Review
Updated
Fact Checked
Nathan Alderman
The Capital One QuicksilverOne Cash Rewards Credit Card bridges the gap for people with limited credit histories who want to earn credit card rewards. The unlimited cash back benefits of this card can quickly pay for the small annual fee. Our in-depth Capital One QuicksilverOne Cash Rewards Credit Card review highlights the pros and cons of this credit card so you can learn if it suits your needs.
Apply Now for Capital One QuicksilverOne Cash Rewards Credit Card
On Capital One's Secure Website.
Apply Now for Capital One QuicksilverOne Cash Rewards Credit Card
On Capital One's Secure Website.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Best
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= Excellent
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= Good
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= Fair
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= Poor
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Apply Now for Capital One QuicksilverOne Cash Rewards Credit Card
On Capital One's Secure Website.
Credit Score
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Fair (300-669)
Intro APR
Purchases: N/A
Balance Transfers: N/A
Regular APR
29.99% (Variable)
Rewards Earn unlimited 1.5% cash back on every purchase, every day. 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.
1.5%-5% cash back
Annual Fee
$39
Welcome Offer Cash Back
Cash Back
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Getting 1.5% back on every purchase couldn't be easier — and it makes this Capital One card a standout for those who want to improve their credit with responsible use and still earn rewards. You can even sign up to have your cash back redeemed as a statement credit automatically, saving you money every month. Note that it comes with an annual fee of $39, though. Check out this card to simplify your life.
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- Solid cash back rate
- No foreign transaction fee
- Flexible credit score requirements
- Annual fee
- No sign-up bonus
- No intro APR offer
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- Earn unlimited 1.5% cash back on every purchase, every day
- No rotating categories or limits to how much you can earn, and cash back doesn't expire for the life of the account. It's that simple
- Be automatically considered for a higher credit line in as little as 6 months
- Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
- Help strengthen your credit for the future with responsible card use
- Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
- 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
- Monitor your credit score with CreditWise from Capital One. It's free for everyone
- Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you're all set
Full Capital One QuicksilverOne review
This credit card is a good fit for: Rewards seekers who want a cash back card to use while building or rebuilding credit.
Top perks
Unlimited 1.5% cash back on purchases
We like the flexibility and simplicity of flat cash back programs for people building credit that don't require cardholders to manually opt in to quarterly bonus categories. Debt is an all-too-common outcome for many credit card users, so simplicity wins.
Flexible cash back redemption
Not only is the Capital One QuicksilverOne Cash Rewards Credit Card's cash back rate high, but redemptions are flexible. Statement credits can be requested with no minimum, whereas many cards slap a $25 minimum on cash redemptions. Cardholders can also have their rewards automatically redeemed for statement credits monthly, which is another attractive feature.
No foreign transaction fees
Pesky foreign transaction fees can quickly add up when using credit cards for purchases abroad. Besides, we're all a bit looser with our wallets while on vacation. Fortunately, this card has nixed the typical 3% foreign transaction fee many card issuers charge. That's a savings of $60 on $2,000 worth of international spending!
Alternatives to consider
- If you're a student: The Discover it® Student Cash Back is a solid pick for students who are building their credit histories. Importantly, there's no annual fee. What also stands out is the card's cash back program -- earn up to 5% cash back in rotating quarterly categories you activate on up to $1,500 of spending each quarter.
- If you want a secured card for rebuilding credit: Secured credit cards are specifically designed for rebuilding credit and are worth considering if you can't qualify for other cards. The Discover it® Secured Credit Card is among the best in that class. That's because it packs in 2% cash back for restaurants and gas (capped at $1,000 spending each quarter). Discover will also automatically match all the cash back you’ve earned at the end of your first year for new cardholders, all with no annual fee.
