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September 21, 2017

Capital One Quicksilver Review

Editorial Note: This content is not provided by the card issuer. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer.
This article contains references to products from our partners. We receive compensation if you apply or shop through links in our content. You help support CreditDonkey by reading our website and using our links. (read more)

Capital One Quicksilver offers unlimited 1.5% cash back with no rotating bonus categories or annual fees. Read on to find out if it's worth having.

Learn More

Overall Score

4.0

Rewards

4.0

Interest Rates

4.0

Fees

4.5

Benefits

3.5
5-point scale (the higher, the better)

Pros and Cons

  • 1.5% Cash Back
  • $150 Bonus
  • Intro APR
  • No Bonus Categories
  • No Travel Transfer Opportunities

Bottom Line

Good cash back credit card for non-travelers

10 Reasons to Get the Card

We've highlighted 10 reasons why you'd want to use the Quicksilver card:

  1. $150 bonus: The Quicksilver card gives you a $150 cash back bonus when you spend $500 in the first three months. That's a much lower minimum spending limit compared to what some other cash back cards require for their bonuses.

  2. Unlimited 1.5% cash back: Unlike other cash back cards that require you to sign up for bonus categories, the Quicksilver card pays a flat 1.5% cash back on every dollar you spend. There's no limit to how much you can earn.

  3. 0% APR promotion: This card offers 0% interest on purchases and balance transfers for 9 months. After that, the variable APR ranges from 13.99% to 23.99% based on your credit. This is good if you're planning to buy something big or trying to consolidate your debt.

    Note: Keep in mind there is a 3% balance transfer fee.

  4. No annual fee: The Quicksilver card has no annual fee. You can earn rewards without paying an annual fee to use it.

  5. No foreign transaction fee: You can take this card on vacation without worrying about the extra 3% foreign transaction fee that many other cards impose for purchases abroad.

  6. No rewards expiration dates: Your Quicksilver cash back rewards never expire as long as your account remains open and in good standing. That way, there's no pressure to use them right away and you can let your rewards pile up.

  7. Flexible redemption options: You can redeem your Quicksilver rewards a few different ways. You can get cash back in the form of a paper check or statement credit. Or you can get credit against previous purchases or swap it for a gift card.

  8. Visa Signature benefits: If you're approved for the Visa Signature version of this card (usually credit limits of $5,000 or higher), you'll get the full Visa Signature benefits package. This includes things like concierge service, 24-hour travel assistance, rental car insurance, and extended warranty protection.

  9. Spotify Premium discount: Through April 2018, you'll get 50% back on your Spotify Premium subscription charged to your card.

  10. Access to credit score tracker tool: Capital One's CreditWise allows you to monitor your credit report and get updated credit scores. There's also a simulator that tells you how your score will be impacted by financial decisions.

3 Reasons to Consider Other Cards

The Quicksilver card has a lot to offer, but there are a few reasons why you might want to choose a different card instead.

  • Your credit is not that great: Usually, you'll need excellent credit to qualify for this card. If you're working on building credit or you've had a few bumps because of late payments, the Quicksilver card probably isn't going to be a great fit.

    Tip: Capital One also offers the QuicksilverOne card for those with fair/average credit. It also pays 1.5% back on purchases, but it comes with a $39 annual fee. You'll also miss out on a sign-on bonus.

  • You want bigger rewards: Earning 1.5% cash back is decent, but you can find other cards that offer a lot more cash back, depending on the type of purchase. Some cards offer 5% cash back for purchases in bonus categories. That may be better for you if your top priority is pumping up your rewards.

  • You travel frequently: You're not going to get as much mileage out of your Quicksilver rewards compared to cards specifically geared towards travelers. While you can apply your cash back as a statement credit to cover travel expenses, you can't transfer this card's rewards to frequent flyer or hotel programs.

How It Compares

With so many rewards cards out there, narrowing down the field is tough. Even though two cards may look similar, it pays to take a closer look at their differences to find the right one. To finish up our Quicksilver review, we'll compare it against other popular credit cards.

