Save money and be informed. CreditDonkey is a credit card comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†
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 Cash Rewards Credit Card offers unlimited 1.5% cash back with no rotating bonus categories or annual fees. Read on to find out if it's worth having.

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
  • $200 Bonus
  • Intro APR
  • No Bonus Categories
  • No Travel Transfer Opportunities

Bottom Line

Good cash back credit card for non-travelers

Reasons to Get the Card

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

  1. $200 bonus: The Quicksilver card gives you a $200 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 an introductory 0% interest on purchases for 15 months. After that, the APR ranges from 14.99% - 24.99% (Variable) based on your credit. This is good if you're planning to buy something big.

  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. 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 the bonus offer.

  • 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, such as the Chase Freedom, offer 5% cash back for purchases in rotating 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 Credit Card
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 15 monthsN/A
Purchase APR14.99% to 24.99% (Variable) based on your creditworthiness and other factors15.99% to 23.99% (Variable) based on your creditworthiness and other factors
Balance Transfers APR14.99% to 24.99% (Variable) based on your creditworthiness and other factors15.99% 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 15 months.No balance transfer fee
Annual Fee$0 annual fee$95 annual fee
 

Benefits and Features

Introductory Bonus Cash Back$200 Cash Back after you spend $500 on purchases within 3 months from account opening 
Introductory Bonus Airline Rewards Earn a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening
Cash Back RewardsEarn 1.5% cash back on every purchase 
Travel Rewards Earn 2x miles per dollar on all purchases. Redeem your miles for travel purchases or transfer your miles to over 10+ travel loyalty programs.
Airline Rewards Earn 2x miles per dollar on all purchases
Airline Transfer Partners Capital One transfer partners include Aeromexico, Air Canada, Air France/KLM, Alitalia, Avianca, Cathay Pacific, Emirates, Etihad, EVA, Finnair, Hainan, Qantas, Qatar, and Singapore Airlines.

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 September 21, 2021 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 September 21, 2021 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 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®

 

Interest Rates and Fees

Introductory APR for Purchases0% intro on purchases for 15 months0% introductory APR for 15 months
Purchase APR14.99% to 24.99% (Variable) based on your creditworthiness and other factors14.99% to 23.74% Variable based on your creditworthiness and other factors
Balance Transfers APR14.99% to 24.99% (Variable) based on your creditworthiness and other factors14.99% to 23.74% 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 Back$200 Cash Back after you spend $500 on purchases within 3 months from account openingEarn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Cash Back RewardsEarn 1.5% cash back on every purchaseEarn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
Dining Rewards Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.

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 September 21, 2021 from published websites and is believed to be accurate, but not guaranteed.

Chase Freedom Unlimited: Pricing information including interest rates, benefits and fees was obtained on June 3, 2020 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 Chase Freedom Unlimited® 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 your credit score isn't great: Capital One Platinum Credit Card
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 15 monthsN/A
Purchase APR14.99% to 24.99% (Variable) based on your creditworthiness and other factors24.99% (Variable) based on your creditworthiness and other factors
Balance Transfers APR14.99% to 24.99% (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 15 months.No balance transfer fee
Annual Fee$0 annual fee$0 annual fee
 

Benefits and Features

Introductory Bonus Cash Back$200 Cash Back after you spend $500 on purchases within 3 months from account opening 
Cash Back RewardsEarn 1.5% cash back on every purchase 

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 September 21, 2021 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 June 8, 2020 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 15 monthsN/A
Introductory APR for Balance TransfersN/A0%* introductory APR for 18 months*
Purchase APR14.99% to 24.99% (Variable) based on your creditworthiness and other factors13.99% to 23.99%* (Variable) based on your creditworthiness and other factors
Balance Transfers APR14.99% to 24.99% (Variable) based on your creditworthiness and other factors13.99% to 23.99%* (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 Back$200 Cash Back after you spend $500 on purchases within 3 months from account opening 
Cash Back RewardsEarn 1.5% cash back on every purchaseEarn cash back twice on every purchase: 1% cash back when you buy; plus an additional 1% cash back as you pay for those purchases

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 September 21, 2021 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 March 20, 2020 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.

Tip: If you plan to spend over $30,000 in your first year and pay the balance in full, then the Citi Double Cash may be the better option. If you plan to spend less than that, then the $200 one-time bonus you receive with the Capital One Quicksilver once you spend $500 within the first 3 months of account opening may outweigh the benefits of Citi Double Cash.

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.

Rebecca Lake is a journalist at CreditDonkey, a credit card comparison and reviews website. Write to Rebecca Lake at rebecca@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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.

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.

Editorial Note: This content is not provided by Chase. 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 Chase. This site may be compensated through the Advertiser's affiliate programs.

Editorial Note: This content is not provided by Citi. 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 Citi.

Disclaimer: The information for the Capital One Quicksilver Cash Rewards Credit Card, Capital One Venture Rewards Credit Card, Chase Freedom, Chase Freedom Unlimited®, Citi® Double Cash 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.

Read Next:


Compare Capital One Quicksilver to:

Compare Capital One Quicksilver vs Chase Sapphire Preferred
Apply for Chase Sapphire Preferred Card
At Chase's Secure Site
  • Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
  • Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
15.99% - 22.99% Variable
$95

Compare Capital One Quicksilver vs Blue Cash Everyday
Apply for Blue Cash Everyday Card from American Express
At American Express' Secure Site
  • Earn 20% back on Amazon.com purchases on the Card in the first 6 months of Card membership, up to $150 back.
  • Plus, earn $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of card membership. You will receive cash back in the form of statement credits.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores.
  • 1% Cash Back on other purchases.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% on Purchases for 15 months
N/A
13.99% - 23.99% Variable
$0

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

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2021 CreditDonkey Inc. All Rights Reserved.