Is the Capital One Quicksilver Cash Rewards Credit Card a Good Credit Card?

The Capital One Quicksilver is a good credit card for earning a minimum amount of cash back on all your purchases, but it doesn’t excel in any common categories.
Last updated Sept. 30, 2022 | By Ben Walker, CEPF | Edited By Melinda Sineriz
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The Capital One Quicksilver Cash Rewards Credit Card is a popular cashback card from Capital One that offers an early spend bonus, a simple cashback rate, and intro APR offers.

But is it a good card?

Overall, the Capital One Quicksilver is a good credit card, but whether it’s a good credit card for you depends on your preferences and financial goals. Let’s look at the pros and cons of the card to see if it deserves a spot in your wallet or if you might want to consider other options.

In this article

Is the Capital One Quicksilver a good credit card?

Yes, the Capital One Quicksilver is a good credit card. But whether it’s the best option for you depends on what you’re looking for in a card.

If you want a simple cashback card for everyday earning potential that also provides an early spend bonus and intro APR offers, this could be an excellent option.

But it might not make sense if you don’t have a good or excellent credit score, would rather earn travel rewards, or want higher cashback card rates.

Card type Cash back
Credit card issuer Capital One
Credit card network Mastercard
Annual fee $0
Intro bonus Earn a $200 cash back bonus after spending $500 in the first 3 months
Reward rate 1.5% cash back rewards on every purchase, every day; plus unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
Recommended credit score Excellent, Good
Intro APR 0% introductory APR for 15 months on purchases, then 17.99% to 27.99% (variable) APR

0% introductory APR for 15 months on balance transfers, then 17.99% to 27.99% (variable) APR; 3% fee on balances transferred within the first 15 months

Foreign transaction fee None

Pros of the Capital One Quicksilver Rewards card

  • Early spend bonus: Earn a $200 cash back bonus after spending $500 in the first 3 months.
  • Simple earning rate: 1.5% cash back rewards on every purchase, every day; plus unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
  • $0 annual fee: With a $0 annual fee, you don’t have to worry about offsetting an annual cost.
  • Multiple redemption options: Redeem your rewards for statement credits, gift cards, Amazon and PayPal purchases, and travel through Capital One Travel. Additional options include covering recent purchases and receiving a check in the mail.
  • Intro purchase APR: New cardholders receive 0% intro APR for 15 months from account opening on purchases, then 17.99% to 27.99% (variable) APR.
  • Intro balance transfer APR: You also receive 0% intro APR for 15 months on balance transfers, then 17.99% to 27.99% (variable) APR. The Capital One Quicksilver’s balance transfer fee is: 3% fee on balances transferred within the first 15 months.
  • Capital One Travel: Use the Capital One Quicksilver card to access the Capital One Travel portal for exclusive prices on flights, hotel stays, and more. Pay with your rewards, your card, or a combination of the two.
  • Capital One Entertainment: Access exclusive music, sports, and dining experiences through Capital One Entertainment. This could include pre-sales, special event tickets, tickets for suites, and more.
  • Capital One Dining: Access exclusive cardholder-only reservations at restaurants and tickets to special culinary experiences.
  • No foreign transaction fees: This card has no foreign transaction fees to worry about, which makes it a potential option for making purchases abroad.
  • Extended warranty protection: Receive additional extended warranty protection on eligible purchases.
  • Travel accident insurance: Receive travel accident insurance when you use your card to purchase an eligible fare.
  • 24/7 concierge service: Receive 24/7 access to a comprehensive concierge service for assistance with dining, entertainment, and travel needs.

Cons of the Capital One Quicksilver Rewards card

  • No common bonus categories: Most eligible purchases typically offer the same percentage flat-rate cash rewards on this card. This could be helpful if you often have a wide variety of expenses. But you might consider getting a different or another card if you have loads of purchases in a specific category, such as groceries or gas.
  • Average earning rate: Apart from the unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, this card offers 1.5% unlimited cash back on every purchase, every day. It’s a decent earning rate, but you can find higher rates on other cards, such as the Citi® Double Cash Card - 18 month BT offer or Wells Fargo Active Cash® Card.
  • No transfer partners: Your rewards can’t be transferred to travel partners such as airline and hotel loyalty programs.
  • No premium card benefits: This card doesn’t come with premium benefits such as annual credits, elite status, or airport lounge access. For travel cards with elevated perks and benefits, check out our list of the best travel credit cards.
  • Credit score requirement: You likely need a good or excellent FICO credit score to qualify for this card, so it might not make sense if you have a bad or fair credit score. Keep in mind that Capital One could also consider other factors of your creditworthiness during the card application process.

Who should get the Capital One Quicksilver Rewards card

The Capital One Quicksilver is a simple cashback card that could provide plenty of value with its earning potential and benefits. But it might not make sense for everyone. Consider these factors if deciding whether the Capital One Quicksilver makes sense for you.

The Capital One Quicksilver Rewards card is a good choice if:

  • You want a simple earning structure and rewards program.
  • You want a welcome bonus.
  • You want intro APR offers.
  • You want to pair it with other Capital One credit cards.

