Pros
- 1.5% cash back on all purchases
- Available to people with limited or fair credit
- No foreign transaction fees
Cons
- $39 annual fee
- Above-average regular APR
Capital One QuicksilverOne Cash Rewards Credit Card
- 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
Rewards Details
- Earn unlimited 1.5% cash back on every purchase, every day
- No rotating categories or limits to how much you can earn, and cash back doesn't expire for the life of the account. It's that simple
- Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
- 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
Additional Info
- Be automatically considered for a higher credit line in as little as 6 months
- Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
- Help strengthen your credit for the future with responsible card use
- Monitor your credit score with CreditWise from Capital One. It's free for everyone
- Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you're all set
- More Details & Reviews About Capital One QuicksilverOne Cash Rewards Credit Card
Is Capital One QuicksilverOne Worth It?
The Capital One QuicksilverOne Cash Rewards Credit Card is worth it for people with limited credit because it offers reward rates not usually available to people at that credit level, giving 1.5 - 5% cash back. The card does have a $39 annual fee, but it’s easy to offset that with the substantial rewards it provides.
In addition, Capital One QuicksilverOne has a $0 foreign transaction fee. It’s also great for building credit, and reports to all three major credit bureaus on a monthly basis.
How Much Do You Have to Spend to Make Capital One QuicksilverOne Cash Rewards Credit Card Worthwhile?
To make Capital One QuicksilverOne worthwhile, you will generally need to spend at least $2,600 per year (the point at which 1.5% cash back offsets the annual fee). You can lower this number to as little as $780 per year if you take advantage of the card’s bonus rewards rate of 5% cash back on hotels and rental cars. The hotels and rental cars must be booked through Capital One Travel, though.
In addition, you should make sure to pay your bill in full by the due date each month, as the card’s expensive 30.49% (V) APR can easily whittle away at any rewards you get.
Capital One QuicksilverOne Review Highlights
1.5% Cash Back on All Purchases
The average cash-back credit card offers a 1.14% base earning rate, according to WalletHub’s latest Credit Card Landscape Report. You therefore stand to reap 40% more than the market average from QuicksilverOne, despite having decidedly below-average credit standing.
And, as mentioned above, you only have to spend $2,600 per year – roughly $216.67 per month – to effectively pay your annual fee with earnings. If you spend $500 per month, on the other hand, you’ll pull in an annual profit of about $51 after subtracting the annual fee. You can also set up automatic redemption, either by date or based on amount of earnings accrued. Plus, cardholders earn 5% back on hotels and rental cars booked through Capital One Travel.
Capital One QuicksilverOne Review Lowlights
$39 Annual Fee
The Capital One QuicksilverOne Cash Rewards Credit Card has a $39 annual fee. This annual fee makes Capital One QuicksilverOne more expensive than the average credit card offer, but it can be worth paying if you take full advantage of the card’s rewards. For example, you could break even by spending as little as $780 - $2,600 per year and paying your bill in full monthly.
Roughly Average Regular APR
You certainly don’t want to be carrying much of a balance at the rate charged by the QuicksilverOne card because while 30.49% (V) is roughly in line with what you might expect from a credit card designed for people with limited credit, it’s still higher than the averages for “fair-credit” credit cards (25.77%) and secured credit cards (22.34%). If you plan to either finance upcoming purchases or transfer a balance, you can use WalletHub’s credit card calculator to plan your monthly payments and gauge how expensive incurring interest would ultimately be.
Other Things to Consider About Capital One QuicksilverOne
Credit Line-Increase Reviews
After six months, you will become eligible for a credit-line increase. That doesn’t mean you are guaranteed to get a higher spending limit, but one will be automatically applied if Capital One deems you worthy. Should you not receive a higher limit after half a year, you can always just ask for one. You can find some tips for doing so in our guide to getting a higher credit limit.
No Foreign Transaction Fees
Despite the fact that we live in a global economy, most credit cards still penalize users for traveling abroad or making purchases from internationally based merchants. In fact, the average credit card still assesses a surcharge of 1.54% on such transactions.
In contrast, however, QuicksilverOne does not charge foreign transaction fees, allowing you to travel and shop around the world at no added cost. This also enables you to maximize the average 7.14% currency-conversion savings you can derive from using a credit card on the Mastercard or Visa network, rather than exchanging hard currency at a bank or airport kiosk, when headed out of the country.
Other “Quicksilver” Cards
The Capital One QuicksilverOne Cash Rewards Credit Card isn’t the only “Quicksilver” card offered by Capital One. There are actually several different cards, each of which is tailored to different credit levels. To start, there’s Capital One Quicksilver Secured, which requires a security deposit and is good for people with bad credit. There’s also the Capital One Quicksilver Student Card, which is an especially good rewards card for college students. And finally, there’s Capital One Quicksilver for people with at least good credit, which sweetens the deal with a $200 initial bonus.
Capital One QuicksilverOne vs. The Competition
| Info | Capital One QuicksilverOne Cash Rewards Credit Card | Capital One Platinum Credit Card | Capital One Platinum Secured Credit Card |
|---|---|---|---|
| Annual Fee | $39 | $0 | $0 |
| Bonus Offer | N/A | N/A | N/A |
| Rewards Rate | 1.5 - 5% Cash Back | N/A | N/A |
| Purchase Intro APR | N/A | N/A | N/A |
| Transfer Intro APR | N/A | N/A | N/A |
| Regular APR | 30.49% (V) | 30.49% (V) | 30.49% (V) |
| Editors' Rating | 4.7 | 5 | 5 |
| Details, Rates & Fees | Learn More Rates & Fees | Learn More Rates & Fees | Learn More Rates & Fees |
Capital One QuicksilverOne Cash Rewards Credit Card Review Methodology
This Capital One QuicksilverOne Cash Rewards Credit Card review is based on WalletHub’s proprietary 100-point credit card rating system. By using a consistent methodology to evaluate the Capital One QuicksilverOne Cash Rewards Credit Card and all other cards, WalletHub’s credit card experts make it easy for people to compare their options and find the best credit cards for their needs.
The WalletHub rating system uses 16 key metrics grouped into seven categories: Fees, Rewards, Two-year Cost, Interest Rates, Approval Requirements, Special Features, and Reviews. Each metric has a maximum number of points allocated to it, based on the metric’s importance as determined by our editors. The points are added up to create an overall rating for the Capital One QuicksilverOne Cash Rewards Credit Card out of a maximum of 100 points, which is then converted to a 5-point scale.
Ratings for each category reflect how close Capital One QuicksilverOne is to WalletHub’s definition of a 5-star credit card, which is based on market conditions and what we believe are reasonable terms. We compare Capital One QuicksilverOne to that standard to give a numerical approximation of how reasonable and competitive its terms are compared to other cards.
To learn more about how WalletHub rates credit card offers, check out our full credit card review methodology.
