The Capital One Quicksilver Cash Rewards Credit Card is a top cash back credit card that pays an unlimited 1.5% cash back on all purchases. There’s no need to keep track of rotating categories with this card. Plus, it doesn’t have a complicated rewards structure. And it doesn’t charge fees for every little thing.
New applicants can earn a $200 cash bonus when you spend at least $500 within the first 3 months. This card does not charge an annual fee. In addition, you can redeem your cash back for any amount at any time.
Table of Contents
Capital One Quicksilver Cash Rewards Card Summary
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| Bonus Available | $200 cash after you spend $500 within the first 3 months |
| *Bonus Value | $200 |
| Ongoing Rewards/Benefits | Unlimited 1.5% cash back on all purchases |
| Foreign Transaction Fees | None |
| Annual Fee | $0 |
Recommended Free Credit Score (Get Free Score)
690 – 850 (Good – Excellent)
* The Quicksilver Cash Rewards Credit Card is issued by Capital one. They also offer great sign-up bonuses. You can also compare this card with other credit card bonuses!
* Bonus value is an estimated value calculated by BankCheckingSavings and not the card issuer.
View our latest valuations here.
PROS
- Welcome bonus
- No Annual fee
- No foreign transaction fee
CONS
- Good-Excellent credit needed to qualify
Editor’s Alternate Pick
 The Chase Freedom Unlimited® Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases. In addition, you can earn: • 5% on travel purchased through Chase, • 3% on dining at restaurants and drugstores, and • Unlimited 1.5% cash back on all other purchases. There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open. This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM. |
Capital One QuickSilver Bonus
There are other No Annual Fee credit cards in market, but they only offer a $100 bonus, so this $200 bonus is above average.
- Bonus: Earn a one-time $200 cash bonus once you spend $500 on purchases within three months from account opening.
This card is different because of the 1.5% cashback rate on every purchase with no limit on how much you can earn! Note that there are no categories to keep track of as is the case with other cashback cards.
Additionally, you also don’t have to wait until you reach a specific amount of rewards to redeem them, plus your cashback won’t expire for the life of the account.
Redeeming Cash Back
Cash back rewards are also easy to redeem. You can manually redeem accumulated rewards in any amount for statement credits, gift cards, or checks.
Or, schedule automatic redemption that are triggered when you pass a specified cash back increment. Minimum automatic redemption start at $25.
Moreover, with the unlimited 1.5% cashback rate, the Capital One Quicksilver card is a great option for users who don’t spend much on credit cards and who likes the simplicity of no category spending to keep track of.
But if you’re a big credit card spender, there are other cards that earn a better rate. You may choose to use this card towards your everyday spending in addition with a category spending card to maximize returns.
Earning the Bonus
Meeting the $500 requirement for the $200 bonus in three months should be easy for most users, since you can use it towards everyday spending on gas, groceries, dining, and shopping!
However, if you’re applying for more than one card bonus, here are some ideas on meeting the spending requirements:
| • Plastiq: Plastiq allows you to pay for expenses that you generally won’t be able to with your card like rent, tuition, auto lease, mortgage payment, and more. There’s a 2.5% processing fee for using your credit card. However, this’ll be worth the card bonus you’ll get. There’s also a referral program where you can earn “Fee-Free Dollars” to use towards processing fees. See our Plastiq review. |
| • Fund Checking accounts with your card: Many banks will allow you to fund the opening deposit with a credit card. Consider opening Checking accounts that also offer a sign-up bonus. This way, you can work towards bonuses from two different sources. Big banks like Chase, HSBC, Huntington, and TD Bank have great offers and allow credit card funding. You can generally fund anywhere from $50 to $1,000 towards the opening deposit with a credit card, depending on the bank. |
| • Buy gift cards: Consider buying gift cards with your credit card that you can then spend later at your leisure. Individual merchant cards (restaurants, gas stations, supermarkets, etc.) generally don’t have purchase fees, so this is a plus. On the other hand, American Express and Visa gift cards will have purchase fees. Amazon gift cards are a great idea as you can shop for almost anything there with no purchase fees either. Unfortunately, Citi credit cards tend to code gift card purchases as Cash Advances and there’ll be a fee. Call in to customer service and lower your Cash Advance limit to $0 before purchasing gift cards. You can also buy discounted gift cards as well from Raise or find gift cards on eBay. |
| • Everyday spending & bills: Always using your credit card for everyday spending, such as for dining, gas, groceries, etc. You can also use your credit card to pay for things like insurance bills, property taxes and income taxes. However, you’ll have to consider the convenience fees. |
Cardholder Perks
As a Capital One Quicksilver cardholder, you can access a number of general benefits. This includes 24/7 concierge service and travel booking assistance, 24/7 emergency card replacement for lost or compromised cards, and VIP/priority access to events such as sporting contests and special golf outings. Other benefits include:
- No Foreign Transaction Fees: maximize cash back earnings while traveling abroad.
- Free Credit Score and Credit-Building Tools: Access a free credit score on-demand (and with your card statement every month). Plus, use Capital One CreditWise to find some useful credit-building and credit-tracking tools.
- Travel Accident Insurance: Get insurance for death or dismemberment at no extra charge when you purchase airfare using your card.
- Auto Rental Insurance: Enjoy secondary collision and theft insurance for you and all additional drivers on your agreement.
- Extended Warranty: Earn an additional warranty protection when you purchase items your card.
- Price Protection: Get reimbursed the difference if the price drops on eligible items within 60 days of purchase.
Conclusion
The Capital One Quicksilver Cash Rewards Credit Card is known for its simplicity and accessibility. It’s similar to the Chase Freedom. However, they aren’t as easy to use due to their reliance on rotating spending categories and other gimmicks. Though, that’s not to say that the Chase cards don’t have a place in your wallet. Many cash back cards are limiting themselves to cash back categories that many consumers will use, thus emphasizing that simplicity and minimizing hassle.
The Capital One Quicksilver Cash Rewards Credit Card offers 1.5% cash back on all purchases. Thus, it’s best to pair it up with another card that offers a higher rewards rate on the categories you use the most. Then, when your higher-earning card only offers 1% cash back on the items you need to purchase, use the Capital One Quicksilver in its place to reap the higher 1.5% cash back reward. Check our credit card promotionsto find the perfect one that suits your needs.
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What’s the Competition?
* Below are some of the top competitors to Capital One Quicksilver Cash Rewards Credit Card to consider.
The Chase Freedom Unlimited® Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases. In addition, you can earn: • 5% on travel purchased through Chase, • 3% on dining at restaurants and drugstores, and • Unlimited 1.5% cash back on all other purchases. There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open. This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM. |
 The Chase Freedom FlexSM offers a $200 bonus after you spend $500 on purchases in your first 3 months from account opening. You'll earn: • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. • 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases. You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back. You'll be able to new 5% categories each quarter! This card has no annual fee. |
 The Capital One VentureOne Rewards Card offers a one-time bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel. You'll earn 1.25X miles on every purchase, every day and pay no annual fee. This card comes with no annual fees and no foreign transaction fees which is a great choice as your go-to travel card! |
Learn more about this card and find out how you can apply here.
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