Skip the Capital One Quicksilver Rewards card if:

  • You want to earn travel rewards.
  • You want premium travel benefits.
  • You want to earn bonus rewards in specific categories.
  • You don’t have a good or excellent credit score.
  • You want to transfer rewards to travel partners.

Other cards to consider

If the Capital One Quicksilver doesn’t seem like the right fit for you, it makes sense to consider other options. Check out top credit card offers from our list of the best cashback credit cards.

For specific Quicksilver alternatives, check out these credit cards with competitive offers.

Capital One® Savor® Cash Rewards Credit Card

Welcome offer: Earn a $300 cash bonus after spending $3,000 in the first 3 months

Rewards rate: 8% cash back on Capital One Entertainment and Vivid Seats purchases; 4% cash back on dining, entertainment, and select streaming services; 3% at grocery stores (excluding superstores such as Walmart® and Target®), and 1% cash back on all other purchases

Annual fee: $95

The Capital One® Savor® Cash Rewards Credit Card has a $95 annual fee, but its rewards rate and welcome offer could help offset the annual cost and more. Compared with the Quicksilver, this card offers more opportunities for earning higher rates of cash back.

Check out our Capital One Savor Cash Rewards review for more information.

Chase Freedom Flex℠

Welcome offer: Earn $200 cash back after spending $500 on purchases in the first 3 months

Rewards rate: 5% on rotating quarterly categories (on up to $1,500 spent) and travel purchased through the Chase Ultimate Rewards portal; 3% at restaurants (including takeout and delivery) and drugstores; and 1% on all other purchases

Annual fee: $0

The Chase Freedom Flex℠ is a popular option for earning valuable Chase Ultimate Rewards points with rotating categories and its sign-up bonus. It also has built-in benefits such as purchase protection, extended warranty protection, and cell phone protection.

This card could offer more earning potential than the Quicksilver if your spending habits align with its bonus categories. Read our Chase Freedom Flex review for more card details.

Citi® Double Cash Card - 18 month BT offer

Welcome offer: Earn $200 cash back after spending $1,500 in the first 6 months (limited time offer)

Rewards rate: Up to 2% cash back on all purchases: 1% as you buy and 1% as you pay for those purchases

Annual fee: $0

The Citi® Double Cash Card - 18 month BT offer only occasionally comes with a welcome offer, but its $0 annual fee and excellent earning potential could make up for it. Compared with the Quicksilver, you get another simple earning rate, but with a higher value.

Check out our Citi Double Cash Card review to learn more.

FAQs

Is Capital One Quicksilver a good card?

The Capital One Quicksilver could be a good card depending on your situation and personal finance goals. It could be good if you want an everyday cashback card with a decent earning rate. But it might not make sense if you want to earn increased rewards in bonus categories or if you want premium travel benefits.

Is Quicksilver a good credit card to build credit?

The Quicksilver is a good credit card to build credit if you qualify and use the card responsibly. But because this card typically requires good or excellent credit for approval, you might consider a card with less strict credit requirements. This could include the Capital One Platinum Secured Credit Card or the OpenSky® Secured Visa® Credit Card.

Is Capital One Quicksilver a good credit card for college students?

The Capital One Quicksilver isn’t typically a good credit card for college students because you often need a good or excellent credit score. The Capital One Quicksilver Student Cash Rewards Credit Card might be a better option because it has less strict credit requirements and offers excellent earning potential on everyday purchases.

Bottom line

Is the Capital One Quicksilver a good credit card? Yes, though it depends on your situation.

It provides a simple earning rate, a $0 annual fee, and intro APR offers. But it might not make sense if you want to earn travel rewards or take advantage of premium travel benefits. You could also likely find better options for earning rewards in specific categories.

For more options, check out our dedicated page of card offers to compare credit cards.

Unlimited Cash Back

Intro Offer

Earn a $200 cash back bonus after spending $500 in the first 3 months

Annual Fee

$0

Rewards Rate

1.5% cash back rewards on every purchase, every day; plus unlimited 5% cash back on hotels and rental cars booked through Capital One Travel

Benefits and Drawbacks

Benefits

  • $200 early spend bonus
  • No annual fee
  • 0% intro APR for 15 months on purchases and balance transfers, then 17.99% to 27.99% (variable) APR; 3% fee on balances transferred within the first 15 months
  • 1.5% cash back on every purchase, every day

Drawbacks

  • No options to redeem rewards for travel
Card Details
  • Earn a $200 cash back bonus after spending $500 in the first 3 months
  • 1.5% cash back rewards on every purchase, every day; plus unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
  • Intro purchase 0% APR offer: 0% for 15 months then 17.99% to 27.99% (variable)
  • Intro balance transfer 0% APR offer: 0% for 15 months then 17.99% to 27.99% (variable)

Author Details

Ben Walker, CEPF Ben Walker, CEPF, is a credit cards and travel writer at FinanceBuzz who loves helping others achieve their travel goals through financially sound decisions. For over a decade, he has been using credit card points and miles for the sole purpose of traveling the world. Ben is a Certified Educator of Personal Finance and has been featured in The Washington Post, MSN, Debt.com, and Finder.com.