2023 Review: Capital One Quicksilver Cash Rewards for Good Credit
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Snapshot: You can earn 1.5% cash back on all purchases with this card. Since there’s no annual fee, if you keep up with your statement payments to avoid interest, that’s easy money in the bank.
Ready to learn how to apply?
Basic Features
- Ongoing APR: reg_apr,reg_apr_type depending on creditworthiness
- Annual fee: annual_fees
- Credit needed: Scores in the credit_score_needed range
Additional Details
- 1.5% cash back on every purchase
- Up to 6 months of complimentary Uber One membership through 11/14/2024*
- Maximize travel benefits with unlimited 5% cash back on hotels and rental cars when booked through Capital One Travel
- Rewards never expire as long as the account remains open
- You can now choose to redeem your rewards with Amazon purchases
- No foreign transaction fees
| Pros | Cons |
| No annual fee | APR may be lower with some other cards |
| Easy cash back rewards structure | Card doesn’t come with a low or zero APR introductory offer |
| Multiple options for redeeming cash back |
Ready to start earning cash back on your purchases?
Table of Contents:
- Full Review of Capital One Quicksilver Cash Rewards for Good Credit
- What You’ll Like About It
- Drawbacks
- Is it Worth It?
- FAQ
Full Review of Capital One Quicksilver Cash Rewards for Good Credit
This card is perfect if you’re looking for a no-hassle option. Basically, if you’re looking to earn cash back on purchases, but don’t want to gamify your purchasing to maximize certain cash back categories. The answer is simple: 1.5% cash back on everything.
As far as cash back credit cards go, this card is a solid option. 1.5% cash back isn’t as high as other cards, but it’s decent. The flat rate across all purchases removes some of the complexity from using it. The pleasant exception to this is a hefty 5% cash back on certain travel purchases booked through Capital One Travel. A annual_fees annual fee is a nice bonus.
One thing to consider is that you’re going to need credit_score_needed credit to qualify for this card, which typically means a credit score of 700+.
What You’ll Like About It
No Annual Fee
Rewards cards often do come with fees, so it’s nice to know this one doesn’t. That means all the cash back you earn on purchases is pure profit as long as you pay your credit card statement off every month.
1.5% on All Purchases
You don’t have to figure out confusing category rotations or remember whether this card offers rewards at the pump or in the grocery store. It’s easy to earn cash back because you get 1.5% back every time you swipe.
Ready to start earning cash back on your purchases?
Flexible Cash Back Redemption Options
There are many ways to redeem your rewards. (It also seems to be something that Capital One is constantly expanding, which makes it a great option for cash back cards in general). You can get your cash back (literally) or apply it as a statement credit. You can also apply it directly to a recent purchase, which is a handy personal accounting option that makes it easier to use your cash back as a reward or to cover fun splurges.
The Drawbacks
Relatively High APR
At reg_apr,reg_apr_type, the APR on this card may be a bit high for some people. 30% is competitive for rewards cards, but if you are looking for a lower APR there are other options. (Depending on your credit and what you qualify for).
No Intro APR or Balance Transfer Offer
This card doesn’t currently offer any type of introductory APR for balance transfers or purchases, which means you can’t rack up cash back with a large purchase and then break up your payments interest-free over a year or so.
Learn more about applying for the Capital One Quicksilver Cash Rewards Card!
Is It Worth It?
If you plan to use this card only on purchases you have the cash to cover and pay off the balance every billing cycle, it can be a good card to earn cash back with.
Frequently Asked Questions
What Are the Credit Limits for the Capital One Quicksilver Cash Rewards Card?
Capital One doesn’t list a minimum or maximum limit for their card. Your credit limit is determined by your credit history and ability to pay, so it depends on your income and other factors. Individuals with better credit, higher incomes or less existing debt may be more likely to get approved at the higher limits. A good credit history of paying balances over time may also lead to higher credit limit authorization.
How Soon Can I Increase My Credit Limit After Being Approved for a Capital One Quicksilver Cash Rewards Card?
You’ll need time to demonstrate responsible management of your account or improve your credit score and income situation. It’s typically a good idea to wait at least 6 months before asking for a credit increase. Credit card companies are typically unlikely to approve one before that point.
How Good is a Capital One Quicksilver Cash Rewards Card for Building Credit?
This isn’t typically a card that you’d use to build credit if you have bad, poor or fair credit. That’s because you need good credit to get approved for it in the first place. However, responsible management of the card can help you continue to build your credit in the future.
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