Capital One Quicksilver Cash Rewards Credit Card Review

Earning credit card rewards doesn’t get much more straightforward than using the Capital One Quicksilver Cash Rewards Credit Card. The card lets you earn 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply). Plus, there’s a generous, easy-to-earn sign-up bonus, as well as an intro APR on purchases and balance transfers.*

While you can find cards that offer better cash back rates in bonus categories, most of these cards only offer 1% back on general purchases. In comparison, the Capital One Quicksilver Cash Rewards Credit Card lets you earn the same high rate on every purchase.

 

• Simple cash back rewards

  If you want a simple approach to earning rewards, you’ll be happy to know that this card doesn’t have rotating categories or spending caps to keep track of. Instead, you’ll earn 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply).

  Cash back rewards never expire and can be used to cover a recent purchase or redeemed a variety of ways, including for statement credits and gift cards.

• $0 annual fee

  Credit cards like the $0 annual fee Capital One Quicksilver Cash Rewards Credit Card save you money each and every year, since you aren’t paying for the convenience of using a credit card.

• Easy-to-earn sign-up bonus

  With the Capital One Quicksilver Cash Rewards Credit Card, you’ll earn a earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. According to a LendingTree study, the average credit card sign-up bonus in 2022 was $157 — making this a competitive bonus for a $0-annual-fee card.

  Plus, the card only requires you to spend approximately $167 per month for three months to earn the sign-up bonus.

• Intro APR on purchases and balance transfers

  If you need to finance a large purchase, the Capital One Quicksilver Cash Rewards Credit Card offers an interest-free period on purchases for more than a year. You’ll get an APR of 0% intro on purchases for 15 months. Following that, a 19.74% - 29.74% (variable) APR applies.

  And if you want to consolidate credit card debt, you can take advantage of the APR of 0% intro on balance transfers for 15 months (Balance transfer fee applies), then a 19.74% - 29.74% (variable) APR.

  A balance transfer fee applies for promotional rates that Capital One may offer.
  *To see rates & fees for Capital One Quicksilver Cash Rewards Credit Card, please click here.

• Foreign transaction fee: None

  You can take the Capital One Quicksilver Cash Rewards Credit Card card with you when you travel outside of the U.S., since you won’t be charged additional fees to use the card.

  By comparison, many cards charge fees ranging from 3% to 5% of the amount of each transaction when you use it to make purchases abroad.

• Low cash back rewards rate

  Although this card offers an elevated rewards rate on every purchase, there are cards available that offer an even higher cash back rate on general purchases, like the Citi Double Cash^® Card or the Wells Fargo Active Cash^® Card.

• Balance transfer fee

  If you transfer a balance to the Capital One Quicksilver Cash Rewards Credit Card, a balance transfer fee applies. While this fee is common, there are a few no-balance-transfer-fee credit cards available. However, you should know that those cards typically offer shorter interest-free periods than cards that charge balance transfer fees.

Capital One Quicksilver Cash Rewards Credit Card vs. Citi Double Cash^® Card

 
If you want a $0-annual-fee flat-rate card with an even longer interest-free period on balance transfers, the Citi Double Cash^® Card may be a better choice. You’ll earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25.

You’ll also get an intro APR of 0% intro apr for 18 months on balance transfers. After that, a 18.49% - 28.49% (variable) APR applies. Unfortunately, there is no intro APR for regular purchases, so this wouldn’t be a good card for financing a new purchase.

Rewards are earned as Citi ThankYou® points; they can be redeemed for cash back as statement credits, direct deposits, checks, travel, merchandise or gift cards, or transferred to select Citi hotel and airline partners.

Capital One Quicksilver Cash Rewards Credit Card vs. Blue Cash Everyday^® Card from American Express

 
If you prefer a card that offers a higher cash back rate in popular spending categories — but also don’t mind earning a lower rate on general purchases — the Blue Cash Everyday^® Card from American Express may be a better fit.

The card lets you earn 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%. 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%. 3% Cash Back at U.S. gas stations, on up to $6,000 per year in purchases, then 1%. 1% cash back on other purchases. Terms apply. Cash back is easily redeemable for statement credits or at Amazon.com checkout.

There’s a $0 annual fee, and you can enjoy an intro APR of 0% on purchases for 15 months, then an 18.49%-29.49% variable APR. You’ll also get an intro APR of 0% on balance transfers for 15 months, followed by a 18.49%-29.49% variable APR.

And like the Citi Double Cash^® Card, the Blue Cash Everyday^® Card from American Express charges foreign transaction fees if you use it to make purchases outside the U.S.

With no annual fee to cut into the cash back rewards you earn on every purchase and a sign-up bonus spend requirement that can easily be reached during the first month, this card is ideal if you like to keep things sweet and simple.

If you like what the Capital One Quicksilver Cash Rewards Credit Card has to offer, but you don’t have good / excellent credit consider one of the other cards in the Quicksilver family of cards:

• Capital One QuicksilverOne Cash Rewards Credit Card for limited / fair credit
• Capital One Quicksilver Cash Rewards for Good Credit for good credit

But if you’d like to maximize your spending, consider cards that earn higher rewards on the items you buy the most. For example, consider the Blue Cash Everyday^® Card from American Express if you spend heavily at U.S. supermarkets and U.S. gas stations or on U.S. online retail purchases. Or, for a higher cash back rate on general purchases, the Citi Double Cash^® Card may be a better fit.