The
Capital One Quicksilver Student Cash Rewards Credit Card is a good credit card to consider if you’re a student and you want to earn cash rewards at an above-average rate while building your credit.
Capital One Quicksilver Student Card is worth getting it because it gives
1.5 - 5% cash back on purchases, has a
$0 annual fee, and is available to students with limited or no credit history.
To get the most out of the
Capital One Quicksilver Student Card, you will need to pay the bill in full every month. Otherwise, expensive interest charges will eat into your savings from rewards. Below, you can find more information to help you decide whether or not to apply for the
Capital One Quicksilver Student Card.
6 Key Things to Know About the Capital One Quicksilver Student Credit Card
$50 initial bonus
The
Capital One Quicksilver Student Card rewards new cardholders with
$50 after they spend at least
$100 within
3 months of opening an account. That’s exceptional on a percentage-return basis that’s good for a student card overall.
Good rewards on purchases
The
Capital One Quicksilver Student Card rewards cardholders with unlimited
1.5% cash back on all purchases. On top of that, cardholders earn 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel. For comparison, the average cash back credit card gives
1.17% back.
The Quicksilver Student Card’s rewards are also a lot more straightforward than those offered by some competing student credit cards. The Quicksilver Student Card’s rewards won’t expire as long as your account is open and in good standing, either.
$0 annual fee
A $0 annual fee is standard for a student credit card, though it does save you about
$26.75 per year compared to the average credit card offer, according to WalletHub’s latest
Credit Card Landscape Report.
You don’t want to pay an annual fee for a credit card until you’re in a position to qualify for extra rewards and perks that more than cover the added cost. That generally doesn’t happen until you have a good credit score.
$0 foreign transaction fee
No Capital One credit cards charge foreign fees. In this case, the lack of a foreign fee could help you save a lot of money when studying abroad.
Potential for a high interest rate
The
Capital One Quicksilver Student Card interest rate is
18.74% to 28.74% (V). Given how high your APR is likely to be, you should not carry a balance from month to month with this card. Paying your bill in full monthly prevents interest from accruing.
For context, the average APR among student credit card offers right now is
19.53%. As a result, it’s not a good idea to carry a balance with any student card when its regular APR is in effect.
Available to applicants with no credit
Not having any experience as a borrower won’t prevent you from being approved for the
Capital One Quicksilver Student Card. You cannot get this card if you have bad credit, though.
Bottom Line: Is Capital One Quicksilver Student Cash Rewards a Good Credit Card?
Yes, Capital One Quicksilver Student Cash Rewards is a great starter credit card for students with no credit. It is worth considering because it has a
$0 annual fee, gives
1.5% cash back on all purchases, is available to applicants who are new to credit, and reports account information to the major credit bureaus each month. That’s really all a student can ask for from their first credit card.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
