Editorial Disclosure: The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.
“The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.”
The Capital One Quicksilver Cash Rewards Credit Card is an easy-to-use credit card with generous cash back benefits. It’s simple with a flat rewards rate and no hidden fees. This would be a great beginner credit card, but you’d have to have a high credit score to qualify.
This card is really simple, which can be a great advantage compared to other cards. First, it has no annual fee, no transaction fees, and a cashback rate of 1.5% on all purchases. This means you won’t have to worry about expensive fees popping up or whether to use the Capital One Quicksilver card on certain purchases to earn more rewards. The introductory offers are good, too, with a $150 cash bonus after spending $500 with the card during the first three months of the account being open. In addition, you’ll get 0% APR on purchases and balance transfers for the first 15 months. While this is a decent 0% period, other cards offer even longer periods.
The real kicker to this card is the credit score requirements. In order to qualify, you must have a credit score of around 700 or higher. This may prove difficult for those just starting to build their credit.
Simplicity is key with the Capital One Quicksilver Cash Rewards Card. Instead of worrying about paying for gas or groceries with the card with the highest cash back rate, this card makes it easy with its standard rate. Other cards offer rotating bonus categories, but this can get pretty confusing if you don’t like checking in with your account. For instance, some cards will offer up to 5% cash back on groceries for three months. Once the three months is finished, you’ll have to log back in to find out which category is next. This can be a tedious game of cat and mouse, and you may end up putting more on the card than you wished in hopes of more cash back.
As previously mentioned, the $0 annual fee is a real benefit for the Capital One Quicksilver Cash Rewards Credit Card. The 1.5% cash back rate is pretty standard, but Capital One takes this to the next level by allowing cardholders to redeem their cash back in any amount, at any time. The cash back doesn’t expire, either. Other cards typically require redemptions of $25 or more, and may only allow cash back to be active for a specific time frame. This gives Capital One Quicksilver Cash Rewards Credit Card holders the freedom to reap the benefits of the cash rewards, no matter how small the purchase.
Another perk to the Capital One Quicksilver Cash Rewards Credit Card is the sign-up bonus. While the card doesn’t have an outrageously great sign-up bonus, it’s still pretty good compared to other cards. You won’t need to spend thousands during a short period just to get a little bonus cash.
Capital One Quicksilver Cash Rewards Credit Card members get a one-time $150 cash bonus after spending $500 in the first three months of the account opening. This shouldn’t be too much trouble, either, as the introductory APR is 0% for 15 months. The Capital One Quicksilver Cash Rewards Card may be a great option for those with a big purchase coming up, yet they don’t want to put it on an existing card due to higher interest rates. Think big purchases for vacations, holidays, birthday gifts, and more. However, you’ll want to mark your calendars for when that 15 months end. The ongoing APR is 15.24% – 25.24% Variable APR and this card charges 3% on balance transfers. In general, this card isn’t recommended for those looking for great balance transfer options.
Overall, the Capital One Quicksilver Cash Rewards Credit Card is a no-nonsense credit card with good cash rewards. Depending on what you’re looking for, this card could be a perfect fit for basic, every-day purchases.
Now that we’ve gone over the benefits to the Capital One Quicksilver Cash Rewards Credit Card, its time to do our due diligence and go over where the card starts to fall short.
While the flat 1.5% cash back rate may be great for people with varied spending habits, it’s not the best for everyone. If you’re someone who spends a lot on certain categories such as groceries, gas, or dining, you’ll probably want higher cash back on those categories. An example would be the Capital One SavorOne Cash Rewards Credit Card. With this card, you get 3% cash back on dining and entertainment, 2% back at grocery stores, and 1% back on everything else.
Say you’re a strategic spender, who likes to cash in on rotating bonus categories. Then, the Capital One Quicksilver Cash Rewards Credit Card will likely let you down due to the flat 1.5% cash back rate. Instead, you can look to the Chase Freedom card. This credit card offers rotating bonus categories where cardholders earn up to 5% cash back on specific categories every three months. And, the cash back is good up to $1,500 each quarter. These cards would be a better option for someone looking to stay up-to-date and excited about rotating spending categories.
If you’re looking for long-term benefits, you may want to research other card options, too. While the Capital One Quicksilver Cash Rewards Credit Card has a nice sign-up bonus, other cards may offer better cash back rates over time. So, if you’re not dependent on a sign-up bonus, research other cards with combined cashback rates. This will give you more cash back over a longer period rather than a quick cash bonus at sign up.
The Capital One Quicksilver Cash Rewards Credit Card is a great option for people looking for an easy-to-use credit card with no confusing details or fees. However, if you’re an experienced credit card user looking for something more than standard cashback rate and sign-up bonus, try researching other credit card offers before applying for the Capital One Quicksilver Cash Rewards card.
Now you’re probably wondering, “Should I apply for the Capital One Quicksilver card?” While no one can make that decision for you, here are a few things to consider. If you’re looking for a hassle-free credit card with great cash rewards on everyday purchases, the Capital One Quicksilver Cash Rewards Card is right up your alley. However, if you’re interested in higher rewards rates or special types of rewards, you are better suited for another credit card.
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