Reviews Quicksilver Cash Rewards from Capital One review

Quicksilver Cash Rewards from Capital One review

Published: August 15, 2017
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Balance Transfer Rating:
3.2 rating
3.2 rating
3.2 / 5
Introductory Offer: 2.8
Net Value: 4.2
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
13.99-23.99% (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: 3.2
Annual Percentage Rate: 3.3
Rewards Flexibility: 4.8
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
$150 after spending $500 in first 3 months

Annual Fee
$0

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

APR
13.99-23.99% (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:
4.1 rating
4.1 rating
4.1 / 5
Rewards Value: 3.5
Annual Percentage Rate: 3.3
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.

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Rewards Rate
1.5% cash back on general purchases

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

Annual Fee
$0

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

APR
13.99-23.99% (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:
3.7 rating
3.7 rating
3.7 / 5
Rewards Value: 2.8
Annual Percentage Rate: 3.3
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
$150 after spending $500 in first 3 months

Annual Fee
$0

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

APR
13.99-23.99% (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.

Extra-large sign-up 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.

Spotify discount
If you are a Spotify subscriber or are thinking of subscribing to Spotify’s premium service,  the Quicksilver card is currently offering a significant discount on Spotify. Now until April 2018, you can get a 50 percent discount on Spotify Premium if you use the Quicksilver card to pay for you monthly subscription. All you need to do is link your Spotify account to your Quicksilver card, and Capital One will automatically apply the discount as a statement credit each month.

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.

How to use it:

  • 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.
  • Link your Spotify account to your Quicksilver card to receive a 50 percent discount on your monthly Spotify Premium subscription.

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