Accepted Credit Scores
Fair Credit, Limited History
Capital One QuicksilverOne Cash Rewards Credit Card
Editor’s Take
John Kiernan, Credit Card Editor
July 22, 2021
Review: Capital One QuicksilverOne
The Capital One QuicksilverOne Cash Rewards Credit Card is the best general-purpose rewards credit card available to people with limited or fair credit, thanks to a cash-back earning rate that’s nearly 40% higher than the market average. But its annual fee means QuicksilverOne is only worthwhile for folks who plan to regularly make purchases with plastic.
Here’s what you need to know:
Here’s what you need to know:
- Generous, straightforward rewards. Capital One QuicksilverOne offers 1.5% cash back across all purchases. Not only does that blow away the 1.11% available from the average cash rewards card, but it also lacks the annoying complexities that are common with many offers (e.g., earning rates that vary by purchase category). Plus, you won’t have to worry about how much your rewards are worth, since you’ll be earning cash instead of points or miles.
- $39 annual fee. We generally recommend no annual fee credit cards to people with below-good credit. But that’s because most credit cards for people with fair, limited or bad credit don’t offer good enough rewards to warrant paying a fee. That’s not necessarily the case with the Capital One QuicksilverOne Card. You’ll break even, meaning your cash-back earnings will equal the card’s $39 annual fee, by spending $2,600 per year. So as long as you plan to do that, the fee isn’t really anything to worry about.
- Not the card for carrying a balance. The Capital One QuicksilverOne Card’s APR is well above the average among credit cards for people with fair credit, according to WalletHub’s latest Credit Card Landscape Report. So you should only get it if you plan to pay your bill in full every month (as is generally the case with rewards cards).
- No penalty for international use. Capital One is one of the only major issuers to remove foreign-transaction fees from all of its credit card offers. So you won’t get penalized – the market average is 1.45% – for using the QuicksilverOne Card to make purchases through international merchants or when traveling abroad. That’s good.
- Available to people with limited/fair credit. QuicksilverOne wouldn’t be anything special if it wasn’t available to relatively unproven consumers. But it is, providing a way to make credit-building pay off even more than normal. If you’re not sure where your credit currently stands, you can check your latest credit score for free on WalletHub and then track your improvement with daily updates. And if you find that you actually have good or excellent credit, you should be able to qualify for the standard Capital One Quicksilver Cash Rewards Credit Card.
This Capital One QuicksilverOne review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
July 22, 2021
Capital One QuicksilverOne's Rewards
- Earn unlimited 1.5% cash back on every purchase, every day
- Earn cash rewards without signing up for rotating categories
- No limit to how much cash back you can earn, and cash back doesn't expire for the life of the account
Capital One QuicksilverOne's Key APRs & Fees
|
Purchase Intro APR
|
Transfer Intro APR
|
Regular APR
|
|---|---|---|
| Not Offered | Not Offered | 26.99% (V) |
|
Purchase Intro APR
|
Not Offered |
|---|---|
|
Transfer Intro APR
|
Not Offered |
|
Regular APR
|
26.99% (V) |
| ANNUAL FEE
|
$39 |
|---|---|
| BALANCE TRANSFER FEE
|
$0 at this Transfer APR |
Capital One QuicksilverOne's Additional Info
| MAX LATE FEE
|
$40 |
|---|---|
| MAX OVERLIMIT FEE
|
None |
| MAX PENALTY APR
|
None |
| GRACE PERIOD
|
25 days |
| ONLINE RESPONSE
|
No |
| CASH ADVANCE APR
|
26.99% (V) |
| CASH ADVANCE FEE
|
3% (min $10) |
| FOREIGN TRANSACTION FEE
|
$0 |
| SMART CHIP
|
Yes, chip-and-signature |
- Be automatically considered for a higher credit line in as little as 6 months
- Monitor your credit profile with the CreditWise® app, free for everyone
- $0 fraud liability if your card is ever lost or stolen
- Help strengthen your credit for the future with responsible card use
- Get customized alerts and manage your account with the Capital One mobile app
- Last updated on 7/22/2021
at Capital One's
secure site
Editor's Pick
Capital One QuicksilverOne is an Editor's Pick for:
