The
Capital One Quicksilver is a very good everyday rewards card for people with
good credit. Thanks to benefits that include a
$0 annual fee, an intro APR, and a straightforward
1.5 - 5% cash back on purchases, the Quicksilver Card is well worth it.
In addition, the Quicksilver Card has a
$0 foreign transaction fee and a nice initial rewards bonus:
$200 for new cardholders who spend
$500 within
3 months of opening an account.
As a result, if you want a low-maintenance, low-cost rewards card, the
Capital One Quicksilver Credit Card is one of the options that WalletHub recommends. Below, we’ll summarize the main factors to consider before submitting a
Capital One Quicksilver Card application.
What I Like About the Capital One Quicksilver Card
$200 Initial Bonus
The
Capital One Quicksilver Card’s
$200 initial bonus is one of the easiest initial bonuses to earn, despite not being among the biggest available. All you have to do is spend at least
$500 within
3 months of opening an account. That works out to 40% cash back, which isn’t too shabby at all.
No Annual Fee
The Quicksilver Card’s
$0 annual fee saves you around
$21.58 per year compared to the average credit card. You won’t feel pressured to use your Quicksilver Card just to break even, either.
No Foreign Fees
Like all other Capital One credit cards, the Quicksilver Card does not charge foreign transaction fees. That’s one reason it’s among 2024’s
best credit cards for international travel, according to WalletHub’s editors. Using a credit card with no international fees such as
Capital One Quicksilver for purchases made abroad, rather than converting hard currency, can also save you up to 89% on international spending, according to
WalletHub's analysis.
0% Intro APRs
Capital One Quicksilver currently offers intro APRs of
0% for 15 months on purchases and balance transfers to new cardholders. The period is longer than average for a 0% credit card offer on both counts, according to
WalletHub’s Landscape Report.
Capital One Quicksilver grace period
Capital One Quicksilver has a grace period of 25 days. The Quicksilver Card’s grace period runs from the end of each billing period to the due date. No interest will be assessed on balances during that time, provided the cardholder always pays the balance in full by the due date.
1.5 - 5% Cash Back on Purchases
The
Capital One Quicksilver cash rewards rate of 1.5% cash back on all purchases is well above average. It's also simple and straightforward. You don’t have to worry about rotating bonus categories, earnings limits or other rewards trickery with the
Capital One Quicksilver Card. On top of that, cardholders earn
5% cash back on hotels and rental cars booked through Capital One Travel.
What I Don't Like About the Capital One Quicksilver Card
High Regular APR
The Quicksilver Card's regular APR is 19.99% - 29.99% (V). In other words, the card’s interest rate could be slightly lower than average or a lot higher than average, according to WalletHub’s research. The exact rate you’re assigned depends on factors such as your credit history, income and existing debt when you apply. The average rate among credit card offers available right now is 22.9%.
As a result, you’d be wise to set up automatic monthly payments for your full statement balance each month in order to avoid interest charges when the Quicksilver Card’s regular APR is in effect. Your savings from rewards and the introductory financing promotion won’t last long in the face of such a high interest rate.
Balance Transfer Fee
If you transfer a balance to the Quicksilver Card, you may enjoy a low introductory APR, but this opportunity to save a bundle on interest charges is not free. At a minimum, you will have to pay a fee equal to a percentage of the balance that you transfer: 3% for the first 15 months, 4% at a promo APR that Capital One may offer you at any other time. The regular interest rate could also come into play if you don’t pay off your transferred balance on time.
Good Credit or Better Recommended
This is to be expected, but it would be better if even more people could get the Quicksilver Card. On the bright side, if you don’t have the
good or excellent credit to apply for the standard Quicksilver Card – find out by
checking your latest credit score for free on WalletHub – you may still be able to join the
Capital One Quicksilver family. The
Capital One QuicksilverOne Cash Rewards Credit Card (see Rates & Fees) is available to people with limited or fair credit. In addition, students with limited credit or better can get the
Capital One Quicksilver Student Cash Rewards Credit Card (see Rates & Fees), and the
Capital One Quicksilver Secured Cash Rewards Credit Card (see Rates & Fees) is an option if you have limited or bad credit.
Capital One Quicksilver Ratings by WalletHub Editors
| Category | Rating |
| Cash Back | 4.5 / 5 |
| Customer Experience | 4.9 / 5 |
| Introductory Offer | 4.6 / 5 |
| Net Value | 4.4 / 5 |
Finally, it’s always a good idea to read some user reviews before getting a new product. And you can see what the people think of
Capital One Quicksilver below, following the answers to a few key questions common among Quicksilver cardholders and applicants.
