angle-up angle-down

Capital One® Quicksilver® Cash Rewards Credit Card review

Published: November 13, 2018

Partner Offer: carefully review product terms on Capital One's site before applying

Apply Now
Published: November 13, 2018

Partner Offer: carefully review product terms on Capital One's site before applying

Apply Now
Ratings Policy
Balance Transfer Rating:
3.9 rating
3.9 rating
3.9 / 5
Introductory Offer: 3.9
Net Value: 3.4
Features: 4.0

In a Nutshell:

Cardholders who transfer a balance to the Capital One Quicksilver card may enjoy the card’s long 15-month 0-percent introductory period as well as its strong cash back program.

Learn more about this card

Introductory Balance Transfer APR
0% for 15 months

Transfer Fee
3%

Introductory Purchase APR
0% for 15 months

Regular APR
14.74-24.74% (variable)

Annual Fee
$0

Other Notable Features: Free credit score monitoring with CreditWise, no foreign transaction fee, purchase security, roadside assistance, baggage insurance, travel upgrades and savings, VIP access to events

Low Interest Rating:
3.9 rating
3.9 rating
3.9 / 5
Rates, Fees, Penalties: 3.8
Rewards: 3.0
Features: 5.0

In a Nutshell:

The Capital One Quicksilver Cash Rewards credit card is a good option for saving on interest, due to a long 15-month 0-percent introductory APR on balance transfers and new purchases.

Learn more about this card

Regular APR
14.74-24.74% (variable)

Introductory Purchase APR
0% for 15 months

Introductory Balance Transfer APR
0% for 15 months

Fees

  • No annual fee
  • 3% balance transfer fee (or $10, whichever is greater)
  • No foreign transaction fee
  • 3% cash advance fee

Penalties

  • Up to $38 late payment fee
  • No penalty APR
  • No returned payment fee

Other Notable Features: Free credit score monitoring with CreditWise, no foreign transaction fee, purchase security, roadside assistance, baggage insurance, travel upgrades and savings, VIP access to events

Rewards Rating:
3.4 rating
3.4 rating
3.4 / 5
Rewards Value: 2.3
Annual Percentage Rate: 3.6
Rewards Flexibility: 4.9
Features: 3.0

In a Nutshell:

With a decent sign-up bonus, unlimited 1.5 percent cash back offer on every purchase and few restrictions on redemption, the Quicksilver Cash Rewards card offers a fair amount of value; but it doesn’t offer nearly as much cash back as other cards.

Learn more about this card

Rewards Rate
1.5% cash back on every purchase

Sign-up Bonus
$150 after spending $500 in first 3 months

Annual Bonus
None

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$288

APR
14.74-24.74% (variable)

Rewards Redemption
Pros

  • Redeem for any amount, any time
  • Redeem for statement credits, checks, gift cards and more
  • Automatic redemption option
  • Redeem for previous purchases

Cons

  • There are other credit cards that offer better returns

Other Notable Features: Free credit score monitoring with CreditWise, no foreign transaction fee, purchase security, roadside assistance, baggage insurance, travel upgrades and savings, VIP access to events

Quicksilver Cash Rewards is easy to use, and there are no limitations on earning or redemption. You can spend money on anything and redeem points for a check or a statement credit. You will always get 1.5 percent cash back on any charge. If you hate to keep track of quarterly rotating bonus categories and are willing to sacrifice a few dollars here and there for the sake of simplicity, you will love Quicksilver from Capital One.

Of course there are trade-offs. You can earn considerably higher rewards with some cash back or points cards when you use them at the right place at the right time. However, if you want just one cash back credit card that allows you to accumulate substantial rewards without having to open a spreadsheet every time you make a purchase, Quicksilver is right for you.

Simple and steady

While there are credit cards that offer up to 5 percent cash back on rotating categories, taking advantage of these offers often requires jumping through hoops. You must remember to activate the bonus, use different credit cards for different purchases, and make sure you don’t reach the limit where your bonus rate drops to 1 percent cash back. In addition, there is usually an annual fee. While these cards can be a great way to earn money by buying something you need anyway, Quicksilver offers an attractive and easy alternative that still pays more than most rewards cards.

Extra-large one-time bonus

The Quicksilver Cash Rewards currently offers $150 for signing up for the card and spending $500 in the first 3 months. While the number of cards that offer a flat 1.5 cash back rate has proliferated in recent times, few offer such a generous sign-up bonus.

On top of the large bonus, Quicksilver also makes it simple and seamless to redeem your rewards. You can redeem any amount of cash back at any time, and you can even opt to have your rewards automatically credited to your account and sent to you as a check.

Why get the Capital One Quicksilver Cash Rewards credit card?

  • You prefer a cash back card with no annual fee that also offers a higher-than-usual rewards rate and a large sign-up bonus.
  • You want cash rewards that are simple to earn and redeem.

How to use the Capital One Quicksilver Cash Rewards credit card:

  • Keep it in your wallet and use it to pay for everything.
  • If you want to use the 0-percent balance transfer offer, don’t treat Quicksilver from Capital One as a reward credit card – you may end up making new debts instead of repaying old ones.

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. It is not our partner’s responsibility to ensure all posts or questions are answered.

Partner Offer: carefully review product terms on Capital One's site before applying

Apply Now