Related Credit Cards
If you are interested in the Capital One QuicksilverOne Cash Rewards Credit Card, check out the following credit cards as well:
Related Credit Card Categories
Capital One QuicksilverOne Cash Rewards Credit Card is related to the following categories:
Customer Questions and Answers
Don't see what you're looking for? Submit your question about Capital One QuicksilverOne Cash Rewards Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
Capital One Platinum vs. QuicksilverOne: Which is better for no credit? Reply 16votes14votes
Maria Adams
@m_adams
When you compare Capital One Platinum Credit Card vs. Capital One QuicksilverOne for no credit, the main differences are that Capital One QuicksilverOne gives 1.5% cash back on all purchases and has a $39 annual fee. On the other hand, Capital One Platinum does not offer rewards and has a $0 annual fee. Other than that, Capital One QuicksilverOne vs. Capital One Platinum is a draw. Both cards are for people with limited. And both cards charge $0 foreign transaction fees.
Capital One Platinum and Capital One QuicksilverOne are both great starter credit cards. They’re designed to help people with limited or no credit experience to build good credit scores inexpensively. Which of the two will be better for you depends on how much you plan to spend. Capital One QuicksilverOne is better if you plan to charge at least $2,600 a year ($216.67 per month) because that’s when the rewards will cover the cost of the annual fee. Capital One Platinum is preferable otherwise.
16
Upvotes
How much is the Capital One QuicksilverOne credit limit? Reply 9votes2votes
Brianne Larch
@BrianneLarch
The Capital One QuicksilverOne credit limit is $300 or higher. There's no way to tell upfront how high your QuicksilverOne limit could get, but if you make your first 6 monthly payments on time, you could get access to a higher credit line. Capital One is known for offering credit limit increases to cardholders who regularly use their cards and pay on time.
9
Upvotes
Is there a Capital One Quicksilver One foreign transaction fee? Reply 14votes11votes
Bogdan Roberts
@bogdan_roberts
The Capital One QuicksilverOne foreign transaction fee is $0. This means you will not be charged extra when you make purchases outside the U.S. (or online, from international merchants) using the Capital One QuicksilverOne. Foreign transaction fees on credit cards range from 0% to 3%, depending on the card and issuer. Capital One does not charge foreign transaction fees on any of its personal or business credit cards.
The $0 foreign transaction fee is just one of the features that make Capital One QuicksilverOne a worthwhile rewards card. It’s pretty easy to get, available even to people with limited. It also offers 1.5% cash back on all purchases to cancel out its modest $39 annual fee. Capital One QuicksilverOne is a Mastercard credit card network, which means you’ll also benefit from wide-ranging international acceptance.
14
Upvotes
How can I get a Capital One QuicksilverOne credit limit increase? Reply 6votesvotes
Sue Patterson
@sweetsue
You can get a Capital One QuicksilverOne credit limit increase by requesting it either online or over the phone, by calling Capital One customer service.
That’s not the only way to do it, however. Capital One will start to automatically review your Capital One QuicksilverOne account history after 6 months of having the account to see if you’re eligible for a credit limit increase. If you are eligible, you will be offered an increase without requesting it.
Here’s how request a Capital One QuicksilverOne credit limit increase online:
- Log in to your Capital One online account home page
- Click the "Services" tab
- Click the "Request Credit Line Increase" link
- On the request form, enter your total annual income, employment status, monthly housing payment, and maximum desired credit limit
- Click "Submit"
To increase your odds of getting approved for a Capital One QuicksilverOne credit limit increase, you should maintain good payment history, increase your annual income, and increase the amount you spend on the card. But if you spend more on the card, make sure it’s an amount you can easily pay off at the end of the month. Overspending is a bad habit, especially if you’re trying to build credit.
