Student credit cards don’t often provide the best rewards or benefits available, typically because they’re designed as beginner cards. But certain credit card companies, such as Capital One, have been making progress with issuing cards that could help students build their credit while also providing them with helpful benefits.
This Quicksilver Student Card review digs into the details of this new Capital One credit card, showing where its strengths and weaknesses lie. See whether it makes sense for your situation.
Build Credit & Earn Cash Back
1.5% cash back
- Unlimited 1.5% cash back on purchases
- No annual fee
- No foreign transaction fees
- Automatic consideration for higher credit line after 6 months
- No early spend bonus
- No intro APR offer
- Build credit and earn unlimited cash back as a student
- 1.5% cash back rewards on every purchase, every day
Who should get the Capital One Quicksilver Student Cash Rewards Credit Card?
The Capital One Quicksilver Student Card is available only to college or university students who are 18 or older and have a valid U.S. address. As with most student credit cards, you don’t need an excellent credit score to qualify for this card — below average credit or limited credit is likely enough for approval.
This card could make sense for any student who wants to start building their credit history while earning a flat cashback rewards rate at the same time. Many starter cards offer few benefits or no earning potential, so this card is a step above those options. If you would prefer a rewards program that allows you to earn bonus rewards in specific categories instead of a flat rate on every purchase, the Quicksilver Student Card might not be the best fit for you.
The Quicksilver Student Card has a $0 annual fee and no foreign transaction fees. This should slot nicely into the typical financial situation for many students who don’t want to worry about fees. And if you’re planning to study abroad, having no foreign transaction fees could prove useful.
|Card type||Cash Back/Student|
|Credit card issuer||Capital One|
|Credit card network||Mastercard|
|Early spend bonus||None|
|Reward rate||1.5% cash back rewards on every purchase, every day|
|Recommended credit score||Bad, Fair|
|Foreign transaction fee||None|
Capital One Quicksilver Student Cash Rewards benefits and perks
- Earning potential: Cardholders can earn 1.5% cash back rewards on every purchase, every day. This type of rewards rate can be helpful for students who often have a wide range of expenses, from food to books and more.
- Low credit requirement: You likely don’t need excellent credit or good credit to be approved. As with many student credit cards, this card typically requires limited or fair credit history — which could make it easier for students to qualify.
- $0 annual fee: The Quicksilver Student has a $0 annual fee, so there’s no annual cost to worry about.
- No foreign transaction fees: If you’re traveling or studying abroad, you won’t have to deal with foreign transaction fees when using this card.
- Extended warranty protection: Eligible purchases made with this card have their warranty extended.
- Travel accident insurance: Eligible losses are covered when this card is used to pay for your fare.
- Important alerts: Account alerts from Eno can keep you updated on potential mistake charges, duplicate purchases, or recurring bill increases. Additionally, CreditWise can alert you to changes on your TransUnion or Experian credit reports.
Drawbacks to this card
- No early spend bonus: This card doesn’t offer an early spend bonus offer. Early spend bonuses typically give you a bonus for spending a certain amount on your card soon after account opening. However, student credit cards don’t typically offer much when it comes to welcome bonuses. For other card options and credit card reviews, visit our dedicated page to compare credit cards.
- No intro APR offer: Some credit cards offer 0% introductory APR offers, typically for balance transfers or purchases. Unfortunately, this card doesn’t have either of these options. For these types of credit card offers, check out our list of the best balance transfer cards.
Earning and redeeming cash back
Best ways to earn
This card doesn’t earn bonus rewards in different categories, such as groceries or gas. Rather, it has a flat 1.5% cash back rewards on every purchase, every day. So the best way to achieve cashback earnings with the Quicksilver Student Card is to use it on all your everyday purchases.
This could include using your card for groceries, for filling up your car, for eating out, and anything else you’re already spending money on. If you’re able to pay any of your bills or utilities with a credit card (without incurring fees) then it could make sense to use your card for those as well.
Using your card for everything doesn’t mean spending more money than you typically do. It simply means changing your purchasing habits to take advantage of credit card rewards.
|Every purchase, every day||1.5%|
Maximizing your redemptions
If you use your card to make purchases, you’ll earn cash back at a 1.5% rate. Once you earn enough cash back, you can decide how you want to redeem your rewards.
The Quicksilver Student Card offers multiple ways to redeem your cash back, including:
- Statement credits
- Mailed check
- Cover previous purchases
- Gift cards
- Cover PayPal purchases
- Shop with Points at Amazon.com
Capital One doesn’t offer public information about its reward redemption rates or how much value you can get from each redemption option. But for cashback credit cards, the best redemptions are typically the ones with an actual cash component. For example, getting statement credits or receiving a check in the mail are the closest options for converting your rewards into actual cash in hand. Other options include gift cards or covering online purchases, but these aren’t guaranteed to have the best value.
Capital One Quicksilver Student Cash Rewards Credit Card FAQs
Can a 17-year-old get a Capital One credit card?
Most Capital One credit cards require you to be 18 or older to qualify. However, Capital One allows cardholders to add authorized users, which could include children, to their accounts. Authorized users can receive their own credit card and share a line of credit with the primary cardholder. So if you are too young to apply for a card, or if you think you may not qualify yet for a Capital One credit card, consider talking to a trusted adult to see whether they’ll open an account and add you as an authorized user.
Which Capital One student card is best?
The best Capital One student card for you is the one that most aligns with your spending habits and financial goals. If you want an unlimited, flat rate of cash back, consider the Quicksilver Student Card. If you prefer earning rewards in specific bonus categories, the Capital One SavorOne Student Card might be a better fit.
What happens to my Capital One student credit card after I graduate?
You won’t lose access to your card or its rewards and benefits after you graduate. You have to be a student to qualify for a Capital One student card, but you can continue using them after graduation as well.
Other cards to consider
The Quicksilver Student Card offers college students an opportunity to build credit while earning cash back at a flat rate. But it might not be the best credit card for every situation. For other options, consider the SavorOne Student Card and Chase Freedom Student Card.
The SavorOne Student Card is another credit card offered by Capital One. It has a $0 annual fee and no foreign transaction fees. But the big difference between this card and the Quicksilver Student is in the earning rate. Instead of flat cashback rewards on every purchase, you can earn 8% cash back on Vivid Seats (through January 31, 2023); 3% unlimited cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart and Target); plus 1% cash back on all other purchases.
For more details, check out our SavorOne Student Card review.
The Chase Freedom Student Card has a $0 annual fee and provides 1% cash back for each $1 spent. It also offers new cardholders a sign-up bonus of 5,000 points after spending $1 in the first 3 months. Additionally, you’re able to receive $20 in rewards for an account in good standing after each account anniversary for up to five years.
For more details, check out our Chase Freedom Student Card review.
Build Credit & Earn Cash Back
Build credit and earn unlimited cash back as a student
See how these cards compare:
Capital One SavorOne Rewards for Students Card
- No annual fee
- 3% unlimited cash back on dining, entertainment, streaming, and groceries
- 8% cash back on Vivid Seats (through January 31, 2023)
- Automatic consideration for a higher credit limit after 6 months
- No foreign transaction fee
Chase Freedom Student
- $50 cash back sign-up offer
- 1% cash back on all purchases
- No annual fee
- Eligible for a credit limit increase after 5 on-time payments in first 10 months
- Receive $20 in Good Standing Rewards for up to 5 years