Quicksilver from Capital One
Quicksilver from Capital One is the perfect everyday card. You'll get a cool 1.5% back on all spending – with no caps, a solid insurance package, and a $150 welcome bonus.
- Annual Fee
- Extra Card Fee
- Card Type
- Cash Advance
- Balance Transfer
|Extended Warranty||1 year|
Please review your insurance certificate for details, exclusions and limitations of your coverage.
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Capital One Quicksilver review
If you have excellent credit and are looking for a simple, no-hassle cash back credit card, the Capital One Quicksilver is worth a second look. With no annual fee, no foreign transaction fee, and an array of valuable benefits, there’s no reason to not take it for a test drive and see how it works for you.
Capital One Quicksilver cash back rewards
This card has a flat 1.5% unlimited cash back earn rate, which means you never have to worry about spending caps or categories. It’s just a simple way to make sure you’re getting some decent rewards with every purchase.
It’s not the best flat cash back rate available, and it certainly doesn’t match the category cash back earn rates on some cards, but it has no annual fee, which means the 1.5% cash back is basically free money.
Capital One Quicksilver benefits and perks
In addition to its cash back earn rate, the Capital One Quicksilver has a few other perks and benefits worth taking a look at.
$150 welcome bonus
With this card you can earn a $150 cash bonus when you spend $500 in your first 3 months. This is on top of your regular earn rates.
0% intro APR for 15 months
If you’re struggling with some sticky high-interest debt on another credit card, the Capital One Quicksilver could help you get that under control. With a 0% intro interest rate for balance transfers and purchases for the first 15 months you have the card, you could avoid those nasty interest payments entirely.
Redeem cash back for any amount at any time
Once you’ve earned any amount of cash back, you can redeem any or all of it, at any time. This makes these rewards very flexible. Also, your rewards will never expire for the lifetime of your account.
You can redeem your rewards for cash, to cover your purchases, or to buy gift cards.
No annual fee
Plenty of credit cards have no annual fee, but it's always nice not to pay one. Why cut into your rewards earnings by having to pay for the privilege of keeping a credit card in your wallet?
No foreign transaction fees
When you make purchases while traveling outside of the U.S. or shopping online at stores that charge anything besides USD, most credit cards will charge a 3% fee. Not so with this credit card. Now you can shop wherever you like, and never have to worry about those unexpected charges (that can add up fast, if you’re not careful). Better to just keep that money right in your own pocket.
Complimentary concierge service
This is another fairly common credit card benefit, but it’s definitely nice to have. If you ever need help to arrange travel, dining, or entertainment, Capital One’s complimentary concierge service will be able to help you out.
24-hour travel assistance
If you’re traveling and your credit card is lost or stolen, you can get an emergency replacement and a cash advance if needed.
Free Wikibuy and Paribus access
Capital One has 2 apps that will help you ensure you’re getting the best prices for the things you're buying, or to find out if stores owe you any refunds.
- Wikibuy is the first of these, designed to help you find the best price for whatever you’re buying, anywhere online.
- Paribus automatically tracks your purchases and alerts you if the retailer puts it on sale or reduces the price for whatever reason, allowing you to get refunds you wouldn’t have otherwise known about.
Use your rewards to shop on Amazon.com
If you connect your Capital One Quicksilver card with your Amazon.com account, you’ll be able to automatically use your cash back rewards to pay for purchases directly on Amazon. If you don’t have enough rewards to cover the full cost, you can simply pay for the rest on your card.
Entertainment and dining experiences
And, like many other credit cards, Capital One Quicksilver gives you access to exclusive dining and entertainment experiences, including concerts, sporting events, and culinary experiences.
Capital One Quicksilver drawbacks
Let’s take a look at some of the downsides to the Capital One Quicksilver card.
You need excellent credit to qualify
The Capital One Quicksilver card is enticing, but it can be difficult to get approved for it. If your credit score is lacking, you may be better off looking for another card.
There are higher earn rate cash back cards
While a 1.5% flat cash back earn rate is good, it’s not the best. In fact, for cash back, 1.5% is almost average. It’s possible to do much better than that, especially if most of your spending is in particular categories, such as groceries and gas.
Minimal insurance coverages included with the card
Having only 2 types of included complimentary insurance is pretty minimal, but not that unexpected for a card with no annual fee. On the other hand, if you’re looking for a credit card with more comprehensive insurance, and you don’t mind paying an annual fee, there are other cards that offer significantly more.
Other cards have more comprehensive perks packages
Again, if you don’t mind paying an annual fee, you can take advantage of more significant credit card perks packages, such as those included with American Express or World Elite credit cards. Some of these even have significantly better rewards earn rates, although they're not necessarily just straight cash back. It’s really all a matter of what’s of more value to you.
Alternative credit cards for earning cash back
Let’s see how the Capital One Quicksilver measures up to some of our other top cash back credit cards.
|Credit card||Welcome bonus||Annual fee||Rewards|
||Earn a $150 cash back bonus when you spend $500 in the first 3 months||$0||1.5% unlimited cash back on all purchases|
||Receive a $250 statement credit when you spend $1,000 in the first 3 months||$95||* 6% cash back on groceries (up to $6,000 spent annually)
* 6% cash back on select U.S. streaming services
* 3% cash back on gas and transit
* 1% cash back on all other purchases
||* 20,000 bonus points when you spend $1,000 in your first 3 months
* 0% intro APR for 12 months on all purchases and balance transfers
|$0||* Earn 3 points per $1 spent on gas, transit, travel, and streaming services
* Earn 1 point per $1 spent on all other purchases
||None||$0||* 1% unlimited cash back on all purchases
* Another 1% cash back when you pay your bill on time
||Earn 3% cash back in the first year on the first $10,000 in spending||$0||1.5% unlimited cash back on all purchases|
||* Earn a $200 cash back bonus after spending $500 in 3 months
* 0% intro APR on purchases and balance transfers for 15 months
|$0||1.5% unlimited cash back on all purchases|
If you’re not interested in juggling a number of credit cards in order to maximize your rewards earn rate and would rather just have 1 card that you can use for everything...well, the Capital One Quicksilver card may be exactly what you need.
On the other hand, there are cards with better cash back earn rates out there, that may also be a bit more forgiving of a less-than-immaculate credit score. And if you’re a frequent traveller or like to take advantage of more comprehensive perks packages, you can probably find something better to keep in your wallet.
Does the Capital One Quicksilver have a welcome bonus?
You will earn $150 bonus cash back after making $500 in purchases on the card in the first 3 months.
Is there an annual fee for the Capital One Quicksilver?
The Capital One Quicksilver, like many of our top cash back credit cards, has no annual fee.
Who is the Capital One Quicksilver best for?
This credit card is for people with excellent credit who are looking for a no-fuss credit card that will let them earn decent cash back rewards on all purchases. It is a straightforward card with few bells and whistles, but for no annual fee (and no foreign exchange fee), it’s definitely worth a look.