Capital One Quicksilver Student Cash Rewards

Rewards Rate

Welcome Bonus

This card comes with the “New Cardmember Offer.” With this one-time welcome offer, you can receive $50 as a cash bonus after spending $100 on purchases within the first 3 months of opening an account.

APR

19.99-29.99% Variable APR

Pro & Cons

• Low requirements to open an account
• Offers 1.5% unlimited cash back on all purchases
• No annual fee or foreign transaction fees
• Access to Capital One Dining, Entertainment, and Travel
• Additional 5% cash back on hotels and rental cars through Capital One Travel
• Additional 10% cash back on qualifying purchases in Uber and Uber Eats (valid through November 14, 2024)

• Not a high-tier rewards card
• New cardmember welcome offer is only $50
• No bonus categories
• Higher APR

Capital One Quicksilver Student Cash Rewards

The Capital One Quicksilver Student Cash Rewards Credit Card is designed specifically for students looking to build credit and earn cash back. It comes with 1.5% unlimited cash back rewards on everyday purchases. It also has no annual fee, making it a solid choice for students who don’t want to worry about spending extra money to keep their credit card account open.

Rewards Redemption

To redeem your Capital One Quicksilver Student Cash Rewards Credit Card’s points, you can request them in the form of a check, as a gift card, or as a statement on your balance. Or you can set up automatic redemption, which occurs on specific dates or once you’ve accumulated enough points.
You can also use your rewards at Amazon, through PayPal, or via Capital One Shopping. Rewards never expire except in the event of account closure.

Terms, Rates and Fees

Capital One’s Quicksilver Student Cash Rewards Credit Card comes with a variable APR ranging from 19.99% to 29.99%, depending on creditworthiness and the current Prime Rate. It’s designed for students with a Fair credit rating or better.
With this card, there are no annual fees or foreign transaction fees. There may be a 3% balance transfer fee, however. Cash advances come with a $3 or 3% fee, whichever is greater. There is also a late payment fee of $40.

The required minimum payment depends on the current balance. Generally, it’s either $25 or 1% of your balance plus any interest charges, past-due amounts, or related fees. For the most part, these fees are fairly standard for a card like this.

Maximize Benefits and Avoid Fees

Here’s how to get the most out of this card and avoid any fees:

• Spend at least $100 in the first 3 months of opening an account to receive a one-time value offer of $50.
• For an ongoing value benefit, pay off the full account balance every month to avoid potentially high interest charges.
• Make all payments on time to avoid late charges and build credit.
• Make qualifying purchases through Uber Eats or Uber (via the app) to earn up to 10% cash back.
• Prioritize purchases made through Capital One Travel — such as on rental cars and hotels — to earn 5% cash back.
• For the greatest ongoing value, use this card for everyday purchases to earn 1.5% unlimited cash back and pay off the full balance each month.

How to Apply

• Begin the application process by heading to Capital One’s main page.
• Hover over credit cards and click “Student Rewards” to be taken to the card issuer’s student credit cards.
• Select “Quicksilver Rewards for Students” to see more information about this particular card.
• Review the information and, when you’re ready, start the application by clicking “Apply Now.”
• This will take you to the online application where you’ll need to provide some personal, contact, and financial information. This includes your name, SSN or individual Tax Identification Number, citizenship status, residential address, email address, phone number, and income. You’ll also need to answer whether you're a student and what type of degree you’re pursuing.
• Read through the important disclosures before clicking “Continue.”
• Review your information carefully and make any necessary changes.
• If everything looks good, continue to submit the application.

Qualification Requirements

• Fair credit (630-690)
• No active bankruptcy
• Must be a student
• Must be 18 years or older
• Proof of sufficient income
• Must have a residential address in one of the 50 states, Washington, D.C., Puerto Rico, or a U.S. military location

What Makes This Card Appealing?

The main thing that makes the Quicksilver Student Cash Rewards Credit Card so appealing is the low credit score requirement and 1.5% unlimited cash back rewards on everyday purchases. It also has very few fees that make it more viable for current students to manage while pursuing their education and building credit.