We give the Capital One Quicksilver Cash Rewards credit card a thumbs up. If you have the credit score needed to qualify, you can get 1.5% cash back with no annual fee. And a $150 bonus when you satisfy the spending requirements doesn’t hurt, either. We have the details in this Capital One Quicksilver Cash Rewards review
The first thing to know about the Capital One® Quicksilver® Cash Rewards Credit Card is that this is a card for people with excellent credit. Your credit score will need to be in good shape to qualify for the card and take advantage of its many benefits. On its website, here’s how Capital One describes those with excellent credit:
I’ve never declared bankruptcy or defaulted on a loan; I haven’t been more than 60 days late on any credit card, medical bill, or loan in the last year; I’ve had a loan or credit card for 3 years or more with a credit limit above $5,000.
New cardholders will receive a one-time $150 cash bonus once they spend $500 within the first three months of opening a Capital One® Quicksilver® Cash Rewards Credit Card account. The card also routinely delivers special offers and discounts for cardholders. For instance, there is a current offer that allows customers to get 50% back as a statement credit when they pay their monthly Spotify Premium subscriptions between now and April of 2018.
- Learn more about the Capital One® Quicksilver® Cash Rewards Credit Card at CardRatings.com.
Let’s talk about some of what the card offers on a practical level. It provides fraud coverage that means you’re not on the hook for anything if your card is lost or stolen. You can also arrange to receive personalized emails or text messages to help you stay on top of your account’s security. One unique feature of the Capital One Quicksilver® Rewards card is that you can actually pick your own monthly payment due date and payment method without extra fees.
Capital One® Quicksilver® Rewards Program
The big thing that attracts people to the Capital One® Quicksilver® Cash Rewards Credit Card is the fact that it offers unlimited 1.5% cash back on every purchase. There is no limit to how much you can earn in cash back with this card. Unlike many other cards that have rotating categories that are constantly changing, the categories never change with this card. Some of the other big features you can expect:
- No annual fee
- No foreign transaction fees
- 0% intro APR for nine months
- 24-hour customer service
- Rewards don’t expire for the life of the account
You can do a lot with your account when you have this card. The Capital One® Quicksilver® Cash Rewards Credit Card allows you to add an authorized user to your account. In addition, you’ll be provided with tools to monitor your account and track the spending of your added user.
You might be wondering if the Capital One Quicksilver® Rewards card is potentially a good option for anyone looking to do a balance transfer. The answer is a simple no. There is a 0% intro APR on balance transfers for nine months and if you transfer a balance, you’ll incur a 3% balance transfer fee. There are other, better options with longer 0% intro rates to utilize for a balance transfer.
That said, there is also a 0% intro APR on purchases for nine months. After the intro rate expires, the standard variable APR becomes 13.99% – 23.99%. If you have great credit, you’ll receive the lower end of that APR.
Capital One Mobile App
You’re not just getting a credit card when open a Quicksilver® account. You’re actually getting an access point to a high-tech portal for managing payments. The Capital One Mobile App and the Capital One Wallet are the two apps that you can use as a cardholder. Here’s a look at what you can do with the Capital One Mobile App:
- Pay a bill with a few taps
- Set up automatic payments
- Alter your payment-posting schedule
- Get a free credit score and tools via CreditWise
- Mobile check deposit
- Locate Capital One locations and ATMs
- View and redeem rewards
And with Capital One Wallet …
- Capture receipts on your phone
- Lock your card with two taps
- Digitize, store and monitor gift cards
Both allow cardholders to enjoy a cyber wallet that enables them to control and manage their accounts from their fingertips. The fact that you can lock your card in a matter of seconds once you realize that it’s been lost or stolen is a big benefit. You can also unlock your card just as quickly if you locate it or realize that you actually had it the whole time.
Is the Capital One Quicksilver For You?
It’s hard to deny that this card comes packed with a lot of benefits. The consistent rewards offered by the card definitely contribute to its strength. However, flat rewards may not be what you’re looking for if you’re a particular type of spender. While you can look forward to steady rewards across the board, you could be missing out on better reward opportunities.
If a large portion of your spending goes to gas, you might get more from a card that awards more points for purchases made at fueling stations. Other cards offer better rewards for specific spending categories like groceries or travel.
The Capital One Quicksilver® Rewards card can be considered a solid option if you want a card without frills or fees. It gets some points because of the fact that cardholders don’t have to worry about registering or opting in to be eligible for rewards and perks. This is refreshing when you consider that chasing down rotating rewards from some other popular cards can feel like a full-time hobby. It’s ultimately a card for people with good credit who are looking for an easy-to-manage card with consistent cash-back rewards.
And the $150 cash bonus doesn’t hurt.