Capital One QuicksilverOne Cash Rewards Credit Card Review
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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 Credit Card with a flat 1.5% cash back rate on all purchases; it’s a card you can reliably use while on autopilot.
It includes plenty of other 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.
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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 every purchase, every day. The card comes with an annual fee of $39 and is a good choice for borrowers with good or average credit.
Raise Your Credit 80 points*
- 5 star service trusted by over 450,000 members
- Have processed over $11,000,000 in bill payments for members
- No deposit, no credit check, no interest
- New member promotions available
*Potential increase based on StellarFi member data. StellarFi numbers observed an average of 80 points VantageScore® 3.0 increase during a member’s lifetime. Score increase based on members with an incoming score range of 300-499 pts, who made regular on-time payments, with regular on-time payments. Results may vary.
How does the Capital One QuicksilverOne Cash Rewards Credit Card work?
You can apply for the Capital One QuicksilverOne Cash Rewards Credit Card through the Capital One website.
Capital One allows you 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.
To apply, you’ll need to provide personal information, including your name, address, birthday, social security number, employment status, income, and monthly rent or mortgage payment.
You can complete your application if you’re pre-approved for the Capital One QuicksilverOne Cash Rewards Credit Card. While pre-approval isn’t a guarantee that your application will be approved, it usually means it’s likely. After your account opens, you can begin using your card.
How much does the Capital One QuicksilverOne Cash Rewards Credit Card cost?
The Capital One QuicksilverOne Cash Rewards Credit Card has a $39 annual fee. The card has a 29.99% APR and also charges a late payment fee of Up to $40.
Capital One QuicksilverOne Cash Rewards Credit Card features
There’s plenty to like about the Capital One QuicksilverOne Cash Rewards Credit 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 Credit Card is that it earns a flat 1.5% Cash Back on every purchase, every day. Rather than worrying 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. 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 Credit 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 other credit cards, the Capital One QuicksilverOne Cash Rewards Credit Card doesn’t charge foreign transaction fees. This makes it a great option for borrowers who travel frequently or anticipate purchasing 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.
Raise Your Credit 80 points*
- 5 star service trusted by over 450,000 members
- Have processed over $11,000,000 in bill payments for members
- No deposit, no credit check, no interest
- New member promotions available
*Potential increase based on StellarFi member data. StellarFi numbers observed an average of 80 points VantageScore® 3.0 increase during a member’s lifetime. Score increase based on members with an incoming score range of 300-499 pts, who made regular on-time payments, with regular on-time payments. Results may vary.
Who is the Capital One QuicksilverOne Cash Rewards Credit Card best for?
You want a straightforward cash-back card. If you don’t want to manage 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 Credit 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 Credit 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 Credit Card?
You want to maximize rewards. While a flat 1.5% Cash Back on every purchase, every day 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 Credit Card does come with an annual fee of $39. Other options are available if you’re looking for a truly fee-free card.
Pros and 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. 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
Card | Rewards | Annual Fee | APR |
Capital One QuicksilverOne Cash Rewards Credit Card | 1.5 % Cash Back on every purchase, every day. 5 % Cash Back on hotels and rental cars booked through Capital One Travel (terms apply). | $39 | 29.99% |
Chase Freedom Unlimited® | Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases | $0 | 20.49% - 29.24% |
Citi Double Cash® Card | Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24. | $0 | 19.24% - 29.24% |
Discover it Cash Back | 2% cash back on gas stations and restaurants, 1% cash back on everything else | $0 | 17.24% to 28.24% |
Chase Freedom Unlimited®
Chase Freedom Unlimited®
Card Name
Chase Freedom Unlimited®
APR
20.49% - 29.24%
Recommended Credit Score
Excellent, Good
Annual Fee
$0
Special Offer
Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year)
Special Offer Terms
— worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel℠, 4.5% on dining and drugstores, and 3% on all other purchases.
Rewards Rate
Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases
Terms
Why We Like It
- Higher cash back on travel purchased through Chase Ultimate Rewards®.
- No minimum to redeem for cash back.
- No annual fee.
- Monitor your credit for free access using Chase Credit Journey.
Citi Double Cash® Card
Citi Double Cash® Card
Card Name
Citi Double Cash® Card
APR
19.24% - 29.24%
Recommended Credit Score
Excellent, Good, Fair
Annual Fee
$0
Special Offer
Earn $200 cash back
Special Offer Terms
after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
Rewards Rate
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
Terms
Why We Like It
- Unlimited cash back earned on every dollar spent.
- Earn cash back when paying your bills on time.
- Intro 0% on balance transfers for 18 months (after which is an ongoing APR of 19.24% - 29.24%)
Discover it® Cash Back
Discover it® Cash Back Card
Card Name
Discover it® Cash Back Card
APR
18.24% - 27.24%
Recommended Credit Score
670 to 850
Annual Fee
$0
Special Offer Terms
0% intro APR for 15 months from date of account opening.
Intro Offer
0% Intro APR for 15 months on purchases and balance transfers and 3% Intro Balance Transfer Fee until November 10, 2023.
Rewards Rate
Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations, up to the quarterly maximum when you activate. Earn 1% cash back on all other purchases – automatically. Unlimited Cashback Match.
Why We Like It
- No annual fee.
- Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com,4 grocery stores, restaurants, gas stations, up to the quarterly maximum when you activate.
- Get an unlimited dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
Raise Your Credit 80 points*
- 5 star service trusted by over 450,000 members
- Have processed over $11,000,000 in bill payments for members
- No deposit, no credit check, no interest
- New member promotions available
*Potential increase based on StellarFi member data. StellarFi numbers observed an average of 80 points VantageScore® 3.0 increase during a member’s lifetime. Score increase based on members with an incoming score range of 300-499 pts, who made regular on-time payments, with regular on-time payments. Results may vary.
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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JoyWallet has partnered with CardRatings for our coverage of credit card products. JoyWallet and CardRatings may receive a commission from card issuers.
Writer
Margaret Wack covers personal finance and small business and has appeared on MoneyUnder30, The Simple Dollar and Interest.com.
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