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Apply online for Capital One® QuicksilverOne® Cash Rewards Credit Card

Capital One® QuicksilverOne® Cash Rewards Credit Card Review

Average, Fair, Limited

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What Capital One says about this card

Apply online for Capital One® QuicksilverOne® Cash Rewards Credit Card
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Earn cash rewards without signing up for rotating categories
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Monitor your credit profile with the CreditWise® app, free for everyone
  • $0 fraud liability if your card is ever lost or stolen
  • No limit to how much cash back you can earn, and cash back doesn't expire for the life of the account
  • Help strengthen your credit for the future with responsible card use
  • Get customized alerts and manage your account with the Capital One mobile app

By Curtis Arnold Editor-in-chief  Updated Aug 15, 2019

Capital One® QuicksilverOne® Cash Rewards Credit Card Essentials

The Capital One® QuicksilverOne® Cash Rewards Credit Card allows cardholders with average to limited credit to, with responsible use, build their score while simultaneously enjoying perks (and cash back!) usually reserved for upper-echelon cash-back credit cards. Its mainstay is 1.5 percent flat-rate cash back on all purchases with other amenities. an array of tools to keep an eye on your credit and Platinum Mastercard® benefits like extended warranty protection, price protection and travel accident insurance. With only a small annual fee of $39 and no rotating categories, the QuicksilverOne® offers one of the simplest cash- back programs out there and it's still an option even if your credit is less than excellent.

Capital One® QuicksilverOne® Cash Rewards Credit Card’s best features:

  • A straight and to-the-point rewards structure that leaves no two ways about when and where you can earn 1.5 percent cash back on every purchase.
  • With Credit Steps, you can gain access to a higher credit line after making your first several payments on time.
  • Paying for items with your Capital One card gets you additional warranty protection at no charge.
  • A variety of ways to stay on top of your account, from personalized payment methods to scheduling email and text alerts.

CardRatings Editor's Analysis: Pros & Cons

  • A simple rewards structure gives cardholders the chance to earn unlimited 1.5% cash back on every purchase with no rotating categories, spending tiers or caps to worry about.
  • Allows those with less-than-stellar credit to get in the cash-back game.
  • With no foreign transaction fees, this is a decent choice if you plan to travel abroad.
  • While the annual fee isn't high, it is something to consider. It's possible you could qualify for better rewards with a no-annual-fee card, like Chase Freedom Unlimited®.

What Our Editors Like Most about the Capital One® QuicksilverOne® Cash Rewards Credit Card

Many cash-back credit cards come with annual fees and interest rates much higher than their no-frills, no cash back cousins, not to mention are reserved for people with good to excellent credit. Capital One® QuicksilverOne® Cash Rewards Credit Card, on the other hand, features a reasonable $39 annual fee, much less than many "plain vanilla" credit cards for average credit. And, as an added bonus, the Capital One® QuicksilverOne® Cash Rewards Credit Card won't charge you a foreign transaction fee on purchases made outside of the U.S., so this card makes a great travel companion if you occasionally visit overseas destinations.

When it comes to rewards, you can redeem your reward cash for a statement credit with no minimum redemption required and no redemption fee. That's a big deal when a few extra dollars will make a difference in your monthly budget. If you're likely to forget about your cash-back rewards, you can put your rewards redemption on autopilot. Just request automatic statement credits whenever your cash-back rewards balance hits $25 (or whatever dollar amount feels best for you).

Potential Downsides of the Capital One® QuicksilverOne® Cash Rewards Credit Card ®

While you do get 1.5 percent cash back with a card for average credit users, there are issuers who offer cards with more competitive cash-back deals for applicants whose credit is in excellent or good standing. If that's you, you can likely find higher cash-back rewards with a different card. Also depending on whether you are going into this card with the mindset geared more toward building your credit or trying to reap a few dollars back, it wouldn't hurt to consider secured or prepaid credit cards that are designated primarily for building your credit.

There is also a $39 annual fee attached to the card. While you could earn some of the annual fee back with that 1.5 percent cash back, the cash back is not nearly enough of an equalizer if you’re planning to carry a balance. A card with an introductory APR offer – or at least a lower ongoing APR – could be a better fit if that is the case for you.

Top Features

Cash Back on Gas Cash Back on Groceries Cash Back on Other
1.5% 1.5% 1.5%

How the Capital One® QuicksilverOne® Cash Rewards Credit Card Compares to Other Cash-back Cards

Capital One® QuicksilverOne® Cash Rewards Credit Card vs. Wells Fargo Cash Wise Visa® Card

If you have good to excellent credit, the Wells Fargo Cash Wise Visa® Card also sports a flat rate of 1.5% cash back on all purchases, but is available without an annual fee (See Rates and Fees). Furthermore, new cardmembers can earn 1.8% cash back for the first year when paying for qualifying digital wallet purchases.

