Capital One QuicksilverOne Cash Rewards Credit Card Review - Cash Back for All

Rewards credit cards are great for maximizing your earning potential—but it can sometimes be a pain to keep track of rotating categories, spending limits, and redemption options. Enter the Capital One QuicksilverOne Cash Rewards card: with a flat 1.5% cash back rate on all purchases, it’s a card that you can reliably use while on autopilot.
It also comes with plenty of other handy extra features, like fraud coverage and automatic credit line reviews. While it may not be quite as lucrative as some other rewards cards, its refreshing simplicity is more than enough to win over borrowers looking for a straightforward cash back card.

What is the Capital One QuicksilverOne Cash Rewards credit card?

The Capital One QuicksilverOne Cash Rewards credit card is a cash back rewards credit card offered by Capital One. This card features 1.5% cash back on all purchases, with no spending limit. The card comes with an annual fee of $39, and is a good choice for borrowers with good or average credit.

How does the Capital One QuicksilverOne Cash Rewards credit card work?

You can apply for the Capital One QuicksilverOne Cash Rewards card through the Capital One website.
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Capital One gives you the option to see if you’re pre-approved for the credit card without affecting your credit score. You can check your pre-approval for seven different Capital One credit cards at once, which is a great way to check your options if you’re interested in a Capital One card but aren’t sure which ones you qualify for.
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To apply, you’ll need to provide some personal information, including your name, address, birthday, social security number, employment status, income, and monthly rent or mortgage payment.
If you’re pre-approved for the Capital One QuicksilverOne Cash Rewards credit card, you can go ahead and complete your application. While pre-approval isn’t a guarantee that your application will be approved, it usually means that it’s likely. After your account opening, you’ll be able to begin using your card.

How much does the Capital One QuicksilverOne Cash Rewards card cost?

The Capital One QuicksilverOne Cash Rewards card comes with a $39 annual fee. The card has a 26.99% variable APR, and also charges a late payment fee of up to $40, a fee of 3% for balance transfers, and a cash advance fee of 3% of $10, whichever is greater.

Capital One QuicksilverOne Cash Rewards card features

There’s plenty to like about the Capital One QuicksilverOne Cash Rewards card, including card benefits like cash back rewards, automatic credit line reviews, and perks like security alerts and $0 fraud liability.

Cash back rewards

One of the best things about the Capital One QuicksilverOne Cash Rewards card is that it earns a flat 1.5% cash back on all purchases, with no upper limit. Rather than having to worry about categories, spending limits, or min-maxing your redemption options, this credit card offers a refreshingly simple way to earn while you spend. Cash back can be redeemed for cash, a statement credit, or gift cards.

Account management tools

The card issuer makes it easy to manage your account and stay on top of your balance, bills, and more. There’s a handy Capital One mobile app, and account holders can set up alerts and monthly payments on autopay, review spending, and even check their credit score and credit profile through their Capital One account.

Security features

Security features for the Capital One QuicksilverOne Cash Rewards card include automatic security alerts, $0 fraud liability, and the option to lock your card if it’s misplaced, lost, or stolen. Cardholders can also pay for online purchases with virtual card numbers, which can help to protect sensitive credit card information when shopping online.

No foreign transaction fees

Unlike some other credit cards, the Capital One QuicksilverOne Cash Rewards doesn’t charge any foreign transaction fees. This makes it a great option for borrowers who travel frequently or anticipate making purchases in foreign countries.

Automatic credit line increase

Capital One will automatically review your account for credit limit increases. Cardholders can automatically be considered for a higher credit line in as little as six months.

Who is the Capital One QuicksilverOne Cash Rewards card best for?

You want a straightforward cash back card. If you don’t want to have to deal with managing your rewards from a credit card that earns points or miles, a cash back card with a generous flat rate like the Capital One QuicksilverOne Cash Rewards card is a good option.
You have fair to good credit. Unlike many other top-tier rewards credit cards, the Capital One QuicksilverOne Cash Rewards card is available to borrowers with fair to good credit. This means that borrowers with credit scores in the 600s could qualify.