6
Upvotes
What are the Capital One QuicksilverOne credit card score requirements? Reply 31votes23votes
Thom Fotenberg
@thom.f
The Capital One QuicksilverOne credit score requirement is 640 or higher or even limited credit; this means you need to have fair credit to get it, but this card also accepts applicants with less than 3 years of credit history.
Having said that, it is also worth noting that Capital One will also look at your entire credit history, income and ant debts you might have, so your credit score alone doesn't guarantee approval.
That is decent enough for a credit card designed to start your credit career, which even brings 1.5% cash back to the table.
31
Upvotes
How do I do a Quicksilver One to Quicksilver upgrade? Reply 20votes11votes
Patrick Murphy
@stpatrick1982
To upgrade from Quicksilver One to Quicksilver, you can accept Capital One's online, mail, or e-mail offer. Cardholders who are eligible for an upgrade will be notified through an "Upgrade Now" banner online or by mail. If you haven’t received a notification, you can always contact customer service at 1 (800) 227-4825 and ask if you’re eligible for an upgrade. There’s no credit check associated with a request to upgrade. If Capital One determines you are eligible and you agree to the upgrade, there will be a hard inquiry on your credit report. This will temporarily lower your credit score by a few points.
To accept an online offer, log in to your account and click the "Upgrade Now" banner. A "Finalize Upgrade" window will appear. Review the upgrade terms, check the box stating you agree to them and select "Upgrade Card." For other offers, follow the instructions in either the letter or e-mail that you received. Unless stated otherwise in the offer, your card number, APR and credit limit will stay the same. You can still use your old card until the new card arrives in 7 to 10 business days.
20
Upvotes
Is the $39 annual fee due before the card is activated? Reply 61votes41votes
61
Upvotes
What is the likely id get approved with a credit score of 649 ? Reply 37votes15votes
Michael
@michaeld_744
As long as you don’t have a lot of negative items on your credit report your chances are good. It’s a great bank when it comes to help with credit repair.
37
Upvotes
Who is the Capital One Quicksilver One issuer? Reply 31votes17votes
WalletHub
@WalletHub
The Capital One QuicksilverOne Cash Rewards Credit Card is issued by Capital One. It is on the Mastercard network.
31
Upvotes
What are the incentives or rewards? Reply 29votes21votes
Leon Denerus
@Leo.DC
1.5% cash back on all purchases (via statement credit, check or gift card). And rewards don’t expire.
29
Upvotes
Capital One QuicksilverOne Video Review
Capital One QuicksilverOne Reviews
Share your insights and review the Capital One QuicksilverOne Cash Rewards Credit Card.
Aug 02, 2021
Perfect card Perfect company. Capital one is awesome. Helped me when nobody else would. Only will keep a capital one card in my wallet. I recommend to everyone
Comment
Aug 02, 2021
Great cash rewards and very Easy to make payments with app. Only downside is, it takes a week for payments to reflect on account even if payment was already debited from your checking. It’s okay though.
Jul 29, 2021
I have had great experiences with Capital One. They have really helped me when I needed it the most! They helped me when others didn’t.
Jul 27, 2021
Had this card with a credit limit of $300.00 for 5 months now. Just checked my card balance and i received a $300.00 credit increase without asking made small purchases regularly and paid more than minimum payments required on my way to rebuilding my credit hoping for a venture card next..
Jul 24, 2021
I love this card. They are very helpful when I have questions. I get credit line increases and the rewards are awesome. I love cap one
Jul 12, 2021
Verified Customer
Excellent card to have..no issues with this card, I use it for gas and groceries mostly..my monthly rewards are normally 20 to 30 dollars
Jun 20, 2021
Verified Customer
This is a great credit card with some amazing benefits and very forward thinking built in security features. The only downside I have found is an annual fee.
