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Capital One Quicksilver Card: Earn Simple Cash Rewards

Capital One Quicksilver Cash Rewards Credit Card review
KEY TAKEAWAYS
  • What we think: The Capital One Quicksilver Cash Rewards Credit Card offers an uncomplicated way to earn cash back, but it may not earn as much as some other cards as a result. It’s still a pretty good card overall though, especially if you value simplicity.
  • New Capital One Quicksilver cardholders can earn a welcome bonus of $200 after they spend $500 in the first 3 months of account opening.
  • This card has a 0% intro APR offer on purchases and balance transfers for the first 15 months, then 19.99% to 29.99% variable. Balance transfers made during that time will be subject to a 3% fee, then 4% at a promotional APR that Capital One may offer you at any other time.
  • A credit score of 750 or higher is recommended when applying for this card.
SUMMARY

The Capital One Quicksilver Cash Rewards Credit Card is a cash-back card with a simple structure that makes it easy to earn rewards. It also includes other perks that are good for your wallet, making it a potentially good credit card choice for those who book car rentals and hotels on a regular basis.

Continue reading to learn the benefits, potential drawbacks, rates and fees, and how this card compares to other cards.

Pros & Cons

Pros

  • No annual fee
  • No cap on cash back
  • Intro APR offer

Cons

  • Lower welcome bonus than some cards
  • Lower rewards rate than some cards with specific categories
  • Requires good or excellent credit
Capital One Quicksilver Cash Rewards Credit Card
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Key Information
Earn 1.5% cash back on all purchases and 5% back on hotels and rental cars booked through the Capital One Travel platform. $0 annual fee.

Capital One Quicksilver Cash Rewards Credit Card: Review

Is the Quicksilver Cash Rewards Card worth it?

The Capital One Quicksilver Cash Rewards Credit Card may be worth it if you value simple, straightforward cashback rewards. This card offers rewards with no annual fee, which means if you pay off your balance every statement cycle and avoid other fees, the cashback you earn is like money in your pocket.

This Capital One credit card offers the biggest benefits for those who travel regularly and are willing to book hotel and car rentals through Capital One Travel. An easy-to-earn sign-up bonus and some introductory APR offers also make this card a strong financial tool for those looking to balance credit use with savings and plans to pay off debts quickly.

Capital One Quicksilver Card: Highlights

Who is the Quicksilver Cash Rewards Card best for?

The Capital One Quicksilver Cash Rewards Credit Card is ideal for individuals who prefer a simple, no-fuss cash-back card. It’s best for those who want to earn rewards without keeping track of bonus categories or worrying about an annual fee. It’s also a solid card for international use, as it has no foreign transaction fees.?

Capital One Quicksilver Cash Rewards Credit Card: Rewards

Earning rewards

The Capital One Quicksilver Cash Rewards Credit Card earns:

Redeeming rewards?

You can redeem cash rewards as a statement credit or a check. To do this, you’ll have to make a request via your online account or by calling the customer service number on your credit card. The exception is if you set up automatic redemptions.

In your Capital One mobile app or online portal, you can set rules for automatically redeeming your cashback. You can decide to have all cashback accrued redeemed at a certain point in the year or when your reward amount crosses a minimum threshold.

PayPal account holders may also be able to link their Capital One account to their PayPal account and use rewards to pay for goods via PayPal.

Welcome offer?

New Quicksilver cardholders can earn $200 after spending $500 in the first 3 months after account opening.?

??? See our picks: Best credit card sign up bonuses

Capital One Quicksilver Cash Rewards Credit Card: Benefits

Capital One Quicksilver Cash Rewards Credit Card: The fine print

Fees?

Interest rates?

Credit limit

Capital One bases credit limits on various factors, including the income and credit history of the applicant. In general, the minimum credit limit offered via this card is $750. Individuals with excellent credit histories and the right financial situation may qualify for credit limits as high as $10,000.

As with most other credit cards, you aren’t necessarily stuck with the credit limit you’re initially approved for. Manage your account responsibly, make all payments on time and then reach out in six months to a year to ask whether you can be considered for a credit limit increase.

Capital One Quicksilver Cash Rewards Credit Card: Drawbacks

Low reward rate

While the unlimited 1.5% back on everything is okay, it could be better. Some cards offer a flat rate of 2% back while others offer more bonus categories for earning rewards. If you spend a lot at the grocery store or at restaurants, for example, the Capital One SavorOne Cash Rewards Credit Card earns 3% back in both of those categories and up to 10% back in other categories. If your spending is varied, the Quicksilver may be a good option, but if you can nail down a few specific spending categories, a different card may reward you even better.

??? See our picks: Best rewards credit cards

Few partner benefits

A lot of credit cards, and even others with no annual fee, offer various high-value partner benefits to help further increase the value of your card. The Quicksilver card falls a bit flat. It has up to 6 months of complimentary Uber One membership through 11/14/2024, but that’s about it. Some people don’t even realize or care that their card has partner benefits, and if you’re in that demographic perhaps this doesn’t bother you. But if you like the idea of statement credits or free memberships, a different card may be more up your alley.

How Capital One Quicksilver compares

Capital One Quicksilver Cash Rewards Credit Card vs. Capital One SavorOne Cash Rewards Credit Card

The Capital One SavorOne Cash Rewards Credit Card is another option to consider. It also offers the $200 welcome bonus after you spend $500 in the first three months, doesn’t have an annual fee and includes introductory APR offers.

One of the main differences between the Quicksilver Cash Rewards and SavorOne Cash Rewards cards is how you accumulate cash back.

