Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit Card
$200 Cash Back
after you spend $500 on purchases within 3 months from account opening.
$200 Cash Back
after you spend $500 on purchases within 3 months from account opening.
Accepted Credit Scores
Excellent Credit, Good Credit
Annual Fee
$0
Rewards
One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
Earn unlimited 1.5% cash back on every purchase, every day
Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
APR on Purchases
0% intro APR for 15 months, 15.24% - 25.24% (V) APR after that
Balance Transfer
0% intro APR for 15 months, 15.24% - 25.24% (V) APR after that
Balance Transfer Fee
Editor's Take
Capital One Quicksilver Pros & Cons
$200 initial bonus
1.5% cash back on all purchases
No annual fee
0% intro APR on purchases and balance transfers
Potential for a very high interest rate
Balance transfer fee
Requires good/excellent credit
Capital One Quicksilver's Additional Info
cash advance fee | 3% (min $10) |
cash advance APR | 25.24% (V) |
foreign transaction fee | $0 |
smart chip | Yes, chip-and-signature |
max late fee | $40 |
max overlimit fee | $0 |
max penalty APR | None |
grace period | 25 days |
$0 annual fee and no foreign transaction fees
0% intro APR on purchases and balance transfers for 15 months; 15.24%-25.24% variable APR after that
Capital One Quicksilver FAQ
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I think I may have gone over my credit limit. Will I get fined or an overdraft fee?
How long after I apply will my card be issued?
Does this card offer travel insurance?
Is there rental insurance coverage?
Do you do a soft pull
What is the Capital One Quicksilver Credit Card authorized user bonus?
what is considered a purchase
When does the Capital One Quicksilver card report to credit bureaus?
How can I freeze my Capital One Quicksilver Card ?
Compare The Capital One Quicksilver
Capital One Quicksilver Video Review
Capital One Quicksilver Reviews
Share your insights and review the Capital One Quicksilver Cash Rewards Credit Card
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I've had this card for several years. Always paid on time, happy with everything until it got compromised due to a fraudulent attempt this weekend. Thankfully with the Capital One Wallet app, I caught it right away and locked my card. I called in to get it closed and replaced. When the new card arrived, a sticker on the front read that it was already activated- that was new/different than ususal, but I shrugged it off and put it in my wallet.
Unfortunately, when I went to use it the next day, it was declining. I logged in online and it said my new credit card account was locked and I needed to call the fraud team. Very strange, since I thought the fraud was handled and this was a new card. I called in, and they told me my credit card address was flagged as "bad" and I needed to provide my driver's license scanned back-to-front, proof of residence, and my social security card scanned to get the hold removed. Wait, what? Why should I have to do any such thing after being a recent victim of fraud? What made even less sense was that the address the fraud team flagged as "bad" is the same one I do all my Capital One banking at, where my credit card has been registered for months, and where they shipped the new card. And if they genuinely felt my address was even potentially "bad" or "fraudulent" (both suggestions are logically absurd), why would you bother to ship the new card here?! That above all else shows clearly, the issue is rigid customer service, not my actual consumer safety from fraud. To me, it sounds like a computer algorithm flagged something erroneously, and a human needs to take the extra step to apply the logic at hand to remove that flag for a loyal, paying customer. No such thing at Capital One "fraud protection" services!
When I tried to explain all this to the rep, I was pretty much ignored. I needed to give them all the aforementioned information, and that was the only solution to a problem I didn't create. No option to escalate to a manger who could help out, no application of basic logic (why suddenly flag this address out of the blue? Why not just call the banking side of operations and cross reference that my address is the same across accounts and settle it that way?). I was so fed up being ignored by the rep, I thanked them and ended the call, and tried calling in again to hope that a human would answer this time. Same roadblock reasoning! The computer is the be all end all. They have no interest in doing their job (customer service), just ticking off whether they got all the information required to clear the flag.
So I'm done with it- the new card can stay on hold, and I'm moving on from QuickSilver. Capital One has enough of my information, and if this is how they treat a loyal, paying customer when fraud occurs, then I'll take my credit card business somewhere that can handle it right. Don't make a customer twice the victim in the name of "security" (again, so secure you shipped the card here). Use your heads, and train a team equipped to provide actual customer service, insted of blindly following an auto prompt. If you can't, at least develop a protocol or route for things to get escalated to a manager than can help.
PROS
1) Great customer service via the Capital One website (easy to use format);
2) No foreign transaction fee (you don't know how handy this is until you need
it);
3) On the no foreign fee, Visa/ Mastercard is accepted everywhere, including
East Africa!
4) Visa benefits (travel insurance, rental car insurance is high, concierge
service, road side asst. concierge);
5) Charge back Process if you get into it with a merchant is good;
6) Rewards procedure is straightforward and simple;
7) No annual fee, great for building credit;
8) Decent sign up bonus for those not having much credit history
CONS
1) High fee if you keep a balance;
2) Rewards rate is low;
3) Cap one is stingy on credit line increases and initial credit limit.
Overall:
This is a great starter card with alot of versatility. I keep it around for the simplicity, no fee, and no foreign transaction fee. However, as: income/ credit score/ purchases increase I would upgrade to a better card.
However, when i spent 500$ and contacted them for the reward, they told me that i am not eligible as i signed up for the quicksilver one card. However i signed up with the link that provided the information about the benefits. The only reason i signed up for the card was because of the benefits.
I wasted my time, my money and my effort to choose Capital one. I am so very disappointed as i feel cheated. This is seriously not acceptable as i wanted to apply for a card for my personal use. I feel so cheated. I hereby request everyone not to sign up with them. Atleast not until you are at the bank and have a written guarantee of what you were promised!
Expert Thoughts on Capital One Quicksilver
WalletHub posed the following questions to a panel of experts in order to quickly help credit card shoppers become better acquainted with the Capital One Quicksilver Rewards Card. You can find the panel’s bios and responses below.
- Do you think most people would be better off with a credit card that gives cash back on all purchases or a card offering rotating bonus categories?
- How important would you say it is to have at least one credit card with no annual fee?
- Do you think Capital One is getting their money’s worth from the Quicksilver Card’s celebrity endorsers?
Ph.D., Associate Professor, Marketing, Raj Soin College of Business, Wright State University
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Associate Lecturer, University of Wisconsin–Parkside
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