Capital One QuicksilverOne credit card review

The Capital One QuicksilverOne Cash Rewards Credit Card provides applicants with fair or average credit scores a credit card option with competitive cashback rewards and other benefits. That makes it a good choice compared to other cards with limited rewards and higher fees that are available to consumers with less-than-perfect credit.

Our editorial team has two decades’ experience researching financial products, including the best credit cards. We recommend cards based upon their rewards earn rate, interest rate and fees, and other card member benefits.

Capital One QuicksilverOne Cash Rewards Credit Card

Information about the Capital One QuicksilverOne Cash Rewards Credit Card has been collected independently by Money Under 30. Please confirm terms on the card issuer's website. Offer details verified on Apr. 29, 2024.

Welcome Offer

No welcome offer or sign-up bonus offered.

Rewards

Earn an unlimited 1.5% cash back on all purchases; 5% cash back on hotels and rental cars booked through Capital One Travel.

Annual Fee

$39 annual fee.

Our Thoughts

This is perhaps the best credit card for those with just fair credit that would still like to earn cash back on all their purchases. Cardholders miss out on a sign-up bonus and there's an annual fee, but they also avoid the good to excellent credit requirement that comes with other rewards cards, like with the Quicksilver version.

Key facts

The Capital One QuicksilverOne Cash Rewards Credit Card is for consumers with average-to-good credit: This card is ideal for users who have a good, but not excellent, credit score. For those with a score between 600-699, approved cardholders can take advantage of competitive earn rates and reliable cash back. (Unsure of your credit score? See how to get your free credit score.)

You may be considered for a higher credit line: In as little as six months, you might gain access to a bigger line of credit. These reviews are automatic.

This card has a high APR: Because this card is designed for customers with less than stellar credit, they only offer a single APR that’s considered in the upper end of the industry range. Make sure to pay your card off in full and on time to build your credit score and avoid paying this high APR.

Fees are reasonable: Customers who prefer to avoid unnecessary expenses will enjoy the Capital One QuicksilverOne Cash Rewards Credit Card’s low annual fee relative to other cards available for consumers in this credit range. You’ll be paying $39, which is not too much considering the simple and expansive cash rewards program.

There’s no limit to the rewards you can earn: The Capital One QuicksilverOne Cash Rewards Credit Card awards an unlimited 1.5% earn rate on all purchases; 5% unlimited cash back on hotels and rental cars booked through Capital One Travel.

Better perks than many credit cards available to consumers with less-than-perfect credit: $0 Fraud Liability, Emergency Card Replacement, 24/7 customer service are some of the highlights with this credit card.

Pros & cons

Pros

• You can qualify with average credit — Suited for those with just average credit. Excellent credit is not a prerequisite of qualifying for this credit card.
• Valuable, straightforward earn rates — Straightforward rewards that match up with some Capital One alternatives that require excellent credit.
• No foreign transaction fees — No worrying about paying a foreign transaction fee when you make a purchase outside of the United States.

Cons

• Annual fee — It’s modest, but there is a $39 annual fee for this card.

Detailed review

Cash back

If you’re looking for a no-frills earn rate and straightforward cash back plan, the Capital One QuicksilverOne Cash Rewards Credit Card delivers a great solution.

The card has an earn rate of 1.5% cash back on all purchases, every day. Unlike many competitors, however, there is no limit on how much cash back you can earn for any period, and there’s no rotating categories. Straightforward and easy-to-understand. Furthermore, cardholders are also able to redeem cash back for any amount, at any time.

Plus, note that you do earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, which provides Capital One’s best prices on thousands of trip options. 

The company doesn’t offer an introductory bonus, as it is designed to help users boost their credit scores and practice financial responsibility. Moreover, there’s no need to worry about redeeming your cash rewards in a hurry, as they do not expire as long as your account is active.

Rates and fees

Capital One charges a relatively low annual fee of $39 and a single variable APR that tends to be slightly higher than many of its competitors we’ve looked at in comparison.

Higher credit limit

There are automatic credit line reviews offered with this card. This means you’re automatically considered for a higher credit line in as little as 6 months of being a cardholder.

Benefits and perks

There are attributes, benefits, and perks to be aware of, like CreditWise from Capital One, which provides unlimited access to your credit score and tools to help you monitor your credit profile. That, however, is open to all, even if you’re not a cardholder. Then there’s ‘Tap to Pay,’ both through your mobile wallet and your physical card, which has become commonplace.

It’s a Mastercard, so you can also look into benefits like Mastercard ID Theft Protection™.

So, what deeper details do you need to know? In addition to the cash back earnings, these are the added benefits the Capital One QuicksilverOne Cash Rewards Credit Card rewards customers with if you’re a cardholder.

Fraud coverage: If your card is lost or stolen, you’re not responsible for any associated unauthorized charges with $0 Fraud Liability

Card Lock: You can lock your card in the Capital One Mobile app, which means less of a worry if you misplace your card, or fear it has been stolen.

Security alerts: Text, email, and phone notifications if suspicious transactions are noticed on your account.

Virtual Card Numbers from Eno: If you’re paying for a purchase online and would like to not share your card details, you’re provided with virtual card numbers.

Emergency Card Replacement: A card replacement in an emergency if your card is lost or stolen.

List of Monthly Recurring Transactions: List of merchants that charge your card monthly, like your energy bill or that Netflix subscription. You’ll have 24/7 access to this, so you can keep tabs on them.

And, there’s other benefits like Account Alerts, an Authorized User for your account (that lets you track spending by user), and personalized Account Alerts. These are all backed by helpful 24/7 customer service reps that can assist with any questions or concerns.

Capital One QuicksilverOne vs Quicksilver

If you have a credit score that ranges up to excellent, then you may want to consider other top Capital One credit cards.

The Capital One Quicksilver Cash Rewards Credit Card  is a no-annual-fee credit card with a mix of travel-related and everyday benefits to make it great for daily use, but there’s a credit requirement difference. You’ll need good to excellent credit to qualify for this card, with the best interest rates reserved for those with excellent credit. There’s a 0% intro APR on purchases for 15 months & 0% intro APR on balance transfers for 15 months .

There is a sign-up bonus: $200 cash bonus once you spend $500 on purchases within 3 months from account opening. And, you’ll earn the same level of cash back rewards: unlimited 1.5% cash back on every purchase, plus 5% unlimited cash back on hotels and rental cars booked through Capital One Travel. All, again, with no annual fee here.

You’ll just need the credit difference, so if you only hold average credit, then paying admission for the Capital One QuicksilverOne Cash Rewards Credit Card even without an introductory offer may ultimately be the option for you.