Reviews Quicksilver Cash Rewards from Capital One review

Quicksilver Cash Rewards from Capital One review

Published: March 24, 2017
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Ratings Policy
Balance Transfer Rating:
3.4 rating
3.4 rating
3.4 / 5
Introductory Offer: 3.0
Net Value: 4.3
Features: 4.0

In a nutshell:

The Quicksilver Cash Rewards card from Capital One is a strong cash back card for everyday spending, but its standard APR is high and its 9-month interest-free balance transfer transfer offer is well below average for a balance transfer card.

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0% Introductory Period
9 months

Transfer Fee
3%

Introductory Purchase APR
0%

Regular APR
13.49-23.49% (variable)

Annual Fee
$0

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

Cash Back Rating:
3.9 rating
3.9 rating
3.9 / 5
Rewards Value: 3.0
Annual Percentage Rate: 3.0
Rewards Flexibility: 4.1
Features: 4.0

In a nutshell:

Quicksilver Cash Rewards from Capital One is a solid credit card with a 1.5 percent cash back rate and no annual fee.

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Rewards Rate
1.5% cash back on general purchases

Sign-up Bonus
$100 after spending $500 in first 3 months

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$271

APR
13.49-23.49% (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 tracker, Capital One credit tracker, no foreign transaction fee, purchase security, roadside assistance, baggage insurance, travel upgrades and savings, VIP access to events

No Annual Fee Rating:
4 rating
4 rating
4 / 5
Rewards Value: 3.4
Annual Percentage Rate: 3.1
Rewards Flexibility: 4.9
Features: 4.0

In a nutshell:

The Quicksilver card from Capital One combines a flat cash back rate of 1.5 percent with a meaty sign-up bonus, and also comes with a slew of features — including no foreign transaction fees — for an all-around great value as a no-annual-fee card.

Learn more about this card

Rewards Rate
1.5% cash back on general purchases

Sign-up Bonus
$100 after spending $500 in first 3 months

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$271

APR
13.49-23.49% (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 tracker, Capital One credit tracker, no foreign transaction fee, purchase security, roadside assistance, baggage insurance, travel upgrades and savings, VIP access to events

Rewards Rating:
3.6 rating
3.6 rating
3.6 / 5
Rewards Value: 2.4
Annual Percentage Rate: 3.5
Rewards Flexibility: 4.9
Features: 4.0

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 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 general purchases

Sign-up Bonus
$100 after spending $500 in first 3 months

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$271

APR
13.49-23.49% (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 tracker, Capital One credit tracker, 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.

Uber discounts

You will love Quicksilver even more if you are a frequent Uber user. Uber and Capital One have partnered for card members to get every 10th ride free, up to $15, with Quicksilver through March 2017. Any free rides earned may be used through April 30, 2017.

Reasons to sign up for it:

  • 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.
  • You’re an Uber customer who can take advantage of the statement credit.

How to use it:

  • Keep it in your wallet and use it to pay for everything.
  • Set it up as the payment method in your Uber profile to get the automatic 20 percent statement credit on all rides.
  • 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.

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