Why we like this card: The Capital One Quicksilver Cash Rewards Credit Card combines a solid cash-back rewards system with travel perks, making this card a contender for frequent travelers. Instead of earning miles, you earn cash back that can be applied as a statement credit or toward other purchases. At the same time, you’ll also benefit from travel perks like extra cash back on hotels and rental cars and no foreign transaction fees.
- $0 annual fee
- 0% intro APR for 15 months on purchases and balance transfers (then 19.99%–29.99% Variable)
- Unlimited 1.5% cash back on all purchases plus
- No mileage rewards for travel
- No bonus categories to earn extra rewards
- 3% fee on balances transferred within the first 15 months of account opening
Capital One Quicksilver Cash Rewards: Overview
- Intro: 0% intro APR on purchases for 15 months (after that, the variable APR will be 19.99%–29.99%)
- Purchase: 19.99%–29.99% Variable, based on your creditworthiness
- Balance transfer: 19.99%–29.99% Variable
- Cash advance: 29.99% plus a fee of $3 or 3% of the amount of each cash advance, whichever is greater
Annual fee: $0
Foreign transaction fee: 0%
Late payment fee: Up to $40
The Capital One Quicksilver Cash Rewards Credit Card is a solid choice for anyone who gets frustrated tracking bonus rewards categories. Instead of rotating categories like many other cards, you get a flat 1.5% cash back on every purchase with no cap or spending limit, plus 5% cash back on hotels and rental cars booked through Capital One Travel. You can redeem rewards for a statement credit or gift cards or use points for purchases at Amazon or via Paypal.
The card also boasts no annual or foreign transaction fees, travel accident insurance, and 24/7 travel assistance to replace your card if lost or stolen—all features that make the card a worthy traveling companion. You’ll also benefit from Capital One’s travel perks, including private lounge access and tools to help you get the lowest price on hotels and flights. Extended warranty protection makes it a good option for big purchases as well.
Capital One Quicksilver Cash Rewards: Rewards
The Capital One Quicksilver Cash Rewards Credit Card gives 5% cash back on hotels and rental cars booked through Capital One Travel, plus an unlimited 1.5% cash back on every other purchase. There are no caps on how much you can earn; the only spending limit is your credit line.
Rewards never expire, but you will lose unredeemed rewards if you close your account.
Does Capital One Quicksilver Cash Rewards offer a bonus?
New card members can get a $200 cash bonus for making total purchases of $500 or more within the first 3 months after opening your account if you apply through Capital One directly. Note that previous cardmembers or those who have received a new cardmember bonus from Capital One in the previous 48 months aren’t eligible for this bonus.
How to redeem Capital One Quicksilver Cash Rewards rewards
Cash-back rewards can be issued as a check by logging into your Capital One account online. You can also get your cash rewards by check or set up an automatic redemption schedule to get checks at regular intervals or if you meet a certain rewards threshold.
Rewards can be applied to your outstanding balance as a statement credit through your online account or Capital One’s mobile banking app. However, you’ll still need to make your minimum payment, even if you have enough rewards to cover your outstanding balance.
Cover your purchases
You can apply your rewards to previous purchases to help cover the cost, although the rate for these redemptions may vary, and Capital One reserves the right to change redemption rates at any time.
You can use rewards to purchase gift cards through your online account or the mobile app, but redemption rates may vary and are subject to change.
If you enroll your Capital One card in Shop with Points at Amazon.com, you can use your available rewards to help cover the cost of purchasing millions of eligible items. Rewards get deducted from the total purchase price, and you’ll only pay the remaining balance. Simply choose your Capital One Quicksilver Cash Rewards card at checkout to see your available rewards.
Connect your Capital One Quicksilver Cash Rewards card with your PayPal account to use your rewards when you pay with PayPal at eligible retailers. Millions of online retailers participate, including Apple, Home Depot, and Target.
In addition to earning 5% cash back on hotels and rental cars booked through Capital One Travel and 1.5% cash back on every other purchase, the Capital One Quicksilver Cash Rewards Credit Card offers the following benefits:
- Extended warranty: Get extended warranty protection on eligible items purchased with your card.
