Capital One QuicksilverOne Review: Rewards & Credit Scores

Wouldn’t it be nice to get rewarded for spending? While no one’s going to hand you a fancy medal, the Capital One QuicksilverOne could be the next best thing. 

With unlimited cash back on every purchase, this card is perfect if you want to earn while you spend. 

So if you’re looking for a card to boost your rewards and improve your credit, the QuicksilverOne could be the one for you.

Read more:

How does the Capital One QuicksilverOne Credit Card Work?

The Capital One QuicksilverOne credit card is a rewards-based credit card which lets you earn 1.5% cash back on every purchase. 

You can then redeem the cashback for statement credits or checks.

One of the standouts of the QuicksilverOne card is that there aren’t any rotating categories to keep track of, and there’s no limit to how much cashback you can get your hands on. 

Don’t have a top-notch credit score? No worries. 

To get hold of the QuicksilverOne card, all you’ll need is fair or average credit (between 580 and 669). 

The card also comes with plenty of other benefits, like no foreign transaction fees, autopay, and 24/7 customer service. 

But nothing is perfect—especially when it comes to credit cards. 

QuicksilverOne has an annual fee of $39 and a high variable APR of 29.99% (much higher than the current average of 24.25%). 

But if you’re keen to earn cashback rewards and build your credit, QuicksilverOne might be the one you’ve been looking for.

Let’s dig a little deeper before you seal the deal—

Capital One QuicksilverOne: Quick Summary Review

Capital One QuicksilverOne: Fees

Reading up on fees isn’t the most exciting part about getting a credit card. But they can sometimes be a dealbreaker, so it’s worth doing your research. 

Keep in mind that fees can vary depending on your creditworthiness, so make sure to read all the terms and conditions. 

Or—if that’s too much hassle—here’s a complimentary rundown:

Capital One QuicksilverOne: Pros & Cons 

But there’s more to life (and cards) then the dreaded fees. 

Here’s what’s good and bad about the Capital One QuicksilverOne card:

Pros: What We Like

Unlimited Cashback 

You can finally feel a little less guilty about splurging as QuicksilverOne offers unlimited 1.5% cash back on every purchase—with no limits on earnings. 

You can earn cash back on everything you buy, no matter what category it falls under. 

Once you’re done with your (somewhat) guilt-free splurge, you can redeem your cash back for statement credits or checks. 

And the cashback never expires, so you can save up your rewards and use them whenever you want.

No foreign transaction fees

Frequent jetsetter? You can use the QuicksilverOne card abroad without foreign transaction fees. 

This feature is particularly useful if you enjoy traveling internationally or shopping online from foreign stores. 

Foreign transaction fees can add up quickly, so not having to pay them can save you a lot of money in the long run. 

With QuicksilverOne, you’re free to use your card anywhere in the world and enjoy your poolside mojito without worrying about extra fees.

Check out our top travel credit cards. 

Good for average credit

Being average usually isn’t something to shout about. But the QuicksilverOne card will welcome anyone with fair or average credit with open arms. 

And if you don’t fancy settling for mediocre—you can also use the card to build up your credit. 

Capital One will report your payment history and credit utilization to the credit bureaus, which can positively impact your credit score. 

Variety of card benefits

In addition to cashback rewards, the QuicksilverOne card also comes with a load of other benefits, including fraud coverage and money management tools. 

If you have any questions (or enjoy a good rant) you’ll have access to 24/7 customer service. 

And for those who tend to forget what day of the week it is—QuicksilverOne has auto-payments, account alerts, and a virtual assistance to keep an eye on your accounts. 

Cons: What to Consider 

$39 annual fee

We get it—$39 a year probably isn’t going to break the bank. 

But it makes it onto our cons list as it’s still an additional expense that you’ll need to factor in on top of the other fees. 

But if you’re someone who spends plenty of money on the card and earns a lot of cashback, the fee will probably be worth it in the long run.

High APR

The QuicksilverOne card has a variable APR of 29.99%. 

This is a pretty high interest rate compared to some other credit cards, which have an average of around 24.25%. 

If you carry a balance on your credit card from month to month, you could end up with a hefty amount of interest charges. To avoid this, try to pay off your balance in full and on time every month. 

The QuicksilverOne card also doesn’t offer a 0% introductory APR. So if you don’t pay off your balance in time, you’ll start building up interest from day one. 

No Bonus Categories

Nobody’s complaining about QuicksilverOne’s unlimited 1.5% cashback—but it does lose a point for not offering any bonus categories. 

Some other rewards cards offer extra cashback bonuses for spending in certain places, such as restaurants, grocery stores, or gas stations. 

