Capital One Quicksilver Cash Rewards Credit Card Review
One-time $200 cash bonus after you spend $500 on purchases within three months from account opening.
One of the most frustrating things about credit card rewards is trying to remember which card offers extra points or cash back on different purchases. It’s nice being able to earn bonuses, but for anyone just getting started with reward cards, all the categories and restrictions can be quite overwhelming. If you want a credit card that doesn’t come with all the hassles, then take a look at the Capital One Quicksilver Cash Rewards Credit Card.
What You Get
With the Capital One Quicksilver Card you will receive a flat 1.5% cash back on any purchase that you make. With no limits each year on the cash back that you can earn, your reward potential is unlimited. This is a pretty nice perk for being a no annual fee credit card. You can also earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
New cardholders have the opportunity to earn a $200 cash bonus after spending $500 within 3 months from account opening. In addition, there is an introductory APR of 0% on purchases and balance transfers during the first 15 months (then a 19.24% - 29.24% variable APR after that). There is a 3% fee on transfers made within the first 15 months.
And through November 14, 2024, cardholders receive up to 6 months of complimentary Uber One membership statement credits.
If you are planning to travel outside the U.S., then the Capital One Quicksilver Cash Rewards Credit Card is the perfect card to have in your wallet because it offers no foreign transaction fees.
One feature that a lot of current cardholders really find useful is that you can redeem cash back rewards at any threshold. No need to wait until you reach a certain level — you can cash out at any time for a statement credit, gift card or a check.
What You Don’t Get
While a flat 1.5% cash back is appealing for a lot of people, it’s certainly not the best offer on the market. If you don’t mind keeping track of bonus categories that rotate each quarter, then you could potentially find other cash back cards more valuable. Also if you spend a lot of money each month in one particular category, like groceries or gas, then there are other cards that can earn more than just 1.5% back.
Quicksilver vs. QuicksilverOne
In addition to the Capital One Quicksilver Card, Capital One also has the Capital One QuicksilverOne Cash Rewards Credit Card card. Most of the features are the same, but there are a few differences. The Capital One QuicksilverOne Cash Rewards Credit Card does not offer a sign-up bonus and comes with a $39 annual fee. The Capital One Quicksilver Card requires an excellent credit score, but the Capital One QuicksilverOne Cash Rewards Credit Card card only requires an average score. Just be prepared to have a much higher interest rate.
If you are looking for a cash back card with above average rewards, but without the need to keep track of rotating bonus categories, then the Capital One Quicksilver Card might be perfect for you. Its generous sign-up bonus and no annual fee make it a pretty attractive choice.
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.