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Capital One Quicksilver Cash Rewards Credit Card Review

Capital One Venture Rewards Credit Card vs. Capital One Quicksilver Cash Rewards Credit Card
The Capital One Venture Rewards Credit Card has good annual rewards value with no transfer fee at the transfer APR. It’s a good choice if you want to earn travel rewards and want a simple way to redeem them.

The Capital One Quicksilver Cash Rewards Credit Card offers a high flat rewards rate on every purchase you make, plus a long introductory 0% APR promotion on purchases, giving you a chance to save on interest.

The Capital One Venture Rewards Credit Card offers higher rewards earning, while the Capital One Quicksilver Cash Rewards Credit Card gives cardholders access to an introductory APR on purchases.

Capital One Quicksilver Cash Rewards Credit Card vs. Capital One QuicksilverOne Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card offers a high flat rewards rate on every purchase you make, plus a long introductory 0% APR promotion on purchases, giving you a chance to save on interest.

Capital One QuicksilverOne Cash Rewards Credit Card is a rewards card designed for people with limited credit or who are rebuilding credit.

Overall, the Capital One Quicksilver Cash Rewards Credit Card has a higher value, lower fees, a lower minimum APR and the most valuable benefits.

Earning Capital One Quicksilver Cash Rewards Credit Card Rewards

  • Approximate annual rewards value: $276
  • Sign-up bonus value: $200
  • First-year rewards value: $476

The Capital One Quicksilver Cash Rewards Credit Card makes things easy by offering a flat 1.5% cash back on every purchase you make. You don’t have to worry about keeping track of different rewards rates or bonus categories, and there’s no annual fee to eat into the value of the rewards you’re earning. Keep in mind, though, that if you incur interest charges, you may have a harder time getting value out of the card.

Based on average spending data from the U.S. Bureau of Labor Statistics, Capital One Quicksilver Cash Rewards Credit Card holders can earn an estimated $276 each year.

Expenditure Cash back earning rate Annual cash back earned
Groceries 1.5% $66
Dining 1.5% $51
Apparel and services 1.5% $27
Flights and hotels 1.5% $15
Gas 1.5% $30
Entertainment 1.5% $45
Personal care products and services 1.5% $12
All other expenditures 1.5% $30
Total annual cash back $276
Bonus cash back $200
Total first-year value $426

Values for each spending category are based on average data from the 2017 U.S. Bureau of Labor Statistics’ Consumer Expenditure Survey. Each category is rounded to the nearest $100.

As a new cardholder, you can earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. While the bonus isn’t as high as what some other cash back credit cards may offer, it’s relatively easy to get, even for smaller spenders. You just need to spend at least $167 per month to qualify.

Redeeming Capital One Quicksilver Cash Rewards Credit Card Rewards

You can redeem your cash back for any amount and at any time in the form of a statement credit or check as long as your account is active. This kind of flexibility is nice compared with some other cards that may require that you have $25 in accrued rewards before you can access them. If you don’t want to redeem your cash back manually, you can set up automatic redemptions for a particular time of year or once your balance reaches a certain preset amount. You can also redeem your rewards as statement credits for specific purchases and gift cards.

Cardholders get access to exclusive culinary events, special VIP access to concerts and live sporting events, including discounts and on-site perks.

Security Features

For consumer protection, the card offers security alerts, $0 fraud liability, card lock, and credit score monitoring and alerts. Eno, Capital One’s digital assistant, generates virtual card numbers to conceal your card information during online purchases and alerts you if it detects mistakes on your statement such as unexpected transactions or duplicate charges.

APR

The Capital One Quicksilver Cash Rewards Credit Card offers an introductory 0% APR on purchases for 15 months – after which the APR jumps to 15.49% – 25.49% (Variable). The initial promotion can be an excellent feature for cardholders who want to pay down a balance from another credit card or finance a big-ticket item interest-free. After the promotional period, however, the card’s APR is above average for cash back credit cards, according to U.S. News research.

Annual Fee

The Capital One Quicksilver Cash Rewards Credit Card doesn’t charge an annual fee, making it worth considering for people who prefer to avoid annual fees. It also doesn’t charge a foreign transaction fee, making it a perfect travel companion if you’re planning a trip abroad.

Should You Get the Capital One Quicksilver Cash Rewards Credit Card

  • Want a simple cash back rewards program
  • Prioritize having no annual fee
  • Need a long introductory 0% APR promotion
  • Are planning a trip abroad and want no foreign transaction fees

Questions About the Capital One Quicksilver Cash Rewards Credit Card

Q: What is the Capital One Quicksilver Cash Rewards Credit Card?
A: The Capital One Quicksilver Cash Rewards Credit Card is a cash back card with an introductory APR on purchases and no annual fee.

Q: Is the Capital One Quicksilver Cash Rewards Credit Card a good credit card?
A: Consumers seeking a basic cash back card with a 0% introductory APR on purchases with no annual fee may be interested in the Capital One Quicksilver Cash Rewards Credit Card. But those that want to maximize rewards will likely be disappointed.

Q: What is the Capital One Quicksilver Cash Rewards Credit Card credit limit?
A: Capital One doesn’t disclose credit limit ranges. Your Capital One Quicksilver Cash Rewards Credit Card credit limit will be determined by income and other factors.

Q: Does the Capital One Quicksilver Cash Rewards Credit Card have rental car insurance?
A: The Capital One Quicksilver Cash Rewards Credit Card offers an auto rental collision damage waiver when you pay for your car rental with the card.

Q: What is Eno?
A: Eno is Capital One’s digital assistant. The technology monitors your account, provides alerts for suspicious activity, generates virtual card numbers, alerts you when free trial periods end and more.

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