The Wells Fargo Cash Wise Visa® Card also features a few nifty ways of redeeming cash back— into a checking/savings account, as statement credit or directly from a Wells Fargo ATM, for instance. In the end, the decision could come down to your credit history and whether you'll qualify for a card requiring good to excellent credit or if you are in the position of needing a card for average or limited credit.

Capital One® QuicksilverOne® Cash Rewards Credit Card vs. Capital One® Secured Mastercard®

The Capital One® Secured Mastercard® does not offer any kind of cash back like the Capital One® QuicksilverOne® Cash Rewards Credit Card®'s 1.5 percent, but that's to be expected since it is a secured card after all and aimed at helping you build your credit. So let's examine these two cards from that lens.

The Capital One® Secured Mastercard® does not carry an annual fee like the Capital One® QuicksilverOne® Cash Rewards Credit Card®'s $39 tag. With the Capital One® Secured Mastercard®, your initial credit line will be $200 and your required deposit will be $49, $99 or $200. You can increase your initial credit line by depositing more money before your account opens. You can also receive access to a higher credit line by making your first five monthly payments on time, which is also true with the Capital One® QuicksilverOne® Cash Rewards Credit Card®..

Still, without a cash-back program in place, you won't be earning anything back on your purchases. Generally, if you're able to qualify for a non-secured credit card, like the Capital One® QuicksilverOne® Cash Rewards Credit Card®, it's likely a better option than a secured card, even with that minor annual fee.

Capital One® QuicksilverOne® Cash Rewards Credit Card vs. Credit One Bank® Unsecured Platinum Visa®

The Credit One Bank® Unsecured Platinum Visa® is an unsecured credit card and as its name suggests, a credit-building card that doesn't require you to put down a deposit. The card, like the Capital One® QuicksilverOne® Cash Rewards Credit Card®, also offers a cash-back opportunity; in this case, 1 percent so it's slightly lower compared to the Capital One® QuicksilverOne® Cash Rewards Credit Card®'s 1.5 percent. You should be wary of both cards, however, if you plan on carrying a balance.

Neither the Capital One® QuicksilverOne® Cash Rewards Credit Card nor the Credit One Bank® Unsecured Platinum Visa® offer an introductory 0-percent APR period, but the Credit One Bank® Unsecured Platinum Visa® charges a lower ongoing APR. The Credit One Bank® Visa®'s annual fee structure is dependent on your creditworthiness, anywhere from $0-99. While there is a possibility it can be lower than the $39 annual fee of the QuicksilverOne®, the fact that it's not consistent really forces you to stay on top of the fee as opposed to knowing exactly how much you'll be paying with the QuicksilverOne®. 

Who Should Get This Card?

The Capital One® QuicksilverOne® Cash Rewards Credit Card can either be a great standalone card with its 1.5 percent cash back and unique issuer and Platinum Mastercard® benefits or a credit-building card to get you started in the right direction, i.e. as a segue into higher-tier credit cards with greater rewards. Maybe for you, it's both!

For average credit card users the QuicksilverOne® comes off as a steal because of its dual nature of offering you something back in your pocket as well as opportunities for your credit to climb the ladder as long as you use the card responsibly. If you can find the perfect balance between spending responsibly and utilizing the credit preserving tools the QuicksilverOne® has in store, could be a solid card choice for you.

Capital One® QuicksilverOne® Cash Rewards Credit Card compared to other cash back cards

Card Name
Cash Back on Gas
Cash Back on Groceries
Cash Back on Other
Ratings/Apply
Bank of America® Cash Rewards credit card - $200 Cash Rewards Offer
Apply online for Bank of America® Cash Rewards credit card - $200 Cash Rewards Offer
Earn 3% cash back on gas or your choice of one of five other popular categories (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
Unlimited 1% on all other purchases
Chase Freedom Unlimited®
Apply online for Chase Freedom Unlimited®
Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
Blue Cash Preferred® Card from American Express
Apply online for Blue Cash Preferred® Card from American Express
3% at U.S. gas stations
6% at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%)
1% cash back on other purchases
Apply Now
Terms and Limitations Apply
U.S. Bank Cash+™ Visa Signature® Card
Apply online for U.S. Bank Cash+™ Visa Signature® Card
1-5%
1-5%
1-5%

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