Capital One QuicksilverOne Cash Rewards Credit Card: Review

Capital One QuicksilverOne Cash Rewards Credit Card: Review article image.

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This cash back rewards card can be ideal for those with average credit. The low annual fee is offset by the ability to earn unlimited cash back on every purchase you make and easily redeem your rewards in a variety of ways. Valuable travel benefits and credit protection features ensure you can use the card with confidence—and even use it to improve your credit score.

Capital One QuicksilverOne Cash Rewards Credit Card

Apply

on Capital One's website

Fair, New to Credit

Capital One QuicksilverOne Cash Rewards Credit Card

APR

26.99% (Variable)

Intro APR

N/A

Rewards

1.5% cash back on All Purchases

Annual Fee

$39

Card Details
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Earn cash rewards without signing up for rotating categories
  • Be automatically considered for a higher credit line in as little as 6 months
  • Monitor your credit profile with the CreditWise® app, free for everyone
  • $0 fraud liability if your card is ever lost or stolen
  • No limit to how much cash back you can earn, and cash back doesn't expire for the life of the account
  • Help strengthen your credit for the future with responsible card use
  • Get customized alerts and manage your account with the Capital One mobile app
Customer service contact info for Capital One
1-800-227-4825Capital One
Attn: General Correspondence
P.O. Box 30285
Salt Lake City, UT 84130-0287
ProsCons
Unlimited cash back on every purchaseNo sign-up bonus or introductory financing offer
Requires only average creditHigh APR
No foreign transaction feesAnnual fee
Travel and credit monitoring benefits

Experian Review

From gold stars in kindergarten to a gold watch when you retire, everyone loves getting rewards. But if you don't have excellent credit, rewards credit cards can be hard to come by. The Capital One QuicksilverOne Cash Rewards Credit Card is one of the rare exceptions. Even with less-than-perfect credit, you can be approved for this card, which offers a competitive 1.5% cash back rate on every purchase.

Simplicity and convenience are key features of this card. There are no complicated rules, schedules or rewards categories to remember. You get a 1.5% reward on everything you buy—it's that simple. Redeem your cash back for any amount, any time. You can apply your cash back to your card balance to cover a recent purchase or use it to purchase gift cards.

Apply with Less-than-Perfect Credit

The Capital One QuicksilverOne Cash Rewards Credit Card provides a decent cash back rate without requiring a stellar credit score. Even if you've had some credit problems in the past, you may still be approved for this card.

There are a few tradeoffs to be aware of, though. The card charges a $39 annual fee (lower than other cards, but there are rewards cards out there with no fee at all). It also has a higher-than-average annual percentage rate (APR), so it's not ideal if you plan to carry a balance. While many rewards cards offer a sign-up bonus or a 0% introductory purchase or balance transfer APR, the Capital One QuicksilverOne Cash Rewards Credit Card does neither.

This card does, however, offer some features that can help take your credit score from average to excellent. For instance, you may automatically be considered for a credit limit increase in as little as six months (the minimum credit line to start is $300). Cardholders can also use CreditWise® from Capital One®, which gives you unlimited access to your credit score and tools to help you monitor your credit profile. CreditWise® protects your identity by alerting you if your Social Security number or email address is found on the dark web and to any meaningful changes on your Experian and TransUnion® credit reports.

No Sign-Up Offer but Strong Cardholder Rewards

Although there's no sign-up bonus, this card offers some solid rewards and the flexibility to redeem them in different ways. The 1.5% cash back applies to all purchases; rewards are unlimited and never expire for the life of the account. You can also get free extended warranty protection of up to one additional year on eligible items purchased with the card.

Cash back can be redeemed for any amount whenever you want, and there are plenty of options for how to use it. For instance, you can use your rewards to purchase gift cards, get a check or have them applied to your statement as a credit. Streamline things even more and set up an automatic redemption cycle to have your rewards applied to your statement on a set date each year or every time you reach a specific rewards threshold, which can be as low as $25.

Travel Safe with Accident Insurance and Roadside Assistance

If you're a frequent traveler, you'll enjoy plenty of travel benefits when you hit the road with the Capital One QuicksilverOne Cash Rewards Credit Card in your wallet. If you use the card to pay for your fare, you may be insured for covered losses at no extra charge. A lost or stolen card won't ruin your trip thanks to 24-hour travel assistance services that provide an emergency replacement card right away and a cash advance to tide you over. With this card, you'll save on collision damage coverage the next time you rent a car. Just rent an eligible vehicle with your Capital One QuicksilverOne Cash Rewards Credit Card and you may be covered for damage due to collision or theft. Another travel perk: No foreign transaction fees for purchases made outside of the United States.

Stay on Top of Your Credit Card Use with Mobile App Features

The Capital One QuicksilverOne Cash Rewards Credit Card has several features that make it easy to manage your account. For example, you can get personalized email or text reminders to help you stay on top of your account and set up autopay to have your payments made automatically every month. (Since a track record of on-time payments is key to building good credit, this move can help improve your credit score.)

Use the Capital One® Mobile app, available for iOS and Android, to manage your account on the go. You can pay your bill, view your balance and see your transactions—even stay on top of your credit for free with CreditWise®. If your card is misplaced, lost or stolen, simply lock it in the Capital One® Mobile app. Zero fraud liability means you aren't responsible for fraudulent purchases that you report to Capital One®.

The mobile app includes the Capital One® virtual assistant, Eno®, who can answer questions about your account or alert you to unusual activity, such as a sudden increase in a recurring bill or a potential duplicate charge. Eno® also helps you shop safely online by generating different virtual card numbers you can use with different merchants. Shop with virtual numbers and keep your permanent card number to yourself. If the virtual number is ever compromised, just cancel it and rest easy knowing that your credit card number is safe.

The Annual Fee May Be Worth It

Depending on your spending, the cash back rewards this card provides may be enough to make the card's annual fee worth it. You'll have to spend at least $216 a month with the Capital One QuicksilverOne Cash Rewards Credit Card to justify the annual fee, but anything beyond that is money in the bank.

Additional Info

Purchase APR: 26.99% (Variable)Grace period: 25 days
Transfer APR: 26.99% (Variable)Annual fee: $39
Cash advance APR: 26.99% (Variable)Balance transfer fee: $0 at this Transfer APR
Cash advance fee: Either $10 or 3% of the amount of each cash advance, whichever is greater.
Foreign transaction fee: $0
Late payment fee: Up to $40

Authorized User Policy

Adding an authorized user to your Capital One QuicksilverOne Cash Rewards Credit Card is easy, requiring no credit check. The authorized user doesn't even have to fill out an application. The best part: You'll earn rewards on their spending, too. Although you are ultimately responsible for the authorized user's charges, you can get real-time purchase alerts to keep tabs on their spending and help you better manage your budget.

Is This Card Right for You?

For users with average credit who may not qualify for other rewards cards, the Capital One QuicksilverOne Cash Rewards Credit Card is a solid option that lets you earn cash back on every purchase, but at the cost of a small annual fee. Plus, with access to credit monitoring and the potential to quickly increase your credit limit, using this card wisely can help to improve your credit score. That said, users who plan to carry a balance may want to choose a card with a lower APR.

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