If you like to travel: Capital One Venture Rewards
Capital One Venture is for those who want to score miles for future travel and don't mind paying an annual fee.

 

Capital One® Quicksilver® Cash Rewards Credit Card

Capital One® Venture® Rewards Credit Card

 

Interest Rates and Fees

Introductory APR for Purchases0% intro on purchases for 9 monthsN/A
Introductory APR for Balance Transfers0% intro on balance transfers for 9 monthsN/A
Purchase APR13.99% to 23.99% (Variable) based on your creditworthiness and other factors13.99% to 23.99% (Variable) based on your creditworthiness and other factors
Balance Transfers APR13.99% to 23.99% (Variable) based on your creditworthiness and other factors13.99% to 23.99% (Variable) based on your creditworthiness and other factors
Balance Transfer Fee3% of the amount of each transfer that posts to your account within the first 9 months.No balance transfer fee
Annual Fee$0 annual fee$0 intro annual fee for first year; $95 after that
 

Benefits and Features

Introductory Bonus Cash BackIntroductory Bonus Cash Back: Earn a one-time $150 bonus if you spend $500 on purchases within three months of account opening. 
Introductory Bonus Airline Rewards Introductory Bonus Airline Rewards: Earn a one-time bonus of 50,000 miles if you spend $3,000 on purchases within three months of account opening (worth $500 in travel).
Cash Back RewardsCash Back Rewards: Earn 1.5% cash back on every purchase 
Travel Rewards Travel Rewards: Earn 2x miles per dollar on all purchases. Redeem your miles for travel purchases on any airline, hotel, or car rental.
Airline Rewards Airline Rewards: Earn 2x miles per dollar on all purchases
 Learn MoreLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Capital One Quicksilver: Pricing information including interest rates, rewards, benefits and fees was obtained on July 19, 2017 from published websites and is believed to be accurate, but not guaranteed.

Capital One Venture: Pricing information including interest rates, rewards, benefits and fees was obtained on October 17, 2017 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Capital One® Quicksilver® Cash Rewards Credit Card and Capital One® Venture® Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Like the Quicksilver, this card has no foreign transaction fees. But it does have a downside: The card doesn't come with a 0% APR promotional rate, so you may want to take a pass on this one if you need to transfer a balance or you don't plan on paying in full right away.

You might also be interested in Capital One Quicksilver vs Chase Sapphire.

If you want consistent cash back: Chase Freedom Unlimited

 

Capital One® Quicksilver® Cash Rewards Credit Card

Chase Freedom Unlimited®

 

Summary

 

  • Unlimited 1.5% cash back on every purchase — it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
 

Interest Rates and Fees

Introductory APR for Purchases0% intro on purchases for 9 months0% introductory APR for 15 months
Introductory APR for Balance Transfers0% intro on balance transfers for 9 months0% introductory APR for 15 months
Purchase APR13.99% to 23.99% (Variable) based on your creditworthiness and other factors15.99% to 24.74% Variable based on your creditworthiness and other factors
Balance Transfers APR13.99% to 23.99% (Variable) based on your creditworthiness and other factors15.99% to 24.74% Variable based on your creditworthiness and other factors
Foreign Transaction FeeNo foreign transaction fee3% of each transaction in U.S. dollars
Annual Fee$0 annual fee$0 annual fee
 

Benefits and Features

Introductory Bonus Cash BackIntroductory Bonus Cash Back: Earn a one-time $150 bonus if you spend $500 on purchases within three months of account opening.Introductory Bonus Cash Back: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Cash Back RewardsCash Back Rewards: Earn 1.5% cash back on every purchaseCash Back Rewards: Unlimited 1.5% cash back on every purchase - it's automatic!
 Learn MoreApply Now

Capital One Quicksilver: Pricing information including interest rates, rewards, benefits and fees was obtained on July 19, 2017 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Capital One® Quicksilver® Cash Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Tip: Another good thing about the Chase Freedom Unlimited is that you earn rewards in the form of Ultimate Rewards points. You can transfer your points to a Chase Sapphire Preferred card, which will allow you to book travel at a discount or transfer to Chase travel partners.

