How can I redeem my Capital One Quicksilver rewards?

Capital One Quicksilver rewards are simple: You get 1.5% cash back on every purchase, with no limit on the amount you can earn, and you can redeem for a statement credit or check at any time. For context, most cash back credit cards give you 1% back as a base rate. And unlike rewards cards with points or miles, you’ll always know exactly how much your Capital One Quicksilver cash back is worth.... read full answer

So, the Capital One Quicksilver rewards program is generally characterized by a combination of simplicity and top-shelf savings potential. There are a few nuances you should be aware of, though.

Here’s what you need to know about Capital One Quicksilver’s rewards:

• There’s an initial bonus. Spending $500 within 3 months of account opening gets you an extra $200 cash bonus.
• Your cash back doesn’t expire. But you’ll lose it if you close your account or Capital One closes it for you (because you didn’t pay the bill, for example).
• You have redemption options. You can choose to schedule redemption of all your rewards at a certain time of year, or after you’ve earned a certain amount. You can manage all of these choices by logging in to your account at CapitalOne.com. You may also redeem your cash back for previous purchases or gift cards. If you don’t choose to set up automatic redemption, you’ll have to request your cash back through your account. You can do this at any time.
• You might be able to transfer. If you have another Capital One credit card account, it might be possible to transfer your cash back rewards there. But it depends on which card it is.

Overall, I’d definitely say Capital One Quicksilver is one of the best cash back credit cards. And I definitely recommend setting up automatic rewards redemption if you get it.

You can redeem rewards on a Capital One credit card by signing in in to your account online or by using the Capital One mobile app, and clicking on the “View Rewards” button or the rewards total at the top of the page. From there, you’ll see a list of rewards redemption options.... read full answer

The exact options depend on which Capital One credit card you have, but some common things you can do with your rewards include getting gift cards, paying for specific purchases or redeeming for cash back as a statement credit or paper check. You can also transfer your rewards to another Capital One credit card account.

How to Redeem Rewards on Popular Capital One Credit Cards

Capital One Venture Rewards Credit Card and Capital One VentureOne Rewards Credit Card

Miles can be redeemed for travel booking through the Capital One portal, or to “pay for” eligible travel purchases made in the past 90 days – from plane tickets to rideshare charges. You can also redeem your miles for gift cards, for cash back as a statement credit or a check, or you can transfer your miles to another Capital One account or an outside travel loyalty program.

Capital One Quicksilver Cash Rewards Credit Card and Capital One QuicksilverOne Cash Rewards Credit Card

Rewards can be redeemed as a statement credit or checks, or for gift cards. You can also redeem for credits toward previous purchases or share your rewards with another Capital One account (yours or someone else’s).

Capital One Savor Cash Rewards Credit Card and Capital One SavorOne Cash Rewards Credit Card

Rewards are redeemable as a statement credit or checks, as well as for gift cards and credits toward previous purchases.

Journey Student Rewards from Capital One

Rewards can be redeemed for cash back (as a statement credit or a check), gift cards, or credits toward previous purchases.

Capital One gives customers with cash back credit cards – Capital One Quicksilver, Capital One QuicksilverOne, Capital One Savor, Capital One SavorOne, and Capital One Journey – the option to set up automatic cash back redemptions when their rewards balance reaches a certain amount (with options starting at $25). You can also set up annual rewards redemption.

To set up auto-redemption, go to the Capital One rewards redemption page while you’re logged in, and click on the “Rewards Settings” tab. You can choose to redeem for statement credits or paper checks in the mail.