- Capital One shopping: Use this online tool to have available coupon codes automatically applied to your orders.
- Complimentary concierge: Get 24/7 personalized help with dining, entertainment, and travel.
- Travel accident insurance: You’re automatically covered at no additional charge when you use your card.
- Capital One dining and entertainment: Access exclusive dining and entertainment events.
Is Capital One Quicksilver Cash Rewards right for you?
With $0 annual fee and solid travel benefits, the Capital One Quicksilver Cash Rewards is a strong contender if you don’t like tracking rotating rewards categories. 0% foreign transaction fees and 5% cash back on hotels and rental cars booked through Capital One Travel also boost it as a travel card to consider.
The unlimited 1.5% cash back on every other purchase is also a decent perk. However, there are flat-rate cash-back rewards cards out there that offer more back.
Credit cards similar to Capital One Quicksilver Cash Rewards
Several other cards provide similar rewards to the Capital One Quicksilver Cash Rewards. Whether you’re in it for the travel perks or cash back on other purchases, one of the following cards may be a better fit.
Wells Fargo Active Cash® Card vs. Capital One Quicksilver Cash Rewards
The Wells Fargo Active Cash® Card is another flat-rate cash-back rewards card, but unlike the Capital One Quicksilver Cash Rewards, Wells Fargo’s card gives 2% back on all purchases. It also has no annual fee and gives a 0% intro APR on purchases and qualifying balance transfers for the first 15 months.
If you’re a frequent traveler, the Capital One Quicksilver Cash Rewards may be better if you’re a frequent traveler since it offers no foreign transaction fees and other travel benefits. The Wells Fargo Active Cash® Card charges a 3% foreign transaction fee, which would eat into any travel budget.
Capital One Venture Rewards Credit Card vs. Capital One Quicksilver Cash Rewards
The Capital One Venture Rewards Credit Card is tempting for frequent travelers. You can rack up miles quickly with unlimited rewards and 2x miles on every purchase. You’ll also get up to a $100 credit for Global Entry or TSA PreCheck® every four years when you purchase with your Venture card.
Of course, if you want cash-back rewards, the Capital One Quicksilver Cash Rewards would be better since you can only redeem Venture miles for travel. The Capital One Venture Rewards also has a $95 annual fee, unlike the Capital One Quicksilver Cash Rewards, which has a $0 annual fee.
Citi® Double Cash Card vs. Capital One Quicksilver Cash Rewards
The Citi® Double Cash Card is another $0 annual fee cash-back card, boasting 2% cash back versus the Capital One Quicksilver Cash Rewards card’s 1.5% cash back. The caveat is that with Citi’s card, you earn the 2% back in two parts: 1% back when you make the purchase and 1% back when you pay it off. If you’re the type to carry a balance, this may make the Capital One Quicksilver Cash Rewards card a better pick.
The Citi® Double Cash Card gives a longer intro APR, with 0% for the first 18 months, compared to 0% for 15 months with Capital One Quicksilver Cash Rewards. But you won’t get any travel benefits with Citi’s cash-back card, so frequent travelers may prefer the Capital One Quicksilver card.
Frequently asked questions
How does Capital One Quicksilver Cash Rewards work?
The Capital One Quicksilver Cash Rewards card offers 5% cash back on hotel and rental car purchases made through Capital One Travel plus 1.5% cash back on all other purchases. There’s no limit to how much cash back you can earn, and cash rewards can be used toward statement credits, shopping on Amazon or via PayPal, redeemed for gift cards, or issued as a check.
How do I get my Capital One Quicksilver Rewards cash?
You can redeem your Capital One Quicksilver Cash Rewards cash back as a statement credit, have rewards issued as a check, or use them towards eligible purchases on Amazon or when paying with PayPal.
What perks does the Capital One Quicksilver card have?
In addition to cash-back rewards, the Capital One Quicksilver Cash Rewards offers several other perks, such as no foreign transaction fees, extended warranty protection, travel accident insurance and access to a 24/7 concierge for help with dining, travel, and entertainment reservations.
Please note that card details are accurate as of the publish date but are subject to change at any time at the issuer’s discretion. Before applying, please contact the card issuer to verify rates, fees, and benefits.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.