Jun 15, 2021
Verified Customer
Capital One has always been great to me. So great that it makes it hard to believe even though they provide the smallest and slowest credit limit increases ever compared to any of my other cards.
Jun 14, 2021
Verified Customer
A really good card. I love using it and I would recommend to others. Good conversion, good rewards and a great return on investment.
Jun 10, 2021
Verified Customer
They're great but the balance is wrong it's 0 as of June 15th 2021. So they need to update faster with credit agency's it should of already been updated last month when the bill was paid in full.
Jun 10, 2021
Verified Customer
The cash back rewards is a positive aspect of this card. I have three (3) Capital One cards and they have been easy to manage... especially on the app and have helped my credit score to rise at a nice pace. I highly recommend ANY Capital One cards!
Jun 09, 2021
Verified Customer
Horrible everything, there's nothing that made me happy about this card from being the customer or and Auth user I would NEVER in life go back to !!!!!!! CAPITAL ONE NEVER !!!!!!
Jun 03, 2021
Verified Customer
Another great capital one card to rebuild my credit and help ensure my financial future with fair rates and excellent customer care!
May 31, 2021
Verified Customer
Capital One has really given me the chance to build my credit and show trust in my capabilities. I would recommend this card. My credit was 650 and they sent me a promo. Def sign up for them
May 23, 2021
Verified Customer
This is a nice card, except for the interest rate. Good rewards, good customer service, and they even gave me an increase on my credit line.
May 03, 2021
Verified Customer
Should be proposing credit increase based on activities and payment history. Don't feel too much communications for potentially helpful tips.
Apr 27, 2021
Verified Customer
I pay this card off twice monthly and I still can not get a credit limit increase on this card. My credit score is much higher than it was when this account was opened. I don't use much of my other credit but again, I can not get Capital One to increase my credit limit. They said my accounts on my credit reports are too high. I don't owe anyone. I have written capital one without any success. So I give up and just stop using the card period.… show more
Apr 27, 2021
Verified Customer
It’s an okay card just SLOW on helping you build your credit score. Credit increase after a year of waiting. Barely gives you anything. Especially for it to be such a big bank name
Apr 25, 2021
Verified Customer
I love this card, I thank you capital one for the chance to improve I’m creditworthy. It’s been a joy using this card. No hassle no worries.
Apr 24, 2021
Verified Customer
Great card that was upgraded....can't beat the perks. I been part of the capital one family for almost 10 years now. Definitely a great company
Apr 23, 2021
Verified Customer
A pretty good card the base reward rate is decent small annual fee can’t complain about it there are no foreign transaction fees associated a decent card
Apr 19, 2021
Verified Customer
Great credit rebuild card. Regular increases with on time payments no annual fee. Rewards card. Easy to get. I love this card!!!!!!!
Apr 14, 2021
Verified Customer
Have had this card two years on time payments the entire time but yet have not been offered any other capital one cards or credit line increase
Apr 11, 2021
Verified Customer
Refuses to upgrade card even with never missing a payment or overspending. They push to reapply for a new card which would remove the 2 years of credit history from the secured card and do the opposite of build my credit. This card is a trap to continuously pay fees just to keep it open
Apr 08, 2021
Verified Customer
That was my first credit card. Really good opportunity to start my credit score.
I appreciate it
I appreciate it
Apr 07, 2021
Verified Customer
the capital one card experience is great there is always someone there if you should have questions. i recommend this card to anyone looking for a good one
Apr 03, 2021
Verified Customer
Capital one is the worst I’ve ever encountered. All about squeezing money out of the card holder! Don’t expect a CLI they will ask you to spend more credit just to report a card max out then go silent on you. I tell my friends all the time DISCOVER is the way to go NOT Capital
Apr 03, 2021
Verified Customer
I got the Capital One Platinum in July 2018 and got the QuicksilverOne in October 2018, both $300 CLI, with a credit score of 585 for both and 4 collection accounts.
