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Capital One Quicksilver Cash Rewards Credit Card Review

Capital One Quicksilver Cash Rewards Credit Card
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Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards Credit Card
Kale Havervold
May. 22, 2024
4 min read
Kale Havervold
Capital One Quicksilver Cash Rewards Credit Card Summary
Capital One was founded in Richmond, Virginia, in 1994. It’s currently one of the largest banks in the United States. The Capital One Quicksilver Cash Rewards credit card requires a very strong credit score, but it provides unlimited 1.5% cash back on all purchases and 5% back on hotels and car rentals booked with Capital One Travel. Other benefits include zero foreign transaction fees, $0 fraud liability, and no annual fee.

Pros

  • Generous 1.5% cash back on any and all purchases
  • No annual fee

Cons

  • Good to excellent credit required
  • 3% balance transfer fee for the first 15 months

Capital One Quicksilver Cash Rewards Credit Card at a glance

10
Editorial score

Fees

$0 annual fee, 3% fee on the amounts transferred within the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time
10.0

APR

19.99%-29.99% (variable)
10.0

Security

FDIC insured, SSL encryption plus biometric and two-factor authentication
10.0

Customer service

24/7 service with multiple communication options
10.0

Online experience

Excellent site and app with detailed FAQs, help center, and transparency of rates and features
10.0

Capital One Quicksilver Cash Rewards Credit Card Capital One Quicksilver Cash Rewards Credit Card Learn More

Overview

Since 1994, Capital One has become one of the most well-known banks in the country. It has over 50,000 employees and total assets of nearly $450 billion, offering auto loans and bank accounts in addition to dozens of credit cards.

The Quicksilver Cash Rewards card is reserved for those with excellent credit, and it provides several great features like no annual fee, 1.5% cash back on all purchases, a $200 cash welcome bonus, and 0% intro APR.

Suitable For?

This card is great if you have excellent credit and want a rewards card with no cap on the amount you can earn. Whether you make a single purchase or a hundred, you’ll get 1.5% cash back on all of them. It’s also a good choice for those who don’t want to pay an annual fee.

In addition, travelers can benefit from this card, as it provides 5% cash back when you rent a vehicle or book a hotel through Capital One Travel.

Interest Rates and Fees 

The interest rate for the Capital One Quicksilver card is 19.99%-29.99% (variable) based on your creditworthiness. There’s no annual or foreign transaction fee, but there’s a 3% balance transfer fee during the first 15 months (4% at a promotional APR that Capital One may offer you at any other time), a cash advance fee of 5% of the amount of the cash advance, but not less than $5, and a late payment fee of up to $40.

Interest rate

Annual fee

Balance transfer fee

Foreign transaction fee

Cash advance fee

Late payment penalty fee

19.99%-29.99% (variable)

$0

3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time

$0

5% of the amount of the cash advance, but not less than $5

Up to $40

Rewards and Cash Back

The Capital One Quicksilver Cash Rewards card provides 1.5% cash back on every purchase, plus 5% back on hotels and car rentals through Capital One Travel. These rewards won’t expire as long as you keep the account open.

You can get your cashback in the form of a statement credit or a check, or you can redeem it for gift cards. The card comes with a generous introductory APR offer of 0% on purchases and balance transfers for the first 15 months and a $200 one-time cash bonus if you spend $1,000 within three months of the account opening.

The Application Process

You can either apply online or head to a Capital One branch in your area to apply in person. 

The online application process begins with you providing some personal information like your name, date of birth, and social security number. Next, you’ll add your address, email address, phone number, employment status, income, and monthly rent/mortgage. You’ll also need to answer a few questions about your credit card usage. 

Once you submit your information, Capital One runs a credit check and approves your application in less than a minute. In some cases, the company will require additional information.

Upon approval, Capital One will mail you your card within seven to 10 business days.

Help and Support

Capital One offers 24/7 support over the phone and has dedicated numbers for credit card customer service, fraud protection, and online banking support. This ensures you can reach the right person quickly without the headache of constantly being transferred to different departments. 

It also provides a chat function with a virtual assistant available around the clock. You can also reach out on social media. The company will respond to direct messages on both Instagram and Facebook, and you can contact them on Twitter (@AskCapitalOne). 

Overall, getting support is easy, but make sure to have your account number handy when getting assistance over the phone.

The website also has a comprehensive Help Center, which is full of useful guides covering topics like managing your card and rewards, disputing a charge, and getting a replacement card. It is searchable, so finding help with your exact issue is easy.

Security

Capital One takes your security seriously. Its website uses SSL encryption, and it allows users to secure their accounts with two-factor and biometric authentication. It also requires identity verification to make certain transactions or changes to your account.

If the company notices suspicious activity on your account, it sends out security alerts, and you can easily lock your card, if need be, right in the app.

The company also provides $0 fraud liability, so you’re not responsible for any unauthorized charges if you lose your card or someone steals it. Capital One’s website provides helpful information on how to recognize common fraud scams and ways to protect yourself from identity theft.

FAQs

What credit score do you need for this card?

Capital One says applicants for this card require a good to excellent credit score, which generally means 670 or higher. Keep in mind that your score is only one factor that the team considers, and having this score won’t always mean you automatically qualify. Other factors companies may consider are your actual credit history, income, and the level of debt you have.

Can you transfer rewards?

Yes, you can. However, you can only transfer them to certain other Capital One rewards accounts, and not all rewards products are transferable.

Conclusion

The Capital One Quicksilver Cash Rewards card provides 1.5% cash back on all purchases and has no yearly fee. Applying for the card online is easy and quick, and Capital One takes your security seriously. While it requires excellent credit, this card is a good choice for those who qualify. The generous welcome bonus, introductory APR, and travel cashback also help this card stand out.

Capital One Quicksilver Cash Rewards Credit Card Capital One Quicksilver Cash Rewards Credit Card Learn More

Methodology

This review was created from information available on the Capital One website.

Kale Havervold
Written by
Kale Havervold
Kale Haverold is a freelance writer with over 5 years of experience crafting articles about credit cards, loans, debt, and a raft of other personal finance topics. His work has been featured on Top10.com, BestMoney, Yahoo, Hardbacon, and Loans Canada. Kale’s easy-to-digest, research-driven articles stem from his passion to share knowledge that helps readers make informed financial decisions.
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