Capital One Quicksilver Cash Rewards Credit Card review - earn 1.5% cash back on everything


Rating as of Aug. 15, 2019 based on a review of services November 15, 2022.

CREDIT SCORE REQUIREMENTS: Credit Score requirements are based on Money Under 30’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for. *Money Under 30 uses a FICO 8 score, which is one of many different types of credit scores. *A creditor may use a different score when deciding whether to approve you for credit. ?
  • Good/
  • Excellent
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850
Our Bottom Line:

Capital One created a great cash back offer with the Capital One Quicksilver Cash Rewards Credit Card. First they hit you with a $200 one-time cash bonus after spending $500 in the first three months, then they provide a 0% intro APR on purchases and balance transfers for 15 months (a variable APR of 17.99% – 27.99% after that); 3% fee on the amounts transferred within the first 15 months) – all for no annual fee.

Intro APR Purchases 0%
Intro Term Purchases for 15 months
Intro APR Balance Transfers 0% intro on balance transfers
Intro Term Balance Transfers for 15 months
Regular APR 17.99% - 27.99% (Variable)
Annual Fee $0
  • Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • $0 annual fee and no foreign transaction fees
  • Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 17.99%-27.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months
Editor's Note - You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article. Opinions are the author's alone. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below.

Capital One offers several strong products that feature bonus rewards for certain purchases, like the Capital One® Savor® Cash Rewards Credit Card and Capital One SavorOne Cash Rewards Credit Card that offer extra cash back for at restaurants, grocery stores and entertainment. But these cards only offer you 1% cash back on non-bonus purchases, and some cardholders want to earn more than that.

If you are looking for a simple card that can offer you competitive rates of cash back on all purchases, then you should take a look at the Capital One Quicksilver Cash Rewards Credit Card.

Capital One Quicksilver Cash Rewards Credit Card key facts

  • Best for those with excellent credit: Only those with excellent credit will qualify. If your credit is less than perfect, here are some credit cards you may want to check out.
  • Introductory offer: New members can earn $200 in cash rewards after spending $500 on purchases within the first three months of opening their account. Additionally, cardholders pay no annual fee
  • Unlimited cash back: With the Capital One Quicksilver Cash Rewards Credit Card, you don’t have to worry about bonus categories or limits on the amount of cash back you can earn.
  • Strong benefits: This card comes with numerous travel insurance and purchase protection benefits.
  • APR: 17.99% - 27.99% (Variable).

Capital One Quicksilver Cash Rewards Credit Card in-depth analysis

If you are looking to find out everything possible about this card, read on to dig deep into the specifications.

Consistent cash back rewards

The Capital One Quicksilver Cash Rewards Credit Card is the card for people who don’t want to have to evaluate the features of all their credit cards, every time they make a purchase. This card simply offers you 1.5% cash back on all purchases, all the time.

How you can redeem cash back

Cash back can be redeemed at any time as statement credits or even as a check. You can even redeem your rewards as statement credits towards specific purchases. Other options include redeeming rewards for gift cards, donations, or transfers to other people’s accounts.

Setting up automatic reward redemptions

You can also set up your account to redeem your cash back automatically in thresholds of $25, $50, $100, and $200.

Points don’t expire

Your rewards never expire and can be redeemed any time your account is in good standing.

Consistent cash back rewards

The Capital One Quicksilver Cash Rewards Credit Card doesn’t just offer you valuable cash back for spending, it also comes with a generous sign-up bonus.

New applicants earn $200 in cash back after making at least $500 in new purchases within three months of account opening. This will give you a jump-start on all the cash back you’ll earn throughout the year.

Interest rates and fees

The standard interest rate for new purchases and balance transfers will be 17.99% - 27.99% (Variable), variable, based on your credit score when you apply.  New cardholders will also earn an impressive 0% intro APR for 15 months on purchases and balance transfers.

The APR for cash advances is 27.99% (Variable).

Other fees

There’s no annual fee for this card and no foreign transaction fees. The cash advance fee is either $10 or 3% of the amount of each cash advance, whichever is greater.

