Capital One Quicksilver Cash Rewards Review Best Card Help You Save!
Spend a little here, earn a little everywhere: the Capital One® Quicksilver® Cash Rewards Credit Card takes the guesswork out of cashback. In a word: simplicity. Quicksilver rejects those complicated pick-and-choose policies that other cash-back cards prefer. That’s because the Universal Cash Back Rate (1.5%) applies to every purchase you make.
We chose Capital One Quicksilver Cash Rewards as one of our top money-saving options because of this simplicity. That 1.5% is one of the best universal rates on the market, and you won’t have to fight through a bewildering web of policies to get the points you’ve earned. Plus, there are some solid perks like no annual fees, a 0% 15-month introductory APR, and a $150 sign-up bonus to sweeten the deal.
Capital One Quicksilver Cash Rewards
- Sign-Up Bonus: $150 Back After Spending $500 In The First Three Months
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- Annual Fee: None
- Introductory APR: 0% For 15 Months
- Regular APR: 16.24%-26.24%
- Points: 1.5% On Each Purchase
- Balance Transfer Fee: 3%
- Balance Transfer APR: 16.24%-26.24%
- Foreign Transaction Fees: None
Who Should Get Capital One Quicksilver Cash Rewards?
Consider applying for Capital One Quicksilver Cash Rewards if you have good or excellent credit. Capital One doesn’t advertise the minimum score it approves for this card, but strong credit history and above-average score should make applying a breeze.
What Points Do You Earn With Capital One Quicksilver Cash Rewards?
Who doesn’t like consistency? On that front, the Quicksilver Cash Rewards card delivers in a big way. This card gives you 1.5% cashback on all purchases, no matter what you buy, when, or where. Every purchase, every day, returns 1.5%. The points you earn never expire, and you can accumulate an unlimited number of them.
You can get your refund in three different ways. First, you can redeem it as a Capital One check or as a statement credit. Second, you can apply it to a recent purchase, like a new laptop or refrigerator. Third, you can order it in the form of a gift card. All of this can be done through your Capital One mobile app.
What Benefits Do You Get With Capital One Quicksilver Cash Rewards?
This card already allows you to earn money by spending money, so some extra benefits come as no surprise. You’ll get a $150 bonus after you spend $500 on the card, as long as you spend it in the first three months, that is. Add that to your mountain of cashback.
It’s also a great card for people who want basic benefits plus lots of cashback. You’ll get access to Capital One’s 24/7 concierge service while traveling abroad, and never have to worry about foreign transaction fees; there is none. You can also buy with confidence. Certain items are covered by Capital One’s extended warranty program.
Credit: Revised / Naidin Concul-Ticas
The Capital One Quicksilver Cash Rewards Credit Card is our best option to help you save money.
How Does Capital One Quicksilver Cash Rewards Compare To Other Cards?
This isn’t the only Capital One brand card for cash-back lovers. Let’s say you want that sweet 1.5% cash back on purchases, but you don’t have the credit history or score to make it happen. If that’s the case, consider applying for the QuicksilverOne rewards card, which has a similar rewards philosophy at a $39 annual fee.
What Are The Downsides To Capital One Quicksilver Cash Rewards?
Other cards on the market boast higher cash-back rates, sometimes as high as 4% or even 5%. But the fine print on those cards often limits the card’s potential, with rotating rewards schedules and quarterly cash-back limits reducing your ability to earn cash. The Quicksilver Cash Rewards card’s no-nonsense approach removes that, so you’re essentially trading higher cashback rates for an easier process.
Quicksilver Cash Rewards charges up to $39 for late payments. Never let your balance get past due and you never have to worry.
How Do Capital One Quicksilver Cash Rewards Rank In Our Reviews?
We’ve reviewed the Capital One Quicksilver Cash Rewards card before, highlighting it as one of the best cashback cards to help you save money on big purchases, and a great option for sports fans, too. Head over to those posts for an in-depth look at those aspects of the card.
This is a winner, especially against other lesser cash-back cards. It’s ranked among our best credit cards for 2019.
Things To Know About Credit Cards:
- Long Introductory Period APRs Are Just A Short-Term Incentive. Potentially High APRs Kick In After The Card’s Introductory Period Ends, Which Could Cost You A Lot Of Interest If You Go Unpaid On Your Balance. It’s Really Important, Especially When Getting A Card For A Big Purchase, To Keep An Eye On Your Finances And Keep An Eye On Your Calendar.
- APR Rates And Credit Limits Vary Based On Your Individual Credit. Credit Limits And Interest Rates For Each Card Are Determined Based On Each Cardholder’s Personal Situation, So We Don’t Take That Information Into Account When Evaluating These Cards. Remember To Pay Your Card In Full Each Month, So No Interest Will Be Charged.
- Banks Have The Final Say On Whom They Accept For A Credit Card. These Recommendations Were Coupled With The Assumption That Applicants Would Have Average Or Better Credit. That Said, Banks Decide Who They Will Issue Credit Cards To Using Criteria Including, But Not Always Limited To, An Individual’s Credit Score When Evaluating Each Applicant.
So, Are Capital One Quicksilver Cash Rewards Worth It?
Ultimately, whether this card is right for you depends on your priorities as a spender and saver. Look elsewhere if you want a complex (yet potentially more rewarding) point system, changing reward categories, and other games. But if you want a non-annual, flat fee card with a solid cash back plan and reasonable travel benefits, Capital One Quicksilver Cash Rewards is a great choice.
