A review of the Capital One Quicksilver Cash Rewards Credit Card

“I appreciate its simplicity — 1.5% cash back on everything with no annual fee. I also like how it doesn’t charge foreign transaction fees. And the 15-month 0% interest promotion on balance transfers and new purchases is pretty generous (just make sure to pay your entire balance before the clock runs out),” says Ted Rossman, senior industry analyst at Bankrate.

Put simply, “As a flat-rate cash back card, this is a strong option for those looking for simplicity. There are no bonus categories to keep track of, so you’ll earn the same rewards whether you’re buying dinner or ordering a bespoke gift — and you don’t have to spend time deciding how you want to redeem your points,” says Emily Thompson, credit card writer at The Points Guy.

That said, it’s not for everyone; other cards have a higher percentage for cash back and longer 0% promo periods.

What 10 leading financial site say about the Capital One Quicksilver Cash Rewards Credit Card

“A no-fuss, no-gimmicks card,” says NerdWallet. 

“The Capital One Quicksilver Cash Rewards Credit Card is a good option if you value the simplicity of earning a flat rate on all purchases. You’ll get 1.5% cash back on nearly every purchase, without a bunch of bonus categories to remember or spending limits to keep track of,” says NerdWallet. One downside they note is that “You can get a higher flat rate. There are a growing number of cards on the market that offer a flat rate of at least 2% back.”

And Melissa Lambarena, credit cards expert at NerdWallet, tells us that the Capital One Quicksilver Cash Rewards Credit Card gives new cardholders a strong start whether they’re looking to save on purchases or pay down debt with its balance transfer option. “The spending requirement to get the sign-up bonus is lower compared to other credit cards and the 0% introductory APR is a decent length for purchases or balance transfers. For those on a debt-payoff journey, the 3% balance transfer fee saves more money than the 5% fee charged by some other credit cards,” says Lambarena. But, she adds that for those who need more time to pay down purchases or debt, other cards can offer longer interest-free windows. 

“Best for straightforward cash-back earnings,” says The Points Guy.

“We love that there’s no minimum redemption amount when it comes to redeeming your rewards, meaning you can apply your earnings immediately to your statement credit and lower your charges,”  says The Points Guy. The bottom line, according to the site, is that the card “offers a decent cashback earning rate and a solid sign-up bonus. However, other cashback cards offer more generous earnings and other cards feature more flexible ways to redeem your rewards for greater value.”

“A just-decent everyday cash back card,” says CreditCards.com

“For cardholders who want to keep things simple, the Quicksilver card is a good choice. But cardholders ready to go the extra mile with their credit cards may be majorly missing out with this all-too-simple cash back card,” says CreditCards.com.

“If you can’t decide between a card offering a welcome bonus or an introductory 0% APR, look no further,” says Forbes Advisor. 

“The intro APR is where this card truly shines. You’ll earn 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel during the intro period and beyond, which is a fine, but not exactly noteworthy, earnings rate. However, the card might still make sense for minimalists who only want one or two cards in their wallet,” the Forbes Advisor review says.

“The Capital One Quicksilver Cash Rewards Credit Card is a very good everyday rewards card for people with good credit,” says WalletHub.

“Based on WalletHub’s analysis of 1,500+ credit card offers, the Quicksilver Card is worth considering thanks to benefits that include a $0 annual fee, an intro APR of 0% for 15 months and rewards of 1.5-5% cashback on purchases. Those features are all above-average,” according to the site.

“The Capital One Quicksilver Cash Rewards Credit Card has solid flat rewards and a sign-up bonus that’s easy to earn,” says CNN Underscored.

“The Capital One Quicksilver Cash Rewards Credit Card has been around since 2013, so it’s far from new. However, this no-annual-fee cash back credit card has become a favorite of so many consumers thanks to its simple flat rate rewards and the fact that it has no annual fee,” says CNN Underscored. 

“If you’re looking for a no-fuss cash back credit card that pays respectably, this one is worth considering,” says Investopedia.

This review notes that while the APR can be comparatively high, “the simplicity of the card’s flat-rate rewards structure is appealing. But if you’re looking for a card that offers more rewards in areas where you spend a lot, this one won’t do.”

“It delivers straightforward value with no annual fee and no minimum reward threshold for cashing in on your points,” says CNBC Select.

“The Capital One Quicksilver Cash Rewards Credit Card requires good to excellent credit, but unlike many cards that dazzle consumers with double or triple miles, the value of this card is in its simplicity,” says CNBC Select.

“Worth considering if you frequently spend on car rentals or hotels and don’t mind booking through Capital One Travel,” says Business Insider.

“As a no-annual-fee card, the Capital One Quicksilver Cash Rewards Credit Card doesn’t come with a ton of benefits, but there are a handful that could save you money if you make use of them,” says Business Insider. 

“You’ll need good or excellent credit – typically a credit score of 670 or higher – to qualify,” says CNET.

“The card is overshadowed in some aspects by its near competitors, but it does have one thing they don’t: no foreign transaction fees. So if you travel abroad frequently and want solid benefits, this card is worth considering,” notes CNet.

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