Capital One Quicksilver Cash Rewards

Rewards Rate

Welcome Bonus

The Capital One Quicksilver Cash Rewards Credit Carda comes with a couple of welcome bonuses. The first is a $250 cash bonus, which occurs when you spend $1,000 within 3 months of opening the account. The second bonus is the 0% introductory APR, which is good for the first 15 months. Right now, Capital One is also offering 6 months of Uber One membership to qualifying members. This offer is valid through 11/14/2024.

APR

19.99-29.99% Variable APR

Pro & Cons

• Receive 1.5% cash back on every purchase
• New cardholders may be eligible to earn a $250 cash bonus
• No annual fee or transaction fees
• 0% introductory APR for the first 15 months on purchases and balance transfers

• High credit score requirement
• Does not come with many other perks besides cash back
• Similar credit cards may come with higher cash back rewards

Capital One Quicksilver Cash Rewards

The Capital One Quicksilver credit card is geared toward individuals looking for cash back rewards on everyday purchases. It comes with a low introductory annual percentage rate (APR) and no annual fees. Not only that but the cash rewards are applicable with any purchase, making it easy for users to earn without having to purchase specific things.

Rewards Redemption

You can redeem your cash back rewards by requesting them online. They’ll come either in the form of a check, as a statement added to your account, or as a gift card. Alternatively, you can use an automatic redemption to redeem your rewards on a specific date or after earning a specific amount.

You can also use your rewards on Amazon or redeem them via PayPal.

Credit Card Terms, Rates and Fees

The Quicksilver from Capital One card comes with a 0% introductory APR for the first 15 months. After that, it changes to a variable interest rate ranging from 19.99% to 29.99%, depending on creditworthiness. The APR on cash advances is 29.99%.

This card does not have an annual fee or a foreign transaction fee. It does, however, have a 3% balance transfer fee. It also has a $40 late payment fee. There is no preset credit limit, but users with better credit and higher income may receive a higher limit.

All in all, this card’s terms and fees are fairly standard. The requirements are also standard for a cashback rewards credit card, though the rewards themselves are not as high as other cards might offer.

Maximize Benefits and Avoid Fees 

• Make regular purchases. To get the most out of this card, use it to make everyday purchases and earn 1.5% unlimited cash back.
• Pay back the entire balance. To offset those purchases, pay off the balance as soon as possible — ideally before it accrues interest. This, combined with the cashback rewards, will provide ongoing value.
• Take advantage of the introductory APR. The 0% introductory APR works for both balance transfers and purchases. This makes the Quicksilver card a good option for consolidating debt or making a big purchase, provided the credit limit is high enough. Make sure you pay off the balance before the introductory period ends to avoid interest charges.
• Spend enough to earn the cash bonus. Spending $1,000 in the first 3 months of opening an account will result in a cash bonus of $250 — a small but notable first-year value.

How to Apply

1. Head to the main page. Start by going to the Capital One website and selecting Credit Cards. From there, click on Cash Back Rewards.
2. Select Quicksilver Cards. Then, click “See Cards” under the Quicksilver & QuicksilverOne Rewards Category.
3. Pick the right Quicksilver Card. Choose the Quicksilver Rewards card. It’s the one that requires excellent credit. Click “Apply Now.
4. Begin the application. You can complete the application online. You’ll need to provide some personal information, your SSN, and citizenship status.
5. Fill out your contact information. From there, provide information about where you live, as well as your email address and phone number.
6. Fill out your employment status. Next, provide details about your employment status, income, active bank accounts, and whether you plan to transfer a balance or use cash advances on the credit card.
7. Add an additional cardholder. Then, decide whether or not to add an additional card holder. If you do, provide their information as well.
8. Review the information and submit. Finally, double-check everything and submit the application. You can also get preapproved if you want to check your potential rates without affecting your credit score.

Credit Card Qualification Requirements

• Excellent credit score (740+)
• 18 years or older
• Steady income
• No active bankruptcies
• US citizen or permanent resident
• SSN or Individual Tax Identification Number

What Makes This Card Appealing?

This card is a solid option for people with excellent credit, steady income, and good money management habits who want to earn unlimited cash back from everyday purchases. It may also be a good option for those who want to make a big purchase or transfer another credit card’s balance and can pay off the new card within the 15-month, 0% APR introductory period.