The Quicksilver card lets you earn 1.5% on everyday purchases and 5% on hotels and rental cars booked through Capital One’s portal. With the SavorOne Cash Rewards card, you earn 1% on everyday purchases and 3% on dining, grocery store spending (excluding superstores like Walmart and Target), streaming service fees and qualifying entertainment expenses. If you want to maximize cash back but don’t travel a lot, the SavorOne card might be a better choice.

??? Read more: Capital One SavorOne Cash Rewards Credit Card review

Capital One Quicksilver Cash Rewards Credit Card vs. Chase Freedom Unlimited?

Both the Chase Freedom Unlimited? card and the Capital One Quicksilver Cash Rewards Credit Card have no annual fee, 5% back on eligible travel, and a fallback rate of 1.5%. The Freedom Unlimited may shine a bit more brightly, however, since it also earns 3% cash back on drugstore purchases and dining at restaurants (including takeout and eligible delivery services).?

On top of that, Freedom Unlimited also offers 3 months of free Instacart+ and a free 3-month DashPass subscription, potentially more valuable than Quicksilver’s up to 6 months of Uber One. A lot of that will depend on which services you can benefit from more.

??? Read more: Chase Freedom Unlimited? review

Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit Card
LEARN MORE on Bankrate's secure site
Key Information
Earn 1.5% cash back on all purchases and 5% back on hotels and rental cars booked through the Capital One Travel platform. $0 annual fee.
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Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card
LEARN MORE on Bankrate's secure site
Key Information
Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart? and Target?), plus 1% back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases. Earn 5% back on hotels and rental cars booked through Capital One Travel. Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024. $0 annual fee.
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Chase Freedom Unlimited?

Chase Freedom Unlimited?
LEARN MORE on Bankrate's secure site
Key Information
Enjoy 6.5% cash back on travel purchased through Chase Travel?, 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel?, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% cash back on all other purchases. $0 annual fee.
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Should I get the Capital One Quicksilver Cash Rewards Credit Card?

If you value simple cash back rewards, don’t want to pay an annual fee, and have a good to excellent credit score, the Capital One Quicksilver Card may be a good fit for you. However, if you’d prefer to earn rewards more generously and are willing to keep track of bonus categories, another card could easily provide more value.

FAQ: Capital One Quicksilver card

Is the Capital One Quicksilver Cash Rewards Credit Card a good credit card?

If you have excellent credit and want a card that offers easy cash rewards perks without an annual fee, the Quicksilver Cash Rewards Credit Card is a good option.

Is the Capital One Quicksilver Cash Rewards Credit Card a Visa or Mastercard?

Currently, the Quicksilver credit card is being issued by Capital One as a Mastercard. However, previous versions of this card were issued as Visa cards. In either case, the cards are accepted widely by merchants around the world and can be used online easily.

Does the Capital One Quicksilver Cash Rewards Credit Card have foreign transaction fees?

No, like all Capital One cards, the Quicksilver card does not charge foreign transaction fees.

What is the highest credit limit for the Capital One Quicksilver Cash Rewards Credit Card?

The highest reported credit limit for this card is $10,000. However, your exact credit limit, if approved, will depend on your credit score and history, income and other outstanding debts.

If you maintain a positive account history, pay your bills on time each month and don’t overrun your current credit limit, you may be able to ask for a credit limit increase after six to 12 months.

Does the Capital One Quicksilver Cash Rewards Credit Card have rental car insurance?

Yes, if you pay for your rental car booking with your credit card, the card offers automatic car rental insurance. This means you can opt not to purchase the additional insurance with the rental car company. Some limitations do apply, though. You must pay for the entire car rental booking with your credit card, and the booking can’t be for more than 15 days.

Is the Capital One Quicksilver Cash Rewards Credit Card accepted at Costco?

As the current version of the Quicksilver is a Mastercard, it is not a payment method accepted in-store at Costco and can only be used online or in the Costco app.

How do I get the Capital One Quicksilver Cash Rewards Credit Card?

You can learn more about the Capital One Quicksilver Cash Rewards Credit Card and apply if you choose to, all from the comfort of your own home.

Capital One uses a pre-approval screening process, so the initial pre-approval app won’t have a negative impact on your credit score by hitting it with a hard inquiry.

However, it is typically recommended to have a credit score on the upper end of good or excellent to be approved for this card. Note, however, that having good credit doesn’t automatically mean you’ll be approved for this card, as Capital One also considers other factors.

Generally, if you don’t have a score of 750 or higher, you may want to look for a card with lower credit score thresholds recommended for approval.

Capital One is more than just a credit card issuer

The first step in growing and maintaining consistent savings is to understand your personal finances through checking and savings accounts, credit cards, and more.

If you want to save and grow your money, consider the following Capital One products:

About the Author

Sarah Stasik
Sarah Stasik Personal Finance

Sarah Stasik is well versed in personal finance thanks to her previous role as a Revenue Cycle Manager for a Fortune 500 healthcare company. Using her inside knowledge and expertise, Sarah often covers topics ranging from insurance and the economics of private healthcare to personal finance and small business management.

With more than a dozen years of writing experience, Sarah has tackled niches that range from technical advances in fintech to personal budgeting challenges. She has covered topics such as insurance and the economics of private healthcare, small business management and accounting, and credit and savings. Her writing focuses on making complex or seemingly daunting financial topics more accessible and providing helpful and relevant resources for readers.

* Opinions expressed here are those of the LA Times Compare Cards Team and have not been reviewed or approved by any advertiser or entities included within this content. See our editorial policy for more details.

All products or services are presented in this content without warranty. The information, including card details such as rates and fees, is accurate at the time of publish. Please visit each bank's website directly for the most current information.

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