Capital One Quicksilver Review 2023 (Benefits and Rewards)

Guaranteed 1.5% cash back on everything, no annual or foreign transaction fee, and 0% intro APR for fifteen months.

Our founder, Derek Sall, would probably sum up the Capital One Quicksilver with one word: sweet.

Let’s find out if the card really is such a sweet deal or if it’s going to turn sour a few months down the road—

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Capital One Quicksilver at a Glance

Full name: Quicksilver Rewards from Capital One

Best for: Unlimited cash back and straightforward rewards structure

Issuer: Capital One

Required credit score: Good–excellent (690–850)

What’s the Capital One Quicksilver?

TheCapital One Quicksilver is a credit card that offers straightforward cashback rewards—you can earn 1.5% cash back on every purchase, with no caps or specific categories to worry about. 

It also has no annual fee, and often comes with an introductory 0% APR period and a sign-up bonus (making it an appealing option for those looking for a hassle-free rewards card).

Capital One website advertises it as a card for excellent credit scores, but those with good ones may be approved for this card too (albeit without some of the benefits).

Capital One Quicksilver Secured vs. Unsecured

How do they compare—and how to choose the right one for yourself?

Secured card

card_name is designed for people who are building or rebuilding their credit.

It requires a security deposit, which is refundable and serves as collateral for your credit limit. 

The minimum deposit is usually $200 (which becomes your credit limit).

Unsecured card

The Capital One Quicksilver Unsecured card is a regular credit card that doesn’t require a security deposit. 

It’s generally best for people with good or even excellent credit. 

This version of the card offers 1.5% cashback on all purchases, a sign-up bonus, and often an introductory 0% APR period.

If you’re new to credit or looking to improve your credit score, a secured card like the Capital One Quicksilver Secured may be a better fit. 

But if you have good credit and want a simple cashback rewards program, the unsecured Capital One Quicksilver card could be the way to go.

This review covers the unsecured version of Capital One Quicksilver .

Capital One Quicksilver Credit Card: Overall Card Review

Pros & Cons of Capital One Quicksilver

Pros

Cons

Pros—What we like

Unlimited cash back

With the Capital One Quicksilver, you’ll earn an unlimited 1.5% cash back on every purchase, providing hassle-free rewards without worrying about any excluded categories or spending caps.

Plus, when using Capital One Travel for booking hotels and renting cars, you’ll snatch 5% cash back.

There are no caps or limits to either of these.

Automatic credit line reviews

The card periodically reviews your account for a potential credit line increase, helping you grow your available credit and potentially improve your credit score.

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0% intro APR

An introductory 0% APR period for balance transfers and purchases lets you save on interest during the initial months.

If you have debt on different credit cards, you can snatch this offer to get out of it. 

Intro bonus

New cardholders can enjoy a sign-up bonus of $200 after spending $1,000 within the first three months of using the card.

But word on the street is that this offer is only for those with an excellent credit score (that’s at least 720 FICO).

No annual fee

There’s no annual fee to worry about (which may sound like a given, but it’s not always the case).

No foreign transaction fee

Ideal for travelers, the Capital One Quicksilver doesn’t charge a foreign transaction fee when making purchases abroad. 

That’s also true for purchases made internationally online.

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Additional benefits

As listed above, Capital One Quicksilver cash back card gives you fun perks like access to cool restaurants and events, Uber One membership, or zero fraud liability.

Cons—Things to keep in mind

High APR after the intro period

After the 0% introductory APR period ends, you’ll see a higher APR, which could be costly if you carry a balance month-to-month.

Depending on your creditworthiness, you’ll land somewhere between 19.74% and 29.74%. 

For a cardholder with excellent credit score, that’s a lot.

Excellent credit score required

To qualify for the Capital One Quicksilver, a good to excellent credit score is usually a must.

And those with just good credit scores can’t snag the intro APR and sign-up bonus.

Before applying, make sure you check your current credit score. (You can do it here for free.)

No extra cash back categories

Some cards offer higher cash back percentages in specific categories, while the Quicksilver has a flat rate of 1.5% on everything.

As a bonus, you can also earn 5% back on car rentals and hotels booked through Capital One Travel.

But if you spend a lot on a particular category, there might be other cards that could yield higher rewards.

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No points transfer capabilities

Unlike some other rewards cards, the Capital One Quicksilver doesn’t let you transfer points to partner loyalty programs. 

Sometimes that means you miss out on some serious cash back. 

Take Chase Freedom Unlimited as an example: It lets you transfer points to other Chase cards and redeem them at better rates.

Everything You Need to Know About the Capital One Quicksilver

What’s the most important for you when choosing the right credit card for your needs? 

Below, we’ll cover all of that and then some:

• Fees and rates.
• Capital One Quicksilver credit limit.
• Rewards.
• Benefits.
• Useful links.

Key Capital One Quicksilver credit card fees & rates

Find all the important fees and interest rates below:

What’s the Capital One Quicksilver credit limit?

The credit limit for the Capital One Quicksilver card varies based on your creditworthiness, income, and financial history. 

While the minimum limit is typically around $1,000, it can go significantly higher for applicants with excellent credit and a strong financial background.

Some cardholders mention a Capital One Quicksilver credit limit of $10,000.

Rewards structure

How do Capital One rewards work? 

Let’s see:

Capital One Quicksilver benefits

Besides the pretty generous rewards, Capital One cash back credit cards also offers fun perks.

To make it easier for you, we split the benefits into categories:

Cardholders’ Q&A—Capital One Quicksilver Reviews

Many reviewers think Capital One Quicksilver credit card is a good choice:

“So long as you pay the bill in full every month, yes. It offers 1.5% cash back with no annual fee. If you travel outside the US, they don’t add a foreign transaction fee. I have one.”

“Yes. I have it, and my wife is an authorized user on my account. It is beneficial to us […] we also get 1.5% cash back for not only everything we buy, but paying bills. As with any other line of credit, be smart and responsible with it, and you will be fine. Generally after 5 months of on time payments, you will get a pretty hefty credit line increase, which helps improve your debt to credit ratio, and improve your credit score.”

“One thing I really appreciate about Capital One is their mobile app notifies you immediately when a charge hits your card. Frequently I don’t even get out of the store and I hear a ding and their logo is up on my menu bar.”

“Let’s see. It has no annual fee, and you get 1.5% cash back on all purchases. No need to worry about rotating spending categories.”

Some cardholders mention that Capital One performs a hard pull and sends its requests to all three credit bureaus:

“The only thing that it will cost you is the notorious Capital One triple pull”.

Alternatives: How Does Capital One Quicksilver Compare to Other Credit Cards for Excellent Credit?

If you want to see more, check out our list of the best cash back credit cards for 2023.

Capital One Quicksilver—useful links & info

Apply for the Capital One Quicksilver credit card (or any other Capital One credit cards) here.

Read more about the card’s fees, terms, and conditions here.

Download the Capital One mobile app for Android or iOS.

Contact Capital One customer service reps at 1-877-383-4802.

Learn more about your rights at the Consumer Financial Protection Bureau’s website.

Is Capital One Quicksilver Credit Card Good for Me?

Is Capital One cash back credit card good for you? 

Yes, if—

• You have a good credit score and want to snatch 1.5% of all your purchases in cash back.
• You value simplicity and don’t want to juggle multiple rewards categories.
• You just want to add another simple rewards card to your lineup.
• You love using Capital One Travel.

Not really, if—

• You have an excellent credit score and can snag a much better cash back card like the card_name with 6% cash back on groceries.
• You already have a credit card with a flat cash back rate of around 1.5%.
• You don’t use (or plan to use) Capital One Travel.