Read more: Best Cash Back Credit Cards
As of Apr. 16, 2024
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| Capital One QuicksilverOne Cash Rewards Credit Card | Discover it® Student Cash Back | Discover it® Secured Credit Card |
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
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Apply Now for Capital One QuicksilverOne Cash Rewards Credit Card
On Capital One's Secure Website. |
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Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Fair (300-669)
Fair (300-669) |
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Fair/New to Credit Under(669)
Fair/New to Credit Under(669) |
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: New/Rebuilding Under(579)
New/Rebuilding Under(579) |
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Welcome Offer: Cash Back Cash Back |
Welcome Offer: N/A Discover will match all the cash back you’ve earned at the end of your first year. |
Welcome Offer: Discover will match all the cash back you’ve earned at the end of your first year. |
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Rewards Program: Earn unlimited 1.5% cash back on every purchase, every day. 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. 1.5%-5% cash back |
Rewards Program: 5% cash back at different places each quarter up to the quarterly maximum when you activate. 1% unlimited cash back on all other purchases - automatically 1% - 5% Cashback |
Rewards Program: 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically 1% - 2% Cashback |
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Intro APR: Purchases: N/A Balance Transfers: N/A |
Intro APR: Purchases: 0%, 6 months Balance Transfers: 10.99%, 6 months |
Intro APR: Purchases: n/a Balance Transfers: 10.99%, 6 months |
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Regular APR: 29.99% (Variable) |
Regular APR: 18.24% - 27.24% Variable APR |
Regular APR: 28.24% Variable APR |
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Annual Fee: $39 |
Annual Fee: $0 |
Annual Fee: $0 |
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Highlights:
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Apply Now for Capital One QuicksilverOne Cash Rewards Credit Card
On Capital One's Secure Website. |
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What could be improved
High APR
Cardholders with tarnished -- or no -- credit histories won't receive the best interest rates on the market. This card is no exception, charging a high 29.99% (Variable) APR.
Annual fee
Part of the price paid for perks like 1.5% cash back is a $39 annual fee. Granted, it's a small fee, but cardholders are essentially being incentivized to spend to offset the annual fee with cash back rewards. We’d prefer no annual fee and less of an incentive for cardholders to run up balances.
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
You'll need a credit score that's at least fair -- a FICO® Score of 580 or higher -- to have a good shot at qualifying for this card. Since it's designed for people building or rebuilding credit, the credit requirements for the Capital One QuicksilverOne Cash Rewards Credit Card are lower than your typical cash back credit card, but that doesn't mean the issuer will approve everyone.
The Capital One QuicksilverOne is right for you if:
The Capital One QuicksilverOne Cash Rewards Credit Card is a good option for the right type of cardholder. We'd prefer no annual fee and a lower APR, especially for people either building their credit histories or spending minimally. But for cardholders who pay off their balances each month and who want the utmost simplicity and flexibility with rewards, the Capital One QuicksilverOne Cash Rewards Credit Card is a solid pick to consider.
Read more: Best Rewards Credit Cards
Our credit card methodology
At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
FAQs
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No, the Capital One QuicksilverOne Cash Rewards Credit Card is only available in plastic.
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Possibly. Paying your Capital One QuicksilverOne Cash Rewards Credit Card on time each month and keeping your debt-to-income (DTI) ratio low can enhance your overall credit profile. Once you've built a history of paying on time and have raised your credit score, it's possible to apply for a card that provides more of what you're looking for.
Our Credit Cards Experts
Elizabeth is a personal finance writer specializing in credit cards, debt repayment, and small business. Her work has appeared on The Motley Fool, MSN Money, Yahoo! Finance, and Business Insider. She’s an avid credit card points collector and perpetual traveler currently living in Costa Rica.
Steven is a personal finance writer covering topics from mortgages to credit cards to market news. He has written for The Motley Fool Canada, Ramsey Solutions, Nerdwallet, Clever Real Estate, and other major outlets. Steven launched his writing career at the age of four with his first book, "Revenge of the Bad Guys." He currently lives in Portland, Oregon.
Fact Checked
Nathan Alderman
Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.
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We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. Elizabeth Aldrich has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, PayPal, Target, and Uber Technologies. The Motley Fool recommends Discover Financial Services and recommends the following options: short June 2024 $67.50 calls on PayPal. The Motley Fool has a disclosure policy.
The Motley Fool owns shares of and recommends Visa.