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If you want a credit card that's easy to use and offers good rewards on your purchases, a flat-rate rewards card might be the best fit. The Capital One® Quicksilver® Cash Rewards Credit Card offers 1.5% cash back on all purchases, doesn't have an annual fee or foreign transaction fees, and you can redeem your cash back rewards whenever you want.
|Customer service contact info for Capital One|
1 (877) 383-4802
|Earn the same cash back rate on every purchase||Other flat-rate cash back cards offer a higher rate|
|New cardholders can earn an intro bonus||Potentially high APR|
|No annual or foreign transaction fees||You have to redeem your rewards as cash back|
Some rewards credit cards have different rewards rates depending on where you shop and offer a variety of redemption options. While these cards can provide great opportunities to cardholders, keeping track of all the details can also be a lot of work.
A flat-rate cash back credit card, such as the Capital One® Quicksilver® Cash Rewards Credit Card, offers simplicity. While ease of use might not have a monetary value, it's certainly a priority for some people and worth considering when you're looking for a new credit card.
Standard Flat-Rate Rewards Simplify Earning
Using the Capital One® Quicksilver® Cash Rewards Credit Card, you'll earn 1.5% cash back on all your eligible purchases.
Many cash back cards that have tiered rewards categories offer 1% cash back on non-bonus purchases. The ability to earn a higher 1.5% cash back rate on every purchase could put more money in your pocket depending on where you shop.
Keep in mind, though, the 1.5% cash back rate isn't extraordinary: Many flat-rate cash back cards offer the same rate without an annual fee, including:
- Chase Freedom Unlimited® credit card
- Wells Fargo Cash Wise Visa® Card
- American Express Cash Magnet® Card
Some even offer a higher rate, such as the Citi® Double Cash Card, which you can use to earn 2% cash back when you make a purchase and then pay the bill.
While the Capital One® Quicksilver® Cash Rewards Credit Card doesn't stand out with an exceptional cash back rate, it offers features that these others cards lack.
Standout Features: No Foreign Transaction Fees or Minimum Redemption Requirements
The Capital One® Quicksilver® Cash Rewards Credit Card distinguishes itself from other flat-rate cash back cards in several ways.
To start, there's no foreign transaction fee on international purchases, which could be important if you frequently travel abroad. In contrast, the Chase Freedom Unlimited® card and Citi® Double Cash Card both charge a 3% foreign transaction fee.
In addition, the Capital One® Quicksilver® Cash Rewards Credit Card doesn't have a minimum rewards redemption requirement—you can redeem your cash back at any time.
With the American Express Cash Magnet® Card, for example, you have to accrue $25 in rewards dollars before you can redeem your rewards. But with the Capital One® Quicksilver® Cash Rewards Credit Card, you can request a statement credit or check whenever you want.
Alternatively, you can set up automatic redemptions for a specific time each year, or once your rewards reach a threshold (such as $25 or $50).
New Cardholders Offers Include an Intro Bonus and 0% APR
You may receive an intro bonus (such as extra cash back after spending a certain amount on purchases) and an introductory 0% APR on purchases when you get the Capital One® VentureOne® Rewards Credit Card for the first time.
The specific offers can change over time, and other cards may offer similar bonuses for new cardholders. Take these into consideration when deciding which card to get, but also take into account the long-term value of the cards.
Account and Safety Features to Stay on Top of Your Spending
Capital One offers a variety of benefits and safety features on all of its credit cards. These can make it easier to manage and protect your account, including:
- Zero fraud liability for unauthorized purchases
- Virtual account numbers you can use to shop online
- An option to lock or unlock your card
- Security alerts if there's suspicious activity in your account
- Purchase and balance notifications
You can manage your account online or using the Capital One mobile app. There are even options to text Eno, Capital One's virtual assistant, to check your balance or review recent transactions. The service also monitors your account for unusual activity, such as duplicate charges or a higher-than-expected tip at a restaurant, and can automatically send you notifications if it finds anything.
Extra Benefits to Complement Your Rewards
The Capital One® Quicksilver® Cash Rewards Credit Card also comes with a variety of travel and purchase benefits you may find helpful:
- 24-hour travel assistance: Capital One can send you an emergency replacement card and help you get a cash advance, which could be helpful if your wallet is stolen or lost while you're traveling.
- 24-hour concierge service: This could be helpful if you need assistance planning a trip, getting event tickets or booking a restaurant reservation.
- Event access: You can use your card to get presale tickets, exclusive access, special passes and other perks at events across the country.
- Auto collision damage waiver: This coverage could help you if your rental car is stolen or damaged, but it may be secondary coverage if you already have an auto insurance policy.
- Extended warranties: This extra protection adds time to manufacturers' warranties on your purchases.
Review your card's guide to benefits for specifics on what's covered and your coverage limits.
|Purchase APR: 0% introductory APR for the first 15 months your account is open.|
After that, it will be 15.74% - 25.74% (Variable), depending on your creditworthiness
|Grace period: 25 days|
|Transfer APR: 15.74% - 25.74% (Variable), depending on your creditworthiness||Annual fee: $0|
|Cash advance APR: 25.74%||Balance transfer fee: 3% during the promotional APR period; no fee after the promotional period ends|
|Cash advance fee: $10 or 3% of the cash advance amount, whichever is greater|
|Foreign transaction fee: $0|
|Late payment fee: Up to $39|
You can add an authorized user to your Capital One® Quicksilver® Cash Rewards Credit Card via your online account, using the mobile app or by calling Capital One. The authorized user, often a family member or close friend, will receive a card that's linked to your account. Their purchases will also earn 1.5% cash back, which gets added to your account's rewards balance. While you—the primary cardholder—get to use the rewards, you're also responsible for the entire bill.
Is This Card Right for You?
If you're looking for a flat-rate cash back rewards card without an annual fee, there are a handful of cards to consider.
The Citi® Double Cash Card might be the best option if you're trying to earn as much cash back as possible. However, the card also charges foreign transaction fees, has a minimum redemption requirement, and doesn't offer many cardholder benefits (such as rental car insurance or extended warranties).
If you frequently travel abroad, don't want limitations when redeeming your rewards and want the cardholder benefits, however, the Capital One® Quicksilver® Cash Rewards Credit Card is one of the best 1.5% cash back cards available.