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- Capital One QuicksilverOne Cash Rewards Credit Card
Best card for earning cash back across categories
- 1.5% Cash BackRewards Rate
- 30.74% VariableAPR
- $39Annual Fee
- Fair–GoodRecommended Credit
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The Capital One QuicksilverOne Cash Rewards Credit Card is one of the few good options for individuals with fair credit. It offers an unlimited 1.5% cash back reward on every purchase, but it has a $39 annual fee. The card also comes with a relatively high APR, but this shouldn’t be an issue if you don’t carry a balance.
Capital One QuicksilverOne Cash Rewards Credit Card Overview
With the Capital One QuicksilverOne Cash Rewards Credit Card, you earn 1.5% cash back on all your purchases. The rewards do not expire as long as your account remains active, and there’s no cap on how much you can earn. In addition, rewards are redeemable in any amount and at any time.
You can redeem your credit card rewards as a check, statement credit or gift card. You can also set up auto-redemption and automatically earn statement credits whenever your rewards reach a certain threshold. If you choose to buy gift cards, the amount you can get may be lower than your actual reward, so it’s better to have them as a check or statement credit.
Quick Take
- Earn unlimited 1.5% cash back on each purchase.
- Stand to earn cash rewards without signing up for rotating categories.
- Get considered for a higher credit line automatically after six months.
Important Card Details
You should know all the fees and understand the fine print to determine if the Capital One QuicksilverOne Rewards card is a good option for you. Ultimately, its biggest drawbacks are its annual fee and relatively high APR. However, those can be compensated for by the card’s unlimited cash back rewards if used responsibly.
Regular APR
At 30.74%, the Capital One QuicksilverOne Cash Rewards Credit Card has a relatively high variable APR (Annual Percentage Rate). This applies to purchases, balance transfers and cash advances. It is the sum of all the interest accrued by the card in a year.
Annual Fee
The card comes with a $39 annual fee, which is typical for cards that feature premium benefits. By spending at least $2,600 a year, you can make up for the card’s yearly fee through its cash back rewards.
Cash Back Rewards Rate
Every purchase you make using this card comes with a 1.5% cash back reward. If you spend $1,000, you’ll earn $15, which you can redeem through a check, statement credit or gift card. There’s no limit on the rewards you earn, and they don’t expire.
Balance Transfer Fee
If you transfer your old credit card balance into this card, you’ll be charged a 3% transfer fee. However, if you transfer a balance at the transfer APR, the fee is waived.
Additional Benefits
The Capital One QuicksilverOne Cash Rewards Credit Card has many other features and benefits that may make it an ideal card to have in your wallet.
- Automatic credit line reviews: In as little as six months, you’re automatically evaluated for a higher credit line.
- Account security: You won’t be responsible if any fraudulent purchase is made using your card. You can also have your card locked through the Capital One Mobile app if it’s misplaced, lost or stolen.
- 24/7 customer service: You can call Capital One’s customer service representatives at any time of the day.
- Access to CreditWise: Get free and unlimited access to your credit score and other monitoring tools through CreditWise. Use this tool to keep track of your finances and build your credit rating.
- Access to Eno: Eno is Capital One’s digital assistant that sends alerts, answers questions and generates virtual credit card numbers. You can even view your recent transactions and outstanding balance through Eno.
How the Capital One QuicksilverOne Cash Rewards Credit Card Compares To Other Cards
The Capital One QuicksilverOne Cash Rewards Credit Card is a good option for consumers with fair credit because of its cash back rewards on all purchases. However, its annual fee is something to consider. Choosing the right card will depend on your needs and spending habits.
In-Depth Credit Card Comparisons:
How the Capital One QuicksilverOne Cash Rewards Credit Card Compares
Capital One QuicksilverOne Cash Rewards Credit Card
- Annual Fee: $39
- Cash back rate: 1.5%
- Purchase APR: 30.74% variable
- Mini Verdict: Best for consumers who want to build their creditworthiness while earning cash back rewards in the process.
Capital One Platinum Credit Card
- Annual Fee: $0
- Cash back rate: N/A
- Purchase APR: 30.74% variable
- Mini Verdict: Great as a secondary card since it doesn’t have any annual fee.
Frequently Asked Questions
sources
- Capital One. "QuicksilverOne from Capital One." Accessed September 3, 2021.
- Consumer Finance Protection Bureau. "Credit card agreement database." Accessed September 3, 2021.
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