Capital One Quicksilver Cash Rewards Credit Card — Full Review [2023]

Great Card If

• You want a no-annual-fee credit card
• You are looking for a simple, easy-to-understand rewards program

Don’t Get If

• You prefer to earn travel rewards
• You want to earn more than 1.5% cash-back in some spending categories

Welcome Bonus and Cash-back Rate

The welcome bonus for the Quicksilver card is shown at the top of the page under the card snapshot. Simply spend the required amount in the time allotted to earn bonus cash-back!

Then, earn unlimited 1.5% cash-back for every dollar you spend with the card. Cash-back is redeemable at any time, and rewards never expire!

It’s just that simple.

Quicksilver Card Benefits

Nobody likes paying fees, and the Quicksilver card makes things simple. There’s no annual fee and no foreign transaction fees!

Intro APR Offers

Have you had your eye on a new washing machine? Is it time to replace your dishwasher? This card’s intro APR gives you a great opportunity to make a large purchase and spread out the payments without incurring hefty interest.

Then, you can pay off some of the purchase with the cash-back earned. Of course, you never want to make a purchase just to get the introductory APR offer.

Only buy what you really need, and always keep up with the payments. If your balance isn’t paid off when the introductory APR expires, you’ll be charged interest way back to the time of purchase!

Best Way To Redeem Capital One Cash-Back Rewards

You have 2 options for redeeming cash-back for the most value: a check or statement credit. Just request your cash-back whenever you’re ready.

If you want to redeem cash-back from your Quicksilver card without having to think about it, you can arrange for automatic redemption at capitalone.com or by contacting the Rewards Center.

Select a date on the calendar, or set it up to issue when you reach a specific threshold ($25, $50, $100, or $200).

Even if you elect to use automatic redemptions, you can still request cash-back at any time. Also, you can always change your automatic redemption preference for the following month.

Other Redemptions

You can redeem the cash-back earned for gift cards and merchandise at capitalone.com and the Rewards Center.

When your eligible card is linked to PayPal, you can checkout with PayPal and redeem your cash-back at a rate of $1 to $1.

However, we don’t recommend this since the cash-back is valued at a lot less for these redemptions.

Best Way To Maximize Capital One Cash-back Rewards

Here are some tips for maximizing your cash-back with the Quicksilver card:

Tip #1: Spend the required amount in the allotted time to earn the sign-up bonus, one of the easiest and best ways to get value from the card.

Tip #2: As we mentioned earlier, combine credit cards to get the most value for your purchases.

Use cards that earn more for certain categories, and then put everything else on the Capital One card.

Tip #3: If you have more than 1 Capital One account, you may be able to transfer rewards between them. Then, you can get more cash-back at one time!

Tip #4: Always pay your bill on time. Otherwise, you won’t be able to redeem cash-back for that billing cycle.

Tip #5: Add family members to your card as authorized users to earn cash-back on all of their purchases as well! As an added bonus, they will improve their credit scores!

Alternative Cards to the Quicksilver Card

The card certainly makes earning cash-back easy. Unlike many cards, you don’t have to follow along with changing categories or maximum earnings because it’s 1.5% cash-back all the time.

Unfortunately for some cardmembers, this could also be a drawback: you can’t earn any more than 1.5% cash-back.

For instance, the Blue Cash Everyday® Card from American Express offers 3% cash-back on U.S. supermarket purchases up to $6,000, plus an unlimited 2% cash-back on purchases at U.S. gas stations and U.S. department stores. All other purchases earn 1%.

One solution is to use the Amex Blue Cash Everyday card for the higher earnings categories, and the Quicksilver card for everything else.

However, if you prefer a simple rewards card, then earning 1.5% cash-back across the board may be just fine!

Also, note that you’ll need excellent credit to qualify for the Amex Blue Cash Everyday card.

If your credit is average, then you could consider the Quicksilver card. You’ll still get 1.5% cash-back on all purchases, there’s a small sign-up bonus, and the annual fee is $39.

You may also get a lower credit line, however, after making your first 5 monthly payments on time, you can get access to a higher credit line.

Bottom Line: Some may find the 1.5% cash-back maximum on the Quicksilver card a bit low if you spend higher amounts in categories where other cards would earn 2% or more cash-back.

We’ve also compared the Quicksilver card to some other popular cards:

• Capital One Venture Rewards Credit Card vs. Quicksilver Card
• Capital One Platinum Credit Card vs. Quicksilver Card
• Quicksilver Card vs. Chase Freedom Unlimited®

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

The information regarding the Capital One Venture Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One QuicksilverOne Cash Rewards Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

For rates and fees of the Blue Cash Everyday® from American Express, click here.