Capital One Quicksilver Cash Rewards Credit Card
Rating
1.5% Cash Back on every purchase, every day. 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply).
The Capital One Quicksilver Cash Rewards Credit Card offers a straightforward cash back program with no annual fee, making it an attractive option for those seeking simplicity in earning rewards. This card combines ease of use with flexible redemption options, catering to consumers who prefer a no-fuss approach to credit card rewards.
Key Features
- Annual Fee: $0
- Welcome Bonus: One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
- Rewards Rate:
• 1.5% cash back on every purchase, every day
• 5% cash back on hotels and rental cars booked through Capital One Travel - Intro APR: 0% intro APR on purchases and balance transfers for 15 months (19.74% - 29.74% variable APR after that; balance transfer fee applies)
- Foreign Transaction Fees: None
Rewards and Redemption
The Quicksilver card's rewards program is designed for simplicity and flexibility:
- Earning Cash Back: Cardholders earn a flat 1.5% cash back on all purchases, with no caps or category restrictions
- Bonus Earning: 5% cash back on hotels and rental cars booked through Capital One Travel
- Redemption Options:
• Redeem for cash back as a statement credit or check
• Use rewards to cover recent purchases
• Redeem for gift cards
Cash back doesn't expire for the life of the account, and there's no minimum redemption amount, providing added flexibility for cardholders.
Travel Benefits
While not primarily a travel card, the Quicksilver offers some travel-friendly features:
- No foreign transaction fees, making it suitable for international use
- Travel accident insurance for added peace of mind
- 24-hour travel assistance services
Additional Perks
The card also includes some valuable shopping protections:
- Extended warranty protection on eligible purchases
- Virtual card numbers for safer online shopping
Who Should Get This Card?
The Capital One Quicksilver Cash Rewards Credit Card is ideal for:
- Those who prefer a simple, flat-rate cash back structure
- Consumers who want to earn rewards without paying an annual fee
- People who value flexibility in how they redeem their rewards
- Occasional travelers who appreciate no foreign transaction fees
While Quicksilver may not offer the highest cash back rate on the market, its simplicity, no annual fee, and flexible redemption options make it a solid choice for many consumers. It's particularly well-suited for those who want to earn rewards on all their purchases without the hassle of tracking categories or paying an annual fee. The added travel benefits and shopping protections enhance its value, making it a versatile card for everyday use.
Pros
Simple rewards structure: Flat 1.5% cash back on all purchases makes earning rewards straightforward
No annual fee: Maximizes the value of your rewards without an offsetting cost
Flexible redemption: No minimum redemption amount and various ways to use your cash back
Cons
Requires good to excellent credit: May not be accessible to all applicants.
Higher rewards available elsewhere: Other cards offer 2% or more cash back on all purchases.
Limited luxury benefits: Lacks premium perks found on some competing cards.
