Reward details
Current Offer
Credit Rating
0% Intro
Annual Fee
APR
- cash back on all purchases
- No rewards Limits
- Annual fee
- Not the Best Rewards Rates on The Market
On Capital One’s Secure Website
Rewards Plan
Sign up Bonus
0% Intro
PROS
- Cash back on all purchases
- No rewards Limits
CONS
- Annual fee
- Not the Best Rewards Rates on The Market
APR
29.74% (Variable)
Annual Fee
$39
Balance Transfer Fee
None
Credit Requirements
Fair, Limited, Average
The Capital One QuicksilverOne Cash Rewards Credit Card is a low-effort card that offers the card holder unlimited cash back. While this isn’t the best credit card deal around in terms of rewards, it is a great deal for people who wouldn’t qualify for another credit card that has better reward redemption options.
One of the benefits that comes along with the Capital One QuicksilverOne Cash Rewards Credit Card is the fact that on ALL purchases that this card is used for, there is unlimited 1.5% cashback on every purchase.
Another major benefit of getting the QuicksilverOne Cash Rewards credit card is to build your credit history and increase your credit score by showing lenders you make payments on time and are responsible with borrowed money. The card also offers super useful feature for average credit customers - the card doesn't charge a foreign transaction fee.
On the negative side - the card has $39 annual fee, and the ongoing APR is very high - 29.74% (Variable).
- Build Your Credit
- Cash Back on All Purchases
- No Transfer Fees
- No-Cost Fraud Liability
- No Rewards Limits
- Annual Fee
- Redemption Limits
- Not the Best Rewards Rates on The Market
- Can I get car rental insurance with Quicksilver Card? Yes, once you refuse the insurance offered by the rental company you will automatically get coverage if you fund the entire purchase through this card.
- What are Quicksilver Card income requirements? Capital One often required monthly income to be at least $800. Sometimes, you will need to show some proof of income.
- Can I get pre-approved? Yes, you can get pre-approval.
- What is the initial credit limit? You will normally get a credit limit of at least $5,000.
- How do I redeem cash back? For the Quicksilver cashback rewards, you are able to get a check, as statement credit, or redeem them with certain retailers.
- What purchases don't earn cash back? All purchases are covered.
- Should You Move to Quicksilver Card? If you want consistency across all types of purchases or need to fill some gaps thrown up by other cards.
- How to Use Quicksilver card Benefits? Use it to fill the gap where your other credit cards fall short. If you want to have ultimate ease of use thanks to the consistency across all types of purchases.
- What are the top Reasons NOT to get the Quicksilver Card? If you are looking to get higher cashback rewards for certain categories.
In This Review..
Benefits
Let’s take a look at the benefits of the QuicksilverOne Cash card and see if it’s the right one for your wallet or not.
- Build Your Credit
The major benefit of getting the QuicksilverOne Cash Rewards credit card is to build your credit history and increase your credit score by showing lenders you make payments on time and are responsible with borrowed money.
Secured credit cards give you smaller credit lines to help you build the habits needed to grow your score while keeping the risk level down so you can’t put yourself in lots of credit card debt.
With the Capital One QuicksilverOne Cash Rewards card your credit counts towards all 3 credit bureaus like a normal credit card and you’ll find many different tools on Capital One’s website to help you monitor and grow your score.
You can also increase your credit limit after paying on time successfully for your first 5 payments..
- No Rewards Limits
When you begin to accumulate enough points on the Capital One QuicksilverOne Cash Rewards Credit Card to begin redeem rewards, there is no reward limit that the card holder has to worry about.
Cardholders can use rewards for as some as low as the a $1.99 soda if they want, or can use them to pay for larger rewards as they see fit.
Many cash back rewards credit cards will place minimum purchases or restrictions so that the cardholder can only redeem rewards occasionally or for larger things in order to keep reward redemption to a minimum, so not having to worry about this is a fantastic bonus for any new potential cardholder.
- Cash Back on All Purchases
You can earn unlimited 1.5% cashback on every purchase.