If you want rotating bonus categories: Discover it
The Discover it card gives you 5% cash back on up to $1,500 in purchases in quarterly rotating categories. Everything else you charge earns 1% back. As a nice little extra promotion, Discover will double all the cash back you earn in the first year when you open a new account. Plus, there's no annual fee, no foreign transaction fee, no overlimit fees and no late fee the first time you miss a payment.

 

Capital One® Quicksilver® Cash Rewards Credit Card

Discover it® - Cashback Match™

 

Interest Rates and Fees

Introductory APR for Purchases0% intro on purchases for 9 months0% introductory APR for 14 months
Introductory APR for Balance Transfers0% intro on balance transfers for 9 months0% introductory APR for 14 months
Purchase APR13.99% to 23.99% (Variable) based on your creditworthiness and other factors11.99% to 23.99% Variable* based on your creditworthiness and other factors
Balance Transfers APR13.99% to 23.99% (Variable) based on your creditworthiness and other factors11.99% to 23.99% Variable* based on your creditworthiness and other factors
Annual Fee$0 annual fee$0 annual fee
 

Benefits and Features

Introductory Bonus Cash BackIntroductory Bonus Cash Back: Earn a one-time $150 bonus if you spend $500 on purchases within three months of account opening.Introductory Bonus Cash Back: Discover will match all the cash back you've earned at the end of your first year (only for new cardmembers).
Cash Back RewardsCash Back Rewards: Earn 1.5% cash back on every purchaseCash Back Rewards: 1% cash back on all other purchases.
Bonus Cash Back Bonus Cash Back: 5% cash back on up to $1,500 in purchases in rotating categories that change each quarter (requires free and easy sign-up for 5% Cashback Bonus)*
Limitations apply*. See issuer's website for additional program details.
Bonus Categories for 2017:
January - March 2017: 5% on up to $1,500 in purchases at Gas Stations, Ground Transportation & Wholesale Clubs
April - June 2017: 5% on up to $1,500 in purchases at Home Improvement Stores and Wholesale Clubs
July - September 2017: 5% on up to $1,500 in purchases at Restaurants
October - December 2017: 5% on up to $1,500 in purchases at Amazon.com & Target
 Learn MoreLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Capital One Quicksilver: Pricing information including interest rates, rewards, benefits and fees was obtained on July 19, 2017 from published websites and is believed to be accurate, but not guaranteed.

Discover It: Pricing information including interest rates, rewards, benefits and fees was obtained on July 3, 2017 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Capital One® Quicksilver® Cash Rewards Credit Card and Discover it® - Cashback Match™ has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

If your credit score isn't great: Capital One Platinum
If your credit score is stuck in the average range, the Platinum card from Capital One can help give it a boost with responsible credit usage. There are no rewards, but it also has no annual fee. You get free access to the CreditWise tool to see how your score is improving from month to month.

 

Capital One® Quicksilver® Cash Rewards Credit Card

Capital One® Platinum Credit Card

 

Interest Rates and Fees

Introductory APR for Purchases0% intro on purchases for 9 monthsN/A
Introductory APR for Balance Transfers0% intro on balance transfers for 9 monthsN/A
Purchase APR13.99% to 23.99% (Variable) based on your creditworthiness and other factors24.99% (Variable) based on your creditworthiness and other factors
Balance Transfers APR13.99% to 23.99% (Variable) based on your creditworthiness and other factors24.99% (Variable) based on your creditworthiness and other factors
Balance Transfer Fee3% of the amount of each transfer that posts to your account within the first 9 months.No balance transfer fee
Annual Fee$0 annual fee$0 annual fee
 

Benefits and Features

Introductory Bonus Cash BackIntroductory Bonus Cash Back: Earn a one-time $150 bonus if you spend $500 on purchases within three months of account opening. 
Cash Back RewardsCash Back Rewards: Earn 1.5% cash back on every purchase 
 Learn MoreLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Capital One Quicksilver: Pricing information including interest rates, rewards, benefits and fees was obtained on July 19, 2017 from published websites and is believed to be accurate, but not guaranteed.

