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Capital One Quicksilver Review: A One Card Wallet Champ

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Capital One Quicksilver Cash Rewards Credit Card is a popular credit card for those who want a straightforward rewards credit card with a nice set of bonuses for new cardholders. In this comprehensive Capital One Quicksilver Cash Rewards Credit Card review, we’ll see if this cash-back offering is worth including in your wallet.

This credit card is a good fit for: Consumers who want to keep it simple with the same cash back rate on their spending. Those with big purchases coming up or people who want to pay off debt faster this card's 0% intro APR.

  • One of the most versatile and flexible cash-back cards we've seen. The long 0% intro APR makes the offer hard to pass up, especially if you're wanting to keep a one-card wallet that packs in a rich rewards program.

    • Competitive sign-up bonus
    • Solid cash back rate on every purchase
    • No annual fee
    • Great intro APR
    • No bonus categories
    • No balance transfer offer
    • One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
    • Earn unlimited 1.5% cash back on every purchase, every day
    • $0 annual fee and no foreign transaction fees
    • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
    • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
    • 0% intro APR on purchases and balance transfers for 15 months; 15.24%-25.24% variable APR after that

Full Capital One Quicksilver review

Top perks

$200 cash bonus: New cardholders can earn a $200 bonus once $500 is spent on the card; this must be achieved within three months of the account opening.

Unlimited 1.5% cash back: This offer is a "what you see is what you get" cash back card. Transactions made with the card, no matter the amount or product/service category, earns 1.5% cash back.

$0 annual fee: Capital One gives Quicksilver® cardholders a nice break from paying an annual fee.

0% intro APR for purchases and balance transfers: There’s no APR for new purchases and balance transfers for the first 15 months with this card.

Cash back never expires: The clock is never ticking on cash back, since it is valid for redemption as long as the customer maintains their account.

No minimum cash-back redemption: Another convenient, low-maintenance aspect of the card is that the cash back can be redeemed whenever the cardholder sees fit.

Alternatives to consider

  • If you want a card that earns extra cash back: The Chase Freedom Flex℠ credit card is another great option that comes with a $200 cash bonus after spending $500 within three months. You can earn up to 5% cash back in rotating categories you activate that have previously included options like gas and restaurants. Categories rotate every quarter and there's a $1,500 quarterly spending cap.
  • If you want to earn big in a category of your choosing: The Bank of America® Customized Cash Rewards credit card is good for cardholders wanting higher rewards on grocery spending, as well as a category of their choice. The card has the same 0% intro APR offer, but includes 3% cash back on gas or your chosen category, in addition to 2% at grocery stores and wholesale clubs (capped at $2,500 of spending in combined bonus categories). Existing Bank of America customers will also want to take a closer look since the bank's free Preferred Rewards program offers 25% to 75% bonus rewards.
As of May. 17, 2022
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Image for
Chase Freedom Flex℠ Bank of America® Customized Cash Rewards credit card
Apply Now for Chase Freedom Flex℠

On Chase's Secure Website.

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Welcome Offer: Info Icon Circle with letter I in it.

$200

Welcome Offer: Info Icon Circle with letter I in it.

$200 cash rewards

Rewards Program: Info Icon Circle with letter I in it.

1% - 5% cash back

Rewards Program: Info Icon Circle with letter I in it.

1% - 3% cash back

Intro APR:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Intro APR: Info Icon Circle with letter I in it.

Purchases: 0%, 15 billing cycles

Balance Transfers: 0%, 15 billing cycles

Regular APR:

15.24% - 23.99% Variable

Regular APR:

14.24% - 24.24% Variable

Annual Fee:

$0

Annual Fee:

$0

Highlights:

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
  • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.24% - 23.99%.
  • No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom Flex℠ card
  • Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.

Highlights:

  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
  • If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase. That means you could earn up to 5.25% cash back on purchases in your choice category.
  • No annual fee and no expiration on rewards.
  • 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 14.24% - 24.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Apply Now for Chase Freedom Flex℠

On Chase's Secure Website.

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What could be improved

No bonus cash back: Yes, the rewards program's across-the-board cash back is easy to understand and keep track of. However, the downside is that no product or service category earns additional cash back, as is the case with numerous rivals. Cardholders are missing out on good earning opportunities if this is their only cash-back card.

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

Suggested credit score

Good to excellent credit -- typically a FICO® Score of 670 or higher -- is suggested to increase your chances of approval for Capital One Quicksilver Cash Rewards Credit Card. Capital One details potential acceptance criteria, as outlined below:

  • Never declared bankruptcy.
  • Not defaulted on a loan.
  • Never paid a credit card statement, medical bill, or loan more than 60 days after it was due.
  • Held a credit card or loan at a limit (or amount) over $5,000, for at least three years.

The credit card is right for you if:

A great strength of Capital One Quicksilver Cash Rewards Credit Card is that it appeals to several different types of credit card users by taking perks offered by many of the best credit cards and packaging them into one. If you're one, or a combination of any, of the following, it'll be quite a practical card to own:

  • Anyone looking for an easy, no-annual-fee credit card they can use for their purchases.
  • Cardholders who like a stripped-down cash-back rewards program that requires little monitoring or maintenance. This card's cash-back program is as simple as it can get, with purchases earning 1.5% cash back.
  • Those planning a big-ticket buy or those looking to pay off debt faster with balance transfer strategies. If opting for the first of the two bonus offerings mentioned above, cardholders can take serious advantage of the 0% intro APR offer. Large purchases can be made with the card, then gradually paid off over that year-plus period without accruing interest, plus the purchase can help reach the spending threshold to earn the sign-up bonus.

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