While this isn’t the best cash back rate of return out there compared to other credit cards, this is certainly something to consider as many of the other credit cards for limited/fair credit will not provide.
The rewards rates can be used as cash back on any purchase, or can simply be a statement credit that the cardholder receives when they decide to cash in their rewards points.
- No Transfer Fees
A great benefit that the Capital One QuicksilverOne Cash Rewards Credit Card offers to their cardholders is the fact that they offer no transfer fees on the card.
Most credit cards offer anywhere from 3%-5% transfer fees for any type of transfer across cards, so the fact that the Capital One QuicksilverOne Cash Rewards Credit Card offers no transfer fees is a great bonus for any cardholder.
- No-Cost Fraud Liability
Another major benefit to the Capital One QuicksilverOne Cash Rewards Credit Card is the fact that all cardholders have no-cost fraud liability, which simply means that a cardholder isn’t charged or held liable if their card is lost or stolen and someone else uses the card.
This is a massive benefit that will save the cardholder time, money, and stress, as all they would have to do is call the credit card service and report the Capital One QuicksilverOne Cash Rewards Credit Card as missing or stolen.
Drawbacks
Let’s take a look at the drawbacks of the QuicksilverOne Cash credit card and see if it’s the right one for your wallet or not.
- Annual Fee
The only true downfall to the Capital One QuicksilverOne Cash Rewards Credit Card is that is does come with a $39 annual fee.
While this is much lower than most credit cards that come with an annual fee, this is still something to consider for any potential applicant who was hoping to avoid annual fees.
- Redemption Limits
Besides cash back, there are limited options to redeem your rewards. In addition, you won’t be able to transfer rewards to other cards or loyalty programs.
- Not the Best Rewards Rates on The Market
If you shop around, you can find cards with higher pure cash back .
How To Apply For Capital One QuicksilverOne Cash Rewards Card?
- 1.
Visit the Capital One QuicksilverOne home page, and click on “Apply now”.
- 2.
This takes you to the next page, where you can fill in your “Personal Information” such as your Names, date of birth etc.
- 3.
Next is your contact and financial information.
- 4.
Lastly, ensure you read through the important disclosure page to know your eligibility, fees, costs, rates, etc.
- 5.
Then click on “continue” to complete the process.
Is the Capital One QuicksilverOne Cash Rewards Credit Card Right for You?
The Capital One QuicksilverOne Cash Rewards Credit Card is a low-effort card that offers the card holder unlimited cash back. While this isn’t the best credit card deal around in terms of rewards, it is a great deal for people who wouldn’t qualify for another credit card that has better reward redemption options.
If you’re the type of person who wants a low-effort card that still give you some type of reward for using it, then look no further than the Capital One QuicksilverOne Cash Rewards Credit Card. However, if you want more flexible reward options, or have a higher level of credit established, then consider looking to other options
Compare The Alternatives
There are other credit cards that do offer comparable cash back rewards – we’ve summarized the most popular cards which can use as an alternative to the QuicksilverOne Cash Rewards Credit Card:
|
|
| |
|---|---|---|---|
Wells Fargo Active Cash℠ Card | Chase Freedom Unlimited® | Bank of America® Customized Cash Rewards credit card | |
Annual Fee | $0
| $0
| $0
|
Rewards |
2%
2% cash rewards on purchases (unlimited)
|
1.5% – 5%
5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% cash back on all purchases
|
1% – 5%
3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. The 3% and 2% cash back available on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter (then 1%)
|
Welcome bonus |
$200
$200 cash rewards bonus when you spend $1,000 in purchases in the first 3 months
|
Up to $300
additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year)- worth up to $300 cash back
|
$200
$200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
|
Foreign Transaction Fee | 3%
| 3%
| 3%
|
Purchase APR | 17.49% to 29.49% variable APR
| 19.49% – 28.24% variable
| 18.24% to 28.24% will apply. A 3% fee (min $0) applies to all balance transfers
|
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