Travel perks

The Capital One Quicksilver Cash Rewards Credit Card includes plenty of valuable travel benefits such as:

  • Auto Rental Collision Damage Waiver*
  • 24-Hour Travel Assistance Services
  • Roadside Assistance

Other benefits

Capital One offers several other benefits, including:

  • Fraud coverage – You’re covered by $0 Fraud Liability if your card is ever lost or stolen.
  • Extended warranty – The extended warranty on purchases offer by Capital One automatically doubles the original manufacturer’s/store’s warranty on eligible purchases.
  • Price Protection – If you find a lower price on a new item within 120 days of purchase, Capital One might reimburse you for the difference
  • Virtual Card Numbers* – Keep your real card number to yourself and shop online more securely with virtual card numbers.
  • Premier Access* – Receive access to tickets to concerts, sporting events, and premier culinary experiences.

*Benefits Disclosure – Benefits noted above with a star designation were researched by MoneyUnder30 and were not provided by Capital One.

How much can I earn using the Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards Credit Card offers unlimited earnings potential, especially if you use this card for all of your purchases. We’ve put together two realistic budgets for you to get a feel for how much value you’ll be able to get if you use the card.

The first budget assumes you charge $1,000 to your card each month. As you can see from the numbers below, between the cash rewards program and the sign-up bonus, you’ll earn a fantastic $330 the first year, and a strong $180 each year after that. This assumes you continue to spend an average of $1,000 per month on the card.

Budget Spender

$1,000 monthly credit card spending

 Earnings after 1 yearEarnings in subsequent years
Total Spending$12,000$12,000
Cash Rewards Earnings$180$180
Sign-Up Bonus$200N/A
Total Earnings$380$180

If you spend more than that, your earnings will only increase. If you charge $2,000 per month to your card, then you’ll earn over $500 in your first year and $360 after that.

Premium Spender

$2,000 monthly credit card spending

 Earnings after 1 yearEarnings in subsequent years
Total Spending$24,000$24,000
Cash Rewards Earnings$360$360
Sign-Up Bonus$200N/A
Total Earnings$560$360

Pros & cons

Pros

  • Earn cash back — You earn 1.5% cash back on all purchases with no limits.
  • Great sign-up bonus — $200 cash back after spending just $500 in new purchases.
  • Low fees — No annual fee or foreign transaction fees.

Cons

  • Excellent credit required — Those with credit problems are unlikely to be approved for a new account.
  • Higher interest rates than average — Like other reward cards, this card will have a higher standard interest rate than similar cards that don’t offer rewards.

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

The Capital One Quicksilver Cash Rewards Credit Card is also offered in a slightly different version, called Capital One QuicksilverOne Cash Rewards Credit Card.

Here’s a quick table that shows the main differences.

 QuicksilverQuicksilverOne
Intro Offer$200 cash bonus after spending $500 on purchases within 3 months.None
Credit LevelExcellentAverage
Purchase Rate17.99% - 27.99% (Variable)28.49% (Variable)
Annual Fee$0$39

As you can see, Capital One QuicksilverOne Cash Rewards Credit Card offers the same 1.5% cash back for all purchases, but you don’t need to have excellent credit to be approved. Also, Capital One QuicksilverOne Cash Rewards Credit Card has no sign-up bonus and it has a $39 annual fee. But if you don’t have perfect credit, then the Capital One QuicksilverOne Cash Rewards Credit Card is an ideal choice.

Should you get the Capital One Quicksilver Cash Rewards Credit Card?

The Capital One Quicksilver Cash Rewards Credit Card has lower rates and fees than the Capital One QuicksilverOne Cash Rewards Credit Card. It also includes a sign-up bonus so it’s the obvious choice if you have excellent credit.

Summary

With the Capital One Quicksilver Cash Rewards Credit Card, you can have it all. You earn a $200 sign-up bonus and an excellent everyday cash rewards program.

If you want to enjoy all these benefits while earning 1.5% cash back on all of your purchases, the Capital One Quicksilver Cash Rewards Credit Card is the only way to go.

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About the author

Total Articles: 35
Jason Steele has been writing about credit cards, travel and personal finance since 2008, and is passionate about using his cards to travel for free. Jason contributes to many of the top personal finance and travel sites and has been widely quoted in mainstream media as a credit card expert. Jason lives in Denver Colorado where he enjoys bicycling, snowboarding and flying. You can follow Jason on Twitter, Facebook or on his website.