Who shouldn’t use the Capital One QuicksilverOne Cash Rewards?

You want to maximize rewards. While a flat 1.5% cash back rate is nothing to sneeze at, other cards may provide even more opportunities to earn rewards, including rotating bonus categories and higher cash back rates on specific types of purchases.
You don’t want to pay an annual fee. The Capital One QuicksilverOne Cash Rewards card does come with an annual fee of $39. If you’re looking for a truly fee-free card, there are other options available.

Pros & cons

Pros
  • Flat cash back rate. The Capital One QuicksilverOne Cash Rewards card earns a flat-rate of 1.5% cash back on all purchases with no upper spending limit.
  • No foreign transaction fee. You can use this card outside of the United States without incurring a foreign transaction fee.
  • Flexible credit requirements. Unlike many rewards credit cards, you don’t need excellent credit to apply.
Cons
  • Annual fee. The card comes with an annual fee of $39.
  • No welcome bonus. Unlike some other cards, there’s no welcome bonus associated with the Capital One QuicksilverOne Cash Rewards card.
  • High APR. With a variable APR of 26.99%, this card has a higher interest rate than many competitors. There’s also no intro APR, so the regular APR and transfer APR applies to new purchases and transfers immediately.

Capital One QuicksilverOne Cash Rewards vs. competitors

CardRewardsAnnual FeeWelcome Bonus
Capital One QuicksilverOne Cash Rewards1.5% cash back$39None
Chase Freedom Unlimited5% cash back on travel purchased through Chase, 3% cash back on dining and drugstores, 1.5% cash back on everything else$0$200
Citi Double Cash Card2% cash back$0None
Discover It Cash Back5% cash back on rotating categories, 1% cash back on everything else$0None

Chase Freedom Unlimited

If you’re looking for one of the best credit cards that earns cash back and you have excellent credit, the Chase Freedom Unlimited cash back credit card provides even more opportunities to earn. In addition to a flat cash back rewards rate of 1.5%, the card also earns 3% cash back on dining and drugstores and 5% cash back on travel booked through Chase. The card also comes with a $200 welcome bonus and charges no annual fee.

Citi Double Cash Card

What’s better than 1.5% cash back? 2% cash back! The Citi Double Cash Card earns a flat 2% cash back on all purchases—1% when you make a purchase, and 1% when you pay it off. This card charges no annual fee, and also comes with fraud protection and 24 hour customer service.

Discover It Cash Back Card

The Discover It Cash Back Card is another great option if you’re looking for a simple cash back credit card with great flexibility. The card earns 5% cash back on rotating quarterly categories like Amazon, groceries stores, dining, and gas. It also earns a flat 1% cash back on all other purchases. The card has no annual fee, and also features a 2x cash back match at the end of the first year.

FAQs

How hard is it to qualify for the Capital One QuicksilverOne Cash Rewards card?
The card is open to borrowers with fair credit. This means that you could qualify even if you have a less than perfect credit history.
How much can I earn with the Capital One QuicksilverOne Cash Rewards?
How much you earn depends on how much you spend. For example, if you spend $10,000 in a year with your credit card, you’ll earn cash back rewards of $150.
Do Capital One rewards expire?
Rewards from Capital One’s rewards program don’t expire for the life of the account, so as long as your card is still open you’ll be able to redeem rewards. Reaming rewards is easy through your Capital One account.

The bottom line

If you’re looking for a simple cash back credit card with great earning potential, the Capital One QuicksilverOne Cash Rewards card is a great option. The card is available even to borrowers with fair credit, and features a flat cash back rate of 1.5% on all purchases. While it may not be quite as lucrative as some other luxury rewards credit cards, it’s a great card for everyday spending.
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