchase.

Plus, the $200 sign-up bonus is on the higher side for a card with no annual fee and is one of the easiest to earn. Many rewards cards require users to spend between $1,000-$3,000 on their card to get a welcome bonus, but Quicksilver cardholders only have to spend $500.

Recent changes to the Capital One Quicksilver card

While many other Capital One credit cards regularly feature limited-time bonus offers, the cash back sign-up bonus on the Quicksilver card has stayed the same throughout the card’s history – until now.

The current offer of $200 cash back after spending $500 in the first three months is the first time the Capital One has deviated from the Quicksilver card’s longstanding $150 sign-up bonus.

Capital One Quicksilver card recent changes

Oct. 20, 2020
$200 if you spend $500 in first 3 months
Previous:$150 if you spend $500 in first 3 months

As the current bonus is the card’s highest to date, now is a terrific time to apply if you’d been on the fence about getting the Quicksilver card.

Who is eligible to earn the sign-up bonus?

When it comes to being approved for the Quicksilver card, Capital One has a few important restrictions. First, Capital One limits the number of cards you can have open at one time. If you already have five open credit cards with the bank, you might not be approved. You’ll also need good to excellent credit (above 670) and a monthly income at least $425 higher than your rent or mortgage payment.

The sign-up offer is also limited to new account holders. If you currently or have previously owned a Quicksilver card, you might not qualify for the intro bonus.

Redemption options for the Capital One Quicksilver card

After you’ve accumulated some cash back on your Quicksilver card, you have a few different redemption options. There is no minimum amount required to redeem for a statement credit or check, which can be requested for any amount of your available reward balance. If you’d prefer automatic redemptions, you can set a certain time of year or threshold anywhere from $25-$200.

For added flexibility, you can also choose to redeem your cash back for previous purchases or gift cards.

Should you apply for a Capital One Quicksilver card now?

The sign-up bonus for the Quicksilver card is currently the highest it’s ever been and it’s hard to say how long it will be available. If you’ve been considering the Quicksilver card, now is your chance to score a higher-than-usual sign-up bonus. Of course, $50 may not be a big enough change to warrant an application if you’re still unsure about the card.

But with holiday shopping approaching, now can be a great time of year to earn more rewards. Since you only have to spend $500 in three months to earn the $200 intro bonus, you can take advantage of upcoming gift purchases to quickly earn some extra pocket change.

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The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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