So if you thought you’d be able to maximize your rewards by going to your favorite pizza joint—you’d be wrong. 

Capital One QuicksilverOne Credit Card: Your Questions Answered

What’s the Capital One QuicksilverOne minimum credit limit?

The minimum credit limit for the Capital One QuicksilverOne card isn’t a one-size-fits-all and can vary depending on your creditworthiness, income, and other factors.

That being said, the QuicksilverOne card is designed for those with fair or average credit, so the credit limit might be lower than some other rewards cards that ask for excellent credit.

If you’re eager to get your hands on the QuicksilverOne card, it’s best to check with Capital One directly to see what your credit limit might be if you’re approved.

How do the QuicksilverOne rewards work? 

To get to grips with the QuicksilverOne rewards, it’s best to break it down into a few simple steps:

1. Every time you use your QuicksilverOne card to make a purchase, you’ll earn 1.5% cash back.
2. Your cashback is automatically credited to your account, and there’s no limit to how much you can earn.
3. You can redeem your cash back for statement credits or checks, which can be used to reduce your account balance or deposited into your bank account.
4. Your cash back never expires, so you can save it up and use it whenever you want.

But just a heads up, you won’t get cashback on all transactions—cash advances, balance transfers, and other fees don’t come with any cashback. 

Also, your cashback won’t arrive until the purchase has been posted to your account. 

Can you use the Capital One card to build credit? 

Yes, you can use the Capital One QuicksilverOne card to boost your credit. 

Here’s how:

1. Capital One reports your account activity (including your payment history and credit utilization) to the credit bureaus.
2. By using your card responsibly and making on-time payments every month, you can build a positive credit history and show that you’re a responsible borrower.
3. Over time, your credit score can improve, which can help you get better credit cards, lower interest rates on loans, and more bragging rights. 

You’ve been given the tools—but you’ll have to use your card responsibly to really climb the credit score ladder. 

This means paying your bills on time, keeping your credit utilization low, and avoiding carrying a high balance. 

Play the game right, and you’ll be able to establish a healthy credit history and improve your credit score in no time.

What’s the minimum credit score for QuicksilverOne?

You won’t be able to find the exact minimum credit score on the Capital One QuicksilverOne website. 

But—seeing as the card is designed for those with fair or average credit—it probably falls between 580 and 669. 

With a credit score below this range, it might be more tricky to get approved for the QuicksilverOne card (and if you’re lucky enough to get accepted with a lower score, you could be given a lower credit limit than someone with a higher credit score). 

Want to boost your chances of getting approved? Learn how to build credit without a credit card. 

Is Capital One QuicksilverOne hard to get?

Applying for credit cards without guaranteed approval is risky business. 

Lucky for you, the Capital One QuicksilverOne card is pretty flexible as it’s available for those with a credit score of 580 and upwards. 

Sure, this credit score range is lower than some other rewards cards—but getting approved depends on many factors, including your credit score, income, and financial history. 

Here are a few things to keep in mind:

• If you have a credit score below 580, you might have a more difficult time getting approved for the QuicksilverOne card.
• If you have a higher income or a clean financial background, you’ll be more likely to get approved for the QuicksilverOne card.
• If you have a short credit history or a history of missed payments, you may have a harder time getting accepted.

You can get pre-approval here before applying—the process is free and won’t harm your credit score. 

What’s a Capital One member fee?

While Capital One doesn’t have a membership fee for its credit cards, the QuicksilverOne card does have an annual fee (as well as other fees, like balance transfer fees or cash advance fees). 

But don’t let that put you off. Capital One gives you access to a range of tools to help you manage your credit card account and avoid fees, such as alerts and automatic payments. 

If you need some extra money-management help, try out our free budget planner. 

How Does the Capital One QuicksilverOne Credit Card Compare? 

So, how does the QuicksilverOne stack up against the other Capital One cards? 

Here’s the scoop on how the credit cards compare: 

Capital One QuicksilverOne: Useful Links

Is the Capital One QuickSilverOne Credit Card Good For Me? 

We’ve given you all the facts, figures, and flaws. Is the Capital One QuicksilverOne credit card the right fit for you? 

To keep things simple, QuicksilverOne is best for:

• People with fair or average credit.
• Those who want to earn cashback rewards.
• Individuals seeking to build a credit history.

With an unlimited 1.5% cash back on every purchase and no limit to how much you can earn, the rewards can come rolling in. 

The card also reports your activity to the credit bureaus, so you can build a positive credit history over time.

So, if you’re looking for a card that can help you build your credit history while also earning rewards—the Capital One QuicksilverOne Credit Card might be your perfect match.