I have not been great financially and have been carrying a balance on both, however at 6 months I got CLI to $500 for both. Now last month I got a CLI on my QuicksilverOne of $2,000. I have now gotten my credit and score up and paying off my cards and ready to get a mid-tier card. Capital One has really helped me to restablish my credit. I pay my credit cards as soon as the bill is generated and never been late.… show more
I have not been great financially and have been carrying a balance on both, however at 6 months I got CLI to $500 for both. Now last month I got a CLI on my QuicksilverOne of $2,000. I have now gotten my credit and score up and paying off my cards and ready to get a mid-tier card. Capital One has really helped me to restablish my credit. I pay my credit cards as soon as the bill is generated and never been late.… show more
Mar 31, 2021
Verified Customer
Great Card that l haven't had long. I had the Quick Sliver before and canceled it because I lost it I wanted to get another one but got declined because of an error on my credit reports. All is well now. They gave me an increase in 2 months without my having to ask for one.
Mar 27, 2021
Verified Customer
Really good way to start building up your credit score for someone without a credit score or a credit card may have not a lot of rewards but a good way to start on track.
Mar 25, 2021
Verified Customer
Super amazing absolutely love it!! Super amazing absolutely love it!! Super amazing absolutely love it!! Super amazing absolutely love it!!
Mar 19, 2021
Verified Customer
When ck said that I was pre-approved for this card I was cautious to apply for it because I was trying to improve my credit score to my surprise I was approved. I use this card for everyday purchases no complaints so far
Mar 19, 2021
Verified Customer
Excellent customer customer, quick response to false charges. I’m very glad to have this card and hope to keep it open for a very long time. Perfect for rebuilding credit and for unexpected emergencies.
Mar 16, 2021
Verified Customer
Solid credit card with a flat 1.5 cash back rewards. Capital one is a great bank to do business with, with great cards to choose from and great customer service.
Mar 16, 2021
Verified Customer
Even through COVID they didn’t give me a one-month break payment even when I took advice from financial services to call and ask for an exception they don’t work with me they put me in late payment and boost up my % they ruined my credit score
Mar 14, 2021
Verified Customer
I’ve had the Cap One Quicksilver card for 2 yrs with impeccable payment history. I like the cash rewards but Cap One has only given me 2 small CLIs & won’t budge on the Annual Fee. I keep a low to zero balance monthly & I’m using the card consistently. Pretty soon I will likely cancel it or put it in a drawer & use another credit card. My mom, sister, & brother all have Cap One cards, although they are not Quicksilver. They each said Cap One is stingy on CLIs.… show more
Mar 13, 2021
Verified Customer
It’s 10:15 pm , arrive home from hospital, little bit ago, lost an elderly uncle today due to COVID and these people (Capital) assigned a late notice to credit bureaus for me paying late 2 hours, hard to believe, after all these years. Finished with them
Mar 13, 2021
Verified Customer
Get only if no options. Try Capital One, Discover, and Citi secured first. They don’t give good increases and charge a fee when they do. Only keeping until my length of history in my profile is better.
Mar 13, 2021
Verified Customer
Good entry-level cash back card with low annual fee, consistent credit line increases and the potential to convert to a better card in the future- no annual fee, better rewards, lower apr etc.
Mar 09, 2021
Verified Customer
Nearly impossible to get credit limit increases over 100$ despite substantial increase in credit scores and regular usage of the card.
03/10/21
If they won't increase the limit and you have been paying on time, apply for other cards. When approved, close this card out.
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not the issuer’s responsibility to ensure all posts and/or questions are answered.
Last updated on: Jul 22nd, 2021 at 09:05 ET
Editor's Pick
Capital One QuicksilverOne is an Editor's Pick for:
Related Credit Cards
If you are interested in the Capital One QuicksilverOne Cash Rewards Credit Card, check out the following credit cards as well:
Related Credit Card Categories
Capital One QuicksilverOne is related to the following categories:
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not the issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Jul 22nd, 2021 at 09:05 ET