Capital One Platinum: Pricing information including interest rates, rewards, benefits and fees was obtained on October 22, 2016 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Capital One® Quicksilver® Cash Rewards Credit Card and Capital One® Platinum Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

If you want to earn cash back twice: Citi Double Cash
If you're good about making payments in full, you may favor the Citi Double Cash.

 

Capital One® Quicksilver® Cash Rewards Credit Card

Citi® Double Cash Card

 

Interest Rates and Fees

Introductory APR for Purchases0% intro on purchases for 9 monthsN/A
Introductory APR for Balance Transfers0% intro on balance transfers for 9 months0%* introductory APR for 18 months*
Purchase APR13.99% to 23.99% (Variable) based on your creditworthiness and other factors14.49% to 24.49%* (Variable) based on your creditworthiness and other factors
Balance Transfers APR13.99% to 23.99% (Variable) based on your creditworthiness and other factors14.49% to 24.49%* (Variable) based on your creditworthiness and other factors
Foreign Transaction FeeNo foreign transaction fee3% of each purchase transaction in US dollars.
Annual Fee$0 annual fee$0 annual fee
 

Benefits and Features

Introductory Bonus Cash BackIntroductory Bonus Cash Back: Earn a one-time $150 bonus if you spend $500 on purchases within three months of account opening. 
Cash Back RewardsCash Back Rewards: Earn 1.5% cash back on every purchaseCash Back Rewards: Earn cash back twice on every purchase: 1% cash back when you buy; plus an additional 1% cash back as you pay for those purchases
 Learn MoreApply Now

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Capital One Quicksilver: Pricing information including interest rates, rewards, benefits and fees was obtained on July 19, 2017 from published websites and is believed to be accurate, but not guaranteed.

Citi Double Cash: Pricing information including interest rates, rewards, benefits and fees was obtained on June 20, 2017 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Capital One® Quicksilver® Cash Rewards Credit Card and Citi® Double Cash Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Bottom Line

Whether the Quicksilver card is right for you comes down to a couple of things. It's a great choice all-around for spenders who have outstanding credit and want an easy way to earn cash back. On the other hand, you could earn more rewards with a different card, particularly if you concentrate your spending in specific areas. You'll also run into trouble getting approved if your credit score isn't that impressive.

    Learn more about Capital One® Quicksilver®

Rebecca Lake is a journalist at CreditDonkey, a credit card comparison and financial education website. Write to Rebecca Lake at rebecca@creditdonkey.com. Our data-driven analysis has been recognized by major news outlets across the country and has helped consumers make savvy financial and lifestyle decisions. (read more)

Editorial Note: This content is not provided by Capital One. 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 Capital One.

Disclaimer: This content was first published on September 21, 2017. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Capital One website for updated information.

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. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Capital One® Quicksilver® Cash Rewards Credit Card, Discover it® - Cashback Match™, Citi® Double Cash Card, Capital One® Venture® Rewards Credit Card, and Capital One® Platinum Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Compare Capital One Quicksilver to:

Compare Capital One Quicksilver vs Chase Freedom Unlimited
Apply for Chase Freedom Unlimited
At Chase's Secure Site
  • Unlimited 1.5% cash back on every purchase — it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 months
15.99% - 24.74% Variable
$0

Compare Capital One Quicksilver vs Chase Sapphire Preferred
Apply for Chase Sapphire Preferred Card
At Chase's Secure Site
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
16.99% - 23.99% Variable
Introductory Annual Fee of $0 the first year, then $95

    Cash Back Rewards

    We think you'll agree with us when we say ...

    Capital One Balance Transfer Offers

    Here are the current Capital One balance transfer offers worth considering. Whether you're transferring a balance to or from a Capital One card, know these vital tips.

    Capital One Quicksilver vs Chase Freedom Unlimited

    Both Capital One Quicksilver and Chase Freedom Unlimited give 1.5% cash back with no annual fee. Which one is better? We